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Here is today’s sustainable IT services and climate tech news, research and analysis — written for technology partners, green IT service providers, CIOs, chief sustainability officers (CSOs) and climate accounting professionals.
1. Request for Information: The Net Zero Innovation Hub (NZIH) has launched a Request for Information (RFI) that seeks net zero data center backup power solutions in Europe. The hub –launched by Danfoss, Data4, Google, Microsoft, Schneider Electric and Vertiv — seeks to “accelerate the deployment of innovative solutions which can substitute diesel back-up generators.”
2. Research – IT Services: Only 21% of organizations use technology to reduce their environmental footprint and shape their overall sustainability strategy, Kyndryl and Microsoft research found.
3. Research – Green Data Center: Spending on green data centers will reach $509.6 billion by 2030, up from $147.2 billion in 2023, Research and Markets predicts. That’s a compound annual growth rate (CAGR) of 19.4%, the researcher said.
4. Cloud Services: New Relic, the observability software provider, is leveraging Amazon Web Services as part of its sustainability journey.
5. Enterprise Software: SAP is touting multiple AI software tools to help customers “set meaningful environmental targets, ensure compliance, and manage carbon footprints with heightened efficiency and accountability,” the company asserted.
6. Earnings – EV Charging Networks: For its Q3 of 2024, EVgo reported stronger-than-expected revenues. Key points to note include:
- Revenue of $67.5 million, up from $35.1 million in Q3 of 2023.
- Net loss of $33.3 million, which was larger than a $28.2 million net loss in Q3 of 2023.
7. AI Data Centers and Power Challenges: Roughly 40% of existing AI data centers will be operationally constrained by power availability by 2027, Gartner predicted.
8. Small Modular Reactor – Open Source: SAIHEAT has introduced an open source SMR solution for AI computing centers. The solution, called HEATNUC, has a “proprietary decay heat-driven passive safety system that reduces the probability of reactor degradation,” SAIHEAT asserts.
1. Potential Breakup: Activist investor Elliott has built a $5 billion stake in Honeywell, and is pushing the industrial company to break itself up, Bloomberg reported. Honeywell reported weak revenues in Q3 of 2024. The overall Honeywell business remains focused on “three powerful megatrends – automation, the future of aviation and energy transition,” the company has repeatedly said.
2. Complete M&A List: Here’s our database of all M&A deals involving green IT and renewable energy buyers, sellers and investors.
1. Carbon Credit Standards: Countries at the summit gave the go-ahead to carbon credit quality standards which are critical to launching a U.N.-backed global carbon market, Reuters reported. The market would fund projects that reduce greenhouse gas emissions.