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Carbon accounting platform acquired by Sage as ClimateTech heats up

Spherics, a UK-based carbon accounting platform for SMEs to understand and reduce their environmental impact, has been acquired by accounting giant Sage. Terms of the deal were not disclosed but itโ€™s understood Spherics had raised ยฃ1.25m in equity financing from angel investors and ยฃ300,000 in grants.
City Of United Kingdom Amaya Souarez George Sandilands United Kingdom Based Climate Tech

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New Magnetic Material Could Mean More Efficient Electric Aircraft Motor

Australia's Kite Magnetics says its new Aeroperm magnetic material will support the development of smaller, lighter and more efficient electric motors for aircraft. It is starting work on a 60 kW motor for light aircraft and plans to scale up the power rating to one-megawatt for regional airliners.
South Australia Patrick Sieb Richard Parsons Kiyonori Suzuki Monash University Kite Magnetics

How digital tech can revolutionise Hong Kong's industries in climate fight

Research shows that AI, machine learning and automation can accelerate decarbonisation and cut emissions by up to 20 per cent by 2050. Scaled up across industries, digital solutions could be most effective at reducing emissions in the three highest-emitting sectors โ€“ energy, materials and transport.
Hong Kong Yuen Long Innopark Climate Tech Ong Kong Net Zero 2050 Digital Tech Machine Learning
Source: scmp.com

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