Month: May 2025

HESPERIA, Calif., May 7, 2025 /PRNewswire/ — Pacific Gas and Electric Company recently joined elite fire professionals, top state and federal officials, and senior leaders representing philanthropy, insurance providers, and other electric utilities for the first-ever autonomous wildfire suppression demonstration in California.

Organized by Rain and Sikorsky, a Lockheed Martin company, the demonstration took place in in the Silverwood region of the Mojave River Valley nestled next to the San Bernardino National Forest. The demo featured a Black Hawk® helicopter equipped with autonomy systems from Lockheed Martin and Rain tracking and engaging multiple fires across the site, pulling water from dip tanks and extinguishing ignitions – all controlled via tablet.

PG&E leaders and a PG&E safety infrastructure protection team (SIPT) attended the demonstration.

“At PG&E, we are committed to ending catastrophic wildfires, and we have implemented several layers of protection and mitigation initiatives that have significantly reduced ignitions, but we know there’s more to do and we recognize the need to develop the technology of tomorrow that will help keep California safe as our climate challenges evolve,” said Mark Quinlan, senior vice president of Wildfire, Emergency, and Operations at PG&E. “To that end, we continue to work closely with innovators and changemakers like Rain and Lockheed Martin to adapt and adopt innovative tools and technologies to keep our customers and hometowns safe. I envision a day in the near future in which PG&E’s fleet of Sikorsky helicopters, which we loan to CAL FIRE and counties in our service area, being equipped with this autonomous capability.”

Alameda-based Rain is a participant in a PG&E research and development project administered through the Electric Program Investment Charge (EPIC) program, which is exploring how drone-enabled and autonomous wildfire suppression technologies can reduce response times, reduce risk of ignitions becoming catastrophic wildfires, and reduce operating costs for field crews.

Rain is also a participant in the XPRIZE Wildfire competition, of which PG&E is the Co-Title sponsor alongside the Gordon and Betty Moore Foundation, Presenting Sponsor Minderoo Foundation, Bonus Prize Sponsor Lockheed Martin and Supporting Sponsors Conrad N. Hilton Foundation, and benefactors Nichola Eliovits and Michael Antonov.

XPRIZE Wildfire is a four-year, $11 million competition to develop and demonstrate fully autonomous capabilities to detect and extinguish wildfires. XPRIZE Wildfire includes two complementary tracks designed to transform how fires are detected, managed and suppressed:

• In the Autonomous Wildfire Response track, teams will need to monitor at least 1,000 square kilometers (386 square miles) and autonomously suppress a wildfire within 10 minutes of detection.
• In the Space-Based Wildfire Detection & Intelligence track, teams will have one minute to accurately detect all fires across a landscape larger than entire states or countries, and 10 minutes to precisely characterize and report data with the least false positives to two ground stations. 

In addition to Rain, through the EPIC project, on separate occasions PG&E will demonstrate and evaluate the viability of other autonomous wildfire suppression technologies in various operating environments.

For more information about PG&E’s R&D efforts visit www.pge.com/innovation.

About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than sixteen million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news  

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SOURCE Pacific Gas and Electric Company

MUNICH, May 7, 2025 /PRNewswire/ — Envision Energy, a global leader in green technology , today announced the launch of its next-generation EN 8 Pro 8MWh DC Liquid-Cooled Energy Storage System at Smarter E Europe 2025. Designed to accelerate the transition to an intelligent, resilient, and net-zero energy future, the EN 8 Pro sets a new benchmark in safety, performance, cost-efficiency, and environmental adaptability. Featuring a high energy density design that delivers over 8MWh high capacity, it combines advanced fire protection, intelligent thermal management, and reduced Levelized Cost of Energy (LCOE), making it an ideal solution for large-scale renewable integration and utility-scale energy storage.

Prevention-First Strategy for Ultra-Safety

Envision’s “Prevention First”  fire safety strategy is fully embodied in the EN 8 Pro.

• Multi-layer defence combining three levels of fire suppression with active and passive deflagration control for full fire protection from cell to system level.
• Patented Triple-Fuse Cell Technology -electrical, gas, and solid-state fuses greatly reduces cell-level thermal runaway risk, by interrupting electrical pathways, relieving pressure, and blocking ion transport.
• Early Fault Detection: AI-IoT diagnostics predict early failure warnings and continuous
• health insights for proactive intervention.
• Fully compliant with NFPA 855 and NFPA 68/69, the system delivers industry-leading protection under extreme conditions.

Lower LCOE and  HigherPerformance

• 26 % smaller footprint (4-hour system) and 12 % lower auxiliary power drive down LCOE.
• Quick-connect interface allows pack replacement in under one hour, minimising downtime.
• 700 Ah-plus cells provide > 8 MWh capacity with higher energy density and long service life.
• Precision SoC algorithms and millisecond-level data acquisition optimize energy management in real time.

Exceptional Environmental Adaptability

With IP55 protection, C5 anti-corrosion ratings, and low-noise technology — achieving 20dB quieter than typical industry standards, the EN 8 Pro thrives in harsh climates, sound-sensitive areas, urban centres, and industrial zones alike.

“In the race to net-zero, energy storage must be safer, smarter, and more efficient,” said Kevin Huang, Senior Vice President and President of Energy Storage Product Line at Envision Energy, “The EN 8 Pro is not just a product launch — it’s a leap forward in how we think about building a decarbonized, AI-driven energy system at scale. With industry-leading safety innovations, record energy density, and exceptional environmental resilience, the EN 8 Pro addresses the real challenges of the global energy transition. We are proud to debut it at Smarter E Europe 2025, a global stage where technology and action meet to accelerate a sustainable future.”

The EN 8 Pro  is poised to support utility-scale renewable integration, grid stabilization, and energy transition projects worldwide.

– End  –

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SOURCE Envision Energy

First Quarter 2025 Highlights (comparisons to first quarter 2024)

• Highest-ever first quarter revenue of $177.8 million, an increase of $22.5 million, or 14.5%
• Net loss of $19.4 million, or $0.64 net loss per diluted share attributable to common stockholders (LPS), and Adjusted Net Income¹ of $5.8 million, or $0.07 Diluted Adjusted Net Income per share¹ (Adj EPS)
• Highest-ever first quarter Consolidated Adjusted EBITDA¹ of $19.0 million, an increase of $2.1 million, or 12.5%
• Highest-ever first quarter operating cash flow of $5.5 million, an increase of $27.5 million
• Reported leverage ratio of 2.2x as of March 31, 2025, and significant liquidity of $294.2 million, including $30.3 million of cash and $263.9 million available under the revolving credit facility

Increased 2025 Guidance

• Increased expected full year 2025 Consolidated Adjusted EBITDA¹ to a range of $103.0 million to $110.0 million, from $101.0 million to $108.0 million previously
• Reaffirms expected full year 2025 revenue within a range of $735.0 million to $785.0 million
• Expects full year 2025 Consolidated Adjusted EBITDA¹ expansion and higher operating cash flow generation

Strategic Capital Allocation Update

• Announced inaugural stock repurchase program of up to $40.0 million
• Executed on capital allocation priorities and redeemed $60.0 million of preferred equity in April 2025

LITTLE ROCK, Ark., May 7, 2025 /PRNewswire/ — Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) is on a mission to help protect the air we breathe, the water we drink, and the soil that feeds us, and aims to enhance environmental stewardship and economic development. Today, the Company announced results for the first quarter ended March 31, 2025.

Montrose Chief Executive Officer and Director, Vijay Manthripragada, commented, “Our uniquely integrated portfolio of environmental science-based solutions and technology continues to position Montrose to exceed expectations. We reported our highest-ever first-quarter revenue, Consolidated Adjusted EBITDA, and operating cash flow. In November 2024, we announced an acquisition pause to focus on stated objectives—to deliver high-single-digit organic revenue growth, enhance margins, improve cash flow generation, prioritize redemption of the preferred shares, optimize our balance sheet, and maintain ample liquidity. Our first quarter performance demonstrates the initial benefits of this shift in our focus. Numerous tailwinds, which we expect to sustain, drove our strong results and underpin confidence in our strengthened 2025 guidance. Examples of key tailwinds include: our private sector clients’ increasing industrial activity, the impact of US state regulations on our private and public sector clients, and the strategic advantages of our integrated business model and service portfolio.”

Mr. Manthripragada continued, “Our exceptional team is dedicated to achieving our stated goals and enhancing stockholder value. We remain unwavering in our commitment to fostering economic growth while improving environmental stewardship.”

2025 Updated Guidance 

Montrose announced an increase in the expected 2025 Consolidated Adjusted EBITDA¹ range to $103.0 million to $110.0 million, from $101.0 million to $108.0 million previously. The increased range reflects an expansion of Consolidated Adjusted EBITDA¹ as a percentage of revenue.

Montrose reaffirmed its expected 2025 revenue range of $735.0 million to $785.0 million. This revenue range reflects key tailwinds and strong customer demand, despite macroeconomic and geopolitical uncertainty. The Company’s clients across diverse end markets have broadly maintained, and expect to continue to maintain, environmental compliance and stewardship objectives. Consistent with reaffirming revenue guidance, the Company also reiterated long term organic revenue growth expectations of 7% to 9% per year. Revenue and Consolidated Adjusted EBITDA¹ outlooks do not include any benefit from future acquisitions.

2025 guidance incorporates the anticipated impacts of recent announcements from the US EPA, changes in tariff policy announced to date, and broader macroeconomic and geopolitical factors. Montrose expects to be able to proactively address any future impact of tariffs on its project pricing and/or cost structure. Tariffs are not expected to impact Consolidated Adjusted EBITDA¹ as a percentage of revenue meaningfully. The Company’s earnings exposure to currency and interest rate fluctuations is significantly hedged. Montrose maintains a strong local presence and domestic workforce with unique technical capabilities across all key geographies. As a result, the effect of current geopolitical dynamics on client relationships has been minimal and is expected to remain so.

First Quarter 2025 Results

Total revenue in the first quarter of 2025 was $177.8 million compared to $155.3 million in the prior year quarter, an increase of 14.5%. The increase in revenue was primarily comprised of organic growth in the Remediation and Reuse and Measurement and Analysis segments of $17.8 million, and contributions from acquisitions of $13.5 million, partially offset by a $5.8 million reduction in the Assessment, Permitting and Response segment revenue due to several larger projects in the prior year period that did not repeat in the current year period, and a $1.8 million reduction in environmental emergency response revenue. Environmental emergency response revenues were $13.9 million and $15.7 million in the three months ended March 31, 2025, and 2024, respectively.

Net loss was $19.4 million, or $0.64 of LPS, in the first quarter of 2025, compared to net loss of $13.4 million, or $0.53 LPS, in the prior year quarter. The year-over-year change in net loss was primarily attributable to increases in interest and income tax expenses of $1.8 million and $2.4 million, respectively. The change in LPS was primarily attributable to the higher net loss, partially offset by a higher weighted average outstanding share count.

In the first quarter of 2025, Adjusted Net Income¹ and Adj EPS¹ were $5.8 million and $0.07, respectively, compared to the prior year Adjusted Net Income¹ of $8.4 million and Adj EPS¹ of $0.16, following the net loss and LPS trends.

In the first quarter of 2025, Consolidated Adjusted EBITDA¹ was $19.0 million, or 10.7% of revenue, compared to $16.9 million, or 10.9% of revenue, in the prior year quarter. The increase in Consolidated Adjusted EBITDA¹ was due to higher revenue driven by organic growth and acquisitions. The slight decline in Consolidated Adjusted EBITDA¹ as a percentage of revenue resulted primarily from normalized project margins in the Assessment, Permitting and Response segment and seasonality, partially offset by benefits from operating leverage in the Measurement and Analysis segment, and recent acquisitions. Consolidated Adjusted EBITDA¹ as a percentage of revenue for the full year 2025 is expected to exceed full year 2024.

Operating Cash Flow, Liquidity and Capital Resources

Net cash provided by operating activities for the quarter ended March 31, 2025, was $5.5 million compared to net cash used in operating activities of $22.0 million in the prior-year period. The $27.5 million increase related to improvement in working capital use of $20.1 million, primarily associated with a decrease in accounts receivable and contract assets driven by seasonally lower revenues from the fourth quarter of 2024 to the first quarter of 2025, as well as higher earnings before non-cash items.

Montrose previously disclosed delayed receivables from a large project related to a US Navy-owned facility for the City of Tustin, California (Tustin). As of this press release date, the remaining amount Tustin owes Montrose is approximately $7.5 million, compared to $13.5 million as reported in February of this year. The incremental $6.0 million was collected after the first quarter end, and therefore was not included in the reported first quarter operating cash flow. Montrose remains confident in the full collectability of the outstanding balance.

As of March 31, 2025, Montrose’s leverage ratio under the 2025 Credit Facility was 2.2x. As of March 31, 2025, Montrose had $294.2 million of liquidity, including $30.3 million of cash and $263.9 million of availability on the revolving credit facility.

On April 1, 2025, the Company redeemed $60.0 million in stated value of the Series A-2 Preferred Stock in cash, funded with cash on hand and borrowings under the 2025 Credit Facility.

Webcast and Conference Call

The Company will host a webcast and conference call on Thursday, May 8, 2025, at 8:30 a.m. Eastern time to discuss first quarter results. A question-and-answer session will follow the prepared remarks. A live webcast of the conference call will be available in the Investors section of the Montrose website at www.montrose-env.com. Alternatively, to participate on the day of the call, participants may access the live call by dialing 1-844-826-3035 in the United States or 1-412-317-5195 internationally approximately ten minutes before the call and requesting to join the Montrose First Quarter 2025 Earnings Conference Call. For those unable to listen to the live broadcast, an audio replay of the conference call will be available on the Montrose website for 30 days.

About Montrose

Montrose is a leading environmental solutions company focused on supporting commercial and government organizations as they deal with the challenges of today and prepare for what’s coming tomorrow. With ~3,400 employees across 120 locations worldwide, Montrose combines deep local knowledge with an integrated approach to design, engineering, and operations, enabling Montrose to respond effectively and efficiently to the unique requirements of each project. From comprehensive air measurement and laboratory services to regulatory compliance, environmental emergency response, permitting, engineering, and remediation, Montrose delivers innovative and practical solutions that keep its clients on top of their immediate needs – and well ahead of the strategic curve. For more information, visit www.montrose-env.com.

Forward‐Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as “intend,” “expect”, and “may”, and other similar expressions that predict or indicate future events or that are not statements of historical matters. Forward-looking statements are based on current information available at the time the statements are made and on management’s reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company’s control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. Additional factors or events that could cause actual results to differ may also emerge from time to time, and it is not possible for the Company to predict all of them. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Investors are referred to the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2024, for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement.

Contact Information:

Investor Relations:
Adrianne D. Griffin
Senior Vice President, Investor Relations and Treasury
(949) 988-3383
ir@montrose-env.com

Media Relations:
Tammy Hovey
Director, Corporate Communications
(917) 520-2751
pr@montrose-env.com

Non-GAAP Financial Information 

In addition to our results under GAAP, in this release we also present certain other supplemental financial measures of financial performance that are not required by, or presented in accordance with, GAAP, including, Consolidated Adjusted EBITDA, Adjusted Net Income and Basic and Diluted Adjusted Net Income per Share. We calculate Consolidated Adjusted EBITDA as net income (loss) before interest expense, income tax expense (benefit) and depreciation and amortization, adjusted for the impact of certain other items, including stock-based compensation expense and acquisition-related costs, as set forth in greater detail in the table below. We calculate Adjusted Net Income as net income (loss) before amortization of intangible assets, stock-based compensation expense, fair value changes to financial instruments and contingent earnouts, discontinued specialty lab, and other gain or losses, as set forth in greater detail in the table below. Basic and Diluted Adjusted Net Income per Share represents Adjusted Net Income attributable to stockholders divided by the fully diluted number of shares of common stock outstanding during the applicable period.

Consolidated Adjusted EBITDA is one of the primary metrics used by management to evaluate our financial performance and compare it to that of our peers, evaluate the effectiveness of our business strategies, make budgeting and capital allocation decisions and in connection with our executive incentive compensation. Adjusted Net Income and Basic and Diluted Adjusted Net Income per Share are useful metrics to evaluate ongoing business performance after interest and tax. These measures are also frequently used by analysts, investors and other interested parties to evaluate companies in our industry. Further, we believe they are helpful in highlighting trends in our operating results because they allow for more consistent comparisons of financial performance between periods by excluding gains and losses that are non-operational in nature or outside the control of management, and, in the case of Consolidated Adjusted EBITDA, by excluding items that may differ significantly depending on long-term strategic decisions regarding capital structure, the tax jurisdictions in which we operate and capital investments.

These non-GAAP measures do, however, have certain limitations and should not be considered as an alternative to net income (loss), earnings (loss) per share or any other performance measure derived in accordance with GAAP. Our presentation of Consolidated Adjusted EBITDA, Adjusted Net Income and Basic and Diluted Adjusted Net Income per Share should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items for which we may make adjustments. In addition, Consolidated Adjusted EBITDA, Adjusted Net Income and Basic and Diluted Adjusted Net Income per Share may not be comparable to similarly titled measures used by other companies in our industry or across different industries, and other companies may not present these or similar measures. Management compensates for these limitations by using these measures as supplemental financial metrics and in conjunction with our results prepared in accordance with GAAP. We encourage investors and others to review our financial information in its entirety, not to rely on any single measure and to view Consolidated Adjusted EBITDA, Adjusted Net Income and Basic and Diluted Adjusted Net Income per Share in conjunction with the related GAAP measures.

Additionally, we have provided estimates regarding Consolidated Adjusted EBITDA for 2025. These projections account for estimates of revenue, operating margins and corporate and other costs. However, we cannot reconcile our projection of Consolidated Adjusted EBITDA to net income (loss), the most directly comparable GAAP measure, without unreasonable efforts because of the unpredictable or unknown nature of certain significant items excluded from Consolidated Adjusted EBITDA and the resulting difficulty in quantifying the amounts thereof that are necessary to estimate net income (loss). Specifically, we are unable to estimate for the future impact of certain items, including income tax (expense) benefit, stock-based compensation expense, fair value changes and the accounting for the Series A-2 Preferred Stock. We expect the variability of these items could have a significant impact on our reported GAAP financial results.

In this release we also reference our organic growth. We define organic growth as the change in revenues excluding revenues from i) our environmental emergency response business, ii) acquisitions for the first twelve months following the date of acquisition, and iii) businesses held for sale, disposed of or discontinued. Management uses organic growth as one of the means by which it assesses our results of operations. Organic growth is not, however, a measure of revenue growth calculated in accordance with U.S. generally accepted accounting principles, or GAAP, and should be considered in conjunction with revenue growth calculated in accordance with GAAP. We have grown organically over the long term and expect to continue to do so.

In a given reporting period, when we refer to revenue changes driven by acquisitions, we are referring to the revenue contribution from any acquisition from its closing date through the first 12 months of that acquisition, at which point any subsequent contribution therefrom would be organic. 

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SOURCE Montrose Environmental Group, Inc.

EAST GRANBY, Conn., May 7, 2025 /PRNewswire/ — Kinsley Energy Systems, a leader in onsite power solutions with a 60-year legacy in the energy industry, announces a new partnership with Mainspring Energy to deliver linear generators to commercial and industrial businesses and other high-demand facilities across the Northeast, mid-Atlantic and beyond. This collaboration combines Kinsley’s unmatched onsite energy expertise and field service capabilities with Mainspring’s innovative linear generator technology.

This partnership arrives at a crucial time as the nation grapples with reducing high electricity costs, replacing aging infrastructure and meeting state emissions reduction goals. Kinsley’s role has always been to deliver when the grid cannot—from deploying emergency power during snowstorms and hurricanes to providing the only field service response team in the region with a guaranteed response time of 4-hours or better.

With the addition of Mainspring’s modular linear generator, Kinsley expands its energy portfolio with a highly efficient, dispatchable, and fuel-flexible solution that runs on renewable natural gas, hydrogen, and other gaseous fuels while maintaining near-zero NOx emissions. This offering provides businesses reliable, cost-effective on-site power that also meets emissions reductions goals.

A Game-Changing Power Solution

Kinsley has built its reputation by identifying the safest, most efficient, and most forward-thinking technologies in the market. Mainspring’s linear generator is a perfect fit—combining operational savings with emissions reductions.

“Our customers rely on Kinsley to find innovative ways to meet their environmental goals while maintaining operational efficiency and financial performance,” said Kurt West, VP of Kinsley Energy Systems. “Mainspring’s technology is a game-changer, providing a flexible, high-efficiency solution that allows businesses to take control of their energy future. We’re thrilled to add linear generators to our portfolio and accelerate deployment to our customers.”

A Partnership of Innovation and Stability

Mainspring’s linear generator technology offers unmatched fuel flexibility, efficiency, and grid resilience—addressing the most pressing challenges in today’s energy landscape.

“Our partnership with Kinsley Energy Systems represents a major step forward in making our technology accessible to a broader range of high-energy users,” said Wissam Balshe, Senior Director of Channel Partnerships at Mainspring. “With Kinsley’s decades of experience, deep relationships, and proven ability to deliver, we’re confident this partnership will bring meaningful solutions to energy challenges.”

Founded in 2010, Mainspring Energy manufactures and delivers innovative, flexible, low-emissions, modular power generators that rapidly add new power capacity and deliver reliable, affordable, low-emissions electric power. Mainspring began commercial shipments of its linear generators in 2020 and today has hundreds of megawatts in field operations and advanced development for leading Fortune 500 companies, data center developers, and utilities.

About Kinsley Energy Systems

Kinsley Energy Systems (KES) provides innovative solutions and services to address the country’s energy infrastructure and environmental challenges. KES is part of Kinsley Group—one of the nation’s premier on-site power providers for 60 years. Drawing on this legacy of excellence, KES focuses on solving ever-evolving energy demands with comprehensive solutions that enhance resiliency, reduce operational costs and lower carbon emissions.

KES is behind some of the country’s most successful sustainable on-site energy projects and brings Kinsley’s commitment to exceptional customer service to advanced commercial and industrial turnkey microgrids. With a strong energy solutions focus and decades of experience, KES is dedicated to helping businesses achieve their energy goals through sustainable, reliable, and innovative solutions.

For more information on how Kinsley Energy Systems and Mainspring Energy can help your business achieve energy independence and sustainability, please visit us here.

Media Contacts:

Kinsley Energy Systems
Nathan Hardt
Market Engagement Manager
959.262.4610
nhardt@kinsleyenergy.com

Mainspring Energy
Maria Amundson
Chief Communications Officer
media@mainspringenergy.com

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SOURCE Kinsley Energy Systems

The NDC Partnership launched an interactive online tool — the Climate Investment Planning and Mobilization Framework that prepares countries to unlock and channel climate finance.

WASHINGTON, May 7, 2025 /PRNewswire/ — With input and expertise from 115 countries, implementing partners and public and private finance institutions, the NDC Partnership launched the “Climate Investment Planning and Mobilization Framework” (CIPMF) online tool designed to help countries unlock and channel climate finance.

As countries develop climate pledges, or Nationally Determined Contributions (NDCs), this year, they aim to rapidly transition from planning to implementing their priority actions. Yet, insufficient access to climate finance remains a chief constraint — compounded by recent shifts in the financing landscape. In this context, countries will need clear investment plans to inform conversations with financiers and investors.

NDC Partnership Global Director Pablo Vieira: “The climate finance landscape is complex and fragmented, making it difficult for countries to access and effectively leverage available resources. To translate their climate goals into clear plans and bankable projects, countries must be prepared to strategically engage financial actors. This requires a clear understanding of where gaps exist in national climate finance knowledge, capacity and planning — and a coordinated effort to close them, unlocking access to public, private and blended finance.”

The CIPMF is built on the premise that countries will need to align the whole-of-government, including planning and finance ministries, national development banks, central banks and the private sector to expand the amount, quality and impact of financing available. With this tool, and NDC Partnership support, countries can clearly articulate their priorities and needs to technical partners, financiers and investors.

The climate finance gap is evidenced by country requests for support to the NDC Partnership, a global coalition of more than 240 countries and institutions. Finance is the most frequently requested type of support to the NDC Partnership, with 90% of developing countries requesting some form of finance-related support from across its membership.

In response to country demand for finance support, the NDC Partnership and Green Climate Fund (GCF) launched a working draft of the CIPMF in 2023 at COP28 in Dubai with input from a range of actors, including private and public institutions and country representatives. By creating a common reference point, the guide supported countries to navigate the complexities of climate investment and strategically mobilize investments to achieve their climate objectives.

Building on this guidance, the CIPMF online tool is a first-of-its kind resource that outlines six key stages across the climate investment planning and resource mobilization process.

Learn more and access the new tool here.

More About the Climate Investment Planning and Mobilization Framework Online Tool

Allowing flexible user-entry points for countries at different stages of the finance planning process, the CIPMF enables countries to identify climate finance needs and gaps, develop finance strategies and project plans and map support providers and finance opportunities — tailored to their national contexts.

The CIPMF promotes evidence-based decision-making in response to country-stated needs, including via specialized supplements around key thematic priorities.

About the NDC Partnership    

The NDC Partnership is a global coalition, bringing together more than 240 members, including more than 130 countries, developed and developing, and more than 100 institutions to deliver on ambitious, transformational climate action that helps achieve the Paris Agreement and drive sustainable development.

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SOURCE NDC Partnership