nZero, the 24/7 and on-demand carbon management platform that operationalises energy, financial, and greenhouse gas emissions data, has announced that it has acquired an affiliate of Digital Infrastructure Partners. The new subsidiary, nZero Ltd., will be part of nZero.
Building on the month-over-month 20 per cent growth exhibited in 2021, nZero says that the acquisition will help further accelerate its impact in Europe and provide on-the-ground support to help European companies to meet their carbon reduction goals. The new European office will be based in London and led by Digital Infrastructure Partners founders Steve Foley and Dan Scarbrough, who will focus on reaching new European customers and expanding relationships with current nZero customers who have a presence overseas.
According to Digital Infrastructure Partners, the business has a proven history of growing and scaling companies internationally and brings deep relationships in key international markets to help support nZero’s growth plans.
“Our mission is to help companies meet their carbon reduction goals through accurate emissions data that leads to smart decisions, and this offering is relevant for companies of all industries from every corner of the world,” said Adam Kramer, CEO of nZero.
“This expansion further into the United Kingdom and Europe brings us one step closer to our vision of a global network of clients who are making a measurable impact in halting the damaging effects of climate change. We applaud the UK and the E.U. for their progressive carbon reduction goals and policies, and we are confident that our 24/7 emissions tracking software will help this region take more informed action.”
European countries have set some of the world’s most ambitious climate change targets. The UK government has pledged to cut carbon emissions by 78 per cent by 2035 compared to 1990 levels, bringing the region more than three-quarters of the way to achieving net-zero by 2050. Meanwhile, the European Union has set a goal to lower greenhouse gas emissions by at least 55 per cent by 2030, setting the region on a path to become climate neutral by 2050. Specifically, European data centre operators and trade associations have pledged to make data centres climate neutral by 2030, a goal that nZero says will only be achievable with tools that enable 24/7, accurate emissions tracking.
“European companies, particularly in the data centre industry, have been clamoring for accurate data and cost visibility related to carbon emissions, and as a company founded on supporting the zero-carbon transition, we have been searching for a solution that allows companies to accurately benchmark the start of their journey. Joining forces with nZero finally allows us to bring this invaluable resource to our network”, said Steve Foley, Director at nZero Ltd.
“We believe there is no mission more important than transitioning all business sectors towards zero-carbon emissions, and we are confident this freshly-expanded nZero team will help Europe make faster progress towards its commendable climate change ambitions.”
nZero has already contracted with its first European customers and has also strengthened its leadership team to further support the expansion.