17 January 2018
visit www.avoka.com

Bloomberg buys energy data provider

10 December 2009  |  7874 views  |  0 Chimneys

Bloomberg has acquired New Energy Finance, a UK-based provider of news, data and analysis on renewable energy, carbon markets and nuclear power. Financial terms of the deal were not disclosed.

New Energy Finance offers subscription-based news, data and research to banks, private equity and venture capital investors and others involved in clean energy and the carbon markets.

Founded in 2004, the firm has over 130 staff based in London, Washington DC, New York, San Francisco, Beijing, Shanghai, New Delhi, Hyderabad, Cape Town, Sao Paulo, Sydney and Perth.

Peter Grauer, chairman, Bloomberg, says: "Carbon and clean energy issues touch every segment of the global economy, and are of increasing importance to our customers. Bloomberg's vision is to be the leader in information, analytics and trading architectures to support low-carbon energy solutions."

Guy Turner, director, carbon market research, New Energy Finance, adds: "Global carbon markets are here to stay. This year will see trading volume of around $120 billion, and we expect this figure to grow to approximately $2 trillion by 2020. New Energy Finance's carbon market models are the most trusted in the world, and working with Bloomberg we will be able to get them where they are needed - into the hands of traders and other market players."

The acquisition comes just weeks after Bloomberg closed on the deal to buy ailing magazine publisher BusinessWeek. In a video interview with the FT on the day the deal completed, Bloomberg chairman Peter Grauer promised a round of aggressive investment as the privately-owned data group sought to broaden its business portfolio. The company had recently looked at 70 investment opportunities, he said, and would fund "a considerable amount of them".

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bloomberg smashes proprietary identifier market

Bloomberg smashes proprietary identifier market

04 November 2009  |  14856 views  |  1 comments
Thomson Reuters, Bloomberg on media acquisition trail

Thomson Reuters, Bloomberg on media acquisition trail

15 October 2009  |  6092 views  |  0 comments
Market data rivals battle for share of wallet as terminal sales wilt

Market data rivals battle for share of wallet as terminal sales wilt

06 August 2009  |  10898 views  |  0 comments
Merrill to sell Bloomberg stake for $4.4 billion

Merrill to sell Bloomberg stake for $4.4 billion

17 July 2008  |  10240 views  |  0 comments

Related company news


Related company information


Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.capgemini.comvisit www.thomsonreuters.info

Who is commenting?

Top topics

Most viewed Most shared
Buffett rubbishes cryptocurrencies; South Korea preps exchange crackdownBuffett rubbishes cryptocurrencies; South...
11754 views comments | 16 tweets | 17 linkedin
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
9915 views comments | 32 tweets | 35 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
9683 views comments | 17 tweets | 18 linkedin
Exchanges call for global fintech standardsExchanges call for global fintech standard...
9385 views comments | 17 tweets | 13 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9268 views comments | 14 tweets | 16 linkedin

Featured job

Competitive base + commission
New York City, NY - USA

Find your next job