Bloomberg Buys Green Data Provider New Energy Finance
Bloomberg, the news and financial data provider, has acquired New Energy Finance, one of the pioneer renewable energy market research firms, in a bid to meet growing demand for renewable energy news and data as global clean tech investments are surging.
The two companies did not disclose financial terms. Bloomberg, one of the few media companies that’s doing well these days, is on a buying spree, having just purchased BusinessWeek.
New Energy Finance was launched in 2004 to provide both news and data tracking carbon trading and clean energy investments.
Established, institutional companies want exposure to the growing renewable energy market. Last month J.P. Morgan snatched EcoSecurities, primarily a carbon emission reduction and trading firm, which also provided some market research and data.
Is the New Energy Finance brand staying or will it be fully integrated into the Bloomberg platform? The latter is likely, given the strength of the Bloomberg brand. We’ve got calls out on that.
In a prepared statement , Bloomberg President Daniel Doctoroff said:
The acquisition of New Energy Finance allows us to leverage these core skills and deliver transparency to the very dynamic carbon and clean energy markets.
