Battery manufacturer Northvolt announced plans to build a new gigafactory near Montreal, Canada, with investment in the first phase of the project to begin operations in 2026 anticipated to reach US$5 billion. The project marks Northvolt’s first gigafactory outside of Europe. Founded in 2016, Sweden-based Northvolt has pioneered a sustainable model for battery manufacturing, with a goal to deliver batteries…
Nature Action 100, an investor engagement initiative with 190 institutional investors representing nearly $24 trillion in assets announced its list of 100 companies to be targeted in a campaign aimed at driving corporate action to address nature loss and biodiversity decline. Companies targeted by the campaign include Amazon, McDonald’s, Nestlé, Walmart and Glencore. According to Nature Action 100, companies were…
Steel manufacturer Nucor and clean energy startup Helion announced an agreement to develop a 500 MW fusion power plant at a U.S.-based Nucor steel manufacturing facility, providing the facility with zero-carbon electricity. According to the companies, the collaboration marks the first fusion energy agreement of this scale, and a significant milestone towards industrial decarbonization. Nucor also announced a $35 million…
Many companies have raised concerns with the U.S. Securities and Exchange Commission’s (SEC) plans to include Scope 3 emissions – those originating in areas outside of a company’s control, including the supply chain – as part of the reporting requirements under the Commission’s upcoming climate disclosure rule, according to testimony given on Wednesday by SEC Chair Gary Gensler to the…
HVAC and climate control solutions company Trane Technologies announced today the launch of Trane® Autonomous Control Powered by BrainBox AI, a new artificial intelligence and cloud-based building systems optimization tool aimed at helping building owners to accelerate decarbonization and reduce energy consumption. Buildings are a significant contributor to GHG emissions, accounting for around 15% of global emissions, and one of…
Large-scale clean energy project developer InterContinental Energy, announced today that it received $115 million, including a continued strategic equity investment from institutional investor GIC, and a new equity investment from Hy24. InterContinental will use the investment to accelerate the deployment of its portfolio of green hydrogen projects. The company is developing projects, based in Australia and the Middle East, and…