Commonwealth Fusion Systems (CFS) announced it that it has raised $863 million in a Series B2 fundraising round, with proceeds from the financing aimed at accelerating the company’s path to commercializing fusion energy. The company said it will use the capital to complete its fusion demonstration machine under construction in Massachusetts and continue development on its first grid-scale fusion power…
Singapore Delays Climate Reporting Requirements to Give Smaller Companies More Time to Prepare
Singapore’s business reporting, accounting and corporate services and markets regulators the Accounting and Corporate Regulatory Authority (ACRA) and Singapore Exchange Regulation (SGX RegCo) announced significant changes in the timelines for the implementation of most mandatory climate-related reporting requirements for companies, including delaying some disclosures for small and mid-sized companies by up to five years. While all listed companies will still…
Planetary Signs $31 Million Ocean Carbon Removal Deal with Buyers Including Google, Stripe, H&M
Carbon removal buyer coalition Frontier announced that it has facilitated carbon removal offtake agreements of more than $31 million with Ocean Alkalinity Enhancement (OAE) technology company Planetary, from buyers including Stripe, Google, Shopify, and McKinsey Sustainability, Autodesk, H&M Group, and Workday. Under the new agreements, Planetary will deliver 115,000 tons of carbon removals between 2026 and 2030, generated through a…
Amazon Partners to Power AI Infrastructure in U.S. with Advanced Nuclear Energy
Amazon, nuclear technology company X-Energy, power provider Korea Hydro & Nuclear Power Corporation (“KHNP”), and energy solutions and equipment provider Doosan Enerbility announced the launch of a new strategic partnership, aimed at scaling the deployment of advanced nuclear reactors to help meet growing the power demands from data centers and AI infrastructure in the U.S. The new partnership follows a collaboration…
Net Zero Banking Alliance Pauses Activities
The Net-Zero Banking Alliance (NZBA), a UN-backed banking sector coalition dedicated to advancing global net zero goals through their financing activities, announced that it has paused its activities following a series of high-profile departures from its ranks, and has proposed a significant restructuring, including dropping its format as a membership-based alliance. The NZBA said that it has initiated a member…
Top biodiversity stocks to watch
The degradation of nature in the UK will cut 4.7% off GDP within the next decade if businesses do not make a greater effort to invest in these solutions and slow down the decline, according to a report. Published by the Green Finance Institute and WWF, the report Business Investment in Nature: Supporting UK Economic Resilience and Growth also found the…