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Green Steel Startup Stegra Signs Multi-Year Supply Deal with thyssenkrupp

Green Steel Startup Stegra Signs Multi-Year Supply Deal with thyssenkrupp

thyssenkrupp Materials Processing Europe announced that it has signed a multi-year agreement with Swedish green iron and steel maker Stegra to purchase non-prime steel from Stegra’s new facility in Boden, Sweden. Stegra, founded in 2020, is developing its first large-scale green steel plant in Sweden. The company produces steel using hydrogen derived from renewable electricity and fully renewable energy sources…

Aether Fuels Raises $15 Million to Build New SAF Plant in Singapore

Aether Fuels Raises $15 Million to Build New SAF Plant in Singapore

Sustainable fuels technology company Aether Fuels announced it has raised $15 million in convertible note financing, with proceeds aimed at accelerating the development of its first commercial-scale sustainable aviation fuel (SAF) facility in Singapore. Founded in 2022, Aether is developing technology aimed at decarbonizing aviation and maritime transport through the production of sustainable liquid fuels. The company’s Aurora technology creates…

Ørsted Appoints Anders Johannes Enghild as Head of Global Sustainability

Ørsted Appoints Anders Johannes Enghild as Head of Global Sustainability

Denmark-based energy developer Ørsted has appointed Anders Johannes Enghild as its new Head of Global Sustainability, responsible for leading its team of climate, nature, and community impact specialists in enhancing the integration of sustainability into the company’s renewable energy projects. Enghild takes on the new position after more than 5 years at Ørsted, most recently serving as Head of Climate,…

Diginex Acquires Carbon Accounting Platform Plan A for $64 Million

Diginex Acquires Carbon Accounting Platform Plan A for $64 Million

Sustainability RegTech company Diginex announced a definitive agreement to acquire carbon measurement, reporting and reduction software provider PlanA.earth GmbH (Plan A), in a move aimed at expanding its capabilities to provide end-to-end ESG reporting and sustainability solutions. As part of the agreement, Diginex will pay total consideration of €55 million (USD$64 million), including €55 million in shares and €3 million…

U.S. Clean Energy Platform Aspen Power Raises $200 Million from Deutsche Bank

U.S. Clean Energy Platform Aspen Power Raises $200 Million from Deutsche Bank

Clean energy platform Aspen Power announced today the closing of a $200 million capital raise provided by Deutsche Bank, with proceeds from the financing aimed at accelerating its development of distributed solar and storage projects across the U.S. Founded in 2020, New York-based Aspen Power is a distributed energy generation platform focused on helping to decarbonize the grid and provide…

Meta Unveils Series of Major Nuclear Energy Deals to Power U.S. Data Centers, Support Clean Energy Goals

Meta Unveils Series of Major Nuclear Energy Deals to Power U.S. Data Centers, Support Clean Energy Goals

Facebook, Instagram, and WhatsApp owner Meta announced that it has signed a series of large-scale nuclear power agreements, supporting up to 6.6 GW of energy by 2035 and enabling the social media and technology giant to help meet the energy demand of its rapidly growing data center footprint in the U.S., while maintaining progress on its clean energy and sustainability…

Short Term Is A Problem

When one is looking at recent health and safety disasters, it’s best to start with the root of the problem: profit.  Of course, even outfits that call themselves non-profit have to take in at least as much as they spend.  Profit becomes a problem when, especially in the short term, it becomes the only consideration. Concerns over short term profit…

ESG Today: Week in Review

ESG Today: Week in Review

This week in ESG news: China releases corporate climate reporting standard; Trump pulls U.S. out of major UN climate treaty; JPMorgan stops using proxy advisors for voting, using new AI platform instead; Philippines launches mandatory sustainability reporting standards; Standard Chartered raises €1 billion in inaugural green bond offering; Ørsted, Equinor sue Trump administration for halting near-complete, multi-billion dollar offshore wind…

Meta Signs Deal with Bill Gates’ TerraPower to Build up to 8 Advanced Nuclear Reactors in U.S.

Meta Signs Deal with Bill Gates’ TerraPower to Build up to 8 Advanced Nuclear Reactors in U.S.

Nuclear technology company TerraPower and Facebook, Instagram, and WhatsApp owner Meta announced a new agreement to build up to 8 advanced nuclear reactors utilizing TerraPower’s “Natrium” technology, supporting Meta’s growing energy needs and sustainability goals with a new source of as much as 2.4 GW of carbon-free energy. Launched in 2008 by Bill Gates, Nathan Myhrvold and Gilleland, TerraPower is…