Google and energy storage startup Energy Dome announced an agreement to construct a 23 MW/200 MWh energy storage plant in Ireland, marking the first commercial project under the companies’ strategic partnership aimed at scaling Energy Dome’s CO2 Battery technology globally. The new project will be developed at a former thermal power station near Rhode, Ireland, and forms part of a…
Investment data and research provider MSCI announced on Wednesday the acquisition of climate risk financial modelling provider First Street, with the transaction aimed at enhancing MSCI’s global physical climate risk capabilities. Under the terms of the transaction, MSCI will pay $120 million in cash for First Street upon closing, with the potential for additional cash payments during the first two…
The European Council announced an agreement by EU member states on its negotiating position on proposed changes to the Sustainable Finance Disclosure Regulation (SFDR), the EU’s key legislation setting out how financial market participants have to disclose sustainability information, and aimed at helping investors to more easily identify and compare sustainability-focused investment products and invest in line with their sustainability…
Retail giant Walmart announced that it has signed long-term nuclear power purchase agreement (PPA) with energy provider Constellation Energy for the production of approximately 176 MW of emissions-free electricity from Constellation’s Dresden Clean Energy Center in Illinois. Under the agreement, which consists of two 15-year contracts beginning in 2029 and 2030, Walmart will purchase electricity, capacity, and associated environmental attributes from…
Swedish green iron and steel maker Stegra announced that it has closed a €1.4 billion (USD$1.6 billion) financing round, enabling the company to complete the construction of the world’s first large-scale green steel plant in Boden, Sweden. The completion of the financing will provide a major lifeline to the project, which had slowed development pending the outcome of the financing…
Amazon announced that it has become water positive in India, achieving its goal of returning more water to communities than it consumes across its direct operations, including data centers, corporate offices, and fulfillment centers, one year ahead its 2027 goal. The announcement comes as Amazon continues to expand its presence in India, where the company has committed to invest more…
The LEGO Group announced the launch of construction of its largest solar park to date near its headquarters in Billund, Denmark, anticipated to generate enough renewable electricity to match 100% of the company’s total electricity consumption in Billund. The company has several sites in Billund, including its LEGO Campus, the Kornmarken manufacturing plant, Our LEGO Agency (OLA) in-house creative agency,…
Industrial certification provider Isometric announced that it has raised $40 million in a Series A funding round, as the company seeks to extend its AI-powered certification platform, focused to date primarily on carbon markets, across the industrial economy. According to Isometric, the new funding comes as industrial sectors face growing complexity in certification and compliance processes, with AI, automation, and…
EU banking supervisor The European Banking Authority (EBA) announced the publication of its finalized draft Implementing Technical Standards (ITS) updating Pillar 3 disclosure requirements on ESG risks for banks, including significant simplification and streamlining of requirements for large banks, while for the first time extending the scope of ESG reporting requirements – in a proportionate manner – to all banks,…