Google and energy producer Constellation Energy announced a series of new agreements, including a 20-year power purchase agreement (PPA) enabling investments of more than $4.3 billion, and adding 890 MW of new nuclear energy to the U.S.’ PJM grid. The deal marks the latest in a series of deals between Constellation and major technology companies enabling the expansion of U.S. nuclear…
Fusion energy technology startup Type One Energy announced today that it has raised $200 million in a Series B funding round, with proceeds aimed at advancing the company’s stellarator technology and advancing towards the world’s first commercial fusion plant. Fusion, the process of combining two atoms to form a single atom to release energy, has been long referred to as…
MUFG Bank announced today the launch of its Green Deposits offering in the EU, aimed at enabling corporate clients to allocate funds to environmentally sustainable projects. Introduced in the U.S. in 2021, and in the UK in 2023, MUFG’s Green Deposit solution allow clients to place term deposits with the bank, which are in turn used to effectively finance assets…
Renewable energy producer Rezolv Energy announced that it has secured a financing package of up to €561 million (USD$630 million) to take its 1.3GW Dama Solar project in Romania into construction. Spanning more than 1,000 hectares anticipate to generate around 1,800 GWh of clean power annually, the solar farm will become the largest onshore renewable energy project in the EU,…
A significant majority of companies continued to increase their investments in sustainability initiatives over the past year, with investments in sustainability becoming more focused and financially driven, according to a new survey released by global professional services firm Deloitte. The increased investment comes as companies see significant financial value from their initiatives, with more than three quarters of executives reporting…
Industrial decarbonization startup Reclinker announced that it has raised £10 million (USD$13 million) in a Series A funding round, with proceeds aimed at commercializing its low-carbon cement recycling technology. Cement currently accounts for approximately 8% of global carbon dioxide emissions, with over 900 kg of CO2 emissions generated for every 1,000 kg of material produced. Conventional cement contains an average…
The Government of the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR) announced the pricing of approximately HK$20 billion (USD$2.6 billion) of digital green bonds, setting a new record for the largest-ever digital bond issuance in the world to date. A digital green bond, or a tokenized green bond, is a green bond that is represented…
Guest post by: Sebastian Leape, CEO of Natcap Data centres have become one of the more visible environmental consequences of the AI boom. Their appetite for electricity is rising sharply. Some use millions of litres of water a day. New projects are large enough to strain power grids that were never designed for such concentrated demand. The concern is real,…
A coalition of 21 state Attorneys General* announced the launch of a new court challenge aimed at striking down the Trump administration’s recent repeal of rules designed to significantly reduce greenhouse gas (GHG) emissions from fossil fuel-based power plants. The coalition, led by New York AG Letitia James warned that the administration’s move will eliminate one of the U.S.’ key…