UK-based power company National Grid announced an agreement to sell its U.S. onshore renewables business, National Grid Renewables to Brookfield Asset Management, in a deal valuing the business at an enterprise value of $1.735 billion. National Grid Renewables develops, constructs and operates renewable energy production and storage projects across several states in the U.S. The company’s portfolio includes 1.8GW in operation…
UK-based power company National Grid announced an agreement to sell its U.S. onshore renewables business, National Grid Renewables to Brookfield Asset Management, in a deal valuing the business at an enterprise value of $1.735 billion. National Grid Renewables develops, constructs and operates renewable energy production and storage projects across several states in the U.S. The company’s portfolio includes 1.8GW in operation…
Sustainable packaging technology company Pulpex announced that it has raised £62 million (USD$78 million) $78 million in a series D funding round, with proceeds to be used to scale production of its recyclable paper-based bottles, which can replace plastic and glass bottles. Launched in 2020, UK-based Pulpex is an R&D collaboration between Pilot Lite and Diageo together with a group…
Despite the promises, food costs, including eggs and other staples, remain high. From grocery store shelves to dining out, food prices are climbing, and it’s not just affecting families on a tight budget. Meal planning and grocery shopping are ever more challenging, and nearly everyone (except the uber-rich) is looking for ways to navigate rising food prices. Food prices are unlikely…
IKEA parent INGKA Group announced that is has adjusted one of its climate goals, replacing its target to reach 100% emission-free home deliveries by 2025, with a new ambition to achieve more than 90% of home deliveries made by zero-emissions vehicles by 2028, citing a variety of factors including a rapid increase in online orders, and the availability of electric…
Carbon data provider Sylvera announced that it has launched its first durable carbon dioxide removal (CDR) ratings, with the introduction of ratings for biochar projects on its platform. Biochar, or biological charcoal, is produced by heating biomass, such as forest residue, wood or crop waste, in the absence of oxygen, creating a stable form of carbon, which when buried in…
Expanding power needs driven by the ongoing growth in AI, alongside other structural shifts such as electrification, will continue to create investment opportunities in the infrastructure and utilities sectors, and even further growth in energy transition investment, according to a new report released by the BlackRock Investment Institute. The report forecasts that the power demand for AI will continue to…