Automotive giant Toyota announced plans to dramatically increase its electric vehicle battery capacity in the U.S., with an additional $8 billion investment in its North Carolina battery production plant. With the new announcement, the company’s commitment to the facility grows to nearly $14 billion, marking one of the largest-ever investments in U.S. EV battery capacity. Toyota announced an initial $2.3…
Global mining and metals company Rio Tinto and energy and telecom cable manufacturer Prysmian announced a new partnership aimed at developing a more sustainable North American supply chain for materials needed to expand power grids for the energy transition. According to the companies, the new partnership comes as significant investments in power grids will be required to enable the growing…
Investment management firm Fidelity International announced the launch of two new climate-focused fixed income ETFs, the Fidelity Sustainable EUR Corporate Bond Paris Aligned Multifactor UCITS ETF (FUIG) and the Fidelity Sustainable USD Corporate Bond Paris Aligned Multifactor UCITS ETF (FEIS) marking an expansion of the firm’s sustainable corporate bondfund lineup. Indices that are labelled as Paris-aligned Benchmarks (PABs) under EU…
The EIB Group (European Investment Bank, EIB, and European Investment Fund, EIF) and BNP Paribas announced a “green securitization” agreement today, aimed at financing home energy efficiency investments and supporting the transition to climate neutrality. Under the new agreement, the EIB Group has invested €400 million from the EIB and €50 million from the EIFin senior and mezzanine tranches of…
Luxury sports car manufacturer Porsche AG announced today a new agreement with Swedish startup H2 Green Steel to supply up to 35,000 tonner per year of low-carbon steel, aimed at reducing the emissions footprint of Porsche vehicles. With shipments beginning in 2026, the agreement will account for a significant proportion of Porsche’s steel supply, with the company’s total steel usage…