Microsoft and Constellation Energy announced a new power purchase agreement enabling the restart of the Three Mile Island Unit 1 nuclear reactor in Pennsylvania, adding approximately 835 MW of carbon-free energy to the 13-state PJM grid. Under the new 20-year agreement, Microsoft will purchase energy from the renewed plant to help match the power its data centers in PJM with…
Hey everyone! Luke (CCO) here writing about New York Climate Week! New York City’s annual Climate Week has emerged as a pivotal platform for global climate action. Launched in 2009, this event brings together leaders from around the world to discuss and accelerate climate solutions. Held during the United Nations General Assembly, Climate Week offers a unique opportunity for policymakers, businesses,…
Demand growth for green workforce skills is outpacing the increase in supply, as companies and countries globally begin to take action on implementing their climate and sustainability-related commitments, with current trends indicating that there will be more than twice as many jobs requiring green skills as there will be qualified workers available to fill those roles, according to new research…
The UK Chancellor’s recent announcement of stricter regulations for ESG rating agencies marks a significant development in the corporate landscape. This follows the EU’s recent adoption of “Regulation on the Transparency and Integrity of Environmental, Social and Governance (ESG) Rating Activities” or “ESGR”. Both the UK and EU hope this will increase the consistency and transparency of ESG ratings. The…
This week in ESG news: ING ends financing for companies developing new oil and gas projects; Deloitte launches sustainability and AI workforce upskilling academies; MSCI launches carbon credit ratings; report finds companies are quietly accelerating climate action; Apple reduces carbon footprint of iPhone; investor coalition calls for mandatory climate reporting policies; Google, Microsoft, Meta announce carbon removal purchase deals; BlackRock…
Arbor, a California-based company that uses solutions based in part on rocket engine technology to remove CO2 from the atmosphere, announced a purchase agreement with Microsoft, providing the tech giant with 25,000 tons of carbon dioxide removal, starting in 2027. Arbor said that its carbon removal system – based on its bioenergy carbon capture & storage (“BECCS”) platform – can…
Carbon transformation-focused cleantech company Twelve announced that it has raised $645 million of capital, including a mix of project equity, a Series C financing and credit facilities, with proceeds aimed at building out the companies capacity to produce sustainable aviation fuel (SAF) from CO2. Nicholas Flanders, Chief Executive Officer at Twelve, said: “Our financing strategy has been to build a…
ESG-focused software analytics platform provider Datamaran announced a $33 million investment from Morgan Stanley’s late-stage growth equity private investment platform Morgan Stanley Expansion Capital. Datamaran said that it will use the new capital to accelerate its growth in the U.S. market, and to advance initiatives in generative AI. Founded in 2014, London-based Datamaran provides an AI-powered software analytics platform enabling…