Amazon announced the expansion of its carbon credit service for suppliers, which will now enable companies to invest in carbon credits generated through the production of lower carbon shipping fuels such as renewable diesel, and from the destruction of “superpollutant” gases. The expanded service forms part of Amazon’s Sustainability Exchange, launched in 2024, initially as a platform to offer companies – particularly…
Cleantech company Utility Global announced that it has raised $100 million in a Series D funding round, with proceeds aimed at scaling its hydrogen technology-based platform to decarbonize hard-to-abate industries. Founded in 2018, Houston, Texas-based Utility Global provides solutions aimed at decarbonizing sectors such as steel, mobility, refining, chemicals, and upstream oil & gas with cleaner and more efficient alternatives…
Geothermal and renewable energy company Ormat announced that it has signed a power purchase agreement (PPA) to provide up to 150MW of new geothermal capacity to support Google’s data center operations in Nevada. The agreement was through NV Energy’s Clean Transition Tariff (CTT), a structure pioneered by Google and Berkshire Hathaway Energy subsidiary NV Energy in 2024 to help accelerate…
Heineken announced that it has reached a new clean energy milestone, reaching 100% renewable energy usage in the production of its beers and ciders in Spain. The company said that it is the first brewer in the country to complete its energy transition in brewing. The achievement follows the launch by Heineken in 2021 of a series of climate goals,…
The European Central Bank published its staff opinion on the revised European Sustainability Reporting Standards (ESRS), warning that several of the measures put in place to ease sustainability reporting requirements for companies under the EU’s Omnibus process will “significantly reduce transparency for investors and other market participants. Noting the Omnibus’ process’ removal of approximately 90% of companies from the scope…
Clean energy developer Lydian announced it has secured $689 million in financing, aimed at supporting its solar and battery energy storage projects in Texas, Utah and New Mexico. Founded in 2024, Lydian Energy provides distributed solar and energy storage for commercial, industrial, and institutional customers. Its current portfolio includes 18 solar and storage projects totaling 4.4 GW of capacity, according…
EdenTree Investment Management has renamed its fund range to reflect the adoption of labels under the Sustainability Disclosure Requirements (SDR). In November, the group announced the adoption of fund labels for the last seven products of its fund range, and was among the first asset managers to obtain labels in November 2024. See also: Green Dream with EdenTree’s Esguevillas: Protecting…