The new UK government announced today the introduction of the Great British Energy Bill, aimed at establishing a new public-owned company to invest, own and manage clean energy projects. Based in Scotland, Great British Energy will be backed by £8.3 billion (USD$10.7 billion) from the government over the next five years, paid for by a windfall tax on oil and…
EU markets regulator the European Securities and Markets Authority (ESMA) announced the publication of its “Opinion on the Sustainable Finance Regulatory Framework,” setting out a series of key recommendations aimed at facilitating investor access to sustainable investments and supporting the financing of the transition to a sustainable economy, including implementing requirements for basic sustainability disclosures for all financial products, regulating…
TotalEnergies announced today the acquisition of a 50% stake in OranjeWind, a 795 MW offshore wind farm under development in the Netherlands, from German power producer RWE, with TotalEnergies’ share of the project’s renewable energy to be used to power electrolyzer projects for the production of green hydrogen. According to TotalEnergies, the transaction forms part of the company’s initiatives towards…
Logistics giant DHL and Google announced today the launch of a new partnership, with Google utilizing the DHL GoGreen Plus service and investing in sustainable aviation fuel to help reduce its emissions from air logistic transportation across the Americas, Asia, and Europe. DHL’s GoGreen service provides shippers with the option of climate-neutral shipping through investments in internationally recognized climate protection…
Airbus announced that it has joined as an anchor investor for the launch of the Sustainable Aviation Fuel Financing Alliance (SAFFA) investment fund, aimed at accelerating the production of SAF. The new fund is being launched with approximately $200 million from investors including Airbus, the Air France-KLM Group, Associated Energy Group, BNP Paribas, Burnham Sterling, Mitsubishi HC Capital Inc. and…
Grid-focused AI startup Splight announced today that it has raised $12 million in its Seed funding round, with proceeds aimed at supporting the company’s global expansion plans and further product development for its solutions to help deploy clean energy at scale. Founded in 2020, California-based Splight provides AI-based solutions aimed at unlocking the capability to deploy clean energy at scale…