The Lufthansa Group announced today the introduction of a new Environmental Cost Surcharge to its fares, passing the cost associated with meeting growing environmental regulations on to customers. The surcharge applies to all flights sold and operated by the Lufthansa Group departing from the 27 EU countries as well as the UK, Norway and Switzerland from January 1, 2025 and…
IBM announced the launch of Maximo Emissions Management, a new AI-powered solution aimed at helping companies in asset-intensive industries, such as the energy, industry, transportation and buildings sectors, to track, manage and report emissions. The new solution forms part of a series of new capabilities added to the company’s intelligent asset management software suite, IBM Maximo. According to IBM, the…
Automotive giant Volkswagen Group and electric vehicle producer Rivian announced today plans to launch a new joint venture, aimed at developing next-generation electrical architecture and software technology to be used in each of the companies’ electric vehicles. As part of the new transaction, Volkswagen announced that it will invest $5 billion into Rivian, including $3 billion in corporate equity investments…
The government of Canada passed a series of new rules into law aimed at tackling greenwashing, or unsupported claims by companies about the environmental benefits of their products or business activities. The new laws were passed as part of amendments made to Canada’s Competition Act, based on proposed changes introduced in the Government’s Fall Economic Statement in November 2023, which…
Floating offshore wind technology startup Aikido Technologies announced that it has raised $4 million in a Seed series investment round, with proceeds to be used to build its team and develop, and for the development of a new offshore pilot project. Floating wind technology can be installed in deeper waters than fixed wind turbines, allowing the projects to be installed…
Pension investment firm APG announced today a $400 million investment in U.S. renewable energy and storage developer Doral Renewables, aimed at accelerating the development and construction of Doral’s renewable energy pipeline. Based in Philadelphia, Doral Renewables is an Independent Power Producer (IPP), partnering with U.S. farm communities to build large-scale, greenfield projects to advance the energy transition, with a focus…
Alternative asset and private equity investor KKR, and Spanish renewable developer IGNIS today announced that they will launch a new Power-to-X (P2X) platform to develop primarily green hydrogen and ammonia projects, for industrial applications in hard-to-abate sectors. According to KKR and IGNIS, the new platform will develop traditional renewables, largely wind and solar, associated with hydrogen and ammonia projects. It…