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billion) in green bonds, with proceeds aimed at financing green projects at the company including renewable energy and decarbonization solutions. According to the International Energy Agency (IEA), data centers consumed 460TWh in 2022, with this figure projected to possibly double by 2026. billion (USD$1.21
According to the company’s the new agreement will enable two solar power plants and one wind farm to come online between the first quarter of 2026 and the first quarter of 2027.
The company has been developing a proprietary membrane reactor technology which enables hydrogen separation from gas streams and easy-to-transport molecules, such as ammonia or methanol. SC Net Zero Ventures is a climate tech venture capital fund with focus on industrial and mobility decarbonization, and is managed by Suma Capital.
The following sections describe our decarbonization strategy and our implementation progress over the last fiscal year on our journey to achieve our 2026 targets. Lever 1: Decarbonizing the Melting Process and Energy Sources Lever 1 covers our Scope 1 and Scope 2 GHG emissions. Read full report here
Collaboration will support Schneider Electric’s Zero Carbon Project to decarbonize supply chain. RUEIL-MALMAISON, France, November 21, 2022 /3BL Media/ - Schneider Electric and long-time supplier Microplásticos today announced joint efforts to accelerate decarbonization efforts.
Generally produced from sustainable resources, like waste oils and agricultural residues, SAF is seen as one of the key tools to help decarbonize the aviation industry in the near- to medium-term. Fuel accounts for the vast majority of the aviation sector’s emissions.
At the co-hosted “Chatting Climate & Consumer Goods” event held in New York City’s Garment District, speakers and attendees delivered deep supply chain decarbonization insights, building on presentations at the Cascale Annual Meeting and Worldly Customer Forum in Munich earlier this month. Browne said of optimized sourcing strategies. “We
Google announced today the launch of a new partnership with clean energy developer Intersect Power and alternative asset firm TPG, with plans to invest $20 billion in renewable power infrastructureby 2030 to enable the buildout of new data center capacity in the U.S., powered by clean energy.
Micro-nuclear power plant developer Last Energy announced that it has raised $40 million in a Series B funding round closed earlier this year, with proceeds to be used to support the deployment of its first microreactor plant. Founded in 2019, Washington, D.C.-based
Clean fuel startup Utility Global announced that it has raised $53 million as part of a growth equity Series C funding round, with proceeds aimed at supporting the commercialization of its technology to process industrial gases into clean fuels to help decarbonize hard-to-abate industries, such as steel, without the use of electricity.
Over the past few months, several major tech companies, such as Microsoft , Google and Amazon , have also highlighted increased energy needs to meet the AI-driven growth in data centers as a key challenge to their decarbonization goals.
Cement production is a significant contributor to global greenhouse gas emissions, and one of the more difficult sectors to decarbonize. While most efforts to decarbonize cement to date have relied on carbon capture and sequestration, Sublime’s technology produces cement with both low embodied CO2 and low embodied energy.
DESCRIPTION: 3M is expanding research and development into emerging technologies focused on decarbonization and renewable fuels. 3M developing solutions to lower carbon emissions. This form of hydrogen could offer a solution for sectors that are hard to decarbonize, such as steel and long-haul transport. billion by 2026.
Vanguard Renewables, based in Weston, Massachusetts, is a national leader in developing food and dairy waste-to-renewable energy projects. Vanguard Renewables plans to expand nationwide to more than 150 anaerobic digestion facilities by 2026. Vanguard Renewables is a portfolio company of BlackRock Real Assets.
Originally published on NRG Energy Insights By NRG Editorial Voices Alongside our power values, our sustainability framework is a cornerstone to the development and evolution of our business. The RMR agreement is expected to end no later than December 31, 2026. Q: What are you working on now that excites you most?
In 2015, the United Nations established the Sustainable Development Goals (SDGs) – a blueprint of 17 ways to make the world a more just, inclusive and sustainable place. In 2021 , the PE industry reached more than US$5 trillion in assets under management, with expectations to grow well beyond $11 trillion by 2026.
Hydro-Québec has ambitions to be the “battery” for a renewable-energy-powered grid in northeastern North America, but its first order of business is closer to home: ensuring the province can decarbonize its own economy with clean, reliable and affordable electricity. In March, Hydro-Québec released its strategic plan for 2022 to 2026.
McKinsey’s fourth annual report shares progress on environmental, social, and governance (ESG) priorities and efforts to catalyze decarbonization, build inclusive communities and workforces, and set the standard for our profession. SOURCE: McKinsey & Company. C-degree pathway.
The Cabot Creamery Cooperative closes this circular loop by purchasing the renewable energy that their waste creates to power the butter plant and help decarbonize their operations. Vanguard Renewables plans to expand nationwide to more than 150 anaerobic digestion facilities by 2026.
The logistics provider has entered a partnership with BP and Neste to provide the fuel within the next five years as it moves towards decarbonizing aviation logistics. We can develop these qualities within your existing teams too. Making companies ready for tomorrow.
Originally published on 3M News Center As the world looks to accelerate climate action, 3M is intensifying its commitment to climate innovation—using cutting-edge materials science to advance decarbonization, energy efficiency, resilient infrastructure and more. billion by 2026 and $2.5 trillion by 2050.
Boston – The Renewable Thermal Collaborative recently released a case study on the first-of-its-kind partnership between AstraZeneca and Vanguard Renewables to enable the delivery of renewable natural gas (RNG) to all of AstraZeneca's sites in the United States by 2026. homes a year by 2026. facilities for the next 15 years or more.
Sweden-based truck and bus manufacturer Scania and Sweden-based global steel company SSAB announced today a new agreement for fossil-free steel, including a target to decarbonize all steel deliveries from SSAB to Scania’s heavy-duty vehicles in 2030. Deliveries under the new agreement are anticipated to begin in 2026.
About Vanguard Renewables Vanguard Renewables, based in Weston, Massachusetts, is a national leader in developing food and dairy waste-to-renewable energy projects. Vanguard Renewables plans to expand nationwide to more than 150 anaerobic digestion facilities by 2026. Vanguard Renewables is a portfolio company of BlackRock Real Assets.
They are ramping up investments in climate solutions, hiring climate experts and risk analysts, and reporting some of their exposure to climate risks under the Task Force on Climate-Related Financial Disclosures framework, a group set up to develop international standards on climate risk disclosure.
In addition, the federal government’s Agricultural Clean Technology Program recently expanded its envelope to $195 million over five years (2021–2026). The federal government is in the midst of developing its next Canadian Agricultural Policy Framework, due in 2023.
Neste is well aware of the aviation industry’s epic decarbonization difficulties and is gambling its whole future on transportation biofuels. Decarbonization is the biggest challenge the aviation industry has ever faced,” the airline group’s Canadian chief executive, Ben Smith, said in a statement when announcing the Neste purchase.
The research, development and production of medicines is an energy intensive process. Using crops grown locally as part of diverse crop rotations, the plant will also contribute to the development of a circular economy, supporting UK farms with sustainable land management practices.
Eni has announced plans for Enilive to more than double its biorefining capacity from 2023 to 2026 to more than 3 million tons, and to reach more than 5 million tons per year by 2030. billion (USD$3.2 billion), valuing the unit at $12.8 This aligns with our strategy to support transformative energy projects across Europe.
Vanguard’s vision is to transform organic food and beverage materials into a force for good - decarbonizing the world, supporting regenerative agriculture, and powering the lives of all those that live on our planet. Vanguard celebrates this 10-year milestone with an accelerated workforce and facility expansion.
Global mining and metals company Rio Tinto announced plans to develop a new facility in Western Australia, aimed at testing the effectiveness of a new low-carbon ironmaking process, including a pilot plant to test production at a semi-industrial scale. Fabrication of the equipment will begin this year, with commissioning expected in 2026.
based developer of food and dairy waste-to-renewable energy projects announced today that it has been acquired by the Real Assets unit of investment giant BlackRock from sustainability-focused real asset investor Vision Ridge Partners. Vanguard Renewables, a U.S.-based supported by long-term contracts. supported by long-term contracts.
C rise between now and 2026. Governments must streamline their approvals processes for solar and wind projects in order to decarbonize electricity grids at a faster pace. For Guterres, policies that support renewable energy development are “fundamental to reduce market risk and drive investment into the sector.”. .
In January 2022, we announced our plans to exercise purchase options on an additional 30 Boeing 737 MAX 8 aircraft, bringing our firm order total to 88 additional deliveries through 2026. We also had 44 Airbus A321neo aircraft in our fleet at the end of 2021 and have agreed to purchase an additional 76 for delivery through 2026.
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.
Deutsche Bank Ties Senior Exec Compensation to Loan Book Decarbonization Goals Private Equity & Venture Capital Carbon Accounting and Management Startup Greenly Raises $52 Million Fullerton Fund Management Raises $100 Million for Decarbonization Opportunities-Focused Private Equity Fund KKR Acquires Majority Stake in U.S.
Founded in 2016, Texas-based CarbonFree develops technologies aimed at decarbonizing of hard-to-abate industries and global supply chains. Steel Gary Works facility is expected to being as early as this summer, with entry into operations anticipated in 2026.
This is a game changer for companies that are trying to reach their net zero carbon targets, by decarbonizing their thermal load. This presents an opportunity to decarbonize transportation and reduce greenhouse gas emissions in the transportation sector. operations in the U.S.
Decarbonized steel startup H2 Green Steel announced today an investment from European venture capital investor Demeter, with proceeds supporting the construction of the company’s flagship green steel plant in Boden, Sweden, capable of producing steel with 95% lower emissions than traditional blast furnace technology.
The test flight plans come as a series of initiatives are underway to target rapid aviation sector decarbonization, such as electrified propulsion or sustainable aviation fuel (SAF). Founded in 2018 in California, ZeroAvia develops hydrogen electric engines for commercial aircraft.
By working together to decarbonize supply chains and embrace innovative solutions, we can ensure this sector leads the charge toward a healthier, more sustainable future.” Among the 149 companies with high-quality emissions data, 31% have set medium-term Scope 1 and 2 targets (2026–2035) aligned with a 1.5°C
Decarbonized steel startup H2 Green Steel announced today that has secured a supply agreement worth more than €250 million for the delivery of low carbon footprint steel with BILSTEIN GROUP, a Germany-based producer of cold rolled steel strip for automotive, tooling and furnishings sector customers.
Companies must begin reporting Scope 1 and 2 emissions in 2026 for fiscal year 2025 and Scope 3 emissions in 2027 for fiscal year 2026. While Scope 3 is initially not subject to third-party assurance, companies may need assurance starting in 2030, depending on CARB’s review and evaluation in 2026. including CA), and globally.
According to the company, the agreement will enable it to reach at least 80% CFE in its Arizona operations by 2026. We’ll continue to collaborate with SRP to decarbonize the grid, invest in local programs, and support overall economic development in the area.”
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