Chestnut Carbon, a nature-based carbon removal company, has raised $160 million in Series B financing. This funding will help expand its afforestation projects across the United States. With strong investor backing, the funds will accelerate Chestnut’s mission to deliver large-scale carbon removal, setting a new standard in the voluntary carbon market (VCM). Nature-Based Carbon Removal: […]
Albemarle Corporation (NYSE: ALB) the world’s top lithium and specialty chemicals producer posted its financial results for Q4 and the full year of 2024. Despite lower lithium prices, the company reduced costs and improved operations to remain competitive. Strong efficiency measures helped in profitability but adjusted earnings did not meet analyst expectations. Like many other […]
Energy is the cornerstone of modern life. We need electricity for healthcare, transportation, communication, and more. Many countries are choosing nuclear power because it offers a lot of electricity and produces no direct carbon dioxide emissions. However, building traditional nuclear plants is costly. They can take a long time to set up, and people often […]
Core Power, the UK nuclear technology firm, has recently launched the Liberty Programme to transform the maritime sector with advanced nuclear technology. This “US-anchored” initiative plans to introduce floating nuclear power plants (FNPPs) by the mid-2030s. It was announced at the New Nuclear for Maritime Summit in Houston, Texas, on February 12. Liberty will create […]
Carbon credits are increasingly essential for investors and businesses aiming to reduce emissions. According to Abatable’s latest report, the voluntary carbon market (VCM) is growing rapidly, attracting $16.3 billion in funding in 2024. This is 18 times higher than the total value of credit retirements, highlighting a shift toward long-term commitments rather than short-term carbon […]
Palantir Technologies Inc. (NASDAQ: PLTR) released its financial results for the fourth quarter ending December 31, 2024. The company showed strong growth in key areas. Its success mainly came from its artificial intelligence (AI) solutions, which integrate advanced technology into commercial and government sectors. Their core work revolves around combining AI and machine learning, helping […]
Global investment in energy transition technologies reached an all-time high of $2.1 trillion in 2024, according to BloombergNEF. This marked an 11% increase from the previous year, driven by EVs, renewable energy, and advanced grid infrastructure. While the record-breaking investment highlights growing momentum toward cleaner energy solutions, experts caution that current funding levels fall far […]
Aluminum is everywhere, from cars to cans, but its production is a major carbon polluter. With global aluminum demand soaring, Rio Tinto and Hydro will $45 million in carbon capture tech to cut emissions. Could this be the breakthrough the industry needs? The Carbon Footprint of Aluminum: A Heavyweight Problem Aluminum production accounts for about […]
Carbon credit projects are gaining significant attention as businesses aim to reduce greenhouse gas (GHG) emissions while maintaining profitability. These projects offer a pathway for companies to offset emissions, improve sustainability, and tap into new revenue streams. But how do they do that? This guide explores the types, benefits, challenges, and future trends of carbon […]