Green steel startup Stegra has raised €1.4 billion ($1.6 billion) in equity funding. This money is for building what will be Europe’s largest green steel plant in Boden, northern Sweden. Wallenberg Investments led the financing round. It also includes support from existing investors such as Temasek, Hy24, Just Climate, and Altor. The funding round closes […]
Anglo American and Chile’s state-owned miner Codelco have finalized a major deal. They will develop their neighboring Los Bronces and Andina copper mines. The agreement follows all necessary competition and regulatory approvals. This comes after a framework agreement from September 2025. The partnership will boost copper production without needing a new mine. Instead, both companies […]
Artificial intelligence (AI) is driving a surge in electricity demand worldwide. Now, NVIDIA is taking its AI platform into an unexpected area: geothermal energy. This week, NVIDIA (NVDA) teamed up with Fervo Energy (FRVO) and the U.S. Department of Energy’s Pacific Northwest National Laboratory (PNNL). Together, they are creating a new AI-powered digital twin platform […]
Gevo, Inc. is increasing its focus on the fast-growing carbon removal market, which is now worth about $12 billion. The company is already one of the leading suppliers of carbon removal credits and is working to expand its presence across both voluntary and regulated carbon markets. According to data provided by CDR.fyi — Carbon Removal Market […]
Walmart (NYSE: WMT) has taken a major step toward cleaner energy by signing its first-ever nuclear power purchase agreement (PPA) with Constellation Energy. The long-term deal will provide emissions-free electricity from Constellation’s Dresden Clean Energy Center in Illinois and help support Walmart’s climate goals while strengthening local energy infrastructure. The agreement covers about 176 megawatts […]
Google and Energy Dome have taken a major step in long-duration energy storage (LDES) with a new 23 MW / 200 MWh CO₂ battery project in County Offaly, Ireland. The project is the first commercial deal between the two companies. It also boosts their rollout strategy across Europe and North America. The system is designed […]
The European Central Bank (ECB) is working hard to cut the carbon footprint of its investment portfolios. It aims to support Europe’s green transition. Recent climate disclosures show that by 2025, the ECB and Eurosystem reduced portfolio emissions and increased green bond investments. They also introduced new reporting methods for clearer decarbonization insights. While emissions […]
Amazon is opening its carbon credit agreements to Climate Pledge signatories and chosen suppliers. This change allows more companies to access high-quality carbon credits, which are often hard to get. The program allows participating companies to purchase carbon credits from three projects that Amazon has already helped finance, which include: a direct air capture (DAC) […]
A new study has put a price tag on one of the biggest drivers of environmental damage: consumption by the world’s wealthiest households. Researchers from Leiden University and the University of Oxford found that the top 10% of global consumers cause $1.7 trillion to $5.7 trillion in environmental cost each year. The study, published in […]