Verra’s new cookstove methodology just received approval from the Integrity Council for the Voluntary Carbon Market (ICVCM). This approval confirms that the method meets high scientific and transparency standards. It also proves that cookstove carbon credits lead to real and measurable emissions cuts, improving the lives of millions.

With this recognition, clean cooking projects gain more credibility in the voluntary carbon market. The methodology also aligns with Article 6 of the Paris Agreement and CORSIA.

Mandy Rambharos, CEO of Verra, stated,

“Today’s approval by the ICVCM is a defining milestone for clean cooking projects and the voluntary carbon market. There are 2.3 billion people in the world who still rely on polluting cooking methods; cookstove projects and the carbon credits they generate can deliver both clean cooking technologies and the necessary finance to provide them to local communities. The ICVCM’s decision is a powerful endorsement of cookstove credits as a high-integrity climate solution that provides measurable environmental benefits for global impact.”

ICVCM’s Core Carbon Principles (CCPs) for Cookstove Carbon Credits

The ICVCM has established the CCPs as a benchmark for high-quality carbon credits. These principles set the foundation for evaluating carbon credits and ensuring they meet rigorous standards for transparency, credibility, and integrity.

Understanding Cookstove Carbon Credits

Cookstove credits are part of avoidance-based carbon projects aimed at reducing emissions from cooking. These projects fall into two categories:

• Fuel Efficiency: These projects distribute more efficient cookstoves, reducing overall fuel consumption.
• Fuel Switch: These initiatives help households transition from high-emission fuels (such as charcoal) to cleaner alternatives like electricity.

All clean cookstove methodologies aim to measure or estimate fuel savings using specific frameworks, improve efficiency to reduce fuel demand, and ease pressure on forests, allowing them to regenerate naturally.

More significantly, high-quality cookstove projects and carbon credits follow the Principles of Responsible Carbon Finance in Clean Cooking.

Introduced at the Clean Cooking Summit in Africa in May 2024, these principles have gained support from over 180 organizations in the cookstove and carbon credit sectors.

The latest Buyer’s Guide to High-Quality Cookstove Carbon Credits revealed that

• Cookstove projects have issued over 150 million carbon credits (tCO2e) since 2009, reducing emissions.

Moving on, the report further highlighted that cookstove credit prices were usually higher than other credits. But in mid-2024, quality concerns caused prices to drop below others. They later recovered by the end of the year.

• READ MORE: Verra’s VCS Program Update: Navigating CORSIA and ICVCM Alignment

Key Features of High-Quality Cookstove Projects

To ensure cookstove projects provide genuine environmental and social benefits, they must meet strict criteria:

• Robust methodologies: Projects must follow advanced monitoring, reporting, and verification (MRV) processes to ensure emission reductions are real, additional, and verifiable.
• Transparency: Buyers should have access to clear reports detailing project impacts, financial transactions, and compliance with global standards.
• Fairness and equity: Projects must prioritize informed community consent and ensure equitable revenue distribution.
• Sustainability: These projects should create lasting community benefits without causing economic distortions.

What’s inside Verra’s VM0050 for Clean Cooking?

A well-established methodology, VM0050, is used for implementing clean cooking approaches. It incorporates the latest scientific research and best practices for distributed thermal energy generation.

The methodology:

• Integrates the latest advancements in clean cooking technologies.
• Consolidates and strengthens previous cookstove methodologies.
• Ensures continued access to carbon markets with fair transition timelines.
• Responds to market feedback and allow for further improvements.

The Broader Impact of Clean Cooking Projects

If clean cooking solutions reach global adoption by 2030, the impact will be significant:

• Emission Reductions: 1.5 gigatonnes of CO2e avoided—comparable to removing 350 million passenger vehicles from the roads. (Source: International Energy Agency, 2023)
• Forest Protection: 225 million hectares of forest saved, equivalent to the size of the Democratic Republic of Congo. (Source: International Energy Agency, 2023)

Cookstove Credits for Corporations

Companies looking to enhance their ESG performance can also invest in high-quality cookstove projects to offset emissions and meet carbon reduction commitments.

These projects offer a credible solution under key frameworks such as the Paris Agreement, CORSIA, the ISO Net Zero Standard for Corporates, the Science-Based Targets Initiative (SBTi), the IETA Guidelines for High Integrity Use of Carbon Credits, and the Oxford Offsetting Principles.

Beyond Emissions Reductions

Clean cooking initiatives offer more than just emissions reduction. They tackle critical social, environmental, and equity challenges. These projects promote climate justice by expanding clean energy access in underserved regions while advancing global sustainability goals.

They also improve fuel efficiency. Unlike traditional stoves, they generate the same heat using less fuel, reducing dependence on wood and charcoal. This shift lowers deforestation rates, helping to protect and restore forests.

Preserving forests supports biodiversity, carbon sequestration, water regulation, and soil stabilization. With less wood harvested for cooking, degraded land recovers, fostering reforestation and ecosystem regeneration. Some projects even incorporate tree-planting programs to amplify environmental benefits.

Along with Verra, ICVM also approved two other cookstove methodologies by Gold Standard while rejecting many others. With the rise of voluntary carbon markets, stricter rules ensure that clean cookstoves cut emissions in a real, measurable, and practical way.

• LATEST: Can Verra’s New Carbon Standard Make Rice Farming More Sustainable? 

The post Verra’s Cookstove Credits Get ICVCM Green Light – Boosting Carbon Market Trust appeared first on Carbon Credits.

Swedish data center operator EcoDataCenter has secured €450 million ($521 million) in new funding from its owner, Nordic investment firm Areim. EcoDataCenter will use the new capital to grow its operations. This includes building a new 150MW data center campus in Östersund, Sweden. 

The investment shows that more companies want sustainable data infrastructure. They are looking for greener solutions for their digital operations.

A Major Step in Sustainable Data Center Growth

The newly raised capital is part of Areim’s dedicated data center fund, the Areim DC Fund, which has now reached a total of €900 million ($977 million). The fund was oversubscribed and drew in Nordic and international institutional investors. This boosts EcoDataCenter’s status as a leader in green data center development.

EcoDataCenter has aimed to build top-notch, eco-friendly data centers since its inception in 2015. The company opened its first facility in Falun in 2019. Since then, it has expanded to several locations in Sweden.

EcoDataCenter is fully owned by the Areim DC Fund as of 2023, following a series of strategic mergers and acquisitions.

Nordic Green Tech Gets a Boost: A Game Changer 

With the latest round of funding, EcoDataCenter plans to expand its presence in the Nordic region. The company currently operates 5 data centers across three locations:

• Falun,
• Piteå, and
• Stockholm.

Now, it is developing a new mega-campus in Östersund, which will provide an additional 150MW of capacity. It is among the lowest carbon-intense grids in the world, with just 15g CO2eq/kWh. Watch the video below to learn more about this massive green data center development. 

This big expansion responds to the growing need for sustainable digital infrastructure. The campus will be built in phases, with the first 20 MW expected to be completed by 2026.

The company just signed a hosting deal with GPU cloud provider CoreWeave. This shows its strong commitment to AI and high-performance computing (HPC) applications.

More Than Just Storage: Green Future of Data Centers 

Data centers play a critical role in today’s digital world, powering everything from cloud computing to streaming media. However, their rapid growth comes with environmental concerns due to high energy consumption and carbon emissions.

By 2030, data centers could contribute up to 2.5 billion metric tons of CO₂ emissions annually, per a Morgan Stanley report. Goldman Sachs also has similar projections for data center power requirements, as shown below. 

Sweden‘s data center market is growing fast, expected to reach $2.73 billion by 2029. With major players like Microsoft, Oracle, and Amazon Web Services investing in Swedish facilities, local firms like EcoDataCenter and Evroc are also expanding their presence.

The Swedish government aims for carbon neutrality by 2045, influencing data center operations to prioritize sustainability. 

One of the key drivers behind Sweden’s growing data center market is its abundant renewable energy supply. The country generates over 98% of its electricity from low-carbon sources, including hydropower, wind, and nuclear energy. This clean energy mix makes Sweden an attractive destination for data center operators looking to reduce their carbon footprint.

EcoDataCenter is at the forefront of addressing this challenge. Its facilities use cutting-edge technology and renewable energy sources to reduce their carbon footprint. The company blends energy efficiency with sustainability. This makes it a top choice for businesses seeking eco-friendly data solutions.

• The company is leading the charge in sustainable data center operations by leveraging 100% renewable electricity. This is primarily sourced from hydropower (75%) and wind (25%).

Moreover, the company has significantly reduced carbon emissions by using wood-based construction. This approach cuts embodied carbon by nearly two-thirds compared to traditional materials. Its innovative waste heat recovery systems also help avoid emissions while supporting local district heating.

Notably, EcoDataCenter’s Scope 1 emissions totaled 160 tonnes CO₂e. This comes mainly from backup diesel generator tests, while Scope 2 market-based emissions were just 1 tonne CO₂e due to its use of 100% renewable electricity. Scope 3 emissions account for 98% of the company’s total emissions.

EcoDataCenter 2023 GHG Emissions

The company also reduced refrigerant-related emissions to 0.84 tonnes CO₂e and aims to be 99% fossil-free by 2028. These efforts position EcoDataCenter as a frontrunner in climate-conscious digital infrastructure.

Areim and EcoDataCenter have raised about €1.2 billion ($1.3 billion) in funding in the last two years. This shows that investors have strong confidence in the company’s strategy. 

Peter Michelson, CEO of EcoDataCenter, remarked:

“We are establishing one of the most exciting companies in the Nordics…Through our platform, we have formed partnerships with some of the world’s leading companies, which reinforces investor trust in what we do.”

AI, Cloud & Carbon Cut

EcoDataCenter’s focus on sustainability has attracted major industry players. In 2024, the company partnered with AI hyperscaler CoreWeave to build one of Europe’s largest AI clusters in Falun.

Soon after, EcoDataCenter quickly locked in a new mega site. This site has over 240MW of capacity. It will help expand their data center operations even more.

Leif Andersson, founder of Areim and Chairman of EcoDataCenter, emphasized the significance of this investment:

“It is a strong confirmation of our ability to raise capital of this scale. We will continue to drive the market for how digital infrastructure should be built together with our customers…”

The Role of Carbon Credits and Energy Efficiency

The data center industry is under increasing pressure to reduce its environmental impact. As global data usage grows, so does the need for efficient and sustainable data storage solutions. 

Beyond energy efficiency, carbon credits have emerged as a key tool for data centers seeking to balance their emissions. Tech giants like Microsoft are investing in carbon credits to offset their emissions. For instance, Microsoft has partnered with Brazilian start-up Re.green to restore parts of the Amazon and Atlantic forests.

The tech giant has a 25-year deal to buy 3.5 million carbon credits. This plan is valued at around $200 million. It’s part of a larger effort to lessen the environmental impact of its AI-powered data centers.

Also, companies like Google and Equinix are finding ways to reuse heat from data centers. They aim to warm nearby homes and businesses. Google’s Finland facility, for example, supplies heat to 80% of local households.

• RELATED: Google’s $20B Deal with Intersect Power and TPG Rise: How Can It Transform Data Centers?

Marathon Digital Holdings is investing in heat recovery solutions in Finland. Equinix is doing the same in Paris.

Challenges and Future Outlook

Even with progress in green technology, data centers struggle to balance energy needs and sustainability goals. The industry must keep innovating. Focus on areas like renewable energy integration, better cooling techniques, and carbon offsetting strategies.

Collaboration between industry stakeholders, governments, and communities will be essential to drive the transition toward sustainable digital infrastructure.

The data center industry’s commitment to sustainability is evident through initiatives like EcoDataCenter’s expansion, Microsoft’s carbon offset programs, and innovative energy efficiency measures. As digital infrastructure grows, using sustainable practices is vital. It helps reduce environmental harm and supports global climate goals.

With strong financial backing and a clear vision for sustainable growth, EcoDataCenter is set to redefine how data centers operate. Its growth will meet the rising demand for cloud and AI computing. It will also set new standards for environmental responsibility in the industry.

• READ MORE: U.S. Data Centers’ Power Demand Surges to 46,000 MW: What’s Driving the Growth?

The post Areim Raises $977 Million to Drive Green Data Center Expansion in the Nordic Region appeared first on Carbon Credits.

Antimony is vital for many industries, including batteries, solar panels, flame retardants, and ammunition. Antimony sulfide, or Stibnite, is the principal ore of antimony and is mainly used in all these sectors. The U.S. depends almost entirely on imports, mainly from China, to meet its needs.

Countries with the largest reserves of antimony worldwide as of 2023          (in metric tons)

Let’s examine the demand and supply trends for antimony and their impact on prices this year.

What’s Driving Antimony Demand?

Antimony’s demand has risen due to increasing industrial use and China’s dominance in production. The silver white metal is crucial in solar panels. It makes perovskite solar cells work better by helping them absorb more light and convert energy more effectively. It also enhances thermal stability, helping panels endure extreme conditions.

In energy storage, liquid-metal batteries use antimony to store and distribute excess solar power. As solar installations grow, antimony’s role in the energy transition will expand.

The U.S. Department of Defense (DoD) uses antimony in more than 200 types of ammunition. This includes percussion primers and armor-piercing rounds.

Some key uses of antimony include:

• Antimony alloys improve the durability of lead-acid batteries in military vehicles.

• Its flame-retardant properties enhance the fire resistance of military uniforms and equipment.

• It is used in semiconductors for infrared sensors and night-vision devices. These are crucial for defense technology.

However, despite demand from various industries, there’s a global supply crisis of this critical metal.

• SEE MORE: Unlocking the Power of Critical Minerals with US DOE’s $45 Million Investment: A Focus on Antimony

A Looming Global Antimony Supply Shortage

According to the U.S. Geological Survey (USGS),

• In 2023, the total global antimony mine production was approximately 83,000 tons. China produced around 40,000 tons, accounting for 48% of the global supply.

China’s Supply Shrinks 

China is the biggest antimony producer, but its output has dropped sharply. 2023’s output as a decrease from 60,000 tons (55% share) in 2022. The decline is mainly due to mine closures and stricter environmental rules.

Hunan, a major antimony-producing province, halted production from March to June. This pause was for environmental inspections. Further industrial accidents in Hunan and Guizhou disrupted mining early in 2023. Consequently, China’s declining output has significantly contributed to the current global supply shortage.

Moreover, China is tightening its grip on antimony exports to secure its position in global supply chains. This comes after the U.S. imposed restrictions on critical technologies like advanced chips. China has employed a similar strategy with germanium, gallium, graphite, and rare earths.

The U.S. Relies Heavily on Imports

The U.S. has antimony deposits in states like Idaho, Montana, Utah, Arizona, and Alaska. However, environmental and economic issues have slowed domestic production. The Stibnite Gold Mine in Idaho was the largest antimony producer but shut down in the mid-1990s. Efforts to restart it are uncertain due to environmental concerns, especially river pollution risks.

By 2020, the U.S. had completely stopped mining antimony. Instead, it relied on recycling, mainly from lead-acid batteries. A facility in Montana processed imported material, but recycled sources only met 18% of the demand. The rest came from imports. In 2023, no sellable antimony was mined in the U.S., according to the University of Technology Sydney (UTS).

Recent reports show that Military Metals acquired the Last Chance property on February 19, 2025. This highlights the urgent need to secure antimony for defense. The rising demand, along with supply issues, has led to a significant price surge.

Russia’s Production Faces Uncertainty

Russia is another key antimony producer contributing to the supply crunch. USGS estimates that Russia held 17.5% of global antimony reserves in 2023, totaling 350,000 tons. However, actual production was much lower, at just 4,300 tons.

The Minor Metals Trade Association (MMTA) highlighted that most of Russia’s antimony is a byproduct of gold mining. Polyus, the largest gold producer in Russia, reported 27,075 tonnes of antimony output in flotation concentrate. However, Western sanctions after Russia’s 2022 invasion of Ukraine have made trading with Russian suppliers more difficult, further tightening global supply.

Political Instability Disrupts Myanmar’s Output

Myanmar, the fourth-largest antimony producer in 2023, also faced supply disruptions due to political turmoil. The country accounted for about 5% of global antimony production, according to USGS.

Here’s a comparative chart of 2022 Vs 2023 antimony producers across the world:

                               Global Antimony Production 

Market Growth Trends 

• Research and Markets revealed that the global demand for antimony is projected to grow from $2.5 billion in 2024 to $3.5 billion by 2030, at a CAGR of 6.2%,

Additionally, the U.S. antimony market is expected to expand significantly, reaching an estimated value of USD 106.57 million by 2032. This growth primarily be driven by the rising demand for OSHA-regulated flame-retardant clothing. Other demand drivers like lead-acid batteries, electronics and plastics, etc. will also push future demand of antimony.

Regional Market Overview

According to a Fortune Business Insights study,

• Asia-Pacific leads with a 64.36% market share in 2023. This trend will keep going. The automotive and electronics sectors are growing. This increases the demand for antimony flame retardants and alloys. China will remain the top producer.

• North America and Europe together account for over 40% of global antimony demand, mainly in automotive and plastics. Europe produces antimony oxide but relies on imports from China and India. The rising need for lead-acid batteries is boosting growth in this region. North America has a strong demand for flame retardants. This is because of strict workplace safety rules.

The Future of Antimony Supply

Australia is becoming a key player in the antimony market. Larvotto Resources, which runs the Hillgrove Gold-Antimony Project, has seen its share price rise. Additionally, the U.S. is working with resource-rich countries such as Australia, which could potentially close the supply gap. This partnership also aims to reduce reliance on China for critical minerals.

Earlier CarbonCredits reported that it’s not just the U.S. but countries worldwide are taking steps to reduce their reliance on Chinese antimony.

Over two years, global antimony drilling activity totaled 625 holes, with 88 yielding significant intervals. Australia dominated with 444 holes, including 65 significant finds, reflecting its active exploration sector. The USA followed with 44 holes and 10 significant intervals. 

Other contributions came from Canada, Bolivia, New Zealand, and Namibia. Emerging interest in regions like Bosnia, Indonesia, and Slovakia highlights a global push to secure antimony resources, driven by rising demand in energy and defense sectors.

In the U.S., the Department of Defense awarded $15.5 million to Perpetua Resources to explore antimony production from the Stibnite Gold Project in Idaho. 

Similarly, Spearmint Resources in Canada has doubled its acreage at the George Lake South Antimony Project, recognizing the mineral’s strategic value.

Additionally, antimony can be sourced through recycling. Reusing antimony from industrial waste and other sources may help create a more stable supply in the long term.

As demand from renewable energy and defense sectors rises, securing a steady supply of this crucial mineral will become extremely vital.

Tajikistan: The Rising Star

With supply dwindling in China, Russia, and Myanmar, Tajikistan is emerging as the world’s second-largest antimony producer.

• In 2023, it produced 21,000 tonnes, covering 26% of the global supply, according to USGS.

A significant mine in Tajikistan, owned by a U.S. company, is now Europe’s largest supplier of antimony metal. Talco Gold, a joint venture of Tajik Aluminium Co and China’s Tibet Huayu Mining, has boosted production too. Talco Gold’s processing plant opened in April 2022. However, it faced delays from the COVID-19 pandemic.

The impressive output shows Tajikistan potential to boost production volumes and sort supply challenges of antimony in the near future.

Antimony Prices Rally: Where Do They Stand in 2025?

Antimony prices have surged since April 2024 due to a severe supply shortage. According to Fastmarkets, prices in Rotterdam rose at their fastest rate in over 40 years. In May, the Shanghai Metals Exchange reported prices reaching $17,588 per metric ton, a 54% increase in 2024.

By June 14, prices in Europe climbed to $22,700 per ton, a rise of more than 75% from 2023.

The surge comes from a supply shortage in China, Russia, and Southeast Asia. At the same time, demand is rising in the solar sector, fire retardants, and military uses.

Recent posts on X show that the shortage is still affecting availability. Prices have reached $51,500 per ton in 2025. Some market speculation suggests that prices could reach $100,000 per ton.

This price rally was confirmed by Military Metals Corp’s CEO, Scott Eldridge, who said,

“The antimony spot price has yet again achieved a new all-time high, now trading at $51,500 USD per ton. Antimony investment opportunities are limited to mining equities with no ETF or futures contracts available to investors, furthermore the mining equities are limited to a few high-caliber companies.”

• LATEST: Trump’s Tariffs on Canada, China, and Mexico: A Risky Bet for U.S. Critical Minerals and Aluminum?

The post The Future of Antimony: Rising Prices, Supply Chain Risks, and Demand Growth appeared first on Carbon Credits.

Disseminated on behalf of SolarBank Corporation.

SolarBank Corporation (NASDAQ: SUUN; Cboe CA: SUNN, FSE: GY2) has announced a major step forward in the development of its 7.2 MW DC ground-mount solar power project, known as the North Main Project, in Wyoming County, New York. The project has finished the Coordinated Electric System Interconnection Review (CESIR). This important step allows the company to move forward with the permitting process.

SolarBank Corporation is an independent renewable and clean energy project developer and owner. It specializes in distributed and community solar projects across Canada and the United States. 

The company develops solar, Battery Energy Storage System (BESS), and EV Charging projects. These facilities supply electricity to utilities, commercial, industrial, municipal, and residential off-takers. 

SolarBank has a development pipeline exceeding one gigawatt. It has successfully developed renewable energy projects with a combined capacity of over 100 megawatts. 

After securing the needed permits and funding for North Main, SolarBank plans to start building the community solar project. This project will provide clean energy to around 850 homes. The project should also qualify for incentives from the NYSERDA NY-Sun Program. This will help its financial and operational success.

Bringing Affordable Clean Energy to Communities

Community solar projects like North Main play a crucial role in the transition to renewable energy. Community solar is different from traditional rooftop solar. It lets both renters and homeowners enjoy solar power benefits. They don’t need to install panels on their properties. 

Moreover, participants can subscribe to the project. They will receive credits on their electricity bills. This lowers their energy costs and supports renewable energy growth.

Current Market Landscape and Growth Projections

As of June 2024, the United States has about 7.87 gigawatts (GW) of community solar capacity. This capacity is spread across 44 states and the District of Columbia.

In the third quarter of 2024, the community solar segment installed 291 megawatts direct current (MWdc). This is a 12% increase compared to the same period in the previous year. This growth underscores the sector’s resilience and expanding appeal.

Looking ahead, the U.S. Department of Energy has set an ambitious target to achieve 25 GW of community solar capacity by 2025. This was a target of the prior Federal administration but most community solar projects are developed with the support of state and local governments. The Coalition for Community Solar Access expects the U.S. to exceed 30 GW of community solar by 2030. This shows strong growth potential for the sector.

Wood Mackenzie forecasts that the national community solar market will grow at an average rate of 5% annually through 2026. However, a subsequent average annual contraction of 11% is anticipated through 2029. This shows that near-term growth is strong. Yet, long-term sustainability may need strategic actions and policy support. 

SolarBank is focusing on community solar, aiming to provide clean, affordable energy to thousands of homes. This initiative supports the company’s mission to speed up renewable energy use in North America.

A Strong Partnership with Solar Simplified

SolarBank has teamed up with Solar Simplified. They are a leading provider of services for community solar programs. They focus on customer acquisition, enrollment, and management.

Solar Simplified works with SolarBank to make sure community solar projects are fully signed up. This way, they can boost revenue right from the start.

Solar Simplified takes care of all customer operations. This lets SolarBank focus on growing its renewable energy portfolio and launching more projects each year. 

Overcoming Challenges in Solar Development

The North Main Project is a big step forward, but challenges still exist for large-scale solar projects. The project depends on three key steps:

• getting a community solar contract,
• obtaining permits, and
• securing third-party financing.

Also, changing government incentives and policies about solar power can affect how financially sound future projects will be.

Navigating the US-China Solar Trade Landscape

The solar industry has been heavily affected by U.S.-China trade tensions, with President Donald Trump issuing an executive order on February 1, 2025 imposing a 10% tariff on imports from China, which has since doubled to 20%. This move builds on former President Joe Biden’s tariff hikes from 25% to 50%, effective January 1, 2025, bringing total duties on Chinese solar polysilicon, wafers, and cells to 70%.

China dominates the global solar panel supply chain, producing over 80% of the world’s photovoltaic (PV) modules. Dependence on Chinese imports has led to increased costs and supply chain challenges for many U.S. solar developers.

However, SolarBank has positioned itself to mitigate the effects of these trade disputes. By prioritizing domestic manufacturing, SolarBank not only avoids tariff-related cost fluctuations but also contributes to strengthening the U.S. solar supply chain.

In an exclusive interview, SolarBank’s CEO Dr. Richard Lu emphasized the company’s edge on this matter, stating: 

“We want to do our part to “Make America Great Again”. Solar energy is the power that we can deliver at a low cost in a timely manner, and we want to use “Made in the USA” solar panels to achieve our strategic goal. The Made in the USA panels demonstrate our commitment to supporting domestic production for the clean and renewable energy industry. For the sector, it will enable the industry to meet its demand with domestic supplies.”

SolarBank is dedicated to growing renewable energy in North America with the following project pipeline. It uses its skills in solar, battery storage, and EV charging projects to meet this goal.

Innovative Projects and Market Expansion

SolarBank is committed to innovation. It has teamed up with Viridi to turn a landfill in Buffalo, New York, into a solar farm. This project will have a capacity of 3.06 MW and include a 1.2 MWh battery energy storage system.

• SEE MORE: From Waste to Watts: SolarBank and Viridi Intend to Transform a Landfill Into a Solar Powerhouse with Battery Storage

This project shows the company’s commitment to turning unused sites into renewable energy sources. It provides clean energy to the community and helps tackle environmental issues. 

SolarBank is also planning a move into the growing data center market. This market is expected to hit $395 billion by 2030. Using its renewable energy expertise, the company plans to create and partner on data centers. This will help meet the industry’s huge energy needs with scalable and eco-friendly solutions.

SolarBank’s commitment to renewable energy continues to drive meaningful progress in the community solar sector. The North Main Project and other new developments are helping the company expand clean energy access and support sustainable infrastructure across North America. SolarBank leads the way to a cleaner energy future through partnerships, expanding markets, and tackling industry challenges.

• READ MORE: SolarBank Unveils 2024 Milestones: US$67.5 Million and a Bold AI Energy Bet

This report contains forward-looking information. Please refer to the SolarBank press releases entitled “SolarBank Provides Update on 7.2 MW North Main Project in Wyoming County, New York.”; “SolarBank Partners with Viridi on Combined 3.06 MW Solar and 1.2 MWH Battery Energy Storage Project Located in Buffalo, New York.”; and “SolarBank Announces 2024 Highlights”.

Disclosure: Owners, members, directors, and employees of carboncredits.com have/may have stock or option positions in any of the companies mentioned: None.

Additional disclosure: This communication serves the sole purpose of adding value to the research process and is for information only. Please do your own due diligence. Every investment in securities mentioned in publications of carboncredits.com involves risks that could lead to a total loss of the invested capital.

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