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The energy industry is changing fast. More people and businesses want cleaner and more sustainable energy to fight climate change. Countries are setting rules to cut pollution, and investors are putting money into green energy projects. This push is making oil and gas companies look for ways to reduce their impact on the environment.

Fossil fuels make up around 81.5% of the world’s total energy supply, according to the International Energy Agency (IEA). Many industries, such as transportation and manufacturing, still depend on oil and gas. 

However, these industries are under pressure to cut emissions, and oil and gas companies must adapt. Some are shifting toward natural gas, which burns 50% cleaner than coal. Others are investing in technologies that reduce emissions while maintaining production.

How Oil and Gas Companies Are Becoming Greener

The renewable energy market was worth $1.21 trillion in 2023 and is expected to grow by 17.2% each year until 2030, according to Grand View Research. While renewables like wind and solar are growing, oil and gas companies are also finding ways to be more sustainable.

Some major oil and gas companies are working on reducing their carbon emissions. They are using new technologies, improving efficiency, and investing in cleaner energy sources. Here are some examples:

• ExxonMobil is investing in carbon capture and storage (CCS) technology to trap carbon before it reaches the air. It has pledged to invest $17 billion in lower-carbon initiatives by 2027 and is also exploring hydrogen energy, which can be a cleaner fuel.
• Chevron is funding projects on hydrogen energy and carbon capture to lower its emissions. It plans to cut methane emissions by 50% by 2028 and is improving energy efficiency at production sites.
• Occidental Petroleum (Oxy) is using direct air capture (DAC) technology to pull carbon dioxide from the air. It aims to capture and store up to 1 million metric tons of CO2 per year through its DAC facility in Texas.
• BP (British Petroleum) is working to cut emissions by 40% by 2030 and investing $5 billion annually in low-carbon energy projects like wind, biofuels, and sustainable aviation fuel.

These companies are proving that oil and gas can still play a role in energy while reducing their environmental impact. They are finding ways to lower emissions without completely stopping oil and gas production. Another company is making waves in the quest for sustainable energy. Let’s find out how.

• RELATED: Big Oil’s Showdown: How Shell, Chevron & ExxonMobil Balance Big Profits with Net Zero?

Prairie’s Efforts in Sustainable Energy

Prairie Operating Co. (NASDAQ: PROP) is actively pursuing sustainability efforts in its oil and gas operations, with a focus on reducing emissions and implementing innovative technologies. 

Prairie works to reduce methane emissions, use water more efficiently, and invest in cleaner technologies. It follows strict safety rules and uses advanced methods to drill in ways that limit harm to the environment. The company is also looking into carbon capture and storage to cut emissions and help the industry go greener.

Prairie is also working to increase efficiency in its operations. By using digital monitoring tools, it can detect gas leaks, improve fuel use, and reduce waste. This not only lowers costs but also reduces pollution. The company is exploring partnerships with technology providers to further improve sustainability efforts.

The company has taken significant steps to enhance its environmental performance and produce sustainable energy:

Electrified Operations: Prairie is actively working towards fully electrified operations throughout its production process:

• Electric Frac Fleet: The company has partnered with ProFrac Holding Corp. to implement an electric frac fleet for operations in Colorado. This includes:
  • 25 advanced 3000 HHP Single E-Pumps for fully electrified hydraulic fracturing and pump-down operations
  • Electric Blender units, hydration systems, and chemical additive units powered by 100% natural gas
  • State-of-the-art turbine generators, including two Solar – SMT130 Mobile Gas Turbines, each capable of generating 16.5 MWe ISO
• Shelduck South Development: Prairie has implemented electrified drilling and completion technologies at its eight-well Shelduck South pad in the DJ Basin.

Emissions Reduction: The company is dedicated to upholding Colorado’s stringent emissions standards:

• The Solar – SMT 130 Mobile Gas Turbines are expected to significantly reduce emissions across key metrics and stay below the Air Quality Control Commission’s stated NOx targets.
• Prairie is using Precision’s E-rig 461, powered by natural gas generators with battery backup, demonstrating its commitment to reducing environmental impact.

Efficient Infrastructure: The company is focusing on minimizing its development footprint while maximizing infrastructure efficiencies. This includes:

• Developing up to 42 three-mile lateral wells using a single, fully electrified production facility in their Genesis II OGDP
• Implementing three-phase takeaway for produced oil, gas, and water

Sustainable Development: Prairie places sustainable development at the heart of its projects and operations. The company is dedicated to developing affordable, reliable energy to meet growing demand while protecting the environment.

These efforts demonstrate Prairie Operating Co.’s commitment to reducing its environmental impact while maintaining operational efficiency in the oil and gas sector.

Why Sustainability Matters in Oil and Gas

The oil and gas industry is one of the largest sources of greenhouse gas (GHG) emissions. In 2023, the sector was responsible for nearly 15% of global energy-related CO2 emissions, according to the IEA. In the same year, coal accounted for roughly 35.5% of global electricity production, while natural gas contributed about 23%. 

Methane emissions from oil and gas operations also remain a major concern, contributing to 30% of global warming since pre-industrial times. The oil and gas industry emitted around 120 million metric tons of methane in 2023 alone, according to the Global Methane Tracker. 

To address this, companies are scaling up efforts in carbon capture, methane leak detection, and renewable energy integration to lower their environmental impact. Governments worldwide are also pushing for stricter regulations, aiming for a 40% reduction in methane emissions by 2030 to align with global climate goals.

Thus, there is growing pressure on oil and gas companies to reduce emissions. Investors, regulators, and customers are all looking for businesses that prioritize sustainability. Companies that fail to adopt green strategies could face financial and reputational risks.

On the other hand, companies that focus on sustainability can benefit. By improving efficiency, reducing waste, and investing in cleaner technologies, they can lower costs and attract environmentally conscious investors. Many governments are also offering incentives for companies that invest in carbon reduction programs.

Can Oil and Gas Be Sustainable?

Even though renewables are growing, oil and gas are still needed. The key is making them cleaner. Companies are adopting new strategies to produce energy while lowering their environmental impact. Here’s how major companies are making energy production more sustainable:

• Carbon Capture and Storage (CCS): This technology traps carbon before it reaches the air, reducing pollution. Many oil and gas companies are building CCS facilities to store carbon underground. The global CCS market is projected to reach over $5 billion by 2030.

• Lower Methane Emissions: Methane is a strong greenhouse gas. Companies are using leak detection systems and better equipment to stop it from escaping. The U.S. Environmental Protection Agency (EPA) is introducing stricter rules to cut methane leaks from oil and gas operations by 80%.
• Better Water Use: Extracting oil and gas uses a lot of water. Companies are improving recycling processes to reuse water instead of wasting it. Some firms, like Shell, have reduced freshwater use by 60% at specific production sites.
• Cleaner Equipment: Many companies are switching to electric or hybrid-powered drilling rigs. These use less fuel and create fewer emissions. The oil and gas industry is expected to invest over $20 billion in electrification projects by 2030.
• Mixing in Renewables: Some oil and gas companies are using wind or solar power at their sites. This helps reduce reliance on fossil fuels for operations. For example, TotalEnergies has installed solar panels at multiple refinery locations to cut emissions.

Governments are also playing a role in making oil and gas more sustainable. Many countries have introduced carbon taxes or incentives for companies to cut emissions. The European Union’s carbon price reached a record high of €100 per metric ton of CO2 in 2023, pushing companies to invest in cleaner technologies.

Prairie’s Future Vision

Prairie is working to stay ahead in the changing energy industry. It wants to reduce emissions, improve efficiency, and find greener ways to operate. The company is committed to staying competitive while also being environmentally responsible.

The future of energy is not just about switching to renewables. It’s also about making the oil and gas industry cleaner and more responsible. Prairie Operating Co. is showing that it is possible to produce energy in a sustainable way that protects the planet.

As the industry moves forward, Prairie is committed to delivering energy safely, efficiently, and responsibly. It proves that sustainability and energy production can go hand in hand.

• READ MORE: The “Northern Lights” Shines: Shell, Equinor, and TotalEnergies JV Powers the Norway CCS Project

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Disclosure: Owners, members, directors, and employees of carboncredits.com have/may have stock or option positions in any of the companies mentioned: PROP.

Carboncredits.com receives compensation for this publication and has a business relationship with any company whose stock(s) is/are mentioned in this article.

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.

Please read our Full RISKS and DISCLOSURE here.

The post Prairie Operating Co. and the Oil Industry’s Shift Toward Sustainable Energy Practices appeared first on Carbon Credits.

Standard Chartered is making major strides in sustainable finance as revealed in its latest report. THe bank generated $982 million in income from this sector in 2024, which is a 36% rise from last year. It brings the bank closer to its goal of reaching $1 billion in annual sustainable finance income by 2025.

This growth reflects the bank’s strong commitment to financing the transition to a low-carbon economy. Its sustainable finance lending and financing solutions rose to $507 million in 2024, up from $386 million in 2023, per the bank’s 2024 annual report.

Meanwhile, sustainable finance transaction services surged by 58% to $319 million. Payments and liquidity-based services jumped by 82%. These figures show that more businesses want climate-friendly financial solutions. They are looking to decarbonize.

A $300 Billion Commitment to Sustainability

Standard Chartered is improving its overall financing commitments, not just its annual income. The bank has pledged to mobilize $300 billion in sustainable finance by 2030.

As of the end of 2024, it had already reached $121 billion, demonstrating steady progress toward its long-term target. This financing supports projects in renewable energy, green infrastructure, and other climate-positive initiatives.

The bank’s sustainable finance portfolio expanded to $23.3 billion, with 78% of assets located in Asia, Africa, and the Middle East.

Marisa Drew, Standard Chartered’s Chief Sustainability Officer, underscored the importance of this financing, stating,

“The opportunity to finance the transition to a low-carbon economy is more compelling and crucial than ever… The scope for further sustainable finance growth is significant as new technologies come online and as renewable capacity growth continues to outpace that of fossil fuels.”

So, how does the bank advance with its own sustainability and net zero commitment?

Banking on Carbon: Standard Chartered’s Commitment to Net Zero

Standard Chartered is not only growing financially but also working hard to cut its carbon footprint toward net zero. 

In 2024, the bank achieved a 28% decrease in Scope 1 and 2 emissions, reducing total emissions to 24,968 tCO₂e.

The bank has set a target to reach net zero in its financed emissions by 2050. To achieve this, it has set interim targets for its highest-emitting sectors. It also shared its strategy in a new transition plan.

One of the most notable commitments is the goal to reduce emissions from capital markets activities in the oil and gas sector by 26.9% by 2030. This makes the financier one of the few global banks to set such a target.

Oil and gas represent the majority of Standard Chartered’s facilitated emissions, making this a critical area for action. The bank has set financed emissions targets for agriculture. Now, all 12 of its highest carbon-emitting sectors have clear reduction goals.

Sector-Specific Emission Reduction Targets

Standard Chartered aims for net zero by setting sector-specific targets. These targets align with global climate goals. Some of its key commitments include:

• Oil & Gas: Aiming for a 29% reduction in absolute financed emissions by 2030 and 100% by 2050. This includes a new emissions target. It aims to cut emissions from capital market activities in the sector by 26.9% by 2030.
• Power Generation: Targeting a 63% reduction in emissions intensity by 2030. The bank is also working to boost support for renewable energy projects. These projects are set to help lower carbon intensity even more.
• Metals & Mining: Aiming for a 32% reduction in financed emissions by 2030. Standard Chartered is partnering with clients in this sector. Together, they aim to adopt sustainable mining practices and improve energy efficiency.
• Automotive Manufacturing: Committed to a 67% drop in emissions intensity by 2030. The bank is boosting funding for electric vehicle (EV) production. This supports manufacturers in moving away from fossil fuel-powered cars.

Standard Chartered has also set interim goals for other high-emitting sectors. This includes agriculture and real estate. They aim to make sure their financing helps reduce emissions in many industries. 

Differentiating from Industry Peers

Standard Chartered stays committed to its sustainability goals, even as some banks rethink their climate targets. HSBC and other competitors have pushed back their net-zero targets. They say this is due to slow progress on the global transition.

• SEE MORE: HSBC Scales Back Net Zero Plans by 20 Years: A Climate Setback or Realistic Strategy?

Standard Chartered is growing its sustainable finance efforts. It is also strengthening its emission reduction strategies.

CEO Bill Winters reinforced this commitment during an analyst call, stating,

“Why are we so successful in the space? Because we focused on it, because our clients need us… Our clients are transitioning to net zero. That’s unabated despite some of the challenges.”

Driving the Green Transition with Impactful Financing

Standard Chartered’s sustainable finance initiatives are already making an impact worldwide. The bank plays a key role in funding renewable energy projects. It also supports green bonds and climate-friendly investments in various regions.

The chart below shows the trend in sustainable bond issuances worldwide, hitting $1 trillion this year.

The British bank’s financing helps businesses move to cleaner energy. It also improves access to green technologies and boosts innovation in the fight against climate change.

With a clear strategy, ambitious targets, and substantial financial backing, Standard Chartered is positioning itself as a leader in sustainable banking.

The bank is ramping up its efforts and is on track to hit its $1 billion sustainable finance income target by 2025. At the same time, it is making good progress on its net zero roadmap.

As demand for sustainable financing grows, Standard Chartered’s role will become even more critical. Its leadership in mobilizing capital for climate solutions will help accelerate the transition to a low-carbon economy, ensuring a more sustainable future for businesses and communities worldwide.

• READ MORE: Morgan Stanley, Citi and Bank of America Exit Net-Zero Alliance: What’s Next for Sustainable Finance?

The post Standard Chartered Hits Almost $1B in Sustainable Finance, Advances Net Zero Roadmap appeared first on Carbon Credits.

Rio Tinto, one of the world’s largest mining companies, has been intensifying its efforts to cut carbon emissions and achieve net zero by 2050. Through its 2025 Climate Action Plan, the company outlines key initiatives to decarbonize operations and cut emissions with plans to use carbon credits to meet its 2030 climate targets. 

Rio Tinto plans to spend $589 million on decarbonization in 2024. This shows the company’s strong commitment to sustainability. They are also tackling the challenges of carbon-heavy mining operations.

Reducing Operational Emissions: Scope 1 and 2

Rio Tinto has committed to reducing net Scope 1 and 2 emissions by 50% by 2030 and achieving net zero by 2050.

In 2024, its gross operational emissions dropped to 30.7 Mt CO2e, down from 33.9 Mt CO2e in 2023, according to the miner’s 2025 Climate Action Plan. This progress comes mainly from new contracts for renewable electricity and projects that reduce emissions.

The company is targeting three major areas to cut emissions:

1. Renewable Energy Transition: Rio Tinto has increased its electricity consumption from renewables to 78% in 2024, up from 71% in 2023, with a goal of surpassing 90% by 2030. The company signed 2.2GW in renewable energy PPAs for its aluminum smelters in Australia. This will greatly cut emissions from electricity use.
2. Electrification of Mining Operations: Rio Tinto is working with industry partners like Caterpillar and Komatsu to develop battery-electric haul trucks. It has also transitioned 100% of its heavy mining equipment at the Kennecott mine to renewable diesel.
3. Alumina Refining and Processing Efficiency: The company is testing hydrogen calcination at its Yarwun refinery. It is also using new digestion technologies at Queensland Alumina Limited. These efforts aim to cut process heat emissions.

RELATED: Rio Tinto and Hydro Invest $45 Million to Cut Aluminum Emissions

Decarbonizing the Value Chain: Scope 3 Emissions

Rio Tinto prioritizes cutting emissions from its operations. Yet, it is also teaming up with partners to reduce Scope 3 emissions, which reached 574.6 Mt CO2e in 2024. The largest contributor is the steel industry, where the company is focusing on various strategies to drive reductions.

One of the main initiatives is the development of low-carbon steelmaking technologies, such as BioIron™ and electric smelting. These innovations aim to replace traditional blast furnaces, which are highly carbon-intensive. Cleaner alternatives use hydrogen or renewable electricity.

By advancing these technologies, the Australian miner hopes to significantly reduce the emissions generated during steel production. It remains one of the largest industrial sources of CO2 globally.

In addition to technological innovation, Rio Tinto is actively partnering with 50 of its highest-emitting suppliers. The goal is to improve energy efficiency and reduce emissions across the supply chain.

Investment is also a key component of Rio Tinto’s Scope 3 reduction plan. The company has committed $200-350 million between 2025-2027 in steel decarbonization initiatives. The funding supports research, pilot projects, and industrial-scale adoption of low-carbon steelmaking methods.

Despite these efforts, reducing Scope 3 emissions remains a significant challenge. Much of the company’s impact depends on external factors. These include the speed at which customers and partners adopt new technologies, government regulations, and broader market demand for low-carbon materials.

The Role of Carbon Credits in Rio Tinto’s Net Zero Strategy

Rio Tinto is using high-integrity carbon credits to support its net zero strategy. This approach complements direct emissions reductions. The company will limit carbon credit use to 10% of its 2018 emissions. This keeps the main focus on reducing actual emissions.

Rio Tinto’s carbon credit strategy includes:

• Nature-Based Solutions: The company is focusing on reforestation and conservation in Madagascar and Guinea. This will create high-quality carbon credits.
• Carbon Capture and Storage (CCS): The company is looking into CCS to reduce emissions from aluminum smelting. They have teamed up with Carbfix to inject CO2 into geological formations.
• Australian Carbon Credit Units (ACCUs): Rio Tinto uses ACCUs to comply with Australia’s Safeguard Mechanism.

Strategic Use of ACCUs in Emission Reduction

Australian Carbon Credit Units play a critical role in Rio Tinto’s emissions reduction strategy. The Safeguard Mechanism in Australia requires large emitters to stay within set limits for net emissions. Companies can use ACCUs to offset any emissions that exceed these limits.

Rio Tinto uses ACCUs as a compliance tool. They also help with wider environmental goals. The company is actively buying ACCUs from verified projects. These include reforestation, soil carbon sequestration, and savanna fire management initiatives. These credits help the company reduce emissions. They also support biodiversity conservation and Indigenous-led land management projects.

However, Rio Tinto’s reliance on ACCUs is carefully managed. The company focuses on cutting actual emissions, with ACCUs serving as an extra measure.

Rio Tinto’s capping ACCU use at 10% of its 2018 emissions baseline shows a real commitment to decarbonization, not just relying on offsets.

Navigating Challenges on the Path to Net Zero

Despite making significant progress, Rio Tinto faces several challenges in reaching net zero. The group has the following roadmap to 2050:

One of the key obstacles is the slow deployment of new technologies. The company knows that it will take time for battery-electric haul trucks and low-carbon steelmaking technologies to be widely adopted. 

Additionally, rising carbon prices are expected to pose financial challenges, with penalties and compliance costs likely to increase in the coming years.

Regulatory uncertainty makes it harder for Rio Tinto to decarbonize. Global rules on carbon pricing and offset mechanisms vary a lot. This creates a confusing policy landscape. Another major challenge is ensuring the integrity of carbon credits. 

As the carbon market expands, concerns over the quality and credibility of offsets continue to grow. Rio Tinto needs to invest in high-quality projects. These projects must be verifiable and provide real environmental benefits to help maintain trust and effectiveness.

Rio Tinto is making real strides toward its net zero goals. The giant miner is investing heavily in renewables, electrification, and projects to cut emissions. Using carbon credits, especially ACCUs, is a backup plan: real emission reductions stay the main focus. By balancing internal decarbonization with carefully managed carbon offsets, Rio Tinto is positioning itself as a leader in sustainable mining.

• READ MORE: Can a Rio Tinto-Glencore Merger Supercharge the Race to Net Zero?

The post Rio Tinto to Use Australian Carbon Credits to Hit 2030 Emission Reduction Targets appeared first on Carbon Credits.

Disseminated on behalf of SolarBank Corporation.

SolarBank Corporation (NASDAQ: SUUN; Cboe CA: SUNN, FSE: GY2) teamed up with Viridi to build a 3.06 megawatt (MW) ground-mounted solar project. This project will also include a 1.2 megawatt-hour (MWh) battery energy storage system (BESS) in Buffalo, New York. This initiative plans to turn a closed landfill into a useful asset, providing clean energy to the local community.

Project Overview

• Location: Buffalo, New York
• Solar Capacity: 3.06 MW (DC)
• Battery Storage: 1.2 MWh
• Site: Repurposed closed landfill

In this collaboration, SolarBank will own the project, while Viridi will supply the battery storage system. The company has secured a lease for the site. It is now getting interconnection approval. Once the company gets the permits and funding, construction will start. The facility will then work as a community solar project.

Power Packed: Viridi’s Cutting-Edge Battery Solutions

Viridi equips its lithium-ion battery packs with integrated fire suppression and anti-propagation technology, adhering to stringent safety standards. Viridi’s design is different from traditional methods. It isolates each battery cell. This prevents thermal runaway. So, if one cell fails, it won’t cause bigger problems. Viridi is backed by a tier 1 management team, including the former Global Chairman of Investment Banking from JP Morgan.

Shared Sunshine: Empowering the Community with Solar

Community solar projects allow multiple participants to benefit from a single solar installation. Subscribers get credits on their electricity bills for their share of solar power. This lets them use renewable energy without needing their own installations.

Recently, SolarBank advanced two community solar projects in Skaneateles, New York, totaling 14.4 MW DC to power about 2,100 homes. The projects have completed the Coordinated Electric System Interconnection Review (CESIR) and are now proceeding with permitting.

The company aims to qualify for incentives under the NYSERDA NY-Sun Program. Once operational, these installations will supply clean energy to the local grid, offering residents access to renewable power without installing personal solar panels.

• SEE MORE: SolarBank Expands Community Solar in New York with 14.4 MW Project

Storing the Sun: The Crucial Role of Battery Storage

Battery storage plays an important role in the energy transition. It helps integrate renewable sources, such as solar and wind, which can be unpredictable. Without effective storage, surplus energy can go unused, and grid operators may struggle to balance supply and demand. BESS technology solves these problems. It captures and stores electricity for later use, boosting efficiency and reliability.

The Growing BESS Market

The global Battery Energy Storage System market is growing fast. This rise comes from new technology and more use of renewable energy. In 2024, the market was valued at around $7.8 billion and is projected to reach $25.6 billion by 2029, growing at an annual rate of 26.9%.

In 2024, global BESS installations hit 205 GWh. This marks a 53% increase from the previous year, exceeding expectations. The grid-scale sector led this growth with 160 GWh deployed, 98% of which utilized lithium-ion technology. 

Notably, 17 projects exceeding 1 GWh became operational in 2024, up from four in 2023. It shows there’s a strong pipeline for large projects. LFP batteries stay on top of the market because they are cheaper and have better technology. 

• Looking ahead, over 400 GWh of grid projects are in the pipeline for 2025, though at least 30% may face delays or cancellations.

One of the key factors supporting this expansion is the significant cost reduction in battery systems. Over the past two years, solar module prices have decreased by 66%, while battery system prices have dropped by 58% in the last year.

Cost cuts have made renewable energy projects cheaper. This change encourages more investment in energy storage solutions.

Regional Expansion and Market Trends

Countries around the world are boosting their battery storage capacity. This helps them meet renewable energy goals. 

China led the market with 67% of global BESS deployments. This was due to provincial mandates and falling battery costs. The U.S. and Canada followed, installing nearly 40 GWh, with California contributing half of this capacity. 

Meanwhile, Europe’s battery storage market could exceed 50 GW by 2030, with an estimated €80 billion in investments supporting this expansion.

In the United States, battery storage capacity hit about 24 gigawatt-hours (GWh) in 2024. This is a 71% rise from the year before. Utility-scale battery capacity has seen rapid growth in the country, with over 20 gigawatts (GW) added in the past 4 years—equivalent to the capacity of 20 nuclear reactors. 

This capacity may double to 40 GW by 2025. This shows how important battery storage is for a stronger grid and more renewable energy use.

These developments underscore the critical role of BESS in stabilizing the grid, reducing reliance on fossil fuels, and ensuring a consistent supply of renewable energy. SolarBank’s latest transaction positions the company at the forefront of this rapidly evolving battery storage market.

Bright Horizons: SolarBank’s Strategic Expansion

The Viridi BESS project aligns with SolarBank’s strategy to expand its portfolio of renewable energy assets across North America. The company plans to improve the reliability and efficiency of its solar systems. It will do this by using advanced battery storage solutions. This way, they can offer sustainable energy to different communities.

• As of February 20, 2025, SolarBank’s stock is trading at US$ 4.02, reflecting the market’s response to the company’s ongoing initiatives in the renewable energy sector.

With its expansion into battery storage, SolarBank is proactively addressing one of the biggest challenges in renewable energy—energy intermittency. By combining solar power with advanced storage solutions, the company is strengthening the foundation for a cleaner, more reliable energy system.

SolarBank is investing in BESS as demand for sustainable energy grows. This move will boost growth, attract new partnerships, and strengthen its leadership in renewable energy. 

SolarBank’s partnership with Viridi shows its dedication to new renewable energy solutions. This effort helps in the larger goal of moving to a sustainable, low-carbon energy system. By repurposing a closed landfill into a productive solar and battery storage facility, the project not only provides clean energy to the Buffalo community but also sets a precedent.

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

This article contains forward-looking information. Please refer to the SolarBank press release entitled “SolarBank Partners with Viridi on Combined 3.06 MW Solar and 1.2 MWH Battery Energy Storage Project Located in Buffalo, New York.”

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Disclosure: Owners, members, directors, and employees of carboncredits.com have/may have stock or option positions in any of the companies mentioned: SUUN.

Carboncredits.com receives compensation for this publication and has a business relationship with any company whose stock(s) is/are mentioned in this article.

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.

Please read our Full RISKS and DISCLOSURE here.

The post From Waste to Watts: SolarBank and Viridi Intend to Transform a Landfill Into a Solar Powerhouse with Battery Storage appeared first on Carbon Credits.