Monthly Archives May 2024

Climeworks switches on world’s largest direct air capture plant08.05.2024 Key take-aways Climeworks starts operations of its to-date largest direct air capture and storage (DAC+S) plant, Mammoth, in Iceland. It is the second commercial DAC+S facility of Climeworks and is about ten times bigger than its predecessor plant, Orca. The plant is designed for a nameplate […]

re.green signs a landmark forest restoration project with Microsoftre.green has finalized its largest carbon removal (CDR) project to date. re.green will deliver approximately 3 million tons of carbon removal credits over a 15-year period through the restoration of forests using solely native species, encompassing the planting of at least 10.7 million seedlings. This offtake agreement […]

Cemvita Achieves Breakthrough in SAF Feedstock Production: Biosolutions leader for the energy industry reveals major milestone in the commercialization roadmap that enables large-scale production of sustainable oil. Cemvita achieves breakthrough in SAF feedstock production enabling large-scale production of sustainable oil. (Photo: Business Wire) May 07, 2024 08:10 AM Eastern Daylight Time HOUSTON–(BUSINESS WIRE)–Today, Cemvita, a […]

Li Industries Raises Series B Funding to Expand Next-Generation Battery Recycling Technology: PINEVILLE, N.C., May 9, 2024 /PRNewswire/ — Li Industries announced today the successful raise of a $36M Series B funding round to scale up its next-generation lithium-ion battery recycling technologies. The round was co-led by Bosch Ventures, Khosla Ventures and LG Tech Ventures […]

Standard Chartered : Commitment to reducing methane emissions: 9 May 2024 Broadening our ambition in greenhouse gas reduction London – Standard Chartered enhances net zero roadmap with commitment to deliver methane (CH4) emissions reduction target. A methane target aligns with our focus on reducing carbon dioxide-related (CO2) financed emissions and supports our ambition to be […]

AltC Acquisition Corp. Stockholders Approve Business Combination with Oklo: Sam Altman to serve as chairman of newly appointed board of directors for Oklo AltC to deliver $306 million of gross proceeds to accelerate Oklo’s business plan Business combination expected to close May 9, 2024 NEW YORK, May 7, 2024 /PRNewswire/ — AltC Acquisition Corp. (“AltC”) […]

CapturePoint Announces Agreements with Energy Transfer for Carbon Capture and Storage in Louisiana: Agreements formalize a joint development framework and dedication of CO2 from additional Energy Transfer facilities in Louisiana ALLEN, Texas, May 08, 2024–(BUSINESS WIRE)–CapturePoint LLC and affiliate CapturePoint Solutions LLC, (together “CapturePoint“) with offices in Allen, Texas, today announced the signing of a […]

EnCap Energy Transition Closes $1.5 Billion Energy Transition Fund II: May 08, 2024 09:55 AM Eastern Daylight Time HOUSTON–(BUSINESS WIRE)–EnCap Energy Transition (EnCap) today announced it has successfully closed EnCap Energy Transition Fund II (EETF II) with commitments of approximately $1.5 billion. EnCap’s second energy transition fund was created to invest in solutions to decarbonize […]

HASI and KKR Establish $2 Billion Strategic Partnership to Invest in Sustainable Infrastructure Projects: May 07, 2024 04:15 PM Eastern Daylight Time ANNAPOLIS, Md. & NEW YORK–(BUSINESS WIRE)–Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“HASI,” “we,” “our” or the “Company”) (NYSE: HASI), a leading investor in climate solutions, and KKR, a leading global investment firm, today […]

CGG Announces Alliance with Baker Hughes Offering Carbon Capture & Storage Solutions: Paris, France – May 8, 2024         CGG has signed a Memorandum of Understanding with Baker Hughes, an energy technology company, at the 2024 Offshore Technology Conference (OTC) in Houston to facilitate the parties exploring jointly offered carbon capture & storage […]