industrynews

David Energy Raises $23 Million to Run the Grid 24/7/365 on Clean Energy: Led by Cathay Innovation, the round will provide capital to expand its commercial and residential businesses across the Northeast and Texas NEW YORK, Sept. 23, 2024 /PRNewswire/ — David Energy, a trailblazing gridtech company, announced today that it has secured $23 million […]

Schneider Electric & Kimberly-Clark Announce Tax Credit Transfer (“TCT”) Agreements to Advance Grid Resiliency: New TCT agreements contribute to supporting America’s clean energy transition through tax credit transferability under the Inflation Reduction Act (IRA). Projects are helping to pave the way for additional investments from the voluntary market to support developers fostering renewable energy projects. […]

Frontier buyers sign world’s first river liming carbon removal deal with CarbonRunSeptember 23, 2024 Frontier buyers will pay CarbonRun $25.4 million to remove 55,442 tons of CO₂ between 2025 and 2029.River liming brings significant co-benefits and can reach <$100/ton without new technical breakthroughs. Frontier has facilitated offtake agreements with CarbonRun, a Canadian company using a […]

Amogy Sails World’s First Carbon-Free Ammonia Powered Maritime Vessel: September 23, 2024 10:37 AM Eastern Daylight Time NEW YORK–(BUSINESS WIRE)–Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, today announced that the world’s first carbon-free, ammonia-powered maritime vessel successfully completed its maiden voyage. The NH3 Kraken, a tugboat originally constructed in 1957 and retrofitted […]

Minnesota Power plans two large solar projects in northern Minnesota as part of its EnergyForward strategy for carbon-free energy: September 23, 2024 11:02 AM Eastern Daylight Time DULUTH, Minn.–(BUSINESS WIRE)–Minnesota Power, a utility division of ALLETE Inc. (NYSE: ALE), announced today it plans to build two large solar projects in northern Minnesota as part of […]

Brookfield Raises $2.4 billion for Catalytic Transition Fund Supported by Anchor Commitment from ALTÉRRA: September 23, 2024 07:00 ET| Source: Brookfield Asset Management Ltd Additional capital raised from CDPQ, GIC, Prudential and Temasek, among othersTargeting up to $5 billion, anchored by $1 billion catalytic capital investment by ALTÉRRABROOKFIELD, NEWS, Sept. 23, 2024 (GLOBE NEWSWIRE) — Brookfield […]

Aether Fuels Signs MOU with JetBlue: CHICAGO, Sept. 23, 2024 (GLOBE NEWSWIRE) — Aether Fuels (Aether), a venture-backed climate technology company, today announced that it has signed a Memorandum of Understanding (MOU) with JetBlue (NASDAQ: JBLU). Aether has developed a breakthrough technology that utilizes a diverse array of waste feedstocks to produce sustainable liquid fuels […]

MetOx International Secures Additional Capital for Expansion, Welcomes Strategic Investor: HOUSTON, Sept. 23, 2024 /PRNewswire/ — MetOx International, Inc. (MetOx), a leading U.S.-based developer and manufacturer of high-temperature superconducting (HTS) wire, today announced the successful close of a $25 million Series B Extension. As part of this funding, we welcome several marquee investors including energy-focused family […]

AIR COMPANY Raises $69M in Series B to Commercialize Carbon Utilization Technology and Sustainable Aviation FuelsFunding will Accelerate the Production of AIRMADE® SAF, the Company’s CO₂-derived Sustainable Aviation Fuel and other Synthetic Fuels September 18, 2024 07:29 PM Eastern Daylight Time NEW YORK–(BUSINESS WIRE)–AIR COMPANY, a carbon conversion technology company, today announced it has raised […]

Japan’s Marubeni to capture 10m tonnes of carbon in North America: Marubeni plans to capture carbon dioxide from a natural gas processing facility in Texas and sell carbon credits. (Marubeni) KEIGO YOSHIDA, Nikkei staff writer September 20, 2024 23:42 JST | North America TOKYO — Japanese trading house Marubeni has teamed with a U.S. company on a […]