Category: Energy Transition
Commercial Fusion Moves From Lab Milestones to Market Strategy Fusion startup Inertia has secured $450 million in Series A funding to accelerate commercialization of inertial confinement fusion, positioning itself as...
In a LinkedIn post published yesterday, Microsoft co-founder and climate investor Bill Gates shared an optimistic update on global energy-related CO₂ emissions that challenges much of the prevailing doom-and-gloom narrative....
• The Science Based Targets initiative (SBTi) released its second draft of the Corporate Net-Zero Standard V2 for public consultation, open from November 6 to December 8.• The revision aims...
As Scope 3 pressures mount and Science Based Targets initiative (SBTi)’s Corporate Net Zero Standard (CNZS) V2.0 takes shape, real-world insetting case studies create a replicable path forward. In the...
Indonesia, the world’s largest archipelago with over 17,000 islands, is making significant strides toward a sustainable energy future. At the forefront of this transition is the Cirata Floating Solar Farm,...
This week’s ESG developments spotlight powerful shifts in global regulation, clean energy infrastructure, carbon market innovation, and sustainable finance. From new bond frameworks in Asia to breakthrough fusion funding in...
On June 13, 2025, California sued the Trump administration after it revoked waivers allowing the state to set stricter vehicle emission rules under the Clean Air Act. Governor Gavin Newsom...
The U.S. Environmental Protection Agency (EPA) has proposed eliminating greenhouse gas (GHG) emissions standards for fossil fuel-fired power plants, marking a sharp reversal of the Biden administration’s climate-focused energy policies....
This past week saw major moves across government policy, sustainable infrastructure, carbon markets, and investment shifts that will shape ESG practices in the months ahead. From global alliances and new...
TotalEnergies has acquired a major renewable energy pipeline in the UK—comprising 8 solar projects (350 MW) and 2 battery storage assets (85 MW)—from Low Carbon, a leading renewable developer. The...
InnoEnergy, the impact investor behind some of Europe’s most promising clean tech companies, is set to reduce global CO₂-equivalent emissions by 2.3 gigatonnes by 2030—equivalent to removing 534 million internal...
Microsoft has inked a long-term power purchase agreement (PPA) with Clearway Energy Group for 335 megawatts (MW) of wind energy from the repowered Mount Storm wind farm in Grant County,...
The LEGO Group has officially opened its most environmentally sustainable factory to date in Binh Duong, Vietnam—marking a strategic move to expand its manufacturing footprint across Asia-Pacific and meet growing...
RayGen Resources has closed a landmark A$127 million Series D investment round, drawing strong support from global energy leaders and public sector investors. The raise, led by SLB with a...
NORD/LB Norddeutsche Landesbank and the European Investment Bank (EIB) today announced a EUR 165 million financing partnership aimed at accelerating renewable energy deployment across Europe. The financing was formalized at...
ESG News is proud to announce the official launch of Scrubbing the Sky, a groundbreaking 4-part mini-series podcast dedicated to exploring the cutting edge of carbon removal, climate technology, and...
Exus Renewables, a global independent power producer (IPP), announced a 10-year Power Purchase Agreement (PPA) with Google for the Cascante wind farm in Navarra, Spain. The partnership is pivotal in...
Swedish power utility Vattenfall confirmed its final investment decision for the Nordlicht 1 and 2 offshore wind projects in Germany’s North Sea, marking a major step toward Germany’s renewable energy...
TotalEnergies and RWE have signed a landmark agreement to supply TotalEnergies’ Leuna refinery with 30,000 tons per year of green hydrogen, significantly reducing its carbon footprint. The 15-year deal, starting...
Major global corporations, including Amazon and Google, signed a groundbreaking pledge at the CERAWeek 2025 conference, aiming to triple global nuclear energy capacity by 2050. The initiative marks the first...
Morocco’s government committee has approved major green hydrogen projects valued at 319 billion dirhams ($32.5 billion), aligning with its push for renewable energy dominance and European export goals. Who’s Involved...
Masdar, TotalEnergies, and EPointZero have signed a Framework for Action (FFA) to drive clean energy expansion in Africa and Asia, reinforcing UAE-France business cooperation. Strategic Collaboration The agreement, signed on...
The transition to a net-zero economy presents both unparalleled investment opportunities and significant financial risks. By 2050, the energy transition could generate $53 trillion in clean energy and infrastructure investments,...
Expanding Global Renewable Footprint Amazon and Iberdrola, a leading clean energy provider, have expanded their renewable energy partnership with an additional 476 MW in power purchase agreements (PPAs). This brings...
Meta and Zelestra have expanded their clean energy partnership, signing four new EAPAs that will support the construction of 720 MWdc of solar projects across Hopkins, Lamar, Lampasas, and Henderson...
Repsol has approved a landmark investment in Catalonia to build Europe’s first facility transforming municipal waste into renewable methanol—a crucial fuel for decarbonizing transport and promoting the circular economy. “This...
TotalEnergies and STMicroelectronics have signed a physical Power Purchase Agreement (PPA) to supply renewable electricity to STMicroelectronics’ sites in France. The agreement, commencing in January 2025, guarantees 1.5 TWh of...
Poland’s power-grid operator PSE announced a $15.4 billion (64 billion zlotys) investment plan spanning 2025 to 2034. The plan includes: Renewable Energy Focus: PSE’s infrastructure upgrades will enable the delivery...
Vietnam has enacted a new Electricity Law, effective February 1, 2025, to modernize its energy sector and create a robust framework for renewable energy development. The amended law addresses longstanding...
Tackling Growing Energy Demand in 2024 As global electricity demand continues to surge, driven by AI, electrification, and digitalization, building smarter energy systems presents both challenges and opportunities. In 2024,...
Abu Dhabi Finance Week (ADFW) 2024 commenced today under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of...
Mirova, a sustainability-focused investment manager under Natixis Investment Management, has launched an integrated real assets platform combining its Energy Transition Infrastructure, Natural Capital, and Private Equity businesses. The platform, effective...
Accelerating the Environmental Transition At COP, Societe Generale reaffirmed its commitment to advancing the environmental transition. The bank’s new €500 billion sustainable finance target for 2024–2030 includes €400 billion in...
Climate Risks and Financial Stability: Key Insights The European Supervisory Authorities (EBA, EIOPA, and ESMA) and the European Central Bank (ECB) today published findings from the one-off “Fit-for-55” climate scenario...
The mini-documentary “Hotel Marcel: A Net-Zero Transformation,” part of ESG News’s new “Brands With Values: Net-Zero Transitions Series,” delves into the innovative journey of Hotel Marcel’s conversion into the United...
In this interview, India Foundation’s Managing Director Shaurya Doval joined ESG News CEO Matt Bird to discuss economic insights into India’s energy transition. From the interview, “India is making a...
H&M Group has strengthened its commitment to renewable energy through a virtual power purchase agreement (VPPA) with Lightsource bp for the 125MW Second Division solar project in Brazoria County, Texas....
In this exclusive interview, Jim Coleman, CEO of LION Power, joined ESG News to discuss bringing lithium-ion battery technology manufacturing to the United States. The company aims to capture market...
In this video, Siemens Financial Services’ CEO, Anthony Casciano, joins ESG News to discuss ESG Tools and Partnerships and how access to these free ESG tools will have a material...
In this video, Thomas Körmendi, CEO of Elopak (ELO.OL), joined ESG News’ Matt Bird to discuss Elopak’s remarkable strides in sustainable packaging solutions, highlighting how the company’s innovations in emissions...
Key Impact Points: Pioneering Energy Storage Solutions Sweco, a leader in civil and electrical engineering, is set to design Green Turtle—one of continental Europe’s largest battery storage facilities—for GIGA Storage...
Adani Group and Google have unveiled a strategic collaboration to boost clean energy consumption and drive sustainability in India. The partnership will see Adani harnessing power from a new solar-wind...
Key Impact Points: Tata Power, India’s leading integrated power company, announced a transformative investment of approximately ₹1.2 trillion ($14.32 billion) over the next decade in Rajasthan. This initiative, unveiled during...
Key Impact Points: Colombia has launched a $40 billion investment portfolio aimed at catalyzing its transition from fossil fuels and adapting to climate change impacts, confirmed by an environment ministry...
Major Companies Back New 24/7 Carbon-Free Initiative Global corporates like Google, AstraZeneca, Iron Mountain Data Centers, Shree Cement, AirTrunk, and Vodafone UK have joined the Climate Group’s 24/7 Carbon-Free Coalition...
FTSE Russell has introduced two innovative indices—the FTSE Fixed Income TPI Climate Transition Index Series and the FTSE Fixed Income TPI Focused Glidepath Index Series—aimed at supporting investors’ climate commitments...
Fortescue and Liebherr’s Ambitious Partnership Fortescue has signed a $2.8 billion deal with Liebherr to jointly develop 475 zero-emission machines, marking a major leap towards carbon-free mining. The partnership includes...
Schneider Electric, a global leader in energy management and automation, made waves at Climate Week NYC 2024, revealing new decarbonization strategies aimed at advancing sustainability across industries. With a focus...
Ørsted has signed a major deal with Equinor, agreeing to sell 330,000 tonnes of carbon dioxide removal (CDR) credits over a ten-year period. This is tied to Ørsted’s groundbreaking ‘Kalundborg...
Woodland Biofuels Invests $1.35 Billion in Louisiana for Renewable Fuels Toronto-based Woodland Biofuels announced a $1.35 billion investment to build a renewable natural gas (RNG) and ultra-green hydrogen facility at...
ADNOC’s Strategic Stake in ExxonMobil’s Hydrogen Plant Abu Dhabi’s ADNOC will acquire a 35% stake in ExxonMobil’s upcoming hydrogen plant in Baytown, Texas. This move is part of a broader...
Volvo Car AB has revised its electric vehicle (EV) strategy, moving away from its initial goal of becoming fully electric by 2030. Instead, the company now plans for plug-in hybrids...
Poland is now aiming for a 56% share of renewable energy in its electricity mix by 2030, according to Climate Minister Paulina Hennig-Kloska. This target, presented in a draft of...
ACEN, GenZero, and Keppel Ltd. have partnered to drive the early retirement of the South Luzon Thermal Energy Corporation (SLTEC) coal-fired power plant (CFPP) in Batangas, the Philippines. The Memorandum...
The UK’s latest renewable power auction marks a significant step in reviving the offshore wind sector. Ørsted and Iberdrola were among the big winners, securing contracts for major projects like...
Japan made a significant stride in energy transition on Wednesday by signing 70 memorandums of understanding (MOUs) with various partners. These agreements were secured during the Asia Zero Emission Community...
Freeport East Partners with ITES for Green Transport Growth Freeport East has teamed up with Innovating for Transport and Energy Systems (ITES) to drive clean transport innovation and enhance trade...
Blackstone (NYSE: BX) announced a majority investment in Westwood Professional Services, Inc. (Westwood), a leading engineering and design firm specializing in renewables, power, real estate, and public infrastructure. This investment...
Uber Technologies, Inc. (NYSE: UBER) and BYD Co. Ltd. have announced a strategic partnership to bring 100,000 new BYD electric vehicles (EVs) onto the Uber platform across key global markets....
Google, PacificLight Energy (PLE), and Rexus Bioenergy (RExus) have entered a 10-year collaboration. PacificLight will offtake renewable energy from RExus’s Waste Wood-to-Energy (WWtE) Plant and supply it to Google. This...
Cyan Renewables (“Cyan”), Asia’s leading offshore wind services platform, announced its acquisition of Australian offshore marine services provider MMA Offshore (“MMA”) (ASX) for A$1.1B (US$702M). This landmark deal makes Cyan...
Google joined industry leaders, solution providers, non-profits, and advocates in urging the swift implementation of Granular Guarantees of Origin (GOs) within the EU, as enabled by the recent Renewable Energy...
China has announced a comprehensive plan to cut carbon emissions in its coal power industry, emphasizing the use of innovative technologies such as green ammonia, biomass, and carbon capture, utilization,...
The Asset Impact team at GRESB proudly introduces Transition Analytics, a cutting-edge tool for asset owners and managers to navigate transition risks and fulfill net zero commitments. This specialized product...
Germany and Morocco have established a new climate and energy alliance to collaborate on climate protection and energy transition. This alliance, marked by the signing of a declaration in Berlin,...
The Vatican is set to join an elite group of nations generating all their electricity from renewable sources, following Pope Francis’s announcement of a new solar power project. This initiative...
Google and ENGIE have deepened their collaboration with five new Corporate Power Purchase Agreements (cPPAs), providing Google’s digital infrastructure in Belgium with over 118 MW of renewable power. Google’s Green...
The EU’s clean electricity generation is hitting new highs. In the first half of 2024, renewables comprised over 50% of all power generation in Europe, with nuclear maintaining a stable...
Google has embarked on an ambitious partnership with NV Energy to develop a pioneering clean energy model. This initiative centers around the Clean Transition Tariff (CTT), a framework designed to...
ERM, the world’s largest specialist sustainability consultancy, has announced the signing of a deal to acquire Energetics, Australia’s leading climate risk and energy transition consultancy. The acquisition will enhance ERM’s...
Two Utility-Scale Projects at Idaho National Lab Will Help Spur Clean Electricity Generation on DOE-Owned Land, Ensuring the Federal Government is Leading by Example in the Effort to Reach the...
The governing board of the Climate Investment Funds (CIF), the pioneering multilateral climate fund delivering low-cost finance to over 70 developing countries, endorsed a new investment plan presented by the Government...
Key Impact Points: Amazon, Google, Microsoft, Nucor, and Duke Energy have joined forces to accelerate carbon-free energy generation through innovative tariff agreements. These agreements, known as Accelerating Clean Energy (ACE)...
Canada is experiencing a heavily fragmented energy transition with consequences for household affordability and economic development, finds a new Clean Energy Canada scorecard that ranks provincial efforts to help citizens and businesses...
EPA’s Clean School Bus Rebate Program to fund over 3,400 new clean school buses in approximately 530 districts across the nation The Biden-Harris Administration announced the recipients of the U.S....
Air Liquide has successfully issued a new 500 million euros green bond, in line with its ambition to combine growth and sustainable development. The Group intends to use the proceeds...
RWE, one of the leading renewable energy companies in the U.S. and worldwide, has signed two 15-year Power Purchase Agreements (PPAs) with Microsoft Corporation. Under the PPAs, Microsoft will purchase...
ArcelorMittal and partners Mitsubishi Heavy Industries, Ltd. (MHI), BHP, along with Mitsubishi Development Pty Ltd (Mitsubishi Development) have successfully started operating a pilot carbon capture unit on the blast furnace...
In a landmark deal, Ørsted will sell a further one million tonnes of carbon removal over a ten-year period to Microsoft from Avedøre Power Station, which is part of the...
Deutsche Bank and the European Investment Bank Group, consisting of the European Investment Bank and the European Investment Fund, have signed an agreement to promote climate-friendly new builds and energy-efficient...
Investment by Airport Owner and Operator in Sustainable Aviation Fuel (SAF) Technology and Development Supports LanzaJet Growth and Addresses Important Role in SAF Ecosystem LanzaJet, a leading sustainable fuels technology company...
Energy Exemplar, a leading global provider of energy market simulation software, announced the completion of its acquisition by private equity funds affiliated with Blackstone (”Blackstone”) and Vista Equity Partners (“Vista”). “Completing our transaction with...
CEOs need to accelerate their action plans to safeguard the production of commodities critical to the global population and economy as heat stress and drought risk rise around the world,...
The latest issue of SEB’s The Green Bond report is dedicated to the question of how to scale energy transition investments at the speed required to reach net-zero emissions and...
Climate Solutions Week kicked off at the Headquarters of the OPEC Fund for International Development (the OPEC Fund) in Vienna. An OPEC Fund initiative, the event is bringing together global...
TotalEnergies, a global integrated energy company, and Vanguard Renewables, a U.S. leader in farm-based organics-to-renewable natural gas production and a portfolio company of a fund managed by BlackRock’s Diversified Infrastructure...
Boeing is buying 9.4 million gallons (35.6 million liters) of blended sustainable aviation fuel (SAF) to support its 2024 U.S. commercial operations, reducing its carbon emissions and working to help...
Phillips 66’s San Francisco Refinery, which for years manufactured products like gasoline and jet fuel, is now producing only renewable fuels. Long known as the company’s Rodeo Refinery, and recently...
A major new Centre for Doctoral Training in Green Industrial Futures (CDT-GIF) has launched to help secure the UK’s position at the forefront of the green industrial revolution. The Centre...
The Global Maritime Forum and RMI (founded as the Rocky Mountain Institute), under Mission Innovation’s umbrella, released a report outlining strategies for ports to become first movers in providing green methanol...
The U.S. Environmental Protection Agency released its latest annual Inventory of U.S. Greenhouse Gas Emissions and Sinks (GHG Inventory), which presents a national-level overview of annual greenhouse gas emissions from 1990...
MEPs adopted plans to facilitate the uptake of renewable and low-carbon gases, including hydrogen, into the EU gas market. The new directive and regulation on the gas and hydrogen markets...
The world’s dependence on coal-fired power plants witnessed a surprising rise in 2023, marking the highest annual increase since 2016. This trend, highlighted in a report by Global Energy Monitor...
Australian electricity giant Origin Energy (ORG.AX) has appointed a company insider, Tony Lucas, to take the helm as its Chief Financial Officer. Lucas, currently leading Origin’s future energy and technology...
The Government of Newfoundland and Labrador has released World Energy GH2’s Project Nujio’qonik from further Environmental Assessment following an intensive evaluation of the world’s first Environmental Impact Statement for a...
Elemental Strategic Metals of Zawiercie, Poland and Ascend Elements of Westborough, Mass., today announced the formation of AE Elemental™, a joint venture based in Zawiercie, Poland. Together, the companies will jointly own (50/50)...
OCP Group, a global leader in plant nutrition and phosphate-based fertilizers, and Fortescue Energy, part of global green energy, metals and technology company Fortescue Ltd (Fortescue), announced a landmark Joint...
Rolls-Royce, ASCO Carbon Dioxide Ltd (ASCO), and Landmark Power Holdings Limited (LMPH), have signed a Memorandum of Understanding (MoU) aimed at developing scalable solutions for clean power generation with carbon...
Last year’s emissions under the EU’s Emission Trading System (ETS) show the most significant annual emissions reductions since the ETS was launched in 2005. The main driver is the power...
Policy responses to geopolitical developments and global commitments accelerated the deployment and use of renewable energy in 2023, especially in the power sector. The historic decision at the 2023 United...
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