Sunya

Citi, JPMorgan First Adopters of Energy Finance Ratio : Citigroup Inc. has joined JPMorgan Chase & Co. in agreeing to disclose to investors their clean energy financing ratios, or the proportions of their low-carbon to fossil-fuel financing activity. The post Citi, JPMorgan First Adopters of Energy Finance Ratio appeared first on BloombergNEF .

United Airlines Is Betting Big on a Pricey Green Aviation Fuel : Green jet fuel, also known as sustainable aviation fuel or SAF, is priced two or three times higher than conventional fuel. The post United Airlines Is Betting Big on a Pricey Green Aviation Fuel appeared first on BloombergNEF .

Why the renewables market does not work : In a provocative new book, British academic Brett Christophers argues that free enterprise cannot deliver renewables at the rapid pace required to tackle climate change. Read more on Financial Times...

SOUTHWEST AIRLINES ACQUIRES SAFFiRE RENEWABLES AND STRENGTHENS FOCUS ON SUSTAINABILITY : DALLAS, March 28, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV ) announces the acquisition of SAFFiRE Renewables, LLC (SAFFiRE) as part of the investment portfolio of its wholly owned subsidiary Southwest Airlines Renewable Ventures, LLC (SARV). SARV is dedicated to creating more opportunities for Southwest® to obtain scalable sustainable aviation fuel (SAF). SAFFiRE is part of a project supported by the Department of Energy (DOE) to develop and produce scalable renewable ethanol that can be upgraded into SAF. SAFFiRE expects to utilize technology developed at the DOE's National Renewable Energy Laboratory (NREL) to convert corn stover, a widely available agricultural residue feedstock in the U.S., into renewable ethanol. "This acquisition marks Southwest's transition from investor to sole owner of SAFFiRE, expressing our confidence in SAFFiRE's technology and its poten...

Leeward Renewable Energy Signs Power Purchase Agreement with Microsoft for Morrow Lake Solar and Cradle Solar Facilities : March 27, 2024 09:00 AM Eastern Daylight Time DALLAS--( BUSINESS WIRE )--Leeward Renewable Energy (“LRE” or “Company”), a leading renewable energy company, today announced that it has entered into two 200-megawatt (MW) Power Purchase Agreements (PPA) with Microsoft Corp. (“Microsoft”). Through these PPAs, Microsoft will purchase the power generated from two 200-MW LRE solar facilities currently under development: Morrow Lake Solar in Frio County, Texas, and Cradle Solar in Brazoria County, Texas. Both projects will utilize First Solar ultra-low carbon, thin-film photovoltaic solar modules, provide jobs and significant local economic benefits, and include initiatives to protect and enhance the environment, such as robust land stewardship activities that promote soil health, preserve native plant species, and enhance biodiversity. “We are honored to...

Aker Carbon Capture announces agreement to form Joint Venture with SLB : OSLO, Norway , March 27, 2024 /PRNewswire/ -- Aker Horizons ASA's (OSE: "AKH") portfolio company Aker Carbon Capture ASA ("ACC" and "the Company"), together with SLB, announced today an agreement to combine their respective carbon capture businesses to support accelerated industrial decarbonization at scale. The transaction builds on the long-standing collaboration between the Aker group and SLB. Bringing together complementary technology portfolios, leading process design expertise and an established project delivery platform, the partnership will leverage ACC's commercial carbon capture product offering and SLB's new technology developments and industrialization capability. It will create a vehicle for accelerating the introduction of early-stage technologies into the global market on a commercial, proven platform. Following the transaction, SLB will own 80% o...

S2G Ventures Announces Bala Nagarajan as Managing Director of Energy Investment Team : New appointment will broaden the team's ability to accelerate the energy transition and advance economy-wide decarbonization CHICAGO , March 27, 2024 /PRNewswire/ -- S2G Ventures ("S2G"), a multi-stage investment firm focused on venture and growth-stage businesses, today announced Bala Nagarajan as managing director of its energy team. Working alongside managing director Francis O'Sullivan , Nagarajan will support S2G's efforts to catalyze capital toward companies that are mainstreaming the energy transition through clean power, mobility, industrial decarbonization and the built environment. Continue Reading Managing partners Chuck Templeton, Sanjeev Krishnan and Aaron Rudberg and managing directors Bala Nagarajan and Francis O'Sullivan With an investment track record spanning over 15 years in the energy sector, Nagarajan has led investm...

Lack of Capital Isn’t the Problem in Meeting Net-Zero Bill : Climate change won’t be a cheap problem to solve, with the race to net-zero emissions needing $4.8 trillion to be spent every year between now and 2030 on clean energy technologies. The post Lack of Capital Isn’t the Problem in Meeting Net-Zero Bill appeared first on BloombergNEF .

Tenaska, a private U.S. energy company with over 35 years of experience, announced the Longleaf CCS Hub, a carbon capture and storage (CCS) project planned for Mobile County, Alabama. The project aims to help industries in South Alabama comply with emissions regulations and climate mandates, fostering economic growth and employment opportunities in the region. The launch event for the Longleaf CCS Hub was attended by about 85 people, including elected officials, business leaders, and economic development proponents. The project received $17.9 million in funding from the U.S. Department of Energy's Office of Fossil Energy and Carbon Management (FECM) to support geologic characterization and permitting efforts. Tenaska's initial development of the Longleaf CCS Hub started in 2022, with construction expected to begin in late 2025 pending permitting approvals. The project is part of Tenaska's broader portfolio of CCS projects across the United States and demonstrates the compan...

A ‘critical year’ for the UK’s carbon capture ambitions : Whether the nascent industry turns into reality rests on talks taking place behind the scenes

3M invests in hydrogen electrolyzer manufacturer EVOLOH : Scaling electrolyzer manufacturing supports the hydrogen economy and helps move the planet towards a clean energy transition ST. PAUL, Minn. , March 26, 2024 /PRNewswire/ -- 3M (NYSE: MMM ) has invested in EVOLOH, a cleantech company that's working to scale up manufacturing of its electrolyzers to make green hydrogen affordable and efficient. Electrolyzers work by using electricity to separate the atoms in water. The result is hydrogen that can be used as clean fuel or chemical reactant to replace fossil fuels in industries that are traditionally difficult to decarbonize or abate, like steel production and aviation.  Continue Reading Founded in 2020, EVOLOH Inc., is revolutionizing the manufacturing of water electrolyzers to make low-cost clean hydrogen production possible at gigawatt scale anywhere in the world. NautilusTM stacks, the company’s patented electrolyzers, leverage advanced liquid...