HSBC has announced an investment of $1 billion to early-stage climate technology companies in the world. The finances will assist start-ups in creating solutions for EV charging, battery storage, sustainable food and agriculture, and carbon removal technologies. The report says that the announcement also follows the launch of HSBC Innovation Banking and HSBC Asset Management’s…
Honeywell has announced collaboration with SK E&S to distribute its carbon capture tech to assist SK in the energy transition in Korea and other parts of Southeast Asia. SK E&S, an energy company, is part of the Korean conglomerate SK Group. The company operates in business across renewable energy, hydrogen, energy solutions, and liquefied natural…
1PointFive, a carbon capture, utilization, and sequestration company, has announced that Amazon agreed to purchase 250,000 metric tons of CO2 removal credits over 10 years. The agreement can allow more capable direct air capture (DAC), for companies to complete climate goals. 1PointFive’s first commercial-scale DAC plant, STRATOS, will allow for the credit for Amazon. The…
Open Cosmos, a space tech business, has raised 50 million in Series B with the leading investors – ETF Partners, Trill Impact, and A&G. Additional investors were Accenture Ventures, Banco Santander InnoEnergy Climate Tech Fund, and Claret Capital Partners, with participation from Taavet Hinrikus and Kheng Nam Lee. The funding gained will be utilized to…
H2 Green Steel has raised €1.5 billion in equity from an investor group to finance its first large-scale green steel plant. The investor group co-led by Hy24 and existing partners Altor, GIC, and Just Climate. The funding round is assumed to ease creation of giga-scale electrolyzer. The transaction includes new investors Andra AP – fonden…
Microsoft signed a long-term contract to buy 315,000 metric tons of CO2 removal from Heirloom. It is a direct air capture company that utilizes the properties of limestone to curb CO2. The company’s news mentions that the deal follows Heirloom’s DAC Hub selection by the U.S. Department of Energy for up to $600 million in…
Saipem launched Bluenzyme, a CO2 capture solution, using proprietary enzymatic technology “CO2 Solutions by SAIPEM”. Saipem is a company in the engineering and construction of energy and infrastructure projects, on both offshore and onshore. Bluenzyme claims to be a ready-to-use package for small and medium emitters. The product has a capture capacity of 200 tonnes…
Boston Metal, a metals technology solutions company, has announced a Series C closing at $262 million. The existing investors include Breakthrough Energy Ventures, and others made additional investments in Series C, including Microsoft’s Climate Innovation Fund, BHP Ventures, and Prelude Ventures. The new investors include – Aramco Ventures, investment manager M&G Investments, natural resource investment…
Santander Corporate & Investment Banking (Santander CIB) has announced acquisition of a stake in sustainable energy company EIT InnoEnergy. The acquisition is a part of a EUR 140 million investment having other partners. InnoEnergy has a portfolio of 200 companies, of which three are unicorns estimated to generate €110 billion in revenue and save 2.1G…
Coca-Cola Europacific Partners (CCEP) has announced investment into carbon conversion research to explore better sustainable packaging materials. The project will be carried out by researchers at Swansea University and aimed at venturing the new methods of manufacturing ethylene. Ethylene is a material for making plastic, like the HDPE manufactured bottle caps. CCEP Ventures (CCEPV), CCEP’s…