The European Union has asked oil and gas companies to provide new CO2 storage solutions by 2030 to accelerate the bloc’s net-zero goals. In a statement, the EU said it has identified 44 oil and gas companies, which will be required to contribute to its target based on their shares of the Union’s crude oil…
Technology major Microsoft has signed a deal with Bolivian company Exomad Green to remove CO₂. Exomad Green, a producer of biochar carbon removal (BCR) credits, said this is the “largest BCR deal in history by volume, and among the largest across all forms of durable durable carbon removal (CDR)” Over a 10-year period, the deal…
1PointFive, a carbon capture, utilization and sequestration (CCUS) company, today announced it has entered into an agreement with Microsoft to sell 500,000 metric tons of carbon dioxide removal (CDR) credits over six years to support Microsoft’s carbon removal strategy. The agreement is the largest single purchase of CDR credits enabled by Direct Air Capture (DAC)…
Rubicon Carbon has announced partnership with CHOOOSE to allow businesses to collaborate climate action with customer experiences through automation and reporting. CHOOOSE is a climate action SaaS platform for the travel industry. The two companies propose to bring an ‘integrated suite of products and services’. It includes emissions calculations, automated reporting, transaction management, and so…
The companies, Samsung Engineering and Svante Technologies, have announced to sign a memorandum of understanding (MoU) to work on commercial carbon capture projects. The MoU was signed during the ADIPEC 2023 conference. The companies propose to identify, develop, and deliver commercial carbon capture, utilization, and storage (CCUS) projects. These projects for Asia and the Middle…
Xcel Energy has announced it has gained a $100 million award to give solutions to reduce the threat of wildfires and ensure the grid resiliency through extreme weather. The award comes from the U.S. Department of Energy. The funding has been provided by the Grid Resilience and Innovation Partnerships program, along with a $140 million…
Spearmint Energy has announced to close a $92 million tax equity investment in its project Revolution offered by Greenprint Capital Management. Spearmint Energy is a renewable energy company offering clean energy storage. The Project Revolution is a 150 MW, 300 MWh battery energy storage project located in West Texas. The project plans to utilize applications…
An Edge AI on-chip processing and learning company, BrainChip, enters the partnership with Circle8 Clean Technologies and AVID Group to create “Smart Bins”. These bins can differentiate and recycle many wastes with the assistance of AI-powered sensors and robotics. The companies, BrainChip and AVID, will collaborate their tech and expertise to create waste receptacles that…
Olive Gaea, a climate tech start-up in Dubai has gained 1$ million USD in a funding round from Cornerstone Ventures. Olive Gaea, a Sustainability as a Service (SaaS) company, offers sustainable solutions in the MENA region. The company’s goal is to speed up the decarbonization process. The funding will be utilized to launch a SaaS…
The Cohort 3 by Studio X has launched its Energy and Climate Tech Accelerator Program: AI Technology Systems, Austere Environmental, Economical Energy, Flexergy, Onvol, Project Geminae, and SeisWave. The Cohort 3 is part of Studio X’s accelerator program which was launched in 2020 as a way to accelerate the pace of innovation in climate tech…