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…
Amazon allocated $15 million in nature-based projects in the APAC region. The funds are a part of the $100 million Right Now Climate Fund by Amazon.The company established the funds in 2019 to increase climate resilience and biodiversity. It also tries to bring social benefits to the communities where the company functions. Kara Hurst, Global…
Octopus Energy’s generation arm has announced plans to invest $20 billion (£15 billion) into offshore wind by 2030. The investment is expected to generate 12 GW of renewable electricity capacity. The company is an energy and technology group engaged in offering green energy systems. It invests in, builds, and manages renewable energy. Globally, Octopus Energy’s…
AXA IM Alts, an alternative investments company, has announced a $49 million commitment to invest in Mombak reforestation projects. Mombak is a native species carbon removal start-up. The company invested in the Mombak reforestation projects under the natural capital and impact investing strategy. This investment will support the restoration of the Amazon rainforest on pastures…
Bosch, a technology and services supplier, has begun mass production of its fuel-cell power module. The company plans to use hydrogen as a fuel for vehicles. It is working to develop technology for its production and application. By 2030, Bosch estimates that it will make sales of approximately 5 billion euros with its hydrogen technology….