Zelestra has closed a $113 million Senior Secured Credit Facility with Banco Santander to fund its 81 MWdc Jasper County Solar Project in Indiana. This deal is a key part of Zelestra’s expanding U.S. renewables portfolio, structured under the company’s updated Green Financing Framework. The project is supported by...
Eni and UK Government Secure £2B for Liverpool Bay CCS Project, Boosting Jobs and Carbon Storage
Eni and the UK Government have reached financial close on the Liverpool Bay Carbon Capture and Storage (CCS) project, unlocking £2 billion in local supply chain contracts and 2,000 construction jobs. This project is pivotal to the HyNet Cluster, one of the world’s most advanced CCS systems, and is central to the UK’s strat...
Nestlé and ofi Launch Landmark Agroforestry Partnership to Cut Carbon and Regenerate Cocoa Farms
Nestlé and global ingredients supplier ofi have announced their most ambitious agroforestry collaboration to date, aiming to transform cocoa farming across Brazil, Côte d’Ivoire, and Nigeria through regenerative agriculture and large-scale carbon reduction. The initiative will train 25,000 farmers in sustainable, climate-smart p...
Electra Secures $186M Series B to Advance Fossil-Free Ironmaking and Decarbonize Steel Industry
Clean iron innovator Electra has raised $186 million in a Series B funding round co-led by Capricorn Investment Group and Temasek, bringing its total funding to $214 million. The capital will accelerate the development of its breakthrough fossil-free iron production technology, including a demonstration plant in Colorado slated ...
Microsoft Commits to Scalable Carbon Removal with 44,000 Biochar Credits from Carba
Microsoft has entered a five-year agreement with climate tech firm Carba to purchase 44,000 carbon removal credits, with deliveries starting in 2025. This long-term deal underscores Microsoft’s continued investment in durable carbon removal solutions as part of its broader climate goals. Carba, based in Minnesota, uses a pate...
Exowatt Raises $70 Million to Accelerate Development of 24/7 Solar Energy System
Miami-based renewable energy startup Exowatt has secured $70 million in a Series A funding round to support the development and production of its modular solar energy system, the Exowatt P3. The innovative system is designed to provide 24/7 power by storing solar energy as heat in a long-duration battery, allowing it to generate...