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...
Wizz Air Unveils Roadmap to Achieve Net Zero by 2050 with Focus on Sustainable Aviation Fuel
European low-cost carrier Wizz Air has announced the launch of its new roadmap, “Flying Towards Net Zero,” outlining its plan to reach net zero carbon emissions by 2050. The airline’s plan includes a nearly 90% reduction in emissions, with the majority of the reductions to be achieved through the use of sustainable aviation fuel...
Google Signs Asia Pacific’s First Offshore Wind PPA, Advancing 24/7 Carbon-Free Energy Goals in Taiwan
Google has signed a landmark offshore wind power purchase agreement (PPA) in Taiwan, marking its first such deal in the Asia Pacific region and a significant stride toward its goal of running entirely on carbon-free energy, 24/7, by 2030. The agreement commits Google to purchasing clean electricity from the 495 MW Fengmiao I ...
Mati Carbon Wins $50M XPRIZE for Scalable Carbon Removal on Farmlands
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Decarbonization
In a landmark moment for climate innovation, Houston-based startup Mati Carbon has won the $50 million grand prize in the XPRIZE Carbon Removal competition, the largest incentive award in climate tech history. The company’s enhanced rock weathering approach, deployed across smallholder farms in India, beat ov...
Germany Commits €100 Billion to Green Transition in Landmark Investment Fund
Germany has approved a €500 billion infrastructure and defense fund, dedicating €100 billion specifically to climate action and the energy transition. The move marks the country’s largest-ever green investment package and a key step toward achieving climate neutrality by 2045. The climate-focused share of the fund, secured th...