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Planetary Signs $31 Million Ocean Carbon Removal Deal with Group Including Google, Stripe, H&M
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Carbon removal buyer coalition Frontier announced that it has facilitated carbon removal offtake agreements of more than $31 million with Ocean Alkalinity Enhancement (OAE) technology company Planetary, from buyers including Stripe, Google, Shopify, and McKinsey Sustainability, Autodesk, H&M Group, and Workday. Under the new agreements, Planetary will deliver 115,000 tons of carbon removals between 2026…
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Net Zero Banking Alliance Pauses Activities
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The Net-Zero Banking Alliance (NZBA), a UN-backed banking sector coalition dedicated to advancing global net zero goals through their financing activities, announced that it has paused its activities following a series of high-profile departures from its ranks, and has proposed a significant restructuring, including dropping its format as a membership-based alliance. The NZBA said that…
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IKEA’s Ingka Invests in Chinese Plastic Recycler Re-mall
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Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer, announced a growth capital injection in China-based recycler of post-consumer packaging waste Re-mall. The investment marks Ingka Investments’ first in China within its circular investment portfolio, which targets companies developing technology or capacity to prevent waste or supply recycled materials. Ingka Group launched…
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Aalo Raises $100 Million to Build Combo Advanced Nuclear Plant and Data Center
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Aalo Atomics, a US-based nuclear technology company announced that it has raised $100 million in a Series B financing round, with proceeds aimed at building the company’s first nuclear power plant to meet the rapidly growing energy needs of AI. Founded in 2023, Texas-based Aalo’s mission is to accelerate the adoption of nuclear energy as…
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Equatic Raises $11.6 Million to Remove Carbon, Produce Green Hydrogen from Seawater
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Climate tech startup Equatic announced that it has raised $11.6 million in a Series A funding round, with proceeds from the financing aimed at scaling up its seawater electrolysis technology enabling carbon removal and green hydrogen production. Founded in 2021, California-based Equatic has developed an electrolytic process for atmospheric carbon removal that accelerates the ocean’s…