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BlackRock Acquires Stake in Eni’s Carbon Capture Platform
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Investment giant BlackRock’s infrastructure investment unit Global Infrastructure Partners (GIP) announced that it has acquired a 49.99% co-control stake in Italian energy company Eni’s Eni’s Carbon Capture, Utilization and Storage (CCUS) business, Eni CCUS Holding. The agreement follows an announcement by Eni in May that it had entered exclusive negotiations with GIP for the transaction following…
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Google Signs Deal to Power Data Centers from Advanced Nuclear Plant by 2030
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Google, nuclear technology company Kairos Power, and the Tennessee Valley Authority (TVA) announced a new collaboration to deliver advanced nuclear energy to Google data centers in the US. Under the deal, TVA will purchase power from Kairos Power’s Hermes 2 plant in Tennessee, which will deliver up to 50 megawatts (MW) of 24-hour energy to…
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Sandoz Sources Renewable Energy for 90% of Europe Operations
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Swiss generic and biosimilar medicine pharmaceutical company Sandoz announced that it has signed a new 10-year virtual Power Purchase Agreement (PPA) with Elawan Energy for new-build solar projects in Spain, anticipated to cover the vast majority of Sandoz’s electricity use in Europe. Under the new partnership, Sandoz and Elawan Energy will jointly develop solar projects…
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FoodTech Startup Prefer Raises $4.2 Million to Scale Low Carbon Coffee, Cocoa Alternatives
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Singapore-based food tech start-up Prefer announced that it has raised $4.2 million in a Pre-Series A funding round, and has commercially launched its new soluble coffee and cocoa powders, aimed at replicating coffee and cocoa at a fraction of the carbon footprint and at lower cost. Founded in 2022 by Jake Berber and Ding Jie…
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U.S. FTC Drops Antitrust Investigation Against Volvo, Daimler After Truckmakers Commit to Not Enforce California Emissions Reduction Agreement
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The U.S. Federal Trade Commission (FTC) announced that it has closed an investigation into truck and engine manufacturers including Volvo Group, Daimler Truck, International Motors, and PACCAR, after receiving commitments from the companies that they will not enforce an agreement with the California Air Resources Board (CARB) aimed at reducing greenhouse gas emissions in the…