EU Sets 2040 Climate Target with 90% Emissions Reduction
New 2040 Climate Target: EU proposes a 90% reduction in net GHG emissions by 2040 (vs. 1990), introducing flexible mechanisms including international carbon credits and permanent carbon removals. Clean Industrial Deal Aligned: The target supports industrial competitiveness, energy security, and a fair transition through new tax incentives, state aid, and CBAM simplification. Strategic Global Positioning: […]
Microsoft Secures 1.1M Tonnes of Carbon Removals in 10-Year Deal with Hafslund Celsio
Microsoft has committed to purchasing 1.1 million tonnes of permanent carbon removals from Hafslund Celsio over the next decade. The deal anchors the commercial viability of Oslo’s waste-to-energy carbon capture and storage (CCS) project—one of the world’s first in its sector. CO₂ captured from 2029 will be permanently stored under the Norwegian seabed by Northern […]
Google Signs Largest Corporate Fusion Energy Deal
Historic Offtake Agreement: Google has committed to purchasing 200MW of fusion-generated energy from CFS’s first commercial plant, the largest direct corporate fusion offtake to date. Strategic Investment: This marks Google’s second capital investment in CFS, aimed at accelerating the commercialization of net-energy-positive fusion power. Clean Energy Portfolio Expansion: Fusion joins Google’s growing portfolio of transformative […]
Amazon Unveils Geothermal, Solar-Powered Fulfillment Center in Japan
Geothermal system reduces energy use by 30% for heating and cooling by tapping into the Earth’s natural underground temperature. 5.5 MW solar system—Amazon’s largest outside the U.S.— includes vertical panels to optimize energy capture and reduce building heat. Expected Zero Carbon Certification by 2026, supported by 2.9 MWh battery storage and advanced sustainability technologies. Amazon […]
Eni, Azimut Next Launch €100M Clean Tech Fund to Accelerate Energy Innovation
New €100M ELTIF for Clean Tech: Azimut to launch a venture capital fund targeting U.S. and global startups in decarbonization, energy efficiency, sustainable mobility, and the circular economy, with advisory from Eni Next. Strategic Industry Collaboration: Partnership leverages Azimut’s private market experience and Eni Next’s deep technological expertise to back breakthrough energy solutions. Broadened Investor […]
