Resource economics

ArcelorMittal Sestao to become the world’s first full-scale zero carbon-emissions1 steel plant

Retrieved on: 
Tuesday, July 13, 2021
Articles, Sustainable technologies, Energy, Resource economics, Energy economics, Emerging technologies, Low-carbon economy, Renewable energy economy, Hydrogen vehicle, ArcelorMittal

Harnessing green hydrogen and renewable electricity, the Sestao plant will achieve zero carbon-emissions

Key Points: 
  • Harnessing green hydrogen and renewable electricity, the Sestao plant will achieve zero carbon-emissions
    ArcelorMittal today announces that its Sestao plant in Spain will become the worlds first full-scale zero carbon-emissions steel plant.
  • In addition to the investments in the DRI and EAF installations in Gijn, ArcelorMittal will invest 50 million in Sestao.
  • The ability of the Sestao plant to become the worlds first zero carbon-emissions steel plant would not be possible without the support and partnership of the Spanish government.
  • This, together with the green DRI and hydrogen feeding the burners, will result in the Sestao plant achieving zero carbon-emissions.

ArcelorMittal signs MoU with the Spanish Government supporting €1 billion investment in decarbonisation technologies

Retrieved on: 
Tuesday, July 13, 2021
Companies, Resource economics, Energy, ArcelorMittal, CAC 40, IBEX 35, Low-carbon economy, Greenhouse gas emissions

ArcelorMittal has today signed a memorandum of understanding (MoU) with the Spanish Government that will see a 1 billion investment in decarbonisation technologies at ArcelorMittal Asturias plant in Gijn.

Key Points: 
  • ArcelorMittal has today signed a memorandum of understanding (MoU) with the Spanish Government that will see a 1 billion investment in decarbonisation technologies at ArcelorMittal Asturias plant in Gijn.
  • The MoU states the commitment of ArcelorMittal and the Government of Spain to transition towards a decarbonised steel industry.
  • ArcelorMittal will introduce new manufacturing processes that contribute to a considerable reduction of CO2 emissions.
  • ArcelorMittal Europe has a target to reduce CO2 emissions by 30% by 2030, and an ambition to be net-zero by 2050.

Hyzon Motors issues business update, confirms 2021 prior guidance and on track for 2022

Retrieved on: 
Tuesday, July 13, 2021
Articles, Sustainable technologies, Energy, Emerging technologies, Resource economics, Hydrogen economy, Hydrogen technologies, Green vehicles, Hydrogen vehicle, Fuel cell vehicle, Low-carbon economy

Orders and MoUs have increased to represent up to $86M, up 55% from $55.0M as of April 29, 2021, and over 100% from February 12, 2021.

Key Points: 
  • Orders and MoUs have increased to represent up to $86M, up 55% from $55.0M as of April 29, 2021, and over 100% from February 12, 2021.
  • Expected 2022 deliveries include a landmark order from Austrian grocery retailer MPREIS for up to 70 trucks.
  • In addition to building its pipeline, Hyzon has actively invested in projects to expand its lead in core FCEV technologies.
  • Supporting the global hydrogen ecosystem, Hyzon launched the Hyzon Zero Carbon Alliance on Earth Day 2021.

Aker Carbon Capture launches Carbon Capture as a Service

Retrieved on: 
Monday, July 12, 2021
Carbon capture and sequestration, Resource economics, Energy, Articles, Aker, Low-carbon economy, Carbon capture, Emissions reduction, Carbon capture and storage

OSLO, Norway, July 12, 2021 /PRNewswire/ -- Aker Carbon Capture today launches Carbon Capture as a Service; Carbon capture made easy, an integrated offering that covers everything a customer needs to reduce emissions by CCS.

Key Points: 
  • OSLO, Norway, July 12, 2021 /PRNewswire/ -- Aker Carbon Capture today launches Carbon Capture as a Service; Carbon capture made easy, an integrated offering that covers everything a customer needs to reduce emissions by CCS.
  • We will handle the CO2 throughout the full value chain from point of emission to permanent storage," said Valborg Lundegaard, Chief Executive Officer of Aker Carbon Capture.
  • As part of the service, Aker Carbon Capture will deliver and operate the carbon capturefacilities.
  • This yield company will be established by Aker Horizons, in cooperation with Aker Carbon Capture, and will invite third-party capital that has a long-term capital deployment perspective and shared view on the importance of decarbonization.

Brookfield Renewable and Trane® Agree to Jointly Pursue Distributed Generation and Energy Efficiency Opportunities Across North America

Retrieved on: 
Thursday, July 8, 2021
Articles, Energy, Resource economics, La Crosse, Wisconsin, Trane, Renewable energy economy, Renewable energy, Low-carbon economy, Energy development

The agreement leverages Brookfield Renewables leading U.S. distributed generation business and Tranes leading energy efficiency and technical, engineering, construction and project development experience to jointly develop and implement new customer opportunities.

Key Points: 
  • The agreement leverages Brookfield Renewables leading U.S. distributed generation business and Tranes leading energy efficiency and technical, engineering, construction and project development experience to jointly develop and implement new customer opportunities.
  • The innovative decarbonization solutions provided will help customers meet sustainability targets and reduce operating costs through upgrading critical energy infrastructure and installing onsite renewable energy.
  • We look forward to working together with Trane to deliver leading decarbonization solutions to customers across North America.
  • Trane by Trane Technologies (NYSE: TT), a global climate innovator creates comfortable, energy efficient indoor environments for commercial and residential applications.

Rio Tinto and POSCO sign climate MOU

Retrieved on: 
Thursday, July 8, 2021
Natural Resources, Manufacturing, Environment, Steel, Mining, Minerals, Companies, Articles, Resource economics, Greenhouse gas emissions, Rio Tinto, Low-carbon economy, Carbon neutrality, POSCO, Jean-Sébastien Jacques, Rio Tinto, POSCO, RIO TINTO, POSCO

Rio Tinto and POSCO, the largest steel producer in South Korea and one of the worlds leading steel producers, have signed a Memorandum of Understanding (MoU) to jointly explore, develop and demonstrate technologies to transition to a low-carbon emission steel value chain.

Key Points: 
  • Rio Tinto and POSCO, the largest steel producer in South Korea and one of the worlds leading steel producers, have signed a Memorandum of Understanding (MoU) to jointly explore, develop and demonstrate technologies to transition to a low-carbon emission steel value chain.
  • Both Rio Tinto and POSCO share the ambition to reach net zero carbon emissions by 2050.
  • The agreement also complements Rio Tintos partnerships with other customers as the industry focusses on developing technologies that support the transition to a low-carbon economy.
  • On the journey to achieving carbon neutrality with Rio Tinto, we can play an important role of finding a way to build a low-carbon steel industry
    Rio Tinto produces materials that are essential to human progress.

Government makes major investment in one of Canada's leading clean technology firms

Retrieved on: 
Wednesday, July 7, 2021
Articles, Resource economics, Energy, Energy economics, Low-carbon economy, Renewable energy economy, Clean technology, General Electric

Canadian companies and innovators are leading in the growing market for clean technologies, which will help us meet our ambitious climate goals and build a more resilient economy.

Key Points: 
  • Canadian companies and innovators are leading in the growing market for clean technologies, which will help us meet our ambitious climate goals and build a more resilient economy.
  • This project will help the Burnaby-based company to manufacture its proprietary solid filter and machine products at a commercial scale.
  • Clean technologies contributed more than $28.8 billion to the Canadian economy in 2019, including the export of approximately $7.05 billion worth of clean technology goods and services.
  • The government is investing $8 billion over seven years to accelerate decarbonization projects with large GHG emitters, the transition to clean technologies, and Canada's industrial transformation across all sectors.

Electriq Power CEO Frank Magnotti to Speak at TD Securities Technology and Energy Transition Conference

Retrieved on: 
Wednesday, July 7, 2021
Articles, Energy, Resource economics, Energy economics, Energy policy, Emissions reduction, Climate change mitigation, Environmental impact of the energy industry, Sustainable energy, Energy transition, Low-carbon economy

SAN LEANDRO, Calif., July 07, 2021 (GLOBE NEWSWIRE) -- Electriq Power (Electriq), a leading provider of intelligent and integrated home energy storage, management, and monitoring solutions, announces that Frank Magnotti, Chief Executive Officer, will speak at the TD Securities Technology and Energy Transition Conference on Tuesday, July 13 at 9:25 am EDT.

Key Points: 
  • SAN LEANDRO, Calif., July 07, 2021 (GLOBE NEWSWIRE) -- Electriq Power (Electriq), a leading provider of intelligent and integrated home energy storage, management, and monitoring solutions, announces that Frank Magnotti, Chief Executive Officer, will speak at the TD Securities Technology and Energy Transition Conference on Tuesday, July 13 at 9:25 am EDT.
  • The conference, held via live webcast on July 12 and 13, will host energy leaders that have developed the expertise to transform the industry and facilitate the transition toward global decarbonization.
  • Electriq Power is an energy storage company developing hardware and software solutions for the clean energy transition.
  • Electriq Power is dedicated to moving the world to a cleaner and more sustainable energy future.

Johnson Controls Launches OpenBlue Net Zero Buildings as a Service

Retrieved on: 
Wednesday, July 7, 2021
Articles, Energy, Energy economics, Resource economics, Sustainable architecture, Environmental design, Low-energy building, Sustainable building, Zero-energy building, Carbon neutrality, Low-carbon economy

CORK, Ireland, July 7, 2021 /PRNewswire/ -- Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, today announced OpenBlue Net Zero Buildings as a Service.

Key Points: 
  • CORK, Ireland, July 7, 2021 /PRNewswire/ -- Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, today announced OpenBlue Net Zero Buildings as a Service.
  • Johnson Controls will provide a one-stop shop for companies looking to achieve net zero carbon and renewable energy goals.
  • Buildings represent about 40% of global emissions and Johnson Controls is uniquely positioned to help customers around the world pursue their net zero carbon goals," said George Oliver, chairman and CEO of Johnson Controls.
  • Supporting this need, Johnson Controls has created a game-changing new offering called OpenBlue Net Zero Advisor.It will deliver real-time, AI-driven tracking and reporting ofsustainability metrics, helping facilities managers ensure and prove the net zero carbon reduction and renewable energy impact of their buildings.

L.E.K. Consulting Pledges Net Zero Carbon Emissions by 2030

Retrieved on: 
Thursday, July 1, 2021
Carbon finance, Greenhouse gas emissions, Climate change policy, Articles, Renewable energy, Energy, Resource economics, Carbon dioxide, Carbon neutrality, Carbon offset, Climate change mitigation, Low-carbon economy

Consulting, the global management consulting firm, has pledged to achieve net zero carbon emissions in its operations by 2030, the firm announced today.

Key Points: 
  • Consulting, the global management consulting firm, has pledged to achieve net zero carbon emissions in its operations by 2030, the firm announced today.
  • has been carbon neutral offsetting its emissions via the purchase of carbon credits and supporting greenhouse gas reduction initiatives since 2008.
  • "Like our clients, we are keenly tuned in to the importance of reducing carbon emissions to society overall.
  • The pillars are tracking emissions; offsetting emissions; changing employee behavior; moving to green energy; and continually innovating and engaging on the sustainability and net zero imperative.