Deep Decarbonization Pathways Project

S&P Global Releases Special COP28 Sustainability Report highlighting the need for a more expedited energy transition

Retrieved on: 
Wednesday, November 29, 2023
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NEW YORK and LONDON, Nov. 29, 2023 /PRNewswire/ -- With political and business leaders due to begin gathering in Dubai this week for this year's UN Climate Change Conference, S&P Global has released new research highlighting the need for an expedited energy transition, in a special edition of its quarterly sustainability report titled, "Advancing the Transition."

Key Points: 
  • It explores key aspects of the transition, including evolving climate disclosure rules, steps that automakers are taking to decarbonize, and physical risks that climate change poses to countries and companies absent significant global action.
  • Navigating CSRD: Global implications and corporate readiness : EU corporate sustainability reporting rules are evolving, and S&P Global Market Intelligence explores implications for other parts of the world.
  • : How will financial institutions respond to ever-changing regulations and policies on net-zero GHG commitments, stakeholder pressures and competing energy technologies?
  • Islamic finance's role in the climate transition : Global harmonization of Islamic finance principles could smooth the process for issuing sustainable sukuk to fund climate change mitigation measures in core markets.

Fidelis New Energy's Norne Carbon Storage Hub Declared a Project of Common Interest by the European Union

Retrieved on: 
Monday, November 27, 2023
Carbon, CCS, CCUS, PCI, European Commission, Entrepreneurship, CO2, Geology, Deep Decarbonization Pathways Project, European, Projects of Common Interest, Transport, Renewable energy, NorNed

COPENHAGEN, Denmark, Nov. 27, 2023 /PRNewswire/ -- The European Commission announced today that it has selected the Norne Carbon Storage Hub ("Norne") to be a Project of Common Interest ("PCI"), a priority category of strategic cross-border infrastructure projects. Launched by Fidelis New Energy ("Fidelis") in 2021, Project Norne has been designed to be a large-scale, vertically integrated onshore CO2 transportation and storage network in Denmark, supporting decarbonization efforts across Europe. 

Key Points: 
  • The European Union has designated the onshore Norne Carbon Storage Hub as a Project of Common Interest to promote the safe and efficient storage of European CO2 emissions in Denmark.
  • Launched by Fidelis New Energy ("Fidelis") in 2021, Project Norne has been designed to be a large-scale, vertically integrated onshore CO2 transportation and storage network in Denmark, supporting decarbonization efforts across Europe.
  • The Aalborg Declaration confirms the importance of European cross-border infrastructure that enables carbon capture, utilization, and storage (CCUS) to reach Danish and European climate goals.
  • "We are excited that the Norne Carbon Storage Hub has been identified as a strategic priority by the European Union as a Project of Common Interest.

Fidelis New Energy's Norne Carbon Storage Hub Declared a Project of Common Interest by the European Union

Retrieved on: 
Monday, November 27, 2023
Carbon, CCS, CCUS, PCI, European Commission, Entrepreneurship, CO2, Geology, Deep Decarbonization Pathways Project, European, Projects of Common Interest, Transport, Renewable energy, NorNed

COPENHAGEN, Denmark, Nov. 27, 2023 /PRNewswire/ -- The European Commission announced today that it has selected the Norne Carbon Storage Hub ("Norne") to be a Project of Common Interest ("PCI"), a priority category of strategic cross-border infrastructure projects. Launched by Fidelis New Energy ("Fidelis") in 2021, Project Norne has been designed to be a large-scale, vertically integrated onshore CO2 transportation and storage network in Denmark, supporting decarbonization efforts across Europe. 

Key Points: 
  • The European Union has designated the onshore Norne Carbon Storage Hub as a Project of Common Interest to promote the safe and efficient storage of European CO2 emissions in Denmark.
  • Launched by Fidelis New Energy ("Fidelis") in 2021, Project Norne has been designed to be a large-scale, vertically integrated onshore CO2 transportation and storage network in Denmark, supporting decarbonization efforts across Europe.
  • The Aalborg Declaration confirms the importance of European cross-border infrastructure that enables carbon capture, utilization, and storage (CCUS) to reach Danish and European climate goals.
  • "We are excited that the Norne Carbon Storage Hub has been identified as a strategic priority by the European Union as a Project of Common Interest.

Shanghai Electric Showcases Six Low-Carbon Energy Solutions at Enlit Asia 2023

Retrieved on: 
Friday, November 17, 2023
Shanghai Electric, Carbon, Deep Decarbonization Pathways Project, Hydrogen, Construction, ICE, Vietnamese, Multimedia, Electrolysis, Chemical engineering, Engineering, PEM, Deaerator, EPC, Renewable energy, Coal, Ninh Thuận province

JAKARTA, Indonesia, Nov. 17, 2023 /PRNewswire/ -- Shanghai Electric (SEHK:2727, SSE:601727) showcases six of its flagship low-carbon energy solutions designed to empower a sustainable future at Enlit Asia 2023, slated to be held at the Indonesia Convention Exhibition (ICE) in Indonesia from November 14 to 16.

Key Points: 
  • JAKARTA, Indonesia, Nov. 17, 2023 /PRNewswire/ -- Shanghai Electric (SEHK:2727, SSE:601727) showcases six of its flagship low-carbon energy solutions designed to empower a sustainable future at Enlit Asia 2023, slated to be held at the Indonesia Convention Exhibition (ICE) in Indonesia from November 14 to 16.
  • "At Shanghai Electric, we strategically combine traditional and new energy, with priorities setting on efficiency improvements on fossil fuel-based power sources to facilitate global energy transition in a healthy way.
  • Our participation in Enlit Asia reflects our commitment to this path as we provide our experience, technology, and solutions to supercharge the energy evolution," said Zhang Hongbin, Director of the New Energy Development Department of Shanghai Electric.
  • Taking center stage is Shanghai Electric's full suite of clean coal-fired energy solutions, with the product range spanning from 350MW to 1350MW.

GE Vernova Joins Greentown Labs as a Terawatt Partner

Retrieved on: 
Tuesday, November 7, 2023
Terawatt, Deep Decarbonization Pathways Project, Health, Heart, Incubation, Electricity, Trillium Power Wind 1, Electrification, Quality of life, GE, Partnership, General Electric, Safety, Renewable energy, Wind

SOMERVILLE, Mass. and HOUSTON, Nov. 7, 2023 /PRNewswire/ -- Greentown Labs, the largest climatetech incubator in North America, today announced GE Vernova as its newest Terawatt Partner—the highest level of engagement with the incubator.

Key Points: 
  • and HOUSTON, Nov. 7, 2023 /PRNewswire/ -- Greentown Labs , the largest climatetech incubator in North America, today announced GE Vernova as its newest Terawatt Partner—the highest level of engagement with the incubator.
  • GE Vernova is a planned, purpose-built global energy company that includes Power, Wind, and Electrification businesses.
  • With its new headquarters and partnership with Greentown, GE Vernova has situated itself in the heart of climatetech innovation and endeavors to be the partner of choice for climate-focused startups, including Greentown's more than 200 members .
  • "GE Vernova embodies what we're looking for in a partner: energy transition expertise with a deep commitment and passion for innovation, collaboration, and decarbonization," said Greentown Labs CEO and President Kevin Knobloch .

Schneider Electric and U.S. Air Force Enhance Energy Resilience and Mission Readiness in Critical Asia-Pacific Region Through $406M Performance Contract

Retrieved on: 
Wednesday, November 1, 2023
CHP, Schneider Electric, Yokota Air Base, Defense Finance and Accounting Service, Weather, Deep Decarbonization Pathways Project, U.S. Department of Defense Strategy for Operating in Cyberspace, Water, United States Department of Defense, United States Department of the Air Force, The, Energy, Emergency, Automation, Carbon, ESPC, Electricity, Maintenance, Senior, United States federal executive departments, LED, ESCO, Military, Air force, Renewable energy, Pacific Ocean

In total, the project is expected to reduce the base's energy and water costs by 29.3%, saving $12.3 million per year.

Key Points: 
  • In total, the project is expected to reduce the base's energy and water costs by 29.3%, saving $12.3 million per year.
  • Yokota Air Base selected Schneider Electric as the development, implementation, and long-term support provider for the project.
  • Schneider Electric worked closely with Yokota Air Base's leadership to build a holistic, modernized energy solution that creates an umbrella of resiliency across the base.
  • For more information about Yokota Air Base and Schneider Electric's innovative energy solutions, visit www.yokota.af.mil and perspectives.se.com/performance-contracting .

Renewable Products Industry Leader Andy Shafer joins Gevo to Lead Marketing, Customer Relationships, and Branding

Retrieved on: 
Wednesday, October 18, 2023
Gevo, Chemical engineering, Arizona State University, Notre Dame, Economics, Carbon, MBA, Engineering, Thunderbird School of Global Management, University of Minnesota College of Science and Engineering, Deep Decarbonization Pathways Project, Aviation, Growth, Carlson School of Management, Dow Chemical Company, University, GEVO, Management, NatureWorks

ENGLEWOOD, Colo., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) is pleased to announce that Andy Shafer has been hired as Chief Marketing, Customer, and Brand Officer to lead the strategies for product launch and brand positioning for the company.

Key Points: 
  • ENGLEWOOD, Colo., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) is pleased to announce that Andy Shafer has been hired as Chief Marketing, Customer, and Brand Officer to lead the strategies for product launch and brand positioning for the company.
  • Shafer has a unique understanding of the dynamics required for success in a diverse set of business environments.
  • Shafer then went on to lead the launch and growth of Elevance Renewable Sciences, Inc., where he focused on strategic collaborations and brand development.
  • “Andy brings ‘been-there-done-that’ experience in the bio-based products world that we’re ready for at Gevo,” said Gevo CEO Dr. Patrick Gruber.

CLIMATE ACTION 100+ NET ZERO COMPANY BENCHMARK SHOWS CONTINUED PROGRESS ON AMBITION CONTRASTED BY A LACK OF DETAILED PLANS OF ACTION

Retrieved on: 
Wednesday, October 18, 2023
Benchmark, Deep Decarbonization Pathways Project, Coal, Disclosure, International Energy Agency, IEA, Risk, Capital expenditure, GHG, Climate, Paris Agreement, NZE, Climate change, Renewable energy, Online shopping, Sales

The results show that most focus companies are not moving fast enough to decarbonize and reduce investors' risk.

Key Points: 
  • The results show that most focus companies are not moving fast enough to decarbonize and reduce investors' risk.
  • In 2023, the Disclosure Framework shows that companies have continued to perform well with respect to long-term GHG reduction targets, medium-term GHG reduction targets and TCFD-aligned disclosure.
  • The Disclosure Framework assessments show:
    More companies are disclosing details on their net zero transition plans, but quantification of individual decarbonisation levers is lacking.
  • The CapEx plans of oil and gas companies across the board are not aligned with the Paris Agreement goals.

Elemental Excelerator to Fund 15 Climate Companies in 12th Cohort

Retrieved on: 
Tuesday, October 17, 2023
Carbon, Foot, Food, Investment, Health, Climate, Geography, Magnesium, Recycling, City, Climate change, Nutrient, Urbanization, Plant, Agriculture, Gradient, Cure, Vegetable, GHG, CO2, Glacier, Heat, Fats, Elemental, Transport, Future, ACS, Biotechnology, EVS, EV, EAST, Palm oil, Deep Decarbonization Pathways Project, Soil, Workforce, Glossary of HVAC terms, Sodium, Oil, Lithium, Policy, Biorefinery, Natural Resources, Nickel, Atmosphere, Renewable energy, Hunting

HONOLULU and EAST PALO ALTO, Calif. , Oct. 17, 2023 /PRNewswire/ -- Elemental Excelerator, a leading nonprofit investor in climate technology for deep community impact, introduced its latest cohort, bringing its total amount of investments to $79M. With this latest cohort, Elemental is infusing another $12.5M into climate solutions and will spearhead the development of 15 transformative technologies crucial for heating and cooling our homes, reimagining critical resource extraction, advancing carbon removal and transforming our food system. These 15 climate companies will join an existing portfolio of more than 150 investments.

Key Points: 
  • These 15 climate companies will join an existing portfolio of more than 150 investments.
  • Elemental is expanding its support for visionary entrepreneurs who are addressing climate challenges in innovative ways.
  • Of the $12.5M invested in Cohort 12, $7.2M is allocated to companies with traditionally excluded CEOs either by gender or race/ethnicity.
  • Elemental's 12th cohort focuses on a range of societal challenges, including sustainable urbanization, building decarbonization, electric vehicle charging, last-mile logistics, recycling optimization and regenerative food production.

Origin Materials Announces Commencement of Commercial-Scale Production at Origin 1

Retrieved on: 
Wednesday, October 11, 2023
Packaging, Engineering, Chemicals, Plastics, Environment, Forest Products, Manufacturing, Natural Resources, HTC, Carbon, Entrepreneurship, Deep Decarbonization Pathways Project, CMF, Oil, Origin, Textile, Advanced glycation end-product, Fine chemical

Origin Materials , Inc. (“Origin,” “Origin Materials,” or the “Company”) (NASDAQ: ORGN, ORGNW), the world’s leading carbon negative materials company with a mission to enable the world’s transition to sustainable materials, today announced the commencement of commercial-scale production at Origin 1, located in Sarnia, Ontario, Canada, the first commercial plant of its kind.

Key Points: 
  • Origin Materials , Inc. (“Origin,” “Origin Materials,” or the “Company”) (NASDAQ: ORGN, ORGNW), the world’s leading carbon negative materials company with a mission to enable the world’s transition to sustainable materials, today announced the commencement of commercial-scale production at Origin 1, located in Sarnia, Ontario, Canada, the first commercial plant of its kind.
  • The state-of-the-art plant scales up the Company’s core technology platform for converting sustainable wood residues into intermediate chemicals, including CMF, HTC, and oils and extractives.
  • “This start of production at Origin 1 is a key inflection point in our effort to decarbonize the world’s physical goods,” said John Bissell, Co-Founder and Co-CEO of Origin Materials.
  • We are excited to expand the deployment of our platform now that we have achieved commercial-scale production.”