Emissions reduction

Cross Carbon Ventures Announces Formation of Carbon Capture Development Partnership

Retrieved on: 
Friday, July 30, 2021

Svante Inc., Enbridge Inc. (TSX: ENB) (NYSE: ENB), Cross River Infrastructure Partners LLC, and OTS Ltd., have entered into a commercial Memorandum of Understanding that establishes Cross Carbon Ventures (CCV), an independent carbon capture development partnership.

Key Points: 
  • Svante Inc., Enbridge Inc. (TSX: ENB) (NYSE: ENB), Cross River Infrastructure Partners LLC, and OTS Ltd., have entered into a commercial Memorandum of Understanding that establishes Cross Carbon Ventures (CCV), an independent carbon capture development partnership.
  • CCV will explore commercial opportunities in North America to develop, build, own and operate carbon capture projects for carbon intensive industries seeking to decarbonize their operations.
  • CCV will target the decarbonization of emissions by heavy industries including cement, steelmaking, petroleum refining, and large-scale hydrogen production through the development of point-source carbon capture projects.
  • Cross River Infrastructure Partners LLC is a platform of development companies deploying industry-leading climate technologies and sustainable infrastructure projects across carbon capture and carbon utilization, sustainable protein, clean fuels and clean energy.

Government investing in Hamilton's steel industry to support good jobs and significantly reduce emissions

Retrieved on: 
Friday, July 30, 2021

By investing in clean technology, we will create good middle-class jobs, strengthen our economy, cut pollution and build back better for all Canadians.

Key Points: 
  • By investing in clean technology, we will create good middle-class jobs, strengthen our economy, cut pollution and build back better for all Canadians.
  • This investment will support a $1.765-billion project to convert the steel production process and phase out coal-fired steelmaking at its facilities in Hamilton, Ontario.
  • Together with the Algoma Steel project announced on July 5, 2021, the two projects will reduce GHG emissions by up to 6 million tonnes per year.
  • The steel industry currently accounts for 7% of global GHG emissions from the energy industriesequal to global aviation, shipping and chemicals emissions combined.

Xcel Energy Co-Chairs, Invests in Fund Designed to Support Diversity, Equity and Inclusion

Retrieved on: 
Wednesday, July 28, 2021

Xcel Energy announced today that it is co-chairing and investing in Energy Impact Partners Elevate Future Fund (Elevate) as a founding, limited partner.

Key Points: 
  • Xcel Energy announced today that it is co-chairing and investing in Energy Impact Partners Elevate Future Fund (Elevate) as a founding, limited partner.
  • Energy Impact Partners is a global investment platform that supports the development of new, clean energy technologies, and Xcel Energy is a long-time investor in the company.
  • Xcel Energy is deeply committed to building an energy future that reflects the rich diversity of the communities that we serve.
  • We are pleased and proud to have the opportunity to both invest in and co-chair the Elevate Fund, said Ben Fowke, CEO and chairman of Xcel Energy.

Southern Company makes founding investment in Elevate Future Fund to drive diversity, equity, and inclusion in the energy industry

Retrieved on: 
Wednesday, July 28, 2021

ATLANTA, July 28, 2021 /PRNewswire/ -- Southern Company, a leading U.S. energy company serving 9 million customers, announced today that it has made the founding investment in Elevate Future Fund ("Elevate"), a sub-fund of Energy Impact Partners (EIP), a global investment platform leading the transition to a sustainable energy future.

Key Points: 
  • ATLANTA, July 28, 2021 /PRNewswire/ -- Southern Company, a leading U.S. energy company serving 9 million customers, announced today that it has made the founding investment in Elevate Future Fund ("Elevate"), a sub-fund of Energy Impact Partners (EIP), a global investment platform leading the transition to a sustainable energy future.
  • Southern Company became the Founding Partner of EIP in 2015 and already serves as the Chair of its flagship funds.
  • "I look forward to working with Southern Company on creating a more equitable, diverse and inclusive energy transition through the Elevate Future Fund," said Anthony Oni, Managing Partner of the Elevate Future Fund at Energy Impact Partners.
  • Energy Impact Partners, LP (EIP) is a global investment platform leading the transition to a sustainable energy future.

PPL Corporation joins Energy Impact Partners' global investment platform to foster innovation and accelerate clean energy transition

Retrieved on: 
Wednesday, July 28, 2021

ALLENTOWN, Pa., July 28, 2021 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced it is expanding its efforts to advance clean energy technologies by joining Energy Impact Partners' global investment platform, which brings together leading companies and entrepreneurs worldwide to foster innovation toward a sustainable energy future.

Key Points: 
  • ALLENTOWN, Pa., July 28, 2021 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced it is expanding its efforts to advance clean energy technologies by joining Energy Impact Partners' global investment platform, which brings together leading companies and entrepreneurs worldwide to foster innovation toward a sustainable energy future.
  • Collaboration with EIP will provide PPL greater visibility into emerging technologies that can be leveraged to advance the clean energy transition.
  • "Investing in research and development is a key component of PPL's clean energy strategy," said PPL President and Chief Executive Officer Vincent Sorgi.
  • Energy Impact Partners, LP (EIP) is a global investment platform leading the transition to a sustainable energy future.

Sustainability Roundtable Strikes Partnership with LevelTen Energy to Help Medium-Sized Businesses Meet Ambitious Renewable Energy Goals

Retrieved on: 
Wednesday, July 28, 2021

CAMBRIDGE, Mass., July 28, 2021 /PRNewswire-PRWeb/ --Today Sustainability Roundtable Inc. (SR Inc.) , a leader in outsourced environmental, social, and governance management, and LevelTen Energy , the leading provider of renewable transaction infrastructure, announced a new partnership that will help medium-sized businesses set and meet more ambitious and credible renewable energy goals through aggregated procurements of new, utility-scale renewable energy.

Key Points: 
  • CAMBRIDGE, Mass., July 28, 2021 /PRNewswire-PRWeb/ --Today Sustainability Roundtable Inc. (SR Inc.) , a leader in outsourced environmental, social, and governance management, and LevelTen Energy , the leading provider of renewable transaction infrastructure, announced a new partnership that will help medium-sized businesses set and meet more ambitious and credible renewable energy goals through aggregated procurements of new, utility-scale renewable energy.
  • SR Inc. estimates that most U.S. and European businesses require less than 20 megawatts (MW) of new renewable energy capacity to meet ambitious emission reduction goals.
  • Consequently, the market for corporate procurement of utility-scale renewable energy has been dominated by the world's largest energy users.
  • And it is at utility scale that renewable energy projects are increasingly cost superior to fossil fuel generation.

Hydro One announces sustainability commitments and path to net-zero greenhouse gas emissions by 2050 and a 30 per cent reduction by 2030

Retrieved on: 
Wednesday, July 28, 2021

TORONTO, July 28, 2021 /PRNewswire/ - Today, Hydro One announced its plans to achieve net-zero greenhouse gas (GHG) emissions by 2050, with a target to achieve a 30 per cent GHG emissions reduction by 2030.

Key Points: 
  • TORONTO, July 28, 2021 /PRNewswire/ - Today, Hydro One announced its plans to achieve net-zero greenhouse gas (GHG) emissions by 2050, with a target to achieve a 30 per cent GHG emissions reduction by 2030.
  • "At Hydro One, we recognize the vital role we play in energizing life for Ontarians," said Mark Poweska, President and CEO, Hydro One.
  • "I commend Hydro One for helping Ontario achieve its emissions reduction targets, because clean, green growth is our province's way forward."
  • In addition to its net-zero by 2050 target, Hydro One also committed to greeningits fleet, supporting Indigenous businesses and communities and increasing employment diversity.

Energy Impact Partners and its Global Corporate Partners Launch Elevate Future Fund to Advance Diversity, Equity and Inclusion in the Energy Transition 

Retrieved on: 
Wednesday, July 28, 2021

Energy Impact Partners LP (EIP), a global investment platform leading the transition to a sustainable energy future, announced today its Elevate Future Fund (Elevate or Fund), which aims to create a more diverse founder community and inclusive venture capital ecosystem within the broader energy transition.

Key Points: 
  • Energy Impact Partners LP (EIP), a global investment platform leading the transition to a sustainable energy future, announced today its Elevate Future Fund (Elevate or Fund), which aims to create a more diverse founder community and inclusive venture capital ecosystem within the broader energy transition.
  • As we reshape the low carbon economy of the future, it is important that this future is equitable, diverse and inclusive.
  • Xcel Energy is deeply committed to building an energy future that reflects the rich diversity of the communities that we serve.
  • Energy Impact Partners, LP (EIP) is a global investment platform leading the transition to a sustainable energy future.

JERA Americas Announces Hydrogen Fuel Blending Plans in Support of Net Zero CO2 Goals

Retrieved on: 
Tuesday, July 27, 2021

JERA Americas, the US-based subsidiary of global energy leader JERA, has announced plans to blend hydrogen at two plants, where it has ownership interests, in support of reducing CO2 emissions.

Key Points: 
  • JERA Americas, the US-based subsidiary of global energy leader JERA, has announced plans to blend hydrogen at two plants, where it has ownership interests, in support of reducing CO2 emissions.
  • We support that goal and will also be working toward the same net zero CO2 emission goals here in North America.
  • The Company has made initial progress toward that goal with plans to employ hydrogen fuel blending in its US power generation portfolio.
  • Under its JERA Zero CO2 Emissions 2050 objective, JERA has been working to eliminate CO2 emissions from its domestic and overseas businesses by 2050.

Inspire Clean Energy Announces Acquisition by Shell to Accelerate Mission of Achieving a Net-Zero Carbon Future

Retrieved on: 
Tuesday, July 27, 2021

As part of Shell, Inspire intends to rapidly scale its offering of access to sustainable energy to U.S. households.

Key Points: 
  • As part of Shell, Inspire intends to rapidly scale its offering of access to sustainable energy to U.S. households.
  • "We look forward to joining Shell's talented team to achieve our energy transition goals together," said Patrick Maloney, Founder & CEO of Inspire.
  • "Our goal is to become a major provider of renewable and low-carbon energy, and this acquisition moves us a step closer to achieving that," said Elisabeth Brinton, Executive Vice President of Renewables & Energy Solutions at Shell.
  • With Inspire, members receive access to clean energy and peace of mind from a predictable price for their home's electricity supply.