Climate

Trump DOE gives Microsoft partner $1B loan to restart Three Mile Island reactor

Climate /

The Trump administration announced Tuesday it would provide Constellation Energy with a $1 billion loan to restart a nuclear reactor at Three Mile Island. The energy company said last year it would reopen the reactor, which had been shuttered since 2019, after Microsoft committed to purchasing all the electricity from the 835 megawatt power plant […]

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How much of the AI data center boom will be powered by renewable energy?

Climate /

According to a new report from the International Energy Agency, the world will spend $580 billion on data centers this year — $40 billion more than will be spent finding new oil supplies. Those numbers help to illustrate some big shifts in the global economy, and comparing data centers and oil seems particularly apt given

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Boeing has a carbon emissions problem. Startup Charm Industrial is cleaning up.

Climate /

Boeing has signed a deal with startup Charm Industrial to remove 100,000 metric tons of carbon from the atmosphere. Charm collects agricultural and forestry waste and uses heat to turn it into a product it calls “bio-oil,” a messy jumble of hydrocarbons that it injects underground, including into former oil wells. Once sequestered, Charm can

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Tesla Powerwall 2 recall expands to US after reports of fires

Climate /

Tesla is recalling more than 10,000 Powerwall 2 home batteries sold in the U.S. after nearly two dozen confirmed incidents of the units overheating, emitting smoke, or catching fire. The U.S. recall comes just months after Tesla recalled Powerwall 2 batteries in Australia following reports of fires.  In the Australian recall, the battery cells inside

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Kering-backed fund Mirova pours $30.5M into India’s Varaha for regenerative farming

Climate /

Mirova, the French climate-focused investment firm backed by Kering and other corporate heavyweights, has invested $30.5 million (€26.4 million) in Indian climate tech startup Varaha. This investment will help to expand the startup’s regenerative farming program, supporting hundreds of thousands of smallholder farmers in northern India. The deal marks Mirova’s first carbon investment in India,

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Chris Sacca’s VC firm is raising a second nuclear fusion fund 

Climate /

Chris Sacca’s venture firm Lowercarbon Capital is raising a second fund to back nuclear fusion energy hopefuls, the VC said at the SOSV Climate Tech Summit on Thursday, as reported by Bloomberg.   The firm has backed leading fusion startup Commonwealth Fusion Systems, as well as others like Pacific Fusion. It raised a $250 million, fusion-geared fund in 2022. Fusion believers, who include a number

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Google to buy carbon credits from massive Amazonian reforestation project

Climate /

Google announced Thursday it is buying 200,000 metric tons of carbon removal from Mombak, a forest restoration company based in Brazil. The project will buy farmland in the Amazon and reforest it. The deal was made through the Symbiosis Coalition, an advance market commitment intended to develop a market for nature-based carbon removal schemes that

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Millions to receive free electricity in 2026 thanks to Australia’s solar boom

Climate /

For years, Australians have been been installing solar panels at a rapid clip. Now, that investment is paying off.  The Australian government announced this week that electricity customers in three states will get free electricity for up to three hours per day starting in July 2026.  Solar power has boomed in Australia in recent years.

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