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RIFT Raises €11 Million for Decarbonized Industrial Heat Solution

ESG Today

million) in Series A funding aimed at advancing its technology to decarbonize industrial heat. Founded in 2020, RIFT provides Iron Fuel Technology, which operates like a rechargeable battery for heat generation. RIFT believes that its system will decarbonize industrial heat, reducing 1 Gigaton of CO₂ annually from 2050 onwards.

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Clean Fuel Startup Amogy Raises $80 Million to Decarbonize Shipping, Power Generation

ESG Today

Founded in 2020, Brooklyn, New York-based Amogy offers ammonia-based, emission-free, high energy-density power solutions aimed at decarbonizing hard-to-abate sectors such as heavy-duty transportation, maritime, power generation, and heavy industry.

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Meta Turns to Nuclear Energy to Decarbonize AI Buildout

ESG Today

In the companys 2024 Sustainability Report, Meta said that while it has maintained net zero in its operations since 2020, its 2030 net zero value chain goal will be significantly harder to achieve, adding that the challenge of reaching our sustainability goals given the increased demand for energy and resources driven by AI is not unique to Meta.

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Can Quebec turn its green battery dreams into a reality?

Corporate Knights

“We’re setting up a kind of ecosystem.” The provincial government touts itself as the first in the country to develop a critical minerals strategy, which it first released in 2020. As long as we still want to decarbonize the planet, this is a very sound strategy.

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Building Resilient Clean Energy Supply Chains: The Role of Infrastructure and Investment

3BL Media

Clean energy technologies like solar panels, wind turbines, electric vehicles (EV), and batteries are the building blocks of a decarbonized future, but producing and deploying these technologies at scale can bring with them significant supply chain headaches. between 2018 and 2020 were imported, with most components still coming from China.

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EU Cuts Greenhouse Gas Emissions by More than 8% in 2023

ESG Today

COVID-19-driven drop in 2020 (which was followed by a 4.8% Net greenhouse gas (GHG) emissions across the EU fell by 8.3% in 2023, according to a new report released by the European Commission, marking one of the largest declines in decades, with the exception of a 9.8%

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TotalEnergies Acquires Renewable Energy Developer VSB for $1.7 Billion

ESG Today

Partners Group acquired VSB in 2020, and the firm said that VSB’s project pipeline has more than doubled, and EBIDTA has grown by five times, as the company has benefited from ongoing tailwinds including corporate decarbonization goals, regulatory support for clean energy, and an increased focus on energy independence.