Fortescue Metals Group, one of Australia’s leading iron ore producers, has officially broken ground on its innovative Green Metal Project in the Pilbara region of Western Australia. This pioneering project is expected to commence production of green iron by 2025, marking a significant step forward in the global push towards sustainable and eco-friendly industrial practices.
Clearly, a climate intelligence platform using AI to provide fleet operators with unique and critical trip-level emission and energy insights, announced the close of its €3.9 million seed round. The round, led by Pace Ventures and Nine Realms, also saw participation from existing mobility investors Mobilion, Next Gear and M1720 alongside notable angels Lord Nash
Reliance Industries, India’s largest refiner, has resumed crude oil imports from Venezuela, utilizing a naphtha-for-crude swap arrangement. This strategic move comes after the company secured a U.S. license last month to re-engage in oil trade with the sanctioned South American nation. Under the terms of the deal, Reliance will supply naphtha, a refined petroleum product,
Axle Energy, an energy flexibility platform connecting distributed assets with energy markets, has raised €8.3 million in seed funding to accelerate its mission to decarbonise the grid. Accel led the round, with participation from existing investors Picus Capital and Eka Ventures. A number of notable angel investors also participated, including Amit Gudka (founder and CEO
In a groundbreaking discovery, the Massachusetts Institute of Technology (MIT) suggests that old soda cans and seawater could be the key to revolutionizing fuel production and creating a sustainable source of clean energy. MIT engineers have discovered that when pure aluminum from soda cans is exposed to seawater, it creates bubbles and naturally generates hydrogen.
China aims to cut carbon emission from its coal-fired power industry by launching low-carbon upgrades and applying new power generation technologies, according to a government plan. China, the world’s top energy consumer, relies largely on coal which is the most carbon-intensive source of energy. In an action plan jointly issued by the National Development and
Hamad International Airport (DOH) has partnered with Siemens to optimise its district cooling infrastructure, aimed to conserve and reduce energy consumption and support the airport’s growth plans. Completed in November 2023, the project is in line with Hamad International Airport’s environmental sustainability goals, which include reducing carbon efficiency by 30% by 2030. Hamad International Airport’s
The ‘Dubai Green Spine’ project, a vision to transform the Sheikh Mohammad Bin Zayed Road (E311) into a pioneering 64-km-long sustainable corridor, has been unveiled. Spearheaded by URB and developed by its ambitious research arm, EPIC Lab, this transformative project aligns with the Dubai 2040 Urban Master Plan. It aims to revolutionise urban mobility, elevate
The energy flexibility platform Orus Energy has raised a €2.2 million pre-seed round to help decarbonise the power grid. The company has built a demand-side flexibility platform enabling commercial building operators to automatically shift energy consumption during peak energy periods. The funding round was led by top tier European venture capital firm b2venture and top
For months, Philip Matthias tried to convince his father to install solar panels on their company’s roof in the eastern German state of Thuringia, aiming to cut electricity costs and carbon emissions at the metal products factory. Initially sceptical of the 2.3-million-euro ($2.5 million) investment, a substantial sum for the medium-sized Tridelta, his father crunched
