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Canada-based Charbone Hydrogen Corporation and ABB have signed a Memorandum of Understanding to develop up to 15 modular green hydrogen production facilities across North America over the next five years. This collaboration positions ABB as the preferred supplier for electrical substations and potentially automation solutions. The initiative supports the Québec government’s 2030 energy roadmap to reduce petroleum consumption by one billion liters annually. The first facility, located in Sorel-Tracy, Québec, will connect to the Hydro-Québec grid by 2025, using hydroelectricity to power green hydrogen electrolyzers.

US-based Lloyd’s Register (LR) joined a cross-industry group of large energy users in signing a pledge to triple global nuclear capacity by 2050. The group includes Amazon, Google, Meta, Dow, Occidental, Allseas, OSGE, and IHI, along with 14 major global banks and financial institutions, 140 nuclear industry companies, and 31 countries. This initiative, facilitated by the World Nuclear Association, aims to enhance energy security and resiliency by expanding nuclear power. The pledge highlights nuclear energy’s potential to support electrification and industrial processes, advocating for equal access to finance for nuclear energy.

US-based Terabase Energy has secured $130 million in a Series C financing round led by SoftBank Vision Fund 2, bringing its total funding to over $200 million. The funding will accelerate the deployment of Terabase’s technologies for large solar projects, reducing costs and construction timelines. Terabase’s platform, which combines robotics, AI, and a digital ecosystem, will support the manufacturing scale-up of its robotics-assisted assembly line, Terafab. This investment comes as breakthroughs in battery storage economics enable solar power plants to deliver cost-competitive electricity 24/7.

AIIB and IFC each invested up to €100 million in a senior unsecured bond issued by Kommunalkredit Austria AG. This investment aims to finance infrastructure projects in Central and Eastern Europe, specifically focusing on renewable energy capacity and reducing carbon footprints in Bulgaria, Hungary, Poland, Romania, and Türkiye. The initiative is part of the European Green Deal, accelerating the green energy transition in these regions.

South Korea has seen a collaboration between Eve Air Mobility and UI Helicopter to advance the Advanced Air Mobility (AAM) ecosystem. The two companies signed a Memorandum of Understanding to introduce eVTOL technical, operational, and ecosystem requirements to the local government and industry. This partnership aims to develop a technically rigorous AAM infrastructure, leveraging Eve’s resources and UI Helicopter’s local expertise. The initiative aligns with South Korea’s efforts to enhance Urban Air Mobility, including the K-UAM Grand Challenge, and aims to improve connectivity and stimulate local economies.

Italy-based Volotea has partnered with 280 Earth, a Google X Lab startup, to explore high-quality carbon credits and develop certified emission reduction projects. This two-year collaboration marks 280 Earth’s entry into the European market. Volotea aims to reduce CO2 emissions per passenger-kilometer by 50% by 2030, potentially achieving this goal 4-5 years early. 280 Earth specializes in Direct Air Capture technology, with a plant in Oregon capable of removing 500 tons of CO2 annually, expanding to 20,000 tons.

Netherlands-based Carbyon, a cleantech start-up founded by Hans De Neve, has developed an innovative CO2 filtration technology. The company, supported by TNO, aims to capture billions of tonnes of CO2 from the air. Carbyon’s new filter works 200 times faster than traditional ones and is scalable and cost-effective. The company plans to build its first outdoor machine on the High Tech Campus in Eindhoven, with the goal of exporting the technology globally.

US-based Archer Aviation Inc. and Palantir Technologies Inc. announced a partnership to build the AI foundation for next-gen aviation technologies. They plan to leverage Palantir Foundry and AIP to scale Archer’s aircraft manufacturing capabilities in Georgia and Silicon Valley. The collaboration aims to develop AI-driven software for aviation systems like air traffic control and route planning, enhancing efficiency, safety, and affordability. The partnership was formalized at Palantir’s AIPCon with CEOs Alex Karp and Adam Goldstein.

Washington state’s cap-and-invest program continues to show the power of state policies that cut pollution and raise funds for their communities. The first auction of the year generated approximately $230 million in revenue, which will be invested into various projects aimed at enhancing climate resilience, creating jobs, and improving air quality. This quarter’s auction recorded a price of $50.00 per allowance, significantly higher than the previous auction price. The revenue generated will support initiatives such as electrified public transportation, renewable energy infrastructure, and wildfire prevention, demonstrating a robust commitment to sustainable practices.

The UK Government has announced a historic investment of £5 billion to support sustainable food production. This funding will assist farmers over a two-year period, enabling record participation with 50,000 farm businesses and over half of all farmed land managed under environmental land management schemes. A cap of £1.05 billion was reached for the Sustainable Farming Incentive (SFI) scheme for the years 2024/25 and 2025/26. All allocated funds have been paid to farmers or committed through existing agreements. The government is committed to transparency and will provide updates on the SFI program moving forward.

Angola has secured over $60 billion in commitments for upcoming oil and gas projects, attracting both established and new operators. The National Agency for Petroleum, Gas and Biofuels (ANPG) is implementing a strategy that streamlines licensing processes, reducing response timelines for investment proposals to under 30 days. Furthermore, the agency is focusing on increasing private sector investments while ensuring high returns. Angola’s oil production has maintained average production above 1.1 million barrels per day despite global energy demand challenges, showing commitment to enhancing its energy market position.

The UK government has achieved a landmark of 75,000 public electric vehicle (EV) chargers, with a charger added to the network every 29 minutes. Supported by an investment of over £2.3 billion, the initiative aims to assist industry and drivers in transitioning to EVs, bolstering job creation and emphasizing clean energy capabilities. Transport Secretary Heidi Alexander highlighted ongoing and future expansions, including an additional 100,000 chargers in rural areas supported by £381 million from the Local Electric Vehicle Infrastructure Fund.

The Minnesota House Transportation Finance and Policy Committee approved HF748, a bill focused on reducing the state’s greenhouse gas emissions targets. Sponsored by Rep. Jon Koznick (R-Lakeville), the bill passed by an 8-7 party-line vote. It aims to change existing regulations that require state road and bridge projects to financially bear the burden of emission reductions without sufficient funding. The legislation narrows the scope of projects triggering assessments, prioritizing safety projects when emissions cannot be mitigated.

Banco do Brasil received a Trade Finance Guarantee (TFG) program from MIGA to support trade-related transactions in Brazil, with commitments of up to $700 million over three years. The program focuses on financing for Micro, Small, and Medium-sized Enterprises (MSMEs) and includes funding for renewable energy initiatives like biofuels and solar power. The first facility under this program involves $400 million in loans to support these activities, contributing to sustainable production and climate change mitigation.

GE Vernova Inc. and Energy Systems Group were shortlisted to explore advanced geothermal solutions for U.S. military bases. This initiative aims to provide reliable, cost-effective electricity at around 50 DoD sites, ensuring energy resilience during grid outages. The project is backed by the Energy & Geoscience Institute at the University of Utah and will focus on utilizing geothermal energy to support national security.