Speeding Up Transition to Renewables Can Cut Power Generation Costs in Half, Says Wärtsilä
Wärtsilä outlines the benefits of an accelerating renewables adoption, which include...
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Stem Inc’s Smart Energy Storage, Virtual Power Plants to Bring Performance Improvements to Customers
The technology behind these capabilities is Athena, Stem’s smart energy storage software. Using advanced artificial intelligence and machine learning, Athena “continuously collects electricity usage data, creating a virtuous cycle of learning and deep insights to better inform its AI-driven algorithm.”
Cabot Corporation Executes $1 Billion Sustainability-Linked Revolving Credit Facility
Cabot Corporation has announced the execution of its new $1 billion unsecured revolving credit facility. With this transaction, Cabot has replaced its existing $1 billion unsecured revolving credit agreement that was scheduled to mature in October of 2022.
Michelin Begins Construction on its First Tire Recycling Plant
Michelin is launching construction on its first tire recycling plant in collaboration with Enviro, a Swedish company that has developed a patented technology to recover carbon black, oil, steel and gas from end-of-life tires.
Ocean Spray Launches Plastic Packaging Recycling Program
Ocean Spray Cranberries launched a free recycling program this week that allows consumers to recycle the company’s flexible plastic packaging for dried cranberries.
Nestlé Invests Millions in New Sustainable Packaging Initiatives
Nestlé began ramping up efforts to reach the company’s 2025 sustainable packaging goals. This includes investing millions of dollars in a fund that supports the transition from virgin plastics to food-grade recycled plastics in the US.
Unilever Seeks to Eliminate Fossil Fuel from Cleaning Products
Unilever announced plans to eliminate fossil fuels from its cleaning products by 2030. The company anticipates moving to sourcing renewable or recycled carbon for cleaning and laundry product formulations.
BNP Paribas Closes First Environment-Linked Revolving Credit Facility
BNP Paribas today announced it has closed a $100 million syndicated Revolving Credit Facility (RCF) structured as a sustainability-linked loan (SLL) with Empresas CMPC S.A. (CMPC), a Chilean pulp and paper company.
‘Path to 100%’ Community of Experts Pursue Solutions for Global Renewable Energy Goals
Today, Wärtsilä is announcing their efforts to put together an international community of renewable energy experts, researchers, business leaders, and journalists to power a “Path to 100%” initiative.
Antofagasta Signs Renewable PPA for Copper Mine Operations
International mining company Antofagasta signed a new power purchase agreement this week to bring 100% renewable energy to its Centinela copper mine in Chile.
Coronavirus to Cause Decrease in Spending on Infrastructure and Water Projects: Survey
Despite the fact that social infrastructure and water projects, such as clean water and wastewater operations, are identified as top priorities from private and public sector entities from around the world, a new survey shows that global industry leaders are not hopeful about an increase in infrastructure spending following the worldwide spread of the coronavirus.
Google Cuts NYC Facilities Emissions in Half Six Years Early
Google reports that the company reduced its 2011 greenhouse emission levels from office facilities in New York City 54% ahead of the original 2025 goal.