Oorja Fuel Cells

Amazon | February 17, 2020

Amazon founder Jeff Bezos says that he plans to spend 10 billion US dollars (£7.7 billion) of his own fortune to help fight climate change. Mr Bezos, the world’s richest man, said in an Instagram post that he will start giving grants this summer to scientists, activists and nonprofits working to protect the earth. “I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change,” Mr Bezos said in the post. Amazon, the compa...

Grid Environment

Amazon | September 13, 2023

Amazon makes its first investment in direct air capture technology to combat climate change. Amazon commits to purchasing 250,000 metric tons of carbon removal over a decade from 1PointFive's STRATOS DAC plant. The Climate Pledge Fund also invests in CarbonCapture Inc., known for modular DAC systems designed for cost-effective CO2 removal. The Intergovernmental Panel on Climate Change (IPCC) emphasizes the need for DAC and other sol...

Blackstone | January 14, 2020

Private equity giant Blackstone is recapitalizing a U.S. solar power company with $850 million in new investment. Altus Power America, based in Connecticut, announced the Blackstone contribution to refinance its existing capital structure and fund future development. Blackstone made the investment through its GSO Capital Partners LP and Blackstone Insurance Solutions (BIS) Groups. “We’re incredibly enthusiastic to be partnering with Blackstone as we position our business for accelerating growth,...

Solar+Storage

Lightsource bp | October 14, 2021

Global solar leader Lightsource bp, together with Xcel Energy and EVRAZ North America, celebrated the dedication of its new 300-megawatt Bighorn Solar project. Lightsource bp, a 50:50 joint venture with bp, unveiled the solar project that will help reduce emissions and support more than 1,000 jobs at EVRAZ's Pueblo steel mill - the world's first steel mill to be powered largely by solar energy. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mo...