TotalEnergies to expand carbon storage footprint in the North Sea

maritime

Energy giant, TotalEnergies has signed an agreement with CapeOmega Carbon Storage AS, a wholly owned subsidiary of CapeOmega AS, to acquire the 40% participating interest held by CapeOmega in the CO2 storage exploration licence ExL004 (the “Luna” project). The licence, operated by Wintershall Dea with a 60 per cent interest, covers an area of 453 […]

SIBUR successfully concludes its first carbon offset sale

net zero

SIBUR has closed its first deal to sell carbon offsets produced as part of a climate project at ZapSibNeftekhim. The deal helped QIWI, a leading provider of new generation payment and financial services, fully offset its 2022 GHG emissions (Scope 1 and 2). The sale and redemption of carbon units was carried out using the […]

Kamma gets funding boost from Clean Growth Fund-led investor consortium

banks

Kamma, a property data and analytics firm, has secured £3.6m in funding which will facilitate the expansion of Kamma’s property data platform that acquires, integrates, and calibrates thousands of property data points to offer insight into how commercial and residential properties can effectively transition towards achieving net zero emissions. The UK property sector, as reported […]

MVGX launches subsidiary to offer comprehensive carbon SaaS solutions

carbon reduction

MVGX Holdings, a Singapore-based green fintech group providing regulated financial services and end-to-end carbon Software-as-a-Service solutions for a more inclusive and sustainable future, announced the establishment of a new subsidiary, MVGX Tech, dedicated to Carbon SaaS products and services.    MVGX Tech’s selection of Carbon SaaS offerings, focusing on carbon measurement, reporting, and verification (“MRV”), decarbonisation […]

Tabreed to explore more geothermal ambitions in UAE

Environmental risk

Tabreed, officially the National Central Cooling Company, in partnership with Adnoc, is actively investigating additional geothermal energy initiatives in response to the escalating cooling demands in the UAE. Both Tabreed and the Abu Dhabi-based energy company recently announced the Gulf region’s first geothermal energy project, which is anticipated to fulfil 10% of the cooling demands […]

HiTHIUM and TÜV Rheinland to promote low-carbon energy transition

electric

Xiamen HiTHIUM Energy Storage Technology and TÜV Rheinland of mainland China signed a strategic cooperation agreement in Xiamen. The two companies will engage in complete and comprehensive cooperation in the field of energy storage products, including energy storage technology innovation, full-chain technology innovation, professional development, and global market application.  According to the agreement, the two […]