Verkor secures €2 billion to launch low-carbon battery gigafactory

Verkor, the French manufacturer of low-carbon batteries has secured over €2 billion in a Series C funding round. The capital, comprised of a minimum of €850 million, a €500 million loan from the EIB, and French government subsidies totalling approximately €650 million, will be used to finance the launch of a Dunkirk-based gigafactory. Leading energy […]

AstraZeneca commits £100m to power transition to net zero

AstraZeneca has agreed a 15-year partnership with Future Biogas to establish the UK’s first unsubsidised industrial-scale supply of biomethane gas, and is investing in major energy efficiencies in its operations, totalling a commitment of £100m. Energy from the biomethane facility will supply AstraZeneca’s sites in Macclesfield, Cambridge, Luton and Speke with 100 gigawatt hours (GWh) […]

SBTi overhauls corporate climate commitments after criticism?

The organisation that has become the global authority for evaluating corporate climate targets is undergoing a significant restructuring to address concerns related to conflicts of interest and expedite the assessment of company plans. As businesses, often responding to shareholder pressure, rush to commit to reducing their carbon emissions, typically aiming for net-zero emissions by 2050 […]