Markets
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Aira raises €150 million to expand heat pump operations. The startup aims to enhance its clean energy solutions, focusing on electrifying residential heating. With plans to invest in R&D and production, Aira seeks to reduce emissions and costs while expanding its European market presence….
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AWS and Gentari sign agreement for new wind project. The collaboration will support an 80 MW wind power initiative in Tamil Nadu, India, anticipated to generate 300,000 MWh annually, aiding AWS’s renewable energy goals….
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Watershed launches Cornerstone to enhance Scope 3 emissions data access. Climate solutions provider Watershed, in collaboration with Stanford University’s Sustainable Solutions Lab, has launched Cornerstone to maintain and expand access to key datasets for measuring Scope 3 value chain emissions, including USEEIO and CEDA models….
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New Princes plans a major London Stock Exchange listing. The Italian-owned food giant, known for brands like Princes Tuna, is seeking investor support for an IPO to separate its food division, aiming for a valuation of at least £700 million.
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Lyten acquires Northvolt’s key assets to boost battery production. Lyten plans to restart operations at Northvolt Ett and Labs in Sweden and is working with the German government to establish a new facility. The acquisition is fully funded by private equity and expected to close this year….
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Energy Vault secures $300 million for global energy storage projects. The investment will fund Asset Vault, a subsidiary focused on building and operating energy storage systems worldwide, unlocking over $1 billion in capital expenditures to deploy 1.5 gigawatts of projects….
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US tariffs on gold bars drive futures to record high. Gold futures surged as the US imposed steep tariffs on one-kilo gold imports, impacting Switzerland’s bullion trade. The tariffs are part of a broader trade policy affecting global markets.
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Rolls-Royce partners with INERATEC to decarbonise data centre power. The collaboration aims to replace fossil diesel with climate-neutral e-fuels in backup power systems, initially focusing on Germany. The initiative leverages INERATEC’s e-diesel for sustainable and reliable energy solutions….
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UBS withdraws from Net-Zero Banking Alliance. UBS, the first major European bank outside the UK to exit the coalition, cited strengthened in-house capabilities. This follows earlier exits by UK and North American banks amid political pressures….
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Nest partners with BTG Pactual TIG for sustainable timberland investment. UK pension scheme Nest has appointed BTG Pactual Timberland Investment Group to manage a sustainable timberland strategy, committing $750 million. This marks Nest’s second timberland mandate, emphasising investment in sustainable forestry for financial and environmental benefits….