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The first few days of COP have ushered in a wave of major announcements and funding pledges. In deals, major funding includes $116M for hydrogen-powered aviation, $44M for sustainability software, and $75M in project finance investment for SAFs. Happy Monday! And happy COPing to those on the ground in Dubai!
Since its inception in 2009, Climate Week has grown up with the climate tech industry, from being a policy-centered offshoot of the UN General Assembly to an independent “unconference” climate epicenter. Headlines shout about how energy demand is rapidly increasing, thanks to AI and electrification.
Ship Orders Yara Eyde, a joint venture between Yara Clean Ammonia and North Sea Container Line, aims to be the world’s first clean ammonia-powered container ship. Fortescue unveiled a green ammonia dual-fuel ship at COP. Air Liquide is building a hydrogen cracking pilot plant in Antwerp.
In deals, $900m for pulsed magnetic inertial fusion, $100m for energy efficiency as a service, and $70m for AI precision weed control. What happened The porous and permeable limestone in Smackover has long been known for oil and bromine deposits, but only recently has industry begun to explore its lithium lode.
Do the next best thing and read our COP reflections. The pledge also calls on international banks to include nuclear in energy lending policies to help finance project-killing infrastructure expenditures. Last COP featured the conference’s first nuclear-themed pavilion, and this year boasted eight. Happy Monday!
In other news, what DeepSeek’s new model could do to power demand, banks leaving climate groups, and the USDA's new guidance for clean fuel credits. In deals, $70m for renewable energy management platforms across three deals, $30m for an agritech credit provider, and $16m for energy storage manufacturing.
We’ve just returned from Texas, where CERAWeek — the "Super Bowl of Energy" — brought together the biggest players in oil, gas, finance, and policy. In deals, $40m in specialty chemicals manufacturing, $28m in direct air carbon capture, and $28m in grid power storage. Full transcript here.)
Amid all the chaos, we almost forgot it’s COP this week.) In other news, Elon Musk's potential influence on environmental policy; clean energy stocks fell after the election news; and climate policy momentum in local and state elections. Image via Power Brief. ⚡ Clean firm power : neutral to positive.
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