Author: omc_admin

Nuclear tech startup Radiant announced that it has raised $165 million in a Series C funding round, with proceeds aimed at advancing its development of mass-produced nuclear microreactors. Founded in 2020, California-based Radiant is designing a 1MW nuclear microreactor that can be mass-produced and act as a climate-friendly, zero-emissions alternative to diesel generators, providing power for applications such as remote villages, emergency responders, and military installations. The funding announcement follows the selection of Radiant by the U.S. Department of Energy as one of five companies in the U.S. to receive high-assay low-enriched uranium (HALEU) fuel. Radiant said it will use…

India has the opportunity to become a net exporter of sustainable aviation fuel as efforts continue to decarbonise aviation globally, a top Boeing executive said on Thursday and highlighted the ample availability of feedstock, including agricultural waste, for producing the fuel.Aviation accounts for around 2-3 per cent of the global carbon emissions, and Sustainable Aviation Fuel (SAF) can help in reducing these emissions. At industry body CII’s Annual Business Summit 2025 in the national capital, Boeing India and South Asia President Salil Gupte also said that 2,500 civil aircraft will be coming into India over the next 20 years. India…

New access to emissions data: Watershed’s Open CEDA provides free, global emissions data across 148 countries and 400 industries—covering 95% of global GDP. Tackling scope 3 blind spots: The open database addresses inaccuracies in regionally skewed emissions reporting—critical for companies with global supply chains. Backed by major institutions: Amazon, WWF, and PCAF endorse Open CEDA’s role in enabling accurate, cost-effective carbon accounting and climate action. Watershed has launched Open CEDA, a free public version of its global emissions database—the Comprehensive Environmental Data Archive—unlocking access to environmental data across 148 countries, 400 industries, and 95% of global GDP. This move aims…

Image: bp bp Trinidad and Tobago (bpTT) announced today that the Mento development has safely delivered first gas through connection of the initial discovery well and the drilling campaign for the remaining seven gross wells on the platform will now begin. Mento is a 50/50 joint venture between EOG Resources Trinidad Ltd (EOG) and bpTT, with EOG as the operator. The development features a 12-slot, attended facility that is located in acreage jointly licensed by bpTT and EOG off Trinidad’s southeast coast. Mento is one of bp’s 10 major projects expected to start up worldwide between 2025 and…

A U.S. trade court has struck down most of President Donald Trump’s wide-ranging tariffs, dealing a major blow to one of his key economic policies. The Court of International Trade ruled that Trump exceeded his authority by using emergency powers to impose tariffs on imports from nearly every country in the world. What’s RelatedA three-judge panel said the president’s use of the 1977 International Emergency Economic Powers Act (IEEPA) didn’t give him the right to set trade policy without Congress. “The Worldwide and Retaliatory Tariff Orders exceed any authority granted to the President by IEEPA to regulate importation by means…

€1B green bond issuance strengthens Amprion’s position in financing Germany’s shift to climate-neutral electricity. Strong investor demand highlights growing confidence in Amprion’s sustainable business model. Proceeds to fund climate-aligned infrastructure under a framework verified by Sustainalytics. Amprion GmbH has raised €1 billion through a green dual-tranche bond, reinforcing its commitment to building a climate-neutral electricity transmission grid in Germany. Issued under its €9 billion debt issuance programme, the green bond attracted high demand from sustainability-focused investors. The offering was split into two tranches: A €500 million tranche with a 4.5-year maturity and a 3.000% coupon, and A €500 million tranche…

€98M raised to transition Solveo Energies from development to project commissioning, targeting 800 MW by 2030. Mirova-led investment validates Solveo’s full value-chain model and regional energy strategy. Funding supports €875M in total investments toward France’s carbon neutrality goals. Solveo Energies, a French independent renewable energy producer, has raised €98 million in a major financing round led by Mirova, a responsible investment affiliate of Natixis Investment Managers. The funding will fast-track the commissioning of renewable projects and support Solveo’s long-term ambition of deploying 800 MW in installed capacity by 2030. “We are very proud to welcome Mirova into our entrepreneurial adventure,”…

Copenhagen-based Nordic bank Danske Bank announced the launch of a new approach to its sustainable finance activities, including a broader focus to include supporting companies in high-emitting sectors in their climate transitions, as well as financing companies in transition-enabling value chains. According to Danske Bank, the initiative reflects “the evolving landscape of sustainable finance,” with the bank having followed a traditional approach until now, primarily focused on allocating funds to specific projects or activities through use-of-proceeds financing or sustainability-linked loan facilities. Danske Bank Head of Large Corporates & Institutions, Joachim Alpen, said that the new approach is better aligned with…

Saudi Arabia will review its spending priorities after the oil price decline, and will consider whether to delay or accelerate some projects, the Kingdom’s Finance Minister, Mohammed Al-Jadaan, told the Financial Times in an interview published on Thursday.Saudi Arabia needs oil prices at about $90 per barrel to balance its budget. The world’s top crude oil exporter is already running a higher-than-planned deficit, which is set to swell with the oil price dip in the second quarter.With oil prices having crashed into the $60 a barrel range, the Kingdom will look to avoid falling again into the “trap of booms…

Investment in big batteries hit $2.4bn in the first three months of 2025, making it the second strongest quarter for energy storage on record in Australia. The latest data from the Clean Energy Council found six new storage projects – totalling 1.5 gigawatts capacity – reached financial close (the financial commitment that means the project is likely to be built) and a level of investment last seen in the final quarter of 2023 with a record $2.8bn. The largest was the four-hour Wooreen battery system in Victoria, at 350MW, which was supported by the federal government’s capacity investment scheme. Three…