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Current Climate brings you the latest news about the business of sustainability every Monday. Sign up to get it in your inbox. Christie Hemm Klok for Forbes The clean hydrogen push in the U.S. has cooled in the past year, but Electric Hydrogen, a maker of highly efficient, cheaper electrolyzers, just snagged a deal to supply a 100-megawatt hydrogen production system to Infinium to make sustainable aviation fuel (SAF) at Infinium’s new Pecos, Texas, plant. Electric Hydrogen’s tech, which splits water molecules using renewable electricity, will produce 45 tons of hydrogen a day, CEO Raffi Garabedian told Forbes. When it…

Norway announced on Monday a tender for three project areas for floating offshore wind in a highly-anticipated first competition for this type of renewable energy in the Nordic country. The Norwegian Energy Ministry, which said earlier this year that it would bet on floating wind instead of fixed-bottom offshore wind, is now opening competition for project areas for offshore wind in Utsira Nord outside the coast of Rogaland off Norway’s southwest coast.  The installed capacity in each project area cannot exceed 500 megawatts (MW), according to the competition tender, in which applications for projects will be received until September 15, 2025. Norway will…

ADNOC said it has entered into multiple agreements with U.S. energy majors for a potential $60 billion of U.S. investments into United Arab Emirates (UAE) energy projects. The agreements were made during the UAE-US business dialogue with President Donald Trump, the company said in a news release. The agreements include a field development plan with ExxonMobil and INPEX/JODCO to expand the capacity of Abu Dhabi’s Upper Zakum offshore field through phased development, according to the release. ADNOC said it signed a strategic collaboration agreement with Occidental Petroleum targeting to boost the production capacity of Shah Gas field’s capacity to 1.85…

Oil prices fell on Monday after the last of the big three credit rating agencies, Moody’s, downgraded its rating on the United States from AAA to Aa1, reigniting concerns about America’s economy and bond markets. Moody’s Ratings on Friday downgraded the long-term issuer and senior unsecured ratings of the U.S. to Aa1 from Aaa and changed the outlook to stable from negative. The one-notch downgrade “reflects the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns,” said Moody’s, which was the last agency to hold the top…

Kraft Heinz is investing $3 billion to upgrade its 30 factories across the U.S., the company’s biggest manufacturing investment in ten years. The food giant said the goal is to make its plants more efficient, lower costs, and bring new products to market faster. What’s RelatedPedro Navio, President of North America at Kraft Heinz, told Reuters the decision was partly influenced by the 10% tariffs imposed by former President Donald Trump in April. “It goes beyond just efficiencies or dealing with the current tariff challenges,” Navio said. “The investment allows Kraft Heinz to produce food for the long term.” The…

Walmart’s investments in faster delivery and store-based fulfillment are starting to show results. The retailer reported its first-ever profitable quarter for e-commerce in the U.S., driven by a sharp increase in sub-three-hour deliveries and reduced last-mile costs.“Delivery speed continues to help drive our business,” said CEO Doug McMillon during the company’s earnings call on Thursday. “We’ll soon reach 95% of the population in the U.S. with delivery options of three hours or less.” What’s RelatedWalmart said the number of deliveries made in under three hours rose 91% compared to the same quarter last year, with about a third of all…

GlobalWafers is doubling down on U.S. chip production, announcing a new $4 billion investment. Most of it will expand its newly opened silicon wafer facility in Sherman, Texas. The rest will support the company’s U.S. operations, including its site in St. Peters, Missouri. What’s RelatedThe announcement came during Thursday’s ribbon-cutting ceremony at the Sherman plant, a $3.5 billion project that will serve as the company’s U.S. flagship and its largest silicon wafer factory worldwide. “Our U.S. customers appear to have a very strong demand for U.S.-based production capacity,” said Doris Hsu, Chairperson of GlobalWafers. The Sherman campus, which covers 142…

The U.S.-Iran talks on a nuclear deal “will lead nowhere” if the United States continues to insist that Iran halts uranium enrichment, a top Iranian official said on Monday.  “Our position on enrichment is clear and we have repeatedly stated that it is a national achievement from which we will not back down,” Majid Takht Ravanchi, Iran’s Deputy Foreign Minister for Political Affairs, was quoted as saying by Iranian media. Last week, U.S. President Donald Trump said “We’re in very serious negotiations with Iran for long-term peace.” The comment sank oil prices on Thursday, as market participants weighed the potential of the U.S.…

LONDON, Ky. (AP) — Officials in Kansas and Texas were evaluating damage on Monday after tornadoes touched down overnight, just days after more than two dozen people were killed in storms that swept through parts of the Midwest and South.Kentucky was hardest hit by last week’s storms. A devastating tornado damaged hundreds of homes, tossed vehicles, left many homeless, and killed at least 19 people, most of them in southeastern Laurel County. Meteorologists predicted a fresh “multi-day” mix of dangerous weather conditions across the central U.S. with heavy rains, thunderstorms and potential tornadoes, according to the National Weather Service. A…

Strathcona Resources Ltd. said it has entered into definitive agreements to divest “substantially all of its Montney assets” for about CAD 2.84 billion ($2.04 billion), as it prepares to make a hostile bid to take over fellow Canadian thermal oil producer MEG Energy Corp. The Montney exit and the planned merger with MEG will allow Strathcona to become a pure-play heavy oil producer, it said. The bulk of the Montney sale consists of Strathcona’s Kakwa business, to be acquired by ARC Resources Ltd. for around CAD 1.7 billion. The transaction value comprises CAD1.65 billion in cash and approximately CAD 45…