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The project partners of the Nordic Baltic Hydrogen Corridor (NBHC) – Finland’s Gasgrid, Estonia’s Elering, Latvia’s Conexus Baltic Grid, Lithuania’s Amber Grid, Poland’s GAZ-SYSTEM, and Germany’s ONTRAS have signed a grant agreement with the European Climate, Infrastructure, and Environment Executive Agency (CINEA) for the European Union (EU) financial support to the NBHC. As disclosed, the maximum grant amount of €6.8 million will support the NBHC feasibility phase. The project partners said that the co-financing from the Connecting Europe Facility (CEF) for cross-border energy infrastructure projects under the Trans-European Networks for Energy (TEN-E) will allow them to conduct feasibility studies that…

Updated 2025-07-03T15:44:24Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Nvidia’s stock has been on a tear lately — but some people still don’t know how to pronounce the company’s name. While some pronounce it “NUH-vid-ee-uh,” the correct pronunciation is “en-VID-ee-uh.” Nvidia’s name, inspired by the Latin word “invidia,” reflects its founders’ hope to evoke envy. You might hear people mentioning…

M&G’s impact investing unit responsAbility Investments announced today the appointment of Nadia Nikolova as its new Chief Executive Officer, taking over the role in September 2025 from outgoing CEO Rochus Mommartz, who has announced plans to retire at the end of the year. Founded in 2003, Zurich-based responsAbility is an impact asset manager specializing in private market investments, with a focus on three key investment themes, including financial inclusion, climate finance, and sustainable food. The firm was acquired by international savings and investments business M&G plc in 2022, and has assets under management of approximately $5.6 billion. Emmanuel Deblanc, Chair of the…

IKEA Components will replace plastic fitting bags with paper-based alternatives during FY25, reducing virgin plastic use by 1,400 tons annually. The initiative supports IKEA’s broader Plastics Out Agenda to phase out plastic consumer packaging by 2028. Paper bags are produced in-house using recycled wood waste and will remain recyclable despite a thin plastic coating. IKEA Components has begun a major sustainability shift by phasing out plastic fitting bags and replacing them with paper-based alternatives—cutting approximately 1,400 tons of virgin plastic annually. The initiative is part of IKEA’s Plastics Out Agenda, which aims to eliminate all plastic in consumer packaging by…

AI-Powered Efficiency: Agentforce eliminates manual data processing with intelligent, natural language-driven AI agents to deliver real-time sustainability insights and automate disclosure compliance. Unified Sustainability Data: Net Zero Cloud now integrates with Data Cloud to unify high-volume emissions, energy, and supplier data from across business systems — turning reactive reporting into strategic action. Investor-Ready Transparency: With built-in compliance tools and audit-ready reporting, Agentforce helps businesses meet CSRD, SASB, and CDP requirements, reducing risk and building investor confidence. Salesforce has unveiled Agentforce for Net Zero Cloud, a next-generation AI-powered assistant designed to accelerate sustainability reporting, slash operational costs, and increase business efficiency…

Engineer in a nuclear fusion reactor research factory.getty The U.S. Nuclear Regulatory Commission announced in June that it is moving forward to advance new uses of factory-built microreactors by accepting three policies recommended by staff. Microreactors are small modular reactors that generate nuclear energy for particular uses, such as to create a power supply for a company or generate energy an isolated community. This use of nuclear energy could also provide emergency power reserves. This unique application of nuclear energy would serve non-conventional nuclear markets, such as the power-hungry data centers fueling the AI boom, and they differ from the…

$124.5M Series B funding secured from major investors including Barclays, Breakthrough Energy Ventures, and Siemens Financial Services to scale sustainable cement production. First commercial facility planned in Dallas-Fort Worth to produce 240,000 tons per year of Terra’s low-carbon Supplementary Cementitious Materials (SCMs). OPUS products positioned for immediate deployment using local feedstocks and existing infrastructure—delivering cost and performance advantages without relying on subsidies. Terra CO2, a U.S.-based low-carbon building materials company, announced it has secured $124.5 million in Series B funding to scale its commercial production of sustainable cement alternatives. The round was co-led by Breakthrough Energy Ventures, Eagle Materials, GenZero,…

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 3.8 million barrels from the week ending June 20 to the week ending June 27, the U.S. Energy Information Administration (EIA) highlighted in its latest weekly petroleum status report. That report was released on July 2 and included data for the week ending June 27. It showed that crude oil stocks, not including the SPR, stood at 419.0 million barrels on June 27, 415.1 million barrels on June 20, and 448.5 million barrels on June 28, 2024. The EIA report highlighted that data may not…

Mozambican President Daniel Chapo said his government and private companies will have to collectively ensure the necessary security is in place to enable TotalEnergies SE to restart construction of a $20 billion gas project that has stalled due to a militant insurgency — and even then risks will remain. The project in the northern Cabo Delgado province along with others that are at earlier stages of development are seen as crucial to the future of the southern African nation, which ranks among the world’s poorest. The French oil major halted work, evacuated workers and declared force majeure in 2021 following…

Allianz Commercial launches CAReS, a new data-driven platform to assess and reduce climate risk exposure across 12 natural perils. CAReS enables risk modeling through 2080, offering tailored resilience consulting and a self-serve risk dashboard. Climate-related natural catastrophe losses reached $327 billion in 2024, with $138 billion in insured losses, underscoring the urgency of proactive climate risk management. Allianz Commercial has launched its Climate Adaptation & Resilience Services (CAReS) platform to help businesses identify, evaluate, and reduce exposure to climate risks amid rising losses from natural catastrophes. The CAReS platform enables companies to assess how 12 climate-related perils—including tropical storms, floods,…