Baker Hughes unveils Release 26.1 of Cordant™, integrating AI, risk management, and sustainability tools to enhance asset visibility, reduce downtime, and support energy transition goals across industrial sectors. Baker Hughes has broadened the capabilities of its Cordant™ industrial software with a new release, aiming to give energy and industrial operators expanded visibility across assets and clearer routes to reduce downtime, manage risk and support decarbonisation programmes. The company unveiled the update at its 2026 annual meeting in Florence. According to Baker Hughes, Release 26.1 advances cross‑functional workflows by consolidating asset, risk and operational data on a single platform and opening…

Finnish startup Carbonaide raises €4.4 million to expand its CO₂‑mineralisation technology that transforms concrete into a carbon sink, aiming to slash industry emissions and generate carbon removal credits. Finland’s Carbonaide has secured $4.4 million (€3.7 million) in fresh financing to accelerate rollout of its CO₂‑mineralisation concrete technology, with existing backers including Vantaan Energia, Redstone and Ihantola Invest leading the round, according to Carbon Herald. Additional participants named by the company include Zero Carbon Future Group, Product Ecology Holding B.V., Helkama Kiinteistöt and Ikorni Invest. The company says its process permanently binds carbon dioxide into concrete during the curing phase, enabling…

Cestore AB, a Swedish start-up, has developed an electrochemical process that converts captured CO2 into stable salts for on-site storage, potentially transforming negative emissions approaches and reducing reliance on traditional underground geological storage. Swedish start-up Cestore AB has begun preparing to test a novel approach to permanent carbon dioxide removal that converts captured CO2 into stable, water‑soluble salts for on‑site storage. The company, founded in 2023, says the electrochemical process eliminates the need for compression, long‑distance transport and geological injection by chemically binding emissions into a form it describes as analogous to natural oceanic carbon sequestration. According to the announcement…

Itema joins Ivy Decarb’s digital marketplace, leveraging enhanced sustainability data and financing options to speed up decarbonisation in textile manufacturing, starting with the weaving stage. Itema has joined Ivy Decarb’s digital marketplace in a move the companies say is designed to speed up cuts to greenhouse‑gas emissions in textile manufacture, with an initial focus on the weaving stage of production. The agreement positions Itema, a long‑established maker of weaving machines, among the early machinery manufacturers on the platform. According to Ivy Decarb, the marketplace aggregates manufacturers, textile and garment producers, financial institutions and brands, enabling buyers to evaluate machines on…

The US Department of Energy has allocated $155 million to 16 national laboratory projects focusing on innovative technologies to boost efficiency and reduce emissions in energy-intensive industries, signalling a strategic shift towards science-driven solutions. The Department of Energy has awarded $155 million to a cluster of 16 national-laboratory projects aimed at making energy‑intensive US industries more efficient and competitive, signalling a quiet but consequential federal push to lower industrial energy demand even as national policy rhetoric shifts. According to the Department of Energy, the awards , announced under the ITO FY25–FY27 lab call , target persistent sources of emissions and…

As Africa grapples with a significant climate finance shortfall, the upcoming AGES 2026 in Cape Town will focus on transforming ambitious climate targets into bankable projects through innovative financing and practical investment strategies. As African governments move from setting climate targets to trying to deliver them, the central challenge is less ambition than converting plans into projects that investors will fund. The Africa Climate Finance Tracking Report 2025 shows current flows cover roughly a quarter of Sub‑Saharan Africa’s annual climate finance requirements, underscoring the scale of the shortfall and the need for investment‑grade pipelines. Against that backdrop, Africa’s Green Economy…

Participants at a Carbon Pulse event highlight how America’s stronger fiscal incentives are attracting carbon removal projects away from Canada, despite Canada’s operational strengths. Policymakers face decisions to enhance domestic appeal amid evolving international competition. Panel participants at a Carbon Pulse event said the United States continues to outcompete Canada on the financial incentives available for storing captured CO2, a dynamic that is influencing where developers choose to site projects even as Canada retains other advantages for the sector. According to Carbon Pulse, developers at the session described how US policy has created stronger fiscal support for carbon dioxide removal…

While Congress restores substantial funding for renewable programmes at the Department of Energy, recent policy changes under the Biden administration signal a shift towards dispatchable energy sources and tighter regulation of solar and wind projects, creating a complex landscape for clean energy development. Congress has overridden elements of the Trump administration’s energy priorities by restoring substantial funding for renewable programmes and research at the Department of Energy, even as the administration has restructured the department and moved to curtail federal support for wind and solar. According to reporting by Utility Dive, the fiscal package passed by Congress allocates roughly $3.1…

Despite current shortfalls in project pipelines, new analysis suggests the U.S. and Europe remain on track to hit their 2030 solar deployment goals, contingent on accelerating storage deployment and consistent policy support. According to a new McKinsey report, the United States and Europe remain on track to hit their solar deployment goals for 2030 despite current project pipelines falling short of those end‑of‑decade targets. The consulting firm’s analysis of solar, wind and battery energy storage system (BESS) development shows a shortfall today of roughly 254 GW for the U.S. and about 275 GW for Europe relative to the targets those…

A recent European Central Bank study suggests green bond issuance can lower borrowing costs for companies committed to decarbonisation projects, but warns that without complementary policies and safeguards, its impact may be limited or counterproductive. A recent European Central Bank study finds that green bond issuance can materially lower borrowing costs for companies that commit to genuine decarbonisation projects, offering a potentially important financing route for high‑emitting firms seeking to transition. According to the ECB, firms that are not green leaders can still realise meaningful funding advantages if they finance credible emissions‑reduction investments via labelled green debt. The finding bolsters…