Day: 30 July 2022

Kraft Heinz Announces Agreement with Repsol in Company’s First Wind Energy Investment

Stuart Mitchell

The Kraft Heinz Company have announced a 12-year virtual power purchase agreement (“vPPA”) with Repsol, a global multi-energy company operating across more than 20 countries and based in Madrid, Spain. This agreement is the Company’s first investment in wind energy and is designed to help Kraft Heinz achieve its aspiration of procuring the majority of its electricity from renewable sources by 2025. Kraft Heinz is expected to source over 90 gigawatt hours/year of renewable energy from Spanish producer Repsol’s largest wind project, Delta II (Aragon, Spain) – equivalent to powering…

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Truist Announces $120 Million Commitment to Strengthening Small Businesses

Stuart Mitchell

Truist Financial Corporation, together with Truist Foundation and Truist Charitable Fund, have announced a $120 million commitment to strengthen and support small businesses, focusing on Black, Latinx and women-owned businesses. The commitment includes $30 million in philanthropic grants to support nonprofits who assist small businesses and diverse entrepreneurs and $5 million in philanthropic grants, which will support technical assistance, small businesses and volunteerism. In addition, $85 million in investments support debt and equity. Truist is especially focused on partnering with CDFIs, as they are uniquely centered around providing credit and financial services to underserved populations. Truist…

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Blancco Achieves Goal of Becoming Carbon Neutral

Stuart Mitchell

 Blancco Technology Group, the industry standard in data erasure and mobile lifecycle solutions, today announced that it has formally achieved carbon neutral status for 2021, in line with PAS 2060, the globally accepted standard for carbon neutrality. With support from Avieco, a leading sustainability consultancy, Blancco has offset its entire 2021 carbon footprint through investment in two renewable wind energy projects in India. Over the past six months, Blancco has implemented and executed an effective management plan to reduce the company’s carbon footprint. It then set and achieved carbon intensity…

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Cisco Foundation Sparks Innovation by Investing in Promising Solutions to Climate Change

Stuart Mitchell

Cisco have highlighted their new grants for climate change in the following blog post: It is hard to look at the news or social media today and not be confronted with the issue of climate change. Scientific research continues to show that human-induced global warming, species extinction, and habitat loss is causing widespread disruption in nature and affecting billions of people through storms, flooding, wildfires, drought, food scarcity, and other crises. Meanwhile, more and more people are becoming concerned about these existential threats, and looking for ways to both raise…

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Vattenfall and Preem to investigate large scale decarbonization using offshore wind and hydrogen

Stuart Mitchell

Vattenfall and Preem will now enter into a feasibility phase to assess the possibility of accelerating the development of a value chain connecting offshore wind and hydrogen with the refining industry on the Swedish west coast to swiftly transform to fossil-free fuels, starting latest 2030. Vattenfall sees a huge potential to decarbonize industries like refining, petrochemicals, steel, and fertilizers by using fossil-free electricity and hydrogen. Preem and Vattenfall believe that in order to strengthen Sweden’s position as a frontrunner in the emerging markets of fossil-free fuels and materials, new partnerships…

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