Article
The Exchange: Hydrogen wave
Description
Can green hydrogen decarbonise big chunks of our economies? Air Products CEO Seifi Ghasemi, who’s backing the carbon-free gas in a major Saudi Arabia project, thinks so. He tells Lisa Jucca how his $61 bln group plans to be the world’s top green hydrogen producer in five years.
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Tech Startups Race to Rate Carbon Offsets
Technology startups are trying to bring quality control to the carbon-offset market as more companies seek to compensate for their greenhouse-gas emissions.
Sylvera Ltd., a London-based company that provides ratings for carbon offsets similar to credit scores, said Tuesday that it raised $32.6 million to expand its service. Sylvera analyzes satellite images, 3-D laser scans and other data to estimate how much carbon is stored in trees. It crunches that information using machine-learning technology to grade the likely effectiveness of offset projects that plant or protect forests. The company has signed up clients including Delta Air Lines Inc., grain trader Cargill Inc. and consulting firm Bain & Co. since it launched in 2020.
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Prepare your data now for opportunities with carbon programs
Carbon programs are here to stay with the increased government and corporate focus on agriculture as a climate solution.
“The Fortune 500 companies have made corporate commitments to greenhouse gas reductions and they are driven by consumer demands and employee retention,” said Joe Winchell, conservation agronomist for AgOutcomes and the Soil and Water Outcomes Fund.
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Satellogic Begins Trading on the Nasdaq After SPAC Merger Closes
Satellogic began trading on the Nasdaq under ticker sign $SATL on Wednesday after completing its special purpose acquisition company (SPAC) merger. Satellogic first announced its SPAC business combination with CF Acquisition Corp. V in July 2021, at an $850 million valuation.
The company collects sub-meter resolution satellite imagery from its 17-satellite constellation, and will use proceeds from the SPAC to scale its constellation.