Welcome to today's Green Tech Daily Digest! Here are the top 6 stories making waves in renewable energy and sustainable technology.
1. EU Parliament Nears Vote on Expanded CBAM Scope for 2027 Implementation
The European Parliament is in the final stages of debating an expansion of its Carbon Border Adjustment Mechanism (CBAM), potentially bringing new sectors like chemicals and polymers under its purview by 2027. This move aims to prevent carbon leakage and encourage global emissions reductions, with intense lobbying from industry groups on both sides of the proposal. The definitive vote is expected by late February from Brussels.
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2. Eos Energy Storage Secures $300M for Gigafactory Expansion to Meet Grid-Scale Demand
Eos Energy Storage, a leading producer of zinc-based long-duration batteries, announced a $300 million investment round to significantly expand its manufacturing capacity in Turtle Creek, Pennsylvania. The company plans to scale its production to over 6 GWh annually by 2028, aiming to deploy its innovative grid-scale solutions for utility partners like Pacific Gas and Electric (PG&E) and Arizona Public Service (APS) across the US. This expansion is critical for integrating intermittent renewable energy sources into the grid.
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3. Fortescue Future Industries Commissions World's Largest Green Hydrogen Plant in Western Australia
Fortescue Future Industries (FFI) has officially commissioned the first phase of its Gibson Island Green Hydrogen Project in Western Australia, marking it as the largest operational green hydrogen facility globally. Producing an initial 200 tonnes of green hydrogen daily from dedicated renewable energy sources, the project is set to supply industrial clients in Southeast Asia and Japan via green ammonia exports. This milestone solidifies Australia's position as a burgeoning leader in the global hydrogen economy.
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4. India's Electric Vehicle Market Hits New Milestone, Surpassing 7% Passenger Vehicle Share
India's electric vehicle market continues its rapid ascent, with recent data from the Society of Indian Automobile Manufacturers (SIAM) indicating that EVs now constitute over 7% of new passenger vehicle registrations nationwide. Government subsidies under the FAME-II scheme and the increasing availability of affordable models from manufacturers like Tata Motors and MG Motor are driving this growth. The surge is also prompting significant investment in charging infrastructure, particularly in tier-2 and tier-3 cities.
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5. Equinor Unveils Next-Gen "WindWaker" Floating Offshore Platform for Deepwater Projects
Norwegian energy giant Equinor today revealed its revolutionary "WindWaker" floating offshore wind platform design, capable of supporting 20 MW turbines in depths exceeding 150 meters. The design, which significantly reduces manufacturing and installation costs, is slated for deployment in upcoming projects off the coast of Scotland and the U.S. East Coast. This innovation aims to unlock vast deepwater wind resources, crucial for achieving ambitious renewable energy targets in challenging marine environments.
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6. Bio-Based Plastics Startup "Veridian Materials" Secures Series C for Global Rollout of Sustainable Packaging
Veridian Materials, a promising startup specializing in advanced bio-based and compostable plastics derived from agricultural waste, announced a successful Series C funding round totaling $150 million. The capital will fuel the construction of its first large-scale production facility in the Netherlands and accelerate partnerships with major food and beverage brands seeking sustainable packaging alternatives. Their proprietary polymer offers similar performance to traditional plastics, addressing a critical need for circular economy solutions.
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This digest is automatically generated from trusted renewable energy news sources.