Microsoft + Stockholm Exergi partner on decarbonization: Microsoft has signed an agreement with Swedish energy company Stockholm Exergi for the delivery of 3.33 mn tons of permanent negative emissions from its planned bio-CCS facility in Stockholm, according to a statement. Exergi will start construction on its CCS plant, set to remove 800k metric tons of CO2 annually, in 2025 and will start delivering the carbon removal certificates in 2028 for over a decade. The plant will be established at Exergi's biomass power plant. The company will make a final investment decision by the end of the year.

Microsoft is on a roll: Microsoft pledged USD 10 bn last week to support Brookfield Asset Management’s renewable electricity projects with a total capacity of 10.5 GW. The partnership will finance the development of wind and solar farms between 2026 and 2030, starting with the US and Europe, and the generated power will feed grids from which data centers draw energy.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • A blow to Italy’s decarbonization efforts: Italy's right wing coalition has passed regulations limiting the installation of solar panels and banning ground-mounted photovoltaic systems in agricultural areas. The new rules are part of wider measures to safeguard farming and fisheries, but have sparked criticism over potential setbacks to the country’s decarbonization efforts. Agricultural lobbies welcomed the move as they have continuously claimed that solar panels interfere with cultivation. (Reuters)
  • Germany’s Lilium secures jet order from US airline Urban Mobility: German sustainable air taxi manufacturer Lilium will deliver 20 jets to South Florida-based advanced air mobility company UrbanLink, with an option for 20 more units. UrbanLink will be the first US airline to integrate eVTOL aircrafts into its fleet. (Statement)
  • TotalEnergies + Sinopec partner on clean energy: TotalEnergies and Sinopec have inked an agreement to collaborate on biofuels, hydrogen, and carbon capture and storage technologies R&D. The pair have joined forces before on exploration projects in Angola and Brazil, as well as the production of sustainable aviation fuel in China. (Press release pdf)
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