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Microsoft commits to putting more water than it consumes back into the ecosystems where it operates by 2030

One good trend in 2020 has been large technology companies almost falling over one another to make ever-bolder commitments regarding their ecological impact. A cynic might argue that just doing without most of the things they make could have a much greater impact, but Microsoft is the latest to make a commitment that not only focuses on minimizing its impact, but actually on reversing it. The Windows-maker has committed to achieving a net positive water footprint by 2030, by which it means it wants to be contributing more energy back into the environment in the places it operates than it is drawing out, as measured across all “basins” that span its footprint.

Microsoft hopes to achieve this goal through two main types of initiatives: First, it’ll be reducing the “intensity” of its water use across its operations, as measured by the amount of water used per megawatt of energy consumed by the company. Second, it will also be looking to actually replenish water in the areas of the world where Microsoft operations are located in “water-stressed” regions, through efforts like investment in area wetland restoration, or the removal and replacement of certain surfaces, including asphalt, which are not water-permeable and therefore prevent water from natural sources like rainfall from being absorbed back into a region’s overall available basin.

The company says that how much water it will return will vary, and depend on how much Microsoft consumes in each region, as well as how much the local basin is under duress in terms of overall consumption. Microsoft isn’t going to rely solely on external sources for this info, however: It plans to put its artificial intelligence technology to work to provide better information around what areas are under stress in terms of water usage, and where optimization projects would have the greatest impact. It’s already working toward these goals with a number of industry groups, including The Freshwater Trust.

Microsoft has made a number of commitments toward improving its global ecological impact, including a commitment from earlier this year to become “carbon negative” by 2030. Meanwhile, Apple said in July that its products, including the supply chains that produce them, will be net carbon neutral by 2030, while Google made a commitment just last week to use only energy from carbon-free sources by that same year.

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Facebook launches a climate change information center and commits to eliminating ‘scope 3’ emissions by 2030

Even as Facebook, the world’s largest social media platform, admits that climate change “is real” and that “the science is unambiguous and the need to act grows more urgent by the day” the platform appears unwilling to take steps to really stand up to the climate change denialism that circulates on its platform. 

The company is set to achieve net zero carbon emissions and be supported fully by renewable energy in its own operations this year.

But as the corporate world slaps a fresh coat of green paint on its business practices, Facebook is looking to get out in front with the launch of a Climate Science Information Center to “connect people with science-based information”.

The company is announcing a new information center, designed after its COVID-19 pandemic response. The center is designed to connect people to factual and up-to-date climate information, according to the company. So far, Facebook says that over 2 billion people have been directed to resources from health authorities with its COVID-19 response.

The company said that it will use The Climate Science Information Center to feature facts, figures, and data from the Intergovernmental Panel on Climate Change (IPCC) and their global network of climate science partners, including the UN Environment Programme (UNEP), The National Oceanic and Atmospheric Administration (NOAA), World Meteorological Organization (WMO) and others. This center is launching in France, Germany, the UK and the US to start. 

While Facebook has been relatively diligent in taking down COVID-19 misinformation that circulates on the platform, removing 7 million posts and labeling another 98 million more for distributing coronavirus misinformation, the company has been accused of being far more sanguine when it comes to climate change propaganda and pseudoscience.

A July article from The New York Times revealed how climate change deniers use the editorial label to skirt Facebook’s policies around climate disinformation. In September 2019 a group called the CO2 Coalition managed to overturn a fact-check that would have labeled a post as misinformation by appealing to Facebook’s often criticized stance on providing and amplifying different opinions. By calling an editorial that contained blatant misinformation on climate science an editorial, the group was able to avoid the types of labels that would have redirected a Facebook user to information from recognized scientific organizations.  

Facebook disputes that characterization. “If it’s labeled an opinion piece, it’s subject to fact checking,” said Chris Cox, the chief product officer at Facebook.

“We look at the stuff that starts to go viral. There’s not a part of our policies that says anything about opinion pieces being exempted at all.”

With much of the Western coast of the United States now on fire, the issues are no longer academic. “We are taking important steps to reduce our emissions and arm our global community with science-based information to make informed decisions and tools to take action, and we hope they demonstrate that Facebook is committed to playing its part and helping to inspire real action in our community,” the company said in a statement.

Beyond its own operations, the company is also pushing to reduce operational greenhouse gases in its secondary supply chain by 75 percent and intends to reach net zero emissions for its value chain — including suppliers and employee commuting and business travel — by 2030, the company said. Facebook did not disclose how much money it would be investing to support that initiative.

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ClassPass co-founder Sanjiv Sanghavi joins Arcadia, bringing consumer marketing savvy to clean energy

“Helping navigate the elusiveness of product market fit” is how Sanjiv Sanghavi, the co-founder of ClassPass and itinerant startup executive describes his roles at different companies. 

From ClassPass through Knotel, Sanghavi has shepherded several businesses to growth and over a billion dollar valuations, now he’s looking to bring that branding and marketing savvy to the world of renewable energy as the new chief product officer at Arcadia.

The company encourages renewable energy development by offsetting its customers’ electricity usage by buying an equivalent amount of renewable power or investing in renewable energy projects that provide renewable credits to offset fossil fuel usage.

Sanjiv Sanghavi, ClassPass co-founder and now chief product officer at Arcadia. Image Credit: Arcadia

We founded Arcadia to aggregate the power of consumer demand to fight climate change,” said Kiran Bhatraju, the founder and chief executive at Arcadia, in a statement. “Sanjiv’s deep knowledge of creating and building engaging consumer products will be crucial in the coming years to help us continue to build a world-class home energy experience that people love, and the planet needs.”

Sanghavi will be integral to Arcadia’s expansion into the northeast as it looks to grow its footprint across the United States.

Over the past six months Arcadia has steadily built out its presence across the Atlantic seaboard as it staffs its New York office. The company added a senior vice president of design who previously worked at DoorDash, WeWork, and PayPal, Josh Abrams, and is actively hiring. 

I was drawn to Arcadia because of its lasting power; I wanted to build something that would make an impact for generations,” said Sanghavi. “I believe that what Arcadia is doing is astounding — we’re building a bridge from the people who are generating renewable energy to those who want to do something good.”  

 The company has raised $70 million to date, according to Crunchbase, from investors including G2VP, BoxGroup, Wonder Ventures and Energy Impact Partners. 

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Regulatory roadblocks are holding back Colombia’s tech and transportation industries

“You know we don’t drive down that road,” my father said.

I had asked him why we never took the shortest path to the beach. Just eight years old, I was fascinated by maps and was questioning my father’s choice. Years later I would learn the route I suggested was mired with armed groups of all stripes whose interests didn’t align with mine or that of other Colombian families.

You may be familiar with the conflicts that plagued Colombia for decades, but you might not be aware of the progress institutions, advocacy groups and its government have made with regard to building a future where citizens have options and mobility that’s not constrained by armed conflict.

In fact, Colombia has at times improved its “ease of doing business” ranking as measured by the World Bank. The country, its institutions and its leaders have a longer way to go when it comes to ensuring that opportunity reaches all corners of the country, particularly at a time that COVID-19 magnifies the inequities that persist. But one thing is for sure, the path to prosperity would look a lot better if Colombia further embraced innovation.

I have dedicated the last decade to Colombia’s path to prosperity. I have done so by studying at Colombia’s most prestigious Universidad de Los Andes, raising more than $10 million in venture capital and building two companies that generate direct and indirect earnings for more than 70,000 Colombians. I have directly retained hundreds of computer engineers by showing young Colombians that it’s possible to earn a good living without emigrating for professional opportunities. Heck, I’ve even convinced a few past emigrants to return to Colombia and work for me at Picap.

My contribution to Colombia’s prosperity and the contribution of thousands of talented engineers that build technology in Colombia is at risk. It’s at risk because the Colombian authorities and the legislative branch have been slow to update transportation and technology regulation designed for an era when regulation could last decades because the pace of societal innovation was measured in, well, decades.

In Colombia, we need to update regulations governing technology and transportation. The ever present threats that Colombian authorities and regulators have imposed on Uber and Picap are not only futile attempts to put the technology genie back into the bottle, but also delay the critical conversations that would build long-term partnership for mutual success.

It’s urgent that Colombia and countries around the globe construct regulatory frameworks that simultaneously advance the public good and technology innovation. We, in fact, have evidence of the kinds of benefits that can expand when new mobility models and technologies are embraced. Take GoJek or Grab which started, like Picap, as two-wheel ride-hailing platforms. Each is now worth billions and facilitates commerce, financial services and more, all for the benefit of societies which then produce more consumer surplus, formalize economic activity and stimulate new forms of innovation. Picap, and others, can do this in Colombia and more places across Latin America with regulatory advancements.

There are congressional leaders in Colombia who have made considerable efforts to advance their understanding of technology platforms, but their efforts, however laudable, have not advanced. Now, more than ever, Colombia’s leaders must, for example, recognize that private transport services need regulation that works for the citizens that power new mobility options. Every country in the globe faces a reckoning based on how easily COVID-19 weakened state-supported and independent systems of health, mobility and economic activity. Technology will be an inevitable component of strengthening health, mobility and economic activity in every country. We’ve already seen that delivery platforms, including Pibox by Picap, increasingly play a role in helping countries preserve social distancing. And yet there’s an opportunity for states to differentiate and think about not just defensive strategies during the pandemic, but also how to remake themselves for the future.

Colombia can learn from the example of South Korea, which for years positioned itself to fulfill the world’s future demands for the types of silicon chips that subsequently made LG and Samsung household names. South Korea did this not by impeding technological advancement, but by facilitating the development of know-how, investing in education and partnering with technology. As technologists, there’s nothing that would make us prouder than helping Colombia develop the kinds of economic activity that will strengthen the country in the long-term. I’ve seen the future, I practice it daily, and I know that Latin America, and Colombia in particular, need to invest in retaining tech talent and advancing regulatory frameworks that attract technology investment, or our economies will struggle even further in the coming years of potential recovery from COVID-19.

Recently, the Alianza IN, a mobility platform trade group, launched in Colombia with the goal of advancing conversations with Colombian lawmakers and regulators on the principles that the Colombian MinTIC (Ministry of Information Technologies and Communications) could incorporate to help attract more investment, retain talent and proactively prepare for a future in which mobility and technology platforms are critical partners of the country’s economic future. Technology platforms are already a part of the present, and the Alianza IN’s actions are a great step on the path toward ensuring that updated regulatory frameworks serve the millions of Colombian citizens who depend on mobility and technology platforms for income, mobility and improved quality of life.

Last year, Colombian technology companies received more than $1.2 billion of investment capital. I am impressed with the new headlines my generation and Colombian colleagues across technology have achieved in only 20 years. But I can assure you that Colombia’s headlines in the 21st century will be stunted if Colombian politicians and authorities do not address the underlying need to improve regulation that embraces technology and new mobility, including Picap. We have room to grow and show the world how our tenacity and resilience will help address not just Colombian or Latin American challenges, but global challenges.

I look forward to soon meeting the young Colombian woman who in 20 or even three years will have developed a renewable energy or disease-prevention innovation that serves billions of people. We have to remove roadblocks. We’ve begun doing so across Colombia on some fronts; we need to continue to do so on the technology front. I, alongside, my generation, will continue to attract the capital, retain the talent and further develop the competitive advantages that will position Colombia to lead in the 21st century.

I hope that the Colombian government, regulators and the Duque administration does this, as well.

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Could developing renewable energy micro-grids make Energicity Africa’s utility of the future?

When Nicole Poindexter left the energy efficiency focused startup, Opower a few months after the company’s public offering, she wasn’t sure what would come next.

At the time, in 2014, the renewable energy movement in the US still faced considerable opposition. But what Poindexter did see was an opportunity to bring the benefits of renewable energy to Africa.

“What does it take to have 100 percent renewables on the grid in the US at the time was not a solvable problem,” Poindexter said. “I looked to Africa and I’d heard that there weren’t many grid assets [so] maybe I could try this idea out there. As I was doing market research, I learned what life was like without electricity and I was like.. that’s not acceptable and I can do something about it.”

Poindexter linked up with Joe Philip, a former executive at SunEdison who was a development engineer at the company and together they formed Energicity to develop renewable energy microgrids for off-grid communities in Africa.

“He’d always thought that the right way to deploy solar was an off-grid solution,” said Poindexter of her co-founder.

At Energicity, Philip and Poindexter are finding and identifying communities, developing the projects for installation and operating the microgrids. So far, the company’s projects have resulted from winning development bids initiated by governments, but with a recently closed $3.25 million in seed financing, the company can expand beyond government projects, Poindexter said.

“The concessions in Benin and Sierra Leone are concessions that we won,” she said. “But we can also grow organically by driving a truck up and asking communities ‘Do you want light?’ and invariably they say yes.” 

To effectively operate the micro-grids that the company is building required an end-to-end refashioning of all aspects of the system. While the company uses off-the-shelf solar panels, Poindexter said that Energicity had built its own smart meters and a software stack to support monitoring and management.

So far, the company has installed 800 kilowatts of power and expects to hit 1.5 megawatts by the end of the year, according to Poindexter.

Those micro-grids serving rural communities operate through subsidiaries in Ghana, Sierra Leone and Nigeria, and currently serve thirty-six communities and 23,000 people, the company said. The company is targeting developments that could reach 1 million people in the next five years, a fraction of what the continent needs to truly electrify the lives of the population. 

Through two subsidiaries, Black Star Energy, in Ghana, and Power Leone, in Sierra Leone, Energicity has a 20-year concession in Sierra Leone to serve 100,000 people and has the largest private minigrid footprint in Ghana, the company said.

Most of the financing that Energicity has relied on to develop its projects and grow its business has come from government grants, but just as Poindexter expects to do more direct sales, there are other financial models that could get the initial developments off the ground.

Carbon offsets, for instance, could provide an attractive mechanism for developing projects and could be a meaningful gateway to low-cost sources of project finance. “We are using project financing and project debt and a lot of the projects are funded by aid agencies like the UK and the UN,” Poindexter said. 

The company charges its customers a service fee and a fixed price per kilowatt hour for the energy that amounts to less than $2 per month for a customers that are using its service for home electrification and cell phone charging, Poindexter said.

While several other solar installers like M-kopa and easy solar are pitching electrification to African consumers, Poindexter argues that her company’s micro-grid model is less expensive than those competitors.

“Ecosystem Integrity Fund is proud to invest in a transformational company like Energicity Corp,” said James Everett, managing partner, Ecosystem Integrity Fund, which backed the company’s. most recent round. “The opportunity to expand clean energy access across West Africa helps to drive economic growth, sustainability, health, and human development.  With Energicity’s early leadership and innovation, we are looking forward to partnering and helping to grow this great company.”

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DroneBase nabs $7.5 million in a slight down round to double down on its work in renewable energy

DroneBase, a Los Angeles-based provider of drone pilots for industrial services companies, has raised $7.5 million during the pandemic to double down on its work with renewable energy companies.

While chief executive Dan Burton acknowledged that the company was fundraising prior to the pandemic, the industrial lockdown actually accelerated demand for the company’s services.

Even with the increased demand, the company had to make some changes. It laid off six employees and refocused its business.

“In the past three months it’s become clear that this is a moment for drones as an industry,” Burton said. “We were really pushing hard as a company, certainly on revenue growth and harvesting all the investments we made in technology and having a clear, near-term view to profitability.”

The new round, which closed in May, was a slight down round, according to people familiar with the company’s business.

“We see raising a growth round later this year,” Burton said.

New investors in the company included Valor Equity Partners and Razi Ventures, who joined Union Square Ventures, Upfront Ventures, Hearst Ventures, Pritzker Group Venture Capitla and DJI.

In all, DroneBase has raised nearly $32 million in financing, according to a company statement.

The new round will enable the company to focus on its data and analytics services that it has been developing around its core drone pilot provisioning technology — and gives DroneBase more financial wherewithal to expand its European operations under the DroneBase Europe, which operates out of Germany.

“DroneBase’s expansion into renewable energy reflects our belief in the growth potential of wind and solar energy industries,” said Burton in a statement. “Since many energy companies have both wind and solar assets, we are well positioned to leverage our DroneBase Insights platform to grow our global market share in renewable energy.”  

The key application for DroneBase has been allowing wind power companies to monitor and manage their turbines, improving uptimes and spotting problems before they effect operations, the company said.

For solar power companies, DroneBase offers a network of pilots trained in infrared imaging to detect anomalies like defects or hot spots on solar panels, the company said.

“DroneBase has established themselves as the drone leader in the commercial market, and its new work in renewables will have a lasting impact on the future of energy by keeping infrastructure operational for generations,” says Sam Teller, Partner at Valor Equity Partners, in a statement. “We believe DroneBase will continue to be a valuable partner in drone operations and data analysis across a multitude of industries globally.”

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Community Energy England: Community energy sector undergoing ‘radical and rapid’ change

State of the Sector 2020 report notes that the UK now boasts more than 260MW of community-owned energy capacity and has the potential to power 2.2 million homes by 2030 and support nearly 9,000 jobs

2020 will prove a “pivotal year” for the energy sector as community energy groups diversify and test new business models in response to the coronavirus crisis and a tougher policy environment.

That is the headline conclusion from Community Energy England’s(CEE) annual State of the Sector report, published today, which paints a picture of a community energy sector undergoing “radical and rapid change” due to the closure of the government’s Feed-In-Tariff (FiT) on 1 April this year and the ongoing impact of the coronavirus pandemic.

The update confirms that at the close of 2019, the total community-owned energy capacity in England, Wales and Northern Ireland reached 193.9MW of capacity, of which 155.4MW is solar and 33.6MW is wind. Total UK community-owned capacity increased to 264.9MW.

Solar projects dominated the community-owned electricity sector in England, Wales and Northern Ireland in 2019, accounting for 14MW of a total of new 15.4MW of installations. Wind projects accounted for a slimmer 1.2MW tranche of installations, while hydroelectricity made up the rest. Meanwhile, community organisations in the UK installed 2.1MW of heat generation capacity and 547kWh of battery storage, while delivering 102 energy efficiency projects.

Last year saw a surge of  community-owned electricity installations compared to the year before, an increase the report authors suggest was likely prompted by the imminent closure of the government’s FiT subsidy scheme.

The end of the FiT scheme will dramatically alter the support landscape for community electricity projects. Some 97 per cent of community electricity projects in 2019 were supported by the now-ended subsidy scheme.

In today’s report, CEE argues that the Smart Export Guarantee, a policy introduced by the government last January which asks suppliers to offer a payment tariff to small-scale generators, offers only a “limited form of replacement” for the more generous FiT scheme.

The government maintained that the falling cost of renewables justified an end to the popular FiT scheme, which helped drive renewables installations but was funded through a levy on energy bills. Ministers have predicted that lower renewables costs means projects should be able to be deployed without subsidy support.

However, today’s report warns that while renewables costs have fallen significantly, the financial case for many small-scale renewable projects will be “drastically diminished” throughout 2020 and 2021.

Looking ahead, the CEE said the community energy sector will need to identify and develop new business models, ownership schemes, and technologies in order to thrive in the new post-subsidy world.

“With the energy system in a critical stage of transition towards a more decentralised, distributed and digitised system, as well as wholesale changes to the policy support landscape, 2020 will be a pivotal year for the entire energy sector,” the report notes. “For community energy, electricity generation projects are expected to become more financially marginal and difficult to deliver, with a shift towards new models integrating local energy generation with demand management services to achieve project viability.”

The group forecasts that there could be a greater uptake in community shares over debt finance as communities seek to make increasingly marginal projects work. And existing organisations are likely to diversify their approach by embracing energy demand reduction projects and investigating whether low carbon heating, smart grid, and transport projects could be undertaken alongside renewables installations.

The report argues that knowledge sharing and introducing more effective and standardised methods of quantifying and explaining the wider social and environmental value community energy projects can bring could also play a role in catalysing the sector in the years to come.

The report also notes that the community energy sector will likely see fewer projects developed this year due to the impact of Covid-19.

However, it argued that the sector’s response to the crisis has demonstrated the vital role community organisations play in providing local services and fostering community cohesion. Community energy projects across the country have raised hundreds of thousands of pounds between them to support pandemic response initiatives during the crisis.

As such, the sector remains upbeat about the role it could play in the clean energy transition in the coming decade.

In a new ‘vision’ document published alongside the state of the market report, CEE predicts that with the right support and policy mechanisms community energy could be powering the equivalent of 2.2 million homes by 2030, contributing 5,270MW to the energy system, supporting 8,700 jobs, saving 2.5 million tonnes of CO2 emissions, and adding over £1.8bn to the economy each year.

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Plans for £60m Welsh marine energy hub move forward

Government approves business case for Pembroke Dock Marine project, allowing plans for major new Marine Energy Test Area to move to next phase

Plans to build a world leading marine energy hub on the Welsh coast received a boost this week, after the UK and Welsh government approved the business case for the high profile Pembroke Dock Marine project.

The proposed £60m development would establish a Marine Energy Test Area within the Milford Haven Waterway which would be led by Marine Energy Wales and would enable technology developers to test their marine energy devices close to their base of operation.

It would also feature a new 90 square kilometre Pembrokeshire Demonstration Zone delivered by Wave Hub Limited to enable the testing of full-scale wave and floating wind energy devices.

Meanwhile, a Marine Energy Engineering Centre of Excellence would provide a technology, innovation and research centre delivered by the Offshore Renewable Energy (ORE) Catapult.

And the redevelopment of land at Pembroke Dock, which would be led by the Port of Milford Haven, would provide supporting infrastructure to the expanding marine energy industry.

The business case approval means Pembroke Dock Marine can now start accessing £18m of funding that the UK Government and Welsh Government have already released to the Swansea City Deal programme as a whole.

Pembroke Dock Marine is also seeking £28m from the £1.3bn City Deal programme in the coming years, which it expects to help leverage a further £32m of public and private funding.

“The impact of Covid-19 has further heightened the importance of Pembroke Dock Marine, so the project’s approval is very welcome news for Pembrokeshire’s residents and businesses,” said Cllr David Simpson, Leader of Pembrokeshire Council. “Worth £73.5 million a year, Pembroke Dock Marine will also make our economy more resilient in future by transforming Pembrokeshire and the City Region as a whole into a global example of best practice for zero carbon, marine energy innovation.

“With phase one of the Marine Energy Test Area having already opened last year, we now stand ready and wholly committed to accelerate working with our partners to deliver the project. This project will place Pembrokeshire and the City Region at the heart of a growing global industry, helping further raise the region’s profile as a place to do business and invest in.”

His comments were echoed by Andy Jones, chief executive of the Port of Milford Haven, who said the latest approval was “an exciting step – not just for Pembrokeshire and the region but also for our economy, our communities and our environment as we work towards net zero decarbonisation targets”.

The marine energy industry is hoping to receive a boost from the government’s imminent green recovery package.

The UK boasts some of the best marine energy resources in the world and is home to a number of leading developers and test centres.

However, technical challenges and concerns over the relatively high cost of wave and tidal energy technologies have meant the sector has to date struggled to emulate the success of the offshore wind and solar sectors.

But advocates for the industry maintain that stable policy support and R&D funding could enable it to slash costs in the coming years, allowing it to provide a reliable and sizeable source of clean energy in support of the UK’s net zero emissions goals.

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Marine clean tech firm inks £1m deal with Carnival Cruises to deploy ‘micro-bubble carpet’ technology

Silverstream Technologies solution smothers ships’ hulls in bubbles to save on fuel. Credit: Silverstream Technologies

Silverstream Technologies has developed a system where a carpet of microbubbles is spread across a ship’s hull in order to reduce friction, save fuel and slash carbon emissions.

A clean technology firm that has developed a system that spreads a carpet of micro-bubbles between a ship’s hull and the water to reduce drag and enhance fuel efficiency has landed a £1m deal with Carnival Cruises.

Silverstream Technologies’ innovative system, which pumps tiny bubbles through vents on a boat’s hull to reduce friction between the vessel and the water, reduces fuel consumption by between five to 12 per cent, according to the Department of International Trade.

Minister for Exports Graham Stuart yesterday touted the technology as the “perfect example” of how maritime businesses can leverage new technology to slash their carbon footprint.

This week’s deal with the US cruise giant is the latest in a string of contracts secured by Silverstream Technologies of late, following agreements with Grimaldi Group, oil giant Shell’s shipping division, and Lloyd’s Register.

The DoIT, trade advisor for the London-based clean tech firm, said that it expected the company’s overall turnover to double by the end of the year, due to pipeline of deals in Europe and Asia.

Noah Silberschmidt, Silverstream Technologies founder and chief executive, wants the microbubble technology to establish a greener global shipping standard. “Shipping is one of the hard to decarbonise global industries so we have spent the last few years independently testing our system to support our claims,” he said. “We want to become a standard on new build vessels in the industry and to be the ‘new normal’ for sustainable shipping.”

The carbon-intensive maritime sector, which facilitates 95 per cent of all of the UK trade, has a long way to go before it reaches its net zero emissions target by mid-century.

But Stuart said that companies like Silverstream would contribute to the country reaching its zero carbon goal. “The UK is a global leader in green transport solutions and the perfect place for companies like Silverstream to go global and contribute to our net zero 2050 ambition,” he said. 

Harry Thechari, chair of Maritime UK, echoed the minister’s sentiment. “Silverstream Technologies shows that innovative solutions are being found to help the maritime sector reach its net zero carbon emissions challenge – and then be exported around the world. With 90 per cent of all global trade moving by ship, the market opportunity is vast,” he said. “By developing cutting-edge green technologies, our businesses are delivering sustainable solutions and real economic and societal benefits.”

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Episode 224: Biodiversity, climate tech and voices of clean energy equity

Week in Review

Stories discussed this week.

Features

A new angel fund dedicated to decarbonization (18:50)

Ramez Naam, futurist and board member for Seattle-based angel investor network E8, chats about the new Decarbon-8 fund and why seeking racially diverse founders will be a priority. “Because if we are going to help some people build companies in this, and they’re going to profit, as the entrepreneurs should, we’d like some of that to go back into those people, in those communities,” he says. 

Funding biodiversity (31:14)

William Ginn, author of the new book “Valuing Nature,” talks with Associate Editor Deonna Anderson about ways the private sector can address biodiversity.

Voices of the clean energy equity movement (48:25)

GreenBiz Senior Analyst Sarah Golden shares highlights of conversations with Bartees Cox, director of marketing and communications at Groundswell, an organization that brings community solar to low-income customers; Alexis Cureton, former electric vehicle fellow at GRID Alternatives, which works to bring clean energy jobs and access to low-income communities; and Taj Eldridge, senior director of investment at Los Angeles Cleantech Incubator.

*Music in this episode by Blue Dot Sessions, AdmiralBob 77, Stefan Kartenburg and Lee Rosevere: “Throughput,” “Our Fingers Cold” and “Hundred Mile — Atmospheric” (Blue Dot); “Two Guitars” (AdmiralBob 77); “The Vendetta,” “Guitale’s Happy Place” and “Arc de Triomphe” (Kartenburg); “Curiosity” and “I’m Going for a Coffee” (Rosevere)

*This episode was sponsored by UPS.

Virtual conversations

Mark your calendar for these upcoming GreenBiz webcasts. Can’t join live? All of these events also will be available on demand.

The future of risk assessment. Ideas for building a supply chain resilient to both short-term disruptions such as the pandemic and long-term risks such as climate change. Register here for the session at 1 p.m. EDT June 16.

Supply chains and circularity. Join us at 1 p.m. EDT June 23 for a discussion of how companies such as Interface are getting suppliers to buy into circular models for manufacturing, distribution and beyond. 

Fleet of clean fleet. Real-life lessons for trucking’s future. Sign up for the conversation at 1 p.m. EDT July 2.

Resources galore

State of the Profession. Our sixth report examining the evolving role of corporate sustainability leaders. Download it here.

The State of Green Business 2020. Our 13th annual analysis of key metrics and trends published here.

Do we have a newsletter for you! We produce six weekly newsletters: GreenBuzz by Executive Editor Joel Makower (Monday); Transport Weekly by Senior Writer and Analyst Katie Fehrenbacher (Tuesday); VERGE Weekly by Executive Director Shana Rappaport and Editorial Director Heather Clancy (Wednesday); Energy Weekly by Senior Energy Analyst Sarah Golden (Thursday); Food Weekly by Carbon and Food Analyst Jim Giles (Thursday); and Circular Weekly by Director and Senior Analyst Lauren Phipps (Friday). You must subscribe to each newsletter in order to receive it. Please visit this page to choose which you want to receive.

The GreenBiz Intelligence Panel is the survey body we poll regularly throughout the year on key trends and developments in sustainability. To become part of the panel, click here. Enrolling is free and should take two minutes.

Stay connected

To make sure you don’t miss the newest episodes of GreenBiz 350, subscribe on iTunes. Have a question or suggestion for a future segment? E-mail us at [email protected].

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