Google, Kairos, and TVA Unlock Advanced Nuclear Energy for America’s AI Data Centers

Google, Kairos Power, and the Tennessee Valley Authority (TVA) have joined forces to bring the next generation of nuclear energy to the U.S. electricity grid. On August 18, the partners announced a landmark power purchase agreement (PPA) for Kairos Power’s Hermes 2 Plant in Oak Ridge, Tennessee.

  • The project is the first step under a broader agreement between Kairos Power and Google to bring 500 MW of advanced nuclear capacity online by 2035. It will directly support the tech giant’s growth and clean energy goals.

Kairos Scales Up Hermes 2 to Power Google Data Centers

This agreement marks the first time a U.S. utility will buy electricity from an advanced Generation IV (GEN IV) nuclear reactor. Under the deal, the Hermes 2 reactor will supply up to 50 megawatts (MW) of round-the-clock, carbon-free energy to TVA’s grid starting in 2030.

Originally designed to generate 28 MW. By boosting output, Kairos Power ensures that the plant delivers enough energy for data centers that run 24/7 with near-zero downtime. Precisely, that electricity will power Google’s massive data centers in Montgomery County, Tennessee, and Jackson County, Alabama.

Kairos nuclear
Source: Kairos

Amanda Peterson Corio, Google’s Global Head of Data Center Energy

“To power the future, we need to grow the availability of smart, firm energy sources. This collaboration with TVA, Kairos Power, and the Oak Ridge community will accelerate the deployment of innovative nuclear technologies and help support the needs of our growing digital economy while also bringing firm carbon-free energy to the electricity system. Lessons from the development and operation of the Hermes 2 plant will help drive down the cost of future reactors, improving the economics of clean firm power generation in the TVA region and beyond.”

Mike Laufer, Kairos Power CEO and co-founder, also noted,

“This collaboration is an important enabler to making advanced nuclear energy commercially competitive. The re-envisioned Hermes 2 gets us closer to the commercial fleet sooner and could only be made possible by close collaboration with TVA and Google, and a supportive local community. We are excited to grow Kairos Power’s operations in Oak Ridge while writing a new chapter in the region’s distinguished nuclear history.”

TVA Bridges Utilities, Tech, and Innovation in Nuclear Power

TVA will buy the electricity from Kairos Power and deliver it to Google through its grid. In return, Google will receive the clean energy attributes tied to Hermes 2, ensuring its local operations are powered with verified carbon-free energy every hour of every day.

This three-way model, i.e, bringing together energy customers, utilities, and technology developers, highlights a new path for delivering advanced energy projects. Instead of utilities or developers shouldering all the risk, partnerships distribute costs and accelerate innovation.

Don Moul, TVA President and CEO, said,

“Energy security is national security, and electricity is the strategic commodity that is the building block for AI and our nation’s economic prosperity. The world is looking for American leadership, and this first-of-a-kind agreement is the start of an innovative way of doing business. By developing a technology, a supply chain, and a delivery model that can build an industry to unleash American energy, we can attract and support companies like Google and help America win the AI race.”

Why Oak Ridge Matters

The decision to build Hermes 2 in Oak Ridge, Tennessee, carries deep symbolic weight. Oak Ridge played a central role in nuclear innovation during the 20th century and was the site of some of the biggest breakthroughs in U.S. nuclear history. Now, it’s becoming a hub for the next era of nuclear innovation.

Beyond clean energy, the project will drive local growth. Kairos Power is working with the University of Tennessee and other regional institutions to train operators, engineers, and technicians. These programs aim to create a pipeline of high-paying, skilled jobs in advanced nuclear technology, ensuring that the benefits of Hermes 2 extend far beyond the plant itself.

Rising Electricity Demand in the AI Era

The timing of Hermes 2 couldn’t be more critical. America’s power grid faces surging demand, fueled by data centers and transportation electrification.

Deloitte estimates that data center power use could increase fivefold by 2035, climbing to 176 gigawatts (GW).

DATA CENTER ENERGY NEED

  • The National Electrical Manufacturers Association (NEMA) projects that U.S. electricity demand will rise 2% annually, surging nearly 50% by 2050.

This growth is driven not just by cloud services but by artificial intelligence (AI), which requires immense computing power. AI-focused data centers may consume thousands of megawatts each, far beyond the capacity of traditional renewable energy solutions alone.

Why Nuclear Energy is a Strong Fit for Data Centers?

Nuclear power is emerging as one of the few reliable options to meet skyrocketing electricity needs while cutting emissions. IEA says, in 2024, nuclear supplied 18.5% of U.S. electricity, despite accounting for less than 8% of total operating capacity.

  • Massive power output: A single nuclear reactor can generate 800 MW or more, enough to support multiple hyperscale data centers.

  • Around-the-clock reliability: Unlike wind and solar, nuclear plants provide steady power, day and night.

  • Low emissions: Nuclear energy produces almost no greenhouse gases during operation, making it a climate-friendly option.

  • Efficient land use: Nuclear facilities need far less land compared to solar or wind farms, which makes them ideal for regions where space is limited.

The Rise of Small Modular Reactors (SMRs)

While traditional nuclear plants are ideal for massive grids, small modular reactors (SMRs) are changing the game. SMRs typically generate up to 300 MW, making them flexible, scalable, and perfectly sized for powering individual data centers or clusters.

SMRs also carry advantages in cost and deployment:

  • They can be built in factories and assembled on-site, speeding up timelines.

  • Their modular design lowers upfront capital risks.

  • They can be paired with renewables to provide grid stability.

Experts predict that by 2035, SMRs could cover 10% of the forecasted increase in U.S. data center electricity demand if regulatory and financial hurdles are overcome.

SMR NUCLEAR
Source: IEA

Kairos Power–TVA–Google Model Cracks the Cost Barrier 

Based on the above analysis, the Kairos Power–TVA–Google model is also designed to spread out costs and bring down expenses for utilities and households over time. This is possible because of leveraging early partnerships with major energy buyers like Google.

Moving on, the Hermes 2 project is a blueprint for how advanced nuclear can scale across the U.S. energy system.

  • For utilities, it provides reliable, carbon-free power without overburdening ratepayers.

  • For tech companies, it delivers guaranteed clean energy to match massive AI and data needs.

  • For communities, it creates jobs, training programs, and long-term economic benefits.

Boosting Google’s 2030 Carbon-free Energy Goal

The U.S. is entering a new era where electricity demand is rising fast, mainly due to data centers and AI. And renewable energy can’t do it alone. The grid needs a reliable, scalable, and carbon-free solution.

For Google, Hermes 2 builds on nearly a decade of clean energy work with TVA. Since 2015, Google has invested a lot in renewable energy for the Tennessee Valley. This effort helps modernize the grid and supports data center growth.

Now, with Hermes 2, Google is taking the next leap — adding 24/7 nuclear power to complement wind and solar. This move helps meet Google’s 2030 carbon-free energy goal. It also ensures that its expanding AI operations are powered reliably.

Google low carbon energy
Source: Google

Google, Kairos Power, and TVA are proving that nuclear and data centers can grow together. If Hermes 2 works, it may speed up SMR use across the U.S. This would help meet climate goals and manage rising energy demands.

Intel Stock Surges 9.8% on $2B SoftBank Deal: Can Its Net-Zero Push Power the Future of Chips?

Intel Corporation (NASDAQ: INTC), one of the world’s largest semiconductor makers, has made headlines with a notable surge in its stock price. INTC stock jumped nearly 9.8% after SoftBank announced a $2 billion investment in the chipmaker. The deal shows that confidence in Intel’s turnaround is growing while the company is increasing its semiconductor manufacturing capacity.

The development also raised questions about possible U.S. government support for Intel. This could be part of efforts to boost domestic chip production. Investors reacted well, and Intel’s stock had one of its largest single-day gains in months.

While investors focus on Intel’s turnaround strategy, another side of the company is drawing attention: its ambitious sustainability goals and efforts to cut greenhouse gas emissions.

Let’s examine Intel’s recent stock performance and then cover the company’s net-zero goals, emissions profile, and broader ESG initiatives that influence its long-term strategy.

Intel Stock’s Big Rebound

Intel stock

Intel is one of the world’s largest semiconductor companies, with a market capitalization of over $110 billion. It has a strong footprint in personal computer processors, data centers, and advanced chip design.

More recently, Intel has been putting a lot of money into foundry services. This move helps them compete with companies like TSMC and Samsung. The $2 billion SoftBank investment is viewed as a major boost to its strategy.

Analysts think this capital can help Intel speed up research, boost production, and catch up in the race for advanced chip tech.

The stock surge shows that investors believe in Intel’s turnaround plan. This plan includes increasing manufacturing capacity in the U.S. and Europe. The U.S. government’s CHIPS and Science Act encourages domestic semiconductor production. This has improved Intel’s market outlook.

Intel’s stock mainly relies on financial performance. However, many investors are also watching the company’s sustainability efforts. This is especially true as ESG-focused funds and climate-conscious stakeholders assess tech companies based on their environmental impact.

Green Chips: Intel’s 2040 Net-Zero Roadmap

Intel has committed to reaching net-zero greenhouse gas (GHG) emissions across its global operations by 2040. This pledge covers both direct emissions (Scope 1) and indirect emissions from purchased energy (Scope 2).

Intel net zero roadmap

The company also wants to team up with suppliers and customers to cut value chain emissions (Scope 3). However, this goal is tougher to achieve.

Key pillars of Intel’s net-zero roadmap include:

  • Achieving 100% renewable electricity globally by 2030 (Intel has already reached this milestone in the U.S. and Europe).
  • Improving energy efficiency across operations and products.
  • Creating advanced technologies helps customers reduce their carbon footprints. For example, energy-efficient processors for data centers play a key role.
  • Investing in water restoration and waste reduction programs.

Intel stresses that its strategy goes beyond meeting regulations. It focuses on building long-term resilience. In today’s world, this is important as sustainability is key to staying competitive.

Crunching Carbon: Emissions Progress and Challenges

Intel publishes detailed environmental data in its annual Corporate Responsibility Report. According to the company’s latest 2024 data:

  • Intel cut its Scope 1 and 2 emissions by over 10% year-over-year. This drop came mainly from using renewable energy and efficiency projects.
intel scope 1 and 2 emissions 2024
Source: Intel
  • The company has maintained >90% renewable electricity use worldwide, with plans to close the remaining gap by 2030. It achieved 98% in 2024.
  • Scope 3 emissions make up the biggest part of Intel’s carbon footprint. This is mainly due to the upstream supply chain and the energy used by Intel-powered devices. Intel is working with suppliers to improve reporting and emissions reduction strategies.
intel ghg emissions 2024
Source: Intel

This emissions data highlights both progress and challenges. While Intel is making strides in its operational footprint, addressing Scope 3 will be critical if it wants to reach its full net-zero ambitions.

Beyond Silicon: Intel’s Broader ESG Moves

Intel’s ESG framework goes beyond carbon emissions. The semiconductor company has integrated sustainability across multiple dimensions:

  • Water stewardship:
    Intel has restored billions of gallons of freshwater through conservation projects. In 2023 alone, the company restored over 3 billion gallons to local watersheds. Its long-term goal is to become net positive on water use by 2030.
  • Circular economy and waste:
    The chipmaker sends less than 1% of waste to landfill, focusing instead on recycling and material recovery.
  • Diversity and inclusion:
    Intel maintains programs to expand workforce diversity and promote inclusive hiring practices, aligning with its ESG reporting standards.
  • Product efficiency:
    The company creates processors that use less power for each unit of performance. This cuts energy use in data centers, which are some of the fastest-growing sources of electricity demand globally.

These initiatives position Intel not only as a chipmaker but also as a leader in corporate sustainability.

Balancing Growth with Green Goals

Intel’s ability to grow and compete in the semiconductor market is tied to two forces:

  1. technological innovation, and
  2. sustainable practices.

As demand for AI and data center chips grows, so does the scrutiny of their environmental impact. Investors are increasingly asking how chipmakers will balance massive energy needs with climate commitments.

The semiconductor industry is one of the most energy-hungry sectors in the world. Chip production requires large amounts of electricity and water, especially in advanced fabrication plants.

The global sector emits more than 64 million tons of CO₂ each year, roughly the same as a mid-sized country. Most emissions come from high-power manufacturing tools and the use of greenhouse gases in production. As demand for chips grows, the industry faces rising pressure to cut emissions and improve efficiency.

semiconductors ghg emissions
Source: Sustainability 2025, 17(7), 3160; https://doi.org/10.3390/su17073160

Intel’s net-zero pledge and ongoing ESG projects suggest the company is preparing for this future. By reducing operational emissions and pushing suppliers toward greener practices, Intel can strengthen its reputation with both regulators and investors.

The Future of Chips: Innovation Meets Sustainability

Intel’s recent stock surge underscores renewed investor optimism in its recovery plan and competitiveness in the global chip industry. At the same time, its ambitious net-zero goals and ESG commitments highlight how sustainability has become a core part of its strategy.

The chipmaker aims to be a technology leader by cutting emissions, investing in renewable energy, and promoting efficiency. This way, it balances growth with responsibility.

The company’s path to net-zero isn’t finished yet, especially regarding Scope 3 emissions. Still, its progress proves that financial strength and sustainability can go hand in hand.

As the semiconductor industry grows in importance for AI, cloud, and digital infrastructure, Intel’s ability to align innovation with environmental responsibility may prove to be just as critical as its financial gains.

Formation Metals (FOMO): Is it the Next Big Gold Stock to Watch in 2025?

Disseminated on behalf of Formation Metals Inc.

Formation Metals Inc. (CSE:FOMO, OTCPK:FOMTF, FSE:VF1) is turning heads in the mining world as it pushes forward with one of Quebec’s most promising exploration projects. With gold prices soaring and demand for critical metals on the rise, this junior explorer could be sitting on a major discovery.

Here’s why savvy investors should be watching Formation Metals closely in 2025.

Gold Bull Market and Clean Energy Trends Align Perfectly

Gold has soared to record highs in 2025, trading above $3,400 per ounce. Central banks and investors are rushing to buy gold as a safe-haven asset. President Trump’s renewed push for tariffs has created more market uncertainty, which is also driving prices up.

Source: Bloomberg

Looking ahead, the outlook stays strong. JP Morgan expects gold to average around $3,675 per ounce by late 2025 and climb toward $4,000 by mid-2026. Demand is likely to stay high, with central banks and investors expected to buy about 710 tonnes each quarter this year.

Gold
Source: JP Morgan

Also, the demand for metals tied to electrification and clean energy is surging. And Formation’s flagship N2 gold project aligns perfectly with both trends. Additionally, Quebec has simple permitting rules, so projects move faster with less paperwork and delays.

Formation Metals’ Flagship N2 Gold Project: A Prime Asset in Quebec’s Abitibi Gold Belt

The miner’s flagship asset, the N2 Gold Project is located in Quebec’s Abitibi sub province. This region is well-known for producing millions of ounces of gold because of its rich geology and mining-friendly policies. N2 covers 87 claims across nearly 4,400 hectares and lies right along the Casa Berardi trend which is a home to several major gold discoveries.

More importantly, the property is accessible year-round via highway and logging roads, which makes it easier and cheaper to explore.

Gold Resource Nears 1 Million Ounces!

The N2 Project already holds a historical gold resource of around 870,000 ounces, spread across multiple zones. This includes 18 million tonnes grading roughly 1.4 to 1.5 grams per tonne of gold, plus a higher-grade zone (RJ) with 243,000 tonnes at 7.82 g/t.

What’s even more exciting is that much of the property remains underexplored. Only about a third of the “A” zone has been drilled, leaving over 3 kilometers open for future expansion. The Management believes that with proper exploration, the resource could grow well beyond three million ounces.

2025 Drill Program Fully Funded and Underway

It has launched a 20,000-metre drill program, with the first 5,000 metres fully funded and set in motion. The focus is on expanding the known gold zones, especially “A,” “RJ,” and “Central” while also chasing new mineralized trends.

This kind of aggressive drilling is often what sets early-stage juniors apart. Formation is betting big on the ground it owns, and investors may soon see the results.

Formation metals
Source: FOMO

Base Metals Upside: Copper and Zinc Intercepts Add Value

Gold might be the headliner, but there’s more to N2. A fresh review of historic drill core revealed notable copper and zinc intercepts across the property. That means Formation could be holding onto a multi-metal discovery, not just a gold project.

In a market where base metals like copper are seeing renewed demand with the EV boom, infrastructure, and clean tech, that’s a major bonus.

Undervalued Formation Metals Stock Offers Re-Rating Potential

With C$2.8 million in working capital and $14.3M market cap, the mining company is fully funded for its 2025 drill plans. That financial stability removes a key risk often seen in the junior space i.e. running out of cash mid-program.

Based on these figures, experts say that if FOMO can confirm even a 3 million-ounce gold resource, the in-ground value at current gold prices could exceed $9.9 billion. Assuming just a 50% success rate in its drill campaign, that’s potentially $4.95 billion in value creation, yet the company’s market cap remains a fraction of that.

This gap presents a clear re-rating opportunity. Once drill results hit the market and permit approvals come through (expected within weeks), investors could start pricing in N2’s full potential.

Strong Re-rating Potential

Formation Metals FOMO
Source: FOMO

Formation Metals Stock Could Be 2025’s Breakout Mining Play

The company is shaping up to be one of 2025’s most interesting junior mining stories. With a large, underexplored gold project in a tier-one jurisdiction, base metals potential, a fully funded drill campaign, and a clear path to resource expansion, this company is positioned for a major upside move.

For investors looking to ride the gold wave and get exposure to copper and zinc also Formation Metals could be the opportunity to watch before the market catches on.

DISCLAIMER

New Era Publishing Inc. and/or CarbonCredits.com (“We” or “Us”) are not securities dealers or brokers, investment advisers or financial advisers, and you should not rely on the information herein as investment advice. Formation Metals Inc. made a one-time payment of $30,000 to provide marketing services for a term of 1 month. None of the owners, members, directors, or employees of New Era Publishing Inc. and/or CarbonCredits.com currently hold, or have any beneficial ownership in, any shares, stocks, or options in the companies mentioned. This article is informational only and is solely for use by prospective investors in determining whether to seek additional information. This does not constitute an offer to sell or a solicitation of an offer to buy any securities. Examples that we provide of share price increases pertaining to a particular Issuer from one referenced date to another represent an arbitrarily chosen time period and are no indication whatsoever of future stock prices for that Issuer and are of no predictive value. Our stock profiles are intended to highlight certain companies for your further investigation; they are not stock recommendations or constitute an offer or sale of the referenced securities. The securities issued by the companies we profile should be considered high risk; if you do invest despite these warnings, you may lose your entire investment. Please do your own research before investing, including reading the companies’ SEDAR+ and SEC filings, press releases, and risk disclosures. It is our policy that information contained in this profile was provided by the company, extracted from SEDAR+ and SEC filings, company websites, and other publicly available sources. We believe the sources and information are accurate and reliable but we cannot guarantee it.

 CAUTIONARY STATEMENT AND FORWARD-LOOKING INFORMATION

Certain statements contained in this news release may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information generally can be identified by words such as “anticipate”, “expect”, “estimate”, “forecast”, “planned”, and similar expressions suggesting future outcomes or events. These statements reflect current views regarding company performance, business goals, market conditions, and intellectual property development. The statements are based on current business and market expectations. However, they involve various risks and uncertainties, including potential delays, financial difficulties, operational challenges, and problems protecting intellectual property. Additional risks include possible regulatory approval delays, market disruptions, personnel issues, and competitive pressures.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Additional information about risks and uncertainties is contained in the Company’s management’s discussion and analysis for the year ended December 31, 2024, and the Company’s annual information form for the year ended December 31, 2024, copies of which are available on SEDAR+ at www.sedarplus.ca.

The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflects management’s current beliefs and is based on information currently available to the Company. The forward-looking information is made as of the date of this news release and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law.

For more information on the Company, investors should review the Company’s continuous disclosure filings that are available on SEDAR+ at www.sedarplus.ca.

Please read our Full RISKS and DISCLOSURE here.


Disclosure: Owners, members, directors, and employees of carboncredits.com have/may have stock or option positions in any of the companies mentioned: None.

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Please read our Full RISKS and DISCLOSURE here.

ICVCM Backs Verra’s Biochar and IFM Methods as High-Integrity Climate Solutions

The Integrity Council for the Voluntary Carbon Market (ICVCM) has officially endorsed five carbon credit methodologies: three for biochar and two for Improved Forest Management (IFM) as meeting its Core Carbon Principles (CCPs). One additional IFM methodology received conditional approval, pending adjustments.

This decision marks a significant milestone for Verra and other carbon market stakeholders, signaling stronger quality assurance for nature-based climate solutions.

ICVCM: Setting a High Bar for Carbon Credit Quality

The ICVCM is an independent, non-profit body dedicated to ensuring voluntary carbon markets deliver credible climate action. Its CCP label acts as a global benchmark for high-quality carbon credits.

To earn this label, a methodology must meet strict criteria outlined in the ICVCM’s Assessment Framework, which defines what “high quality” means in practice. The CCP label provides buyers with a simple, trustworthy way to identify credits with real climate impact.

Biochar Methodologies Approved 

The ICVCM has given its CCP stamp to the following three biochar methods:

  • CAR – U.S. and Canada Biochar (Version 1.0)
  • Isometric Biochar Production and Storage (Version 1.0)
  • Verra VM0044 Biochar Utilization in Soil and Non-Soil Applications (Version 1.2)

What is biochar?

Biochar is a carbon-rich material created by heating biomass—such as crop residues or wood—under low-oxygen conditions through a process called pyrolysis. This method locks carbon into a stable form, preventing it from decaying and releasing greenhouse gases.

When added to soil or used in other applications, biochar stores carbon for hundreds or even thousands of years. Beyond its climate benefits, biochar can improve soil health and crop yields.

Rising Market Demand

Biochar has become one of the fastest-growing sectors in the voluntary carbon market. According to MSCI, demand for biochar carbon credits has doubled every year for the past two years.

All three newly approved biochar methods are fresh to the market, with no credits issued yet.

  • Under the Isometric methodology, 25 projects are registered, expected to produce 500,000 credits in 2026.
  • For Verra’s VM0044, three projects are registered, forecasted to deliver 249,000 credits annually.

Annette Nazareth, Chair of the ICVCM, noted,

“Biochar is a rapidly growing segment of the carbon market and the approvals announced today underscore the credibility of this emerging climate solution. We look forward to seeing more projects developed under these newly approved methodologies, adding to the pool of high integrity credits that will soon be available to buyers.”

biochar market
Source: Fortune Business Insights

IFM Methodologies Approved

Improved Forest Management projects focus on better forestry practices that increase carbon storage and cut emissions. Strategies include:

  • Extending harvest rotation periods
  • Setting aside conservation zones
  • Using reduced-impact logging techniques to limit forest and soil damage

Currently, IFM projects make up around 4% of the voluntary carbon market. The two IFM methods are:

  1. Verra VM0045 Improved Forest Management Using Dynamic Matched Baselines from National Forest Inventories (Version 1.2)
  2. ACR – IFM on Non-Federal U.S. Forestlands (Version 2.1), with specific leakage deduction requirements

Verra’s New Approach to Forest Carbon Accounting

Verra’s VM0045 is a new methodology that shifts from traditional, static models to dynamic baselines built on continuously updated national forest inventory data. This provides a more accurate and transparent measure of a project’s carbon impact.

No credits have yet been issued under VM0045, but two projects are in validation, with expectations to issue 258,000 credits annually.

Mandy Rambharos, CEO of Verra, said,

“The ICVCM’s approval of these methodologies is a defining milestone for nature-based solutions and the carbon markets, ensuring carbon credits deliver real, measurable, and lasting climate impact. Whether it’s transforming waste biomass into carbon-storing biochar or helping forests thrive through smarter management, these methodologies are about real-world action for real-world impact. This decision is a powerful endorsement of high-integrity climate solutions that not only reduce emissions but also bring tangible benefits to communities and ecosystems around the world.”

ACR’s IFM Methodology with Leakage Deductions

The ACR IFM on Non-Federal U.S. Forestlands (Version 2.1) includes rules to address leakage—the risk that reduced timber harvesting in one area causes increased harvesting elsewhere.

Projects that lower total wood product output compared to the baseline must apply a 10–20% leakage deduction, based on standard IFM practices. This ensures unintended emissions outside the project area do not offset climate benefits.

Version 2.1 has 18 listed projects covering nearly 500,000 acres, but no credits have been issued yet. The ICVCM is still reviewing Version 2.0, with a decision expected in September.

Conditional Approval: CAR Mexico Forest Protocol

The CAR Mexico Forest Protocol (Version 3) received provisional approval, contingent on two changes:

  1. Leakage Accounting Update – CAR must revise its leakage values to align with the latest research.
  2. Permanence Requirement – A minimum 40-year permanence commitment must be in place while tonne-year accounting is assessed in the context of common Mexican forestry practices.

The methodology has already issued 8.1 million credits, but it’s unclear how many will qualify for CCP labeling after these changes.

forest carbon credits
Source: Global Market Insights

Why These Approvals Matter

The ICVCM’s endorsements send a strong signal to carbon credit buyers and developers. Projects certified under CCP-approved methodologies are seen as scientifically sound, environmentally robust, and market-ready.

For biochar, the approvals come at a time when demand is skyrocketing, positioning it as a credible long-term carbon removal tool. For IFM, the focus on accurate baselines and leakage control enhances trust in forest-based credits—an area that has sometimes been criticized for overestimating climate benefits.

These decisions also raise the bar for transparency and accountability in the voluntary carbon market, encouraging other methodologies to adopt stricter, evidence-based practices.

With the newly approved methods, developers can move forward with confidence, knowing their projects meet the highest integrity standards. Buyers, in turn, can purchase credits backed by rigorous science and verified climate benefits.

Qatar Issues $2.5B Green Bonds: A New Era for Gulf Sustainable Finance

As per reports, Qatar has taken a major step in sustainability. In Q2 2024, it issued its first sovereign green bonds worth $2.5 billion. This marked its entry into the global sustainable finance market and set records for the Middle East, Central and Eastern Europe, and Africa. The issuance is split into two tranches: $1 billion for five years and $1.5 billion for ten years. Both were priced at record-low spreads over US Treasuries.

The Ministry of Finance confirmed strong global interest. Bids exceeded three times the offered amount. This demand shows that investors want green assets in emerging markets. It also positions Qatar as a leader in sustainable finance.

Qatar’s Green Bond Milestones: Setting a Benchmark for the Gulf

Qatar is also updating its sovereign green assets register. This register tracks projects financed through green bonds, ensuring accountability and transparency. The government released its first allocation report, showing investors how proceeds are used.

By improving disclosure standards, Qatar sets an example for Gulf states on attracting responsible capital. The register builds a foundation for long-term credibility in sustainable finance.

Driving Climate Resilience Through Policy

Qatar is advancing climate resilience through its National Adaptation Plan (NAP). This plan protects the economy, people, and at-risk coastal areas from climate threats. These efforts support the Qatar National Vision 2030, which aims to balance economic growth with ecological protection.

New sustainable finance regulations will align capital flows with climate goals. These measures support the Qatar Central Bank’s Sustainable Finance Framework, guiding banks to invest in renewable energy, energy efficiency, and other climate-friendly initiatives.

Unlocking Qatar National Vision 2030

The green bond debut connects to the broader goals of the Qatar National Vision 2030 (QNV 2030). Launched in 2008, this framework aims to transform Qatar into a sustainable society by 2030.

QNV 2030 is structured around four pillars:

  • Human Development: Enhancing education, healthcare, and research for citizens.

  • Social Development: Building a cohesive society based on cultural values and global partnerships.

  • Economic Development: Diversifying the economy beyond hydrocarbons and fostering private sector growth.

  • Environmental Development: Preserving natural resources during modernization.

Qatar emissions
Source: Our World Data

These pillars shape every national strategy, including the 2024–2030 development plan. As the target year nears, the vision serves as a guide for balancing modernization and environmental care.

Catalyzing Regional Green Finance Growth

Qatar’s $2.5 billion bond issuance is a regional game changer. As the first GCC country to issue sovereign green bonds, Qatar paves the way for others in the Gulf. Its success shows that global investors want to support credible, sustainable projects in the Middle East.

This precedent may inspire other countries in the region to explore sustainable finance options, such as green bonds or green Sukuk. Such moves would accelerate the Gulf’s shift towards ESG-aligned investments and improve regional competitiveness.

Building Policy Momentum and Market Confidence

The issuance benefits from clear regulatory support. The Qatar Central Bank’s Sustainable Finance Framework ensures green capital funds projects with measurable environmental impact. By embedding sustainability into finance, Qatar creates an environment for banks and investors to engage in the green economy.

This momentum reassures investors while promoting innovation in financial products. For example, sustainable Sukuk and green infrastructure funds are likely to gain traction, expanding options for stakeholders.

Attracting Global Capital and Investment

Qatar aims to attract up to $75 billion in sustainable investments by 2030. The sovereign green bond is a vital step. Proceeds will fund high-standard projects in renewable energy, sustainable water management, energy efficiency upgrades, and green buildings.

Targeted investments signal that Qatar is serious about aligning economic growth with climate goals. This diversifies the investor base, drawing interest from global funds focused on ESG portfolios.

Supporting Qatar’s Environmental and Economic Transformation

The green bond proceeds will support projects with significant environmental benefits. Priority areas include:

  • Renewable Energy: Scaling solar, wind, and clean energy sources to reduce fossil fuel reliance.

  • Energy Efficiency: Retrofitting infrastructure to lower consumption and emissions.

  • Water Management: Expanding conservation and recycling to protect scarce resources.

  • Green Buildings: Constructing and upgrading properties to meet sustainability standards.

By funding these sectors, Qatar reduces emissions and diversifies its economy away from hydrocarbons—a crucial challenge for Gulf economies.

qatar renewable energy
Source: KAHRAMAA Renewable energy

Boosting Investor Trust and Global Standing

The strong demand for the green bond reflects investor confidence in Qatar’s stability and long-term vision. The issuance shows Qatar can deliver projects that meet global climate goals while maintaining fiscal discipline.

Ahmed Ali Al-Hammadi, Head of Sustainable Finance at Qatar National Bank, stated that Qatar’s actions demonstrate how green finance boosts sustainability and economic growth. He believes other GCC entities will probably follow suit.

Aligning with Global Climate Goals

Qatar’s entry into the green bond market matters beyond the region. It aligns with the United Nations Sustainable Development Goals (SDGs) and supports the Paris Agreement. By raising funds for climate-resilient projects, Qatar helps limit the temperature rise. It also positions itself as a responsible global partner.

This issuance also enhances Qatar’s global reputation, showing that hydrocarbon-dependent economies can shift to greener paths without sacrificing growth.

A New Era for the Middle East’s Green Finance Market

The country’s green bond success opens a new chapter in Middle Eastern finance. It shows that innovative financial tools and strong policies can attract global investment. These efforts also support national climate goals.

Qatar sets high standards for transparency and accountability. This creates a model for others in the region. Its progress shows that sustainable finance isn’t just a trend. It’s a powerful force for a low-carbon future.

Meta and Calyx Global Warn Engineered Carbon Removal Boom Risks “Phantom Credits”

Carbon removal is one of the most talked-about tools in the global climate fight. Companies and governments are using engineered carbon dioxide removal (eCDR) projects. They aim to balance emissions that are hard to reduce. These projects are seen as a “safe haven” in the voluntary carbon market as they offer lasting, long-term carbon storage.

But a new report from Meta and Calyx Global warns of a critical blind spot. Many of these projects do not properly account for embodied emissions—the carbon “debt” created when building and running removal infrastructure. This includes the energy and materials used in construction, machinery, and infrastructure.

By excluding or amortizing these emissions, some registries allow carbon credits to be issued before any real climate benefit occurs. If projects stall or fail, the result is phantom removals—credits with no actual climate impact.

The report shows a need for quick reforms in these areas:

  • Upfront accounting,
  • Full transparency, and
  • Better alignment across registries

With eCDR credit purchases growing at record speed, the stakes are rising fast.

The Boom in Engineered Carbon Removals

Engineered carbon dioxide removal, or eCDR, is a set of technologies. These technologies pull CO₂ directly from the air and store it safely for centuries.

eCDR approach differs from nature-based solutions like reforestation. It focuses on long-lasting carbon removal. It uses techniques like direct air capture (DAC), biochar, bio-oil, enhanced mineralization, and biomass carbon removal and storage (BiCRS).

These approaches are energy- and capital-intensive but are seen as critical for reaching net zero because they provide permanent storage.

Notably, interest in engineered removals has exploded. Purchase agreements for future eCDR delivery grew seven times from 2022 to 2023. Then, they nearly doubled again to 8.2 million credits in 2024, according to cdr.fyi.

Another 25 million credits have already been bought in 2025, with Microsoft leading the way. At the same time, traditional nature-based credits, like afforestation, have slowed down a lot. This increase in demand has opened up more interest in engineered options. 

durable cdr purchasing trend q2 2025

Buyers see eCDR as more durable and technically verifiable. Yet without proper embodied emissions accounting, the credibility of these credits is at risk.

The report warns that if projects shut down early, the embodied carbon debt may never be repaid. This leaves the market with phantom credits or removals that never actually occurred.

How Embodied Emissions Get Overlooked

Carbon markets usually track process emissions, such as energy used in operations. These emissions are measured in real time. But embodied emissions are treated inconsistently. Some registries ignore them. Others allow developers to amortize emissions, spreading them over many years of the project.

Source: Calyx Global report

This means projects can start issuing credits even when they are still net emitters. For example:

  • A biochar project might have embodied emissions equal to 20% of its first year’s credits. If those emissions are spread out, the project sells credits as if it has already removed CO₂. But the atmosphere still has more CO₂.
  • A DAC facility with heavy upfront infrastructure may take years to break even. If the project halts early, its credits will have overstated its climate benefit from the start.

This accounting gap creates a major risk for buyers who assume their carbon offsets are delivering immediate impact. The report stated:

“It makes it difficult for a buyer to understand when projects start to deliver actual atmospheric benefits…Until the amortization period is over, projects will issue more credits than the net removals they have delivered. The true benefit comes when those over-credited removals have also been paid back.”

How Registries Differ: A Patchwork of Rules

The white paper highlights wide differences among carbon standards:

  • No Accounting: Registries like the Verified Carbon Standard (VCS), American Carbon Registry (ACR), and Climate Action Reserve (CAR) do not require embodied emissions accounting. This means credits are almost always overstated.
  • Default Deduction: Some standards, like Carbon Standards International, apply only small default deductions—not tied to actual project data.
  • Amortization Allowed: Gold Standard, Puro.Earth, and others require accounting but allow amortization, sometimes over decades. A project could issue credits for years before becoming truly net-negative.
  • Upfront Deduction Option: Isometric is the only registry that allows—but does not require—upfront accounting. This method provides the highest integrity but is rarely chosen.

This patchwork approach undermines transparency and comparability, creating uncertainty for investors and credit buyers.

When Offsets Aren’t Real: The Phantom Removal Problem

The risk of “phantom removals” is not just theoretical. If embodied emissions are amortized and a project ends prematurely, the carbon debt remains unpaid. Yet the credits already sold continue circulating in the market, allowing buyers to claim offsets that never happened.

A theoretical eCDR project (represented in the chart below) shows how amortizing embodied emissions can misrepresent climate benefits. The facility removes 1,000 tCO₂ annually but emits 400 tCO₂ during operations and carries 2,000 tCO₂ of embodied emissions from construction.

emissions accounting for eCDR project
Source: Calyx Global report

By spreading these embodied emissions over 10 years, the project claims 400 tCO₂ net removals each year. However, the atmosphere initially sees a “carbon debt,” with the project acting as a net emitter for three years. Carbon credits issued during this period are overestimated by up to 300% before balancing by year 10.

This gap not only erodes trust in carbon markets but also raises reputational risks for companies using these credits to meet climate pledges. For firms that value credibility, like Microsoft and Meta, phantom credits can hurt their net-zero goals.

What Needs to Change

The Meta–Calyx Global paper calls for immediate reforms to strengthen eCDR crediting integrity:

  1. Upfront Accounting – Require all upstream embodied emissions to be deducted in the first reporting period.
  2. Lifecycle Transparency – Publicly report full life-cycle emissions, including upstream (construction), ongoing (maintenance), and downstream (decommissioning).
  3. Buyer Safeguards – Encourage buyers to be cautious. They should “right-size” claims to cover uncounted emissions or pair credits with others that offer durability.
  4. Registry Reform – Push registries to standardize approaches and eliminate amortization practices that delay real climate benefits.

Buyers should ask for more transparency. They can delay using credits until projects show net removals. Stacking credits can also help hedge risks.

Why Credibility Matters in a Net-Zero World

Engineered removals are central to global net-zero strategies. The Science-Based Targets initiative (SBTi) has emphasized its importance. And demand from corporations is rising rapidly. Because these technologies are often energy- and infrastructure-intensive, embodied emissions can represent a large share of their footprint.

The market cannot afford another crisis of confidence like past controversies in carbon markets. Fixing embodied emissions accounting now can help registries and buyers ensure eCDR meets its promise. This way, it won’t create more questionable credits.

Meta and Calyx Global’s report sends a clear warning: ignoring embodied emissions risks flooding the market with phantom credits. With eCDR purchases growing at record speed, there’s a need to ensure transparency and credibility. The path forward requires upfront accounting, registry alignment, and greater buyer diligence.

PowerBank Powers Ahead as New York Doubles Down on Community Solar

Disseminated on behalf of PowerBank Corporation.

New York State is moving quickly to increase its use of clean energy. The state has set strong new goals to add up to 7 gigawatts (GW) of solar, wind, and battery storage capacity by 2030. This is part of New York’s plan to have 70% of its electricity come from renewable sources by 2030 and to reach 100% zero-emission electricity by 2040.

These targets come from the Climate Leadership and Community Protection Act (CLCPA), a law that guides the state’s climate strategy.

A key part of the strategy is community solar. This type of solar project lets many people and businesses enjoy the benefits without installing panels on their own property. New York is a leader in community solar, with over 2 GW of capacity already online and many more projects in progress statewide.

How Community Solar Supports New York’s Clean Energy Plans

Community solar projects are designed to include groups that might struggle to install solar panels themselves. People who rent their homes, families with low incomes, and households without usable roofs can all join these projects.

Members get credits on their electricity bills based on the amount of solar power their share produces. This helps lower monthly energy costs and makes clean energy more affordable.

New York aims to increase community solar projects owned by public entities, like local governments. This will provide clean power that goes directly into the grid. These projects also provide bill credits to subscribers, allowing more people to benefit from renewable energy without incurring upfront costs.

The New York State Energy Research and Development Authority (NYSERDA) reports that New York accounted for one-third of all new community solar installations in the U.S. in 2023.

There are now more than 500 community solar projects either operating or being developed in the state. This rapid growth shows how community solar is already a key part of the state’s clean energy future.

New York renewable project map

Moreover, the U.S. community solar market is set to double. By 2029, Wood Mackenzie expects 7.3 GWdc of new installations in state programs. This will raise total capacity above 14 GWdc.

Growth is expected to average 5% each year until 2026. After that, it may drop to 11% annually until 2029 as mature markets become saturated.

community solar capacity forecast

Turning Landfills into Clean Energy: PowerBank’s Geddes Project

PowerBank Corporation, a company focused on clean energy, plays an active role in New York’s solar development. Recently, PowerBank completed a 3.79-megawatt (MW) community solar project on a capped landfill in the Town of Geddes. This solar farm now supplies clean electricity to the grid and produces enough energy to power roughly 450 homes each year.

The project benefits from the NY-Sun program, which is run by the NYSERDA. Since 2011, NY-Sun has delivered over $1.8 billion in solar incentives across the state. These incentives lower the cost of solar projects. This makes it easier for developers to build them and for communities to access.

Using closed landfills for solar energy is smart because these sites can be difficult to develop for other purposes. They are often large and no longer in use, making them good places for solar panels without taking away farmland or natural areas.

PowerBank’s Geddes project proves that solar systems can be built even on complex sites that need extra permits and engineering work. This solar farm is the largest PowerBank project in the U.S. so far.

The Company has plans to expand its portfolio in New York. This includes a 14.4-MW project in Skaneateles and a 5.4-MW project at Boyle Road that are under development.

PowerBank has developed more than 100 MW of renewable energy projects and has roughly 1 GW of projects in its development pipeline.

Powerbank project pipeline
Source: PowerBank Corporation

The Importance of Public-Private Partnerships

Achieving New York’s clean energy goals requires teamwork between public agencies and private companies. The state will own some solar projects. Meanwhile, private developers like PowerBank bring the skills, experience with permits, and funds needed to plan, build, and run solar farms.

Local governments and utilities help find great spots for solar power. This includes sites like landfills, brownfields, and other unused lands. Focusing on these spaces lets communities create clean energy. This approach avoids harming farmland or protected nature areas.

PowerBank’s success with landfill solar puts the company in a good position to take advantage of this approach as New York expands its clean energy programs. In addition to providing electricity, such projects can also support community benefits.

These may include offering solar subscriptions specifically to low-income households, working with local schools on clean energy education, and creating job training programs to prepare workers for employment in solar installation and maintenance.

Growth Opportunities and Broader Impact

New York’s climate law has sparked big investments in renewable energy. It also improves the electric grid to manage more clean power. The state now wants to increase the number of local solar projects. These allow communities and residents to directly benefit from clean energy and lower bills.

Solar projects on landfills were once rare, but they might soon become common. Many states are seeing the value of using such underutilized land for clean energy.

A 2024 report from the National Renewable Energy Laboratory (NREL) found that over 10,000 landfills in the United States could host solar panels. Altogether, these landfills could produce up to 60 GW of electricity — enough to power 10 million homes.

PowerBank’s 3.79-MW Geddes project is just a small piece of this nationwide potential, but it shows how landfill solar can work in practice. The company is well-positioned to partner with public agencies and communities on similar projects in the future.

PowerBank can support clean energy in other ways, too. It can help connect clean energy with education, community engagement, and workforce development while building solar farms.

Overall, New York is advancing rapidly toward its ambitious clean energy goals. Community solar and the smart use of unused land, like landfills, will continue to play a vital role. Private developers like PowerBank bring the experience and capital needed to transform policies into real projects.

These efforts will help New York cut greenhouse gas emissions. They will also lower energy costs for residents and boost local economies. As the state redefines what public clean energy can look like, Powerbank will play a key role in turning policy into real-world results.

Please refer to “Forward-Looking Statements” in the press release entitled “Bitcoin Purchases to be made by SolarBank Using Net Cash from Geddes Solar Power Project” for additional discussion of the assumptions and risk factors associated with the statements in this report.


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Are Nature-Based Solutions and Blockchain the Future of Carbon Credits?

The global carbon credit market has grown from a small environmental tool into one of the most powerful weapons against climate change. As businesses, governments, and investors push toward net-zero targets, carbon credits are helping balance emissions, finance green projects, and speed up the shift toward sustainability.

According to Astute Analytica, the market was valued at US$1,142.40 billion in 2024 and is projected to reach US$4,983.7 billion by 2035, growing at a compound annual growth rate (CAGR) of 18%.

This rise reflects the worldwide momentum toward carbon pricing, stronger climate pledges, and rapid growth in both voluntary and compliance carbon markets. In 2023 alone, more than 155 million carbon credits were retired, while 258 million credits were traded worldwide.

carbon credits market
Source: Astute Analytica

Why Carbon Credits Are Becoming Essential

Carbon credits allow companies to offset their emissions by funding projects that either remove carbon from the air or prevent new emissions. Examples include forest restoration, renewable energy installations, and methane capture. These credits are now a key component of climate strategies, as regulations are tightening and more companies are making net-zero commitments.

Major financial support is driving strong growth in the carbon credit market. In 2024, the U.S. Department of Energy committed $2.5 billion to boost carbon credit projects. In just the first quarter of 2025, investors put over $1 billion into carbon capture startups.

Furthermore, IEA predicts, globally, carbon capture capacity is set to exceed 100 million tonnes per year by 2025. However, to meet climate goals, it needs to multiply 100 times more by 2050.

iea carbon capture
Source: IEA

Corporate Net-Zero Pledges Fuel Demand

One of the biggest forces behind rising demand is corporate climate action. Companies are increasingly committing to net-zero targets, and carbon credits play a vital role in reaching those goals. In 2023, corporations bought and retired at least 161 million credits to meet their sustainability goals.

At present, the energy sector is the largest buyer, followed by financial services. Internal pricing systems are also taking off, with over 400 companies implementing an internal carbon price to guide investments in decarbonization.

Nature-Based Solutions Take the Lead

Among all categories, nature-based solutions have become the backbone of the carbon credit market. Projects like reforestation and afforestation are especially popular because they not only capture carbon but also support biodiversity and local communities.

Their credibility is reinforced by organizations such as SBTi and the Carbon Credit Quality Initiative (CCQI), which push for strict verification standards and transparency.

Technology-Driven Carbon Removals: The New Frontier

Technology-based carbon removal is emerging as a promising long-term investment. In early 2024, 6.7 million tons of CO2 removal had already been contracted through long-term agreements.

These methods, such as Direct Air Capture (DAC), come at a high price—around US $600 per ton in 2023—but corporations see them as essential for permanent carbon removal. For example, Frontier, backed by Stripe, Alphabet, and Meta, has pledged over US$1 billion for permanent carbon removal projects.

Tech giant Microsoft has also contracted more than 5 million tons of carbon removal. Projects like Climeworks’ Mammoth DAC plant, which went online in 2024 and captures 36,000 tons of CO2 annually, prove that this technology is commercially viable.

Aviation Regulations Drive Strong Demand

The aviation sector is another major growth driver. Under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), demand is expected to reach 64 to 158 million credits in 2025.

The aviation compliance market, known as CORSIA, is emerging as a major driver of carbon credit demand. Between 2024 and 2026, demand is expected to reach 101–148 million credits.

Regional Trends in Carbon Trading

The carbon credit market is global, but demand is concentrated in certain regions.

  • North America leads with 66.8 million credits retired in 2023, followed by Europe at 52.4 million credits.
  • Asia is quickly catching up, retiring 28.1 million credits in 2023, signaling growing participation.
  • Europe remains the largest market, driven by its European Union Emissions Trading System (EU ETS)—the most established compliance market worldwide.
  • Asia Pacific is seeing the fastest growth, especially in China, South Korea, and Australia, thanks to national trading schemes and a large industrial base.
  • Latin America and Africa are becoming key suppliers, with vast forests and renewable energy resources supporting offset projects.

carbon credits region

Key Players in the Carbon Credit Market

Several organizations are leading the development, verification, and trade of carbon credits.

  • 3Degrees, South Pole Group, Finite Carbon, Terrapass, Moss.earth – Project developers and brokers.
  • Verra, Gold Standard – Verification bodies ensuring credibility.
  • Xpansiv, Pachama – Digital platforms bringing transparency and data tracking.

These players are shaping the infrastructure needed to scale carbon credit markets globally.

Despite these, the carbon credit market still faces hurdles despite its rapid growth. Buyers demand proof that credits deliver real, lasting emission cuts, especially after greenwashing scandals. Prices swing sharply by project type and location, adding uncertainty.

Fragmented regulations across regions also slow global harmonization and limit smooth market expansion.

Blockchain and the Future of Carbon Credit Trading

One of the biggest opportunities for the carbon credit market lies in blockchain technology. By recording transactions in a secure, unchangeable way, blockchain can prevent fraud, improve transparency, and make trading more efficient. Combined with data analytics, it can track every detail of a transaction and ensure credibility.

This technology could also create new jobs in carbon accounting and analytics while making credits more attractive to investors.

Emerging Trends in Blockchain and Carbon Credit Tracking

An analysis showed, this year, over 60% of new carbon credit platforms adopted blockchain, particularly in agriculture and forestry. It was for enhancing transparency, speeding verification, and preventing double issuance. The future of blockchain in carbon credit tracking is shaping up as follows:

  • Regulatory Alignment: Global authorities are likely to adopt blockchain standards, ensuring uniformity and trust in carbon markets.
  • DAO-Driven Markets: Blockchain-based Decentralized Autonomous Organizations (DAOs) will enable community-led governance and rapid response to market and climate shifts.
  • Remote Verification: Satellites, drones, IoT, and AI will provide continuous remote monitoring, simplifying certification and cutting costs.
  • Micro-Credit Access: Fractional and micro-credit trading will let smallholders and local projects participate in global carbon finance.

Blockchain-powered, multi-tech ecosystems are set to make carbon credit tracking secure, transparent, and scalable, supporting the push toward net-zero.

U.S. DOE Backs 11 Advanced Nuclear Reactors Under Trump’s Fast-Track Pilot Program

The U.S. Department of Energy (DOE) has officially launched President Trump’s Nuclear Reactor Pilot Program, selecting 11 advanced reactor projects to move closer to deployment. The initiative aims to have at least three test reactors built, operational, and achieving criticality by July 4, 2026, using DOE’s streamlined authorization process.

Deputy Secretary of Energy James P. Danly noted,

“President Trump’s Reactor Pilot Program is a call to action. These companies aim to all safely achieve criticality by Independence Day, and DOE will do everything we can to support their efforts.”  

DOE Overhaul Strengthens U.S. Nuclear Leadership

The program reflects President Trump’s goal to restore U.S. leadership in nuclear power, ensuring a reliable, affordable, and diversified energy mix. It follows Executive Order 14301, signed in June 2025, which reformed DOE’s reactor testing procedures and opened the door for projects outside national laboratory sites to receive DOE authorization under the Atomic Energy Act.

The selected companies are:

  • Aalo Atomics Inc.

  • Antares Nuclear Inc.

  • Atomic Alchemy Inc.

  • Deep Fission Inc.

  • Last Energy Inc.

  • Oklo Inc.

  • Natura Resources LLC

  • Radiant Industries Inc.

  • Terrestrial Energy Inc.

  • Valar Atomics Inc.

Securing DOE authorization is expected to help these developers attract private investment and speed up their path toward commercial licensing.

Significantly, earlier in August, the DOE conditionally selected Oak Ridge, Tennessee-based Standard Nuclear as the first company to join its newly launched nuclear fuel line pilot program.

nuclear power U.S.
Source: NEI

Background and Program Scope

On May 23, 2025, President Trump issued four executive orders directing DOE to spearhead a U.S. nuclear revival. EO 14301, in particular, streamlined national lab testing rules and called for this pilot program to accelerate advanced reactor demonstrations.

The Reactor Pilot Program provides a direct DOE pathway for rapid testing and deployment. The goal is to achieve criticality for at least three new reactor designs, built outside of national laboratories, by mid-2026.

DOE began accepting applications on June 18, 2025, with the first-round closing July 21. Additional applications will be accepted on a rolling basis. According to the World Nuclear Association, the submissions showcase an exceptional range of innovation among U.S. reactor developers.

Each participating company will cover the costs of design, manufacturing, construction, operation, and eventual decommissioning of its test reactor. DOE will work closely with them to ensure safe, efficient progress toward commercialization.

U.S. Nuclear Power Snapshot

The United States is the world’s largest producer of nuclear power, accounting for approximately 30% of global nuclear electricity generation. Across the nation, 94 nuclear reactors power millions of homes and play a key role in supporting local economies.

The World Nuclear Association stated that in 2023, U.S. reactors produced 779 TWh, making up 19% of the nation’s total electricity output. In May 2025, the administration set a target to quadruple the country’s nuclear capacity to 400 GWe by 2050.

us nuclear
Source: WNA

Also, according to the International Energy Agency, the U.S. government aims to add 35 GW of new nuclear capacity by 2035, including plants already under construction, with a long-term vision to deploy 200 GW by 2050—tripling today’s capacity.

SMR Drive Gains Momentum

In March, the DOE reissued a $900 million funding call to advance small modular reactor deployment. This aligns with President Trump’s push to boost American energy and AI leadership.

In another move, the U.S. Air Force chose California-based Oklo Inc. to build a microreactor at Eielson Base in Alaska, which showed growing military trust in the technology. The project was part of a broader move toward SMRs and microreactors, delivering reliable, carbon-free power where wind and solar fell short.

SMR
Source: IEA

All in all, the DOE’s Advanced Reactor Demonstration Program complements this effort, providing over $3 billion in funding for SMRs and other cutting-edge designs.

UnitedHealth Group (UNH) Stock Soars After Berkshire’s $1.57B Stake: But Can It Win the Net-Zero Race?

UnitedHealth Group shares surged after Warren Buffett’s Berkshire Hathaway revealed a major investment stake. The move signals investor confidence in UnitedHealth’s market strength, diversified operations, and growth potential in the U.S. healthcare sector.

UnitedHealth operates through two primary businesses:

  • UnitedHealthcare, the insurance arm, and

  • Optum, which provides pharmacy, data, and healthcare delivery services.

Together, they serve millions of customers in the U.S. and internationally, making UnitedHealth one of the largest players in the industry.

Berkshire’s Billion-Dollar Prescription for UnitedHealth

Shares climbed over 12% after it became public that Berkshire Hathaway invested about $1.57 billion in UnitedHealth. The stake represents roughly 5 million shares.

UnitedHealth Group UNH stock price

The company faced a tough year. It saw a 46% drop in stock value, rising healthcare costs, a DOJ investigation, and leadership changes. But Berkshire’s move reassures investors. Many see it as validation of UnitedHealth’s long-term value and resilience.

While rising on financial news, attention is shifting to UnitedHealth’s environmental efforts—especially its net-zero plans and renewable energy projects.

The Healthcare Sector’s Race Toward Net Zero

The healthcare sector is increasingly committing to net-zero goals. It recognizes its responsibility as it accounts for an estimated 4–5% of global greenhouse gas emissions.

In the U.S., over 60 major hospitals and health systems aim to cut their emissions by half by 2030. More than 140 organizations have also signed the Health Sector Climate Pledge. Their goal is to achieve a 50% reduction by 2030 and reach net-zero by 2050.

Globally, over 3,000 healthcare institutions from various countries have joined the UN’s Race to Zero campaign. AstraZeneca is leading the way with its “Ambition Zero Carbon” program. So far, it has cut emissions by 68%. The goal is to reach 98% by 2026.

The UK’s National Health Service plans to achieve net-zero by 2045. They will focus on electrification, sustainable procurement, and improving energy efficiency.

In the UAE, PureHealth plans to reach net-zero by 2040 using advanced monitoring systems. These commitments show a stronger, united push to link healthcare with climate and sustainability goals.

Inside UnitedHealth’s Climate Cure Plan

UnitedHealth Group aims for net-zero emissions across the value chain by 2050. This target covers its direct operations (Scope 1 and 2) and seeks major cuts in indirect value chain emissions (Scope 3).

UnitedHealth Group net zero
Source: UnitedHealth Group Sustainability Report

This ambition is part of the health giant’s larger ESG framework. It connects environmental responsibility with long-term healthcare results and business strength.

In 2024, UnitedHealth reported about 1.1 million metric tons of CO₂e emissions. This is a 12% drop from its 2020 baseline in Scope 1 and Scope 2. The company has set clear climate goals:

  • Cut its direct emissions (Scope 1 and 2) by 60% by 2030.

  • Power 100% of operations with renewable energy by 2030.

  • Reach net-zero operations by 2035.

UnitedHealth emission reduction targets
Source: UnitedHealth Group Sustainability Report

The company’s major decarbonization approach includes the following levers:

Reducing Operational Emissions

UnitedHealth is moving its facilities to use renewable electricity. They aim to source 100% renewable energy for all global operations by 2030. In 2024, the company reported that over 70% of its electricity use was already renewable, up from about 60% in 2022.

UnitedHealth scope 1 and 2 emissions 2024
Source: UnitedHealth Group Sustainability Report

Energy Efficiency Measures

UnitedHealth is implementing energy management systems across its offices, data centers, and clinics. Upgrades such as LED lighting, better HVAC systems, and smart controls have cut energy use by around 15% since 2020.

Fleet and Transportation Decarbonization

The company is testing electric and hybrid vehicles in its delivery fleets. And it plans to switch to all low-emission vehicles by 2030.

Scope 3 Emissions Engagement

UnitedHealth knows that a large part of its emissions comes from its supply chain. So, it has begun working with suppliers to set science-based emissions targets. Top-tier suppliers must share their carbon footprints. They will also report progress on sustainability platforms.

Powering the Future: Renewable Energy Milestones

In 2024, UnitedHealth signed a 15-year virtual power purchase agreement (VPPA) with Ørsted’s Mockingbird Solar Center in Texas. This supplies 250 megawatts (MW)—enough power for about 54,000 U.S. homes each year through 2039.

The company invested $81 million in Texas’s Tres Bahias solar project. This secures clean energy and renewable energy credits (RECs). It will cover 70 megawatt-hours (MWh) each year for seven years, powering about 40,000 homes.

Together, these projects supply:

  • 89% of UnitedHealth’s U.S. electricity needs

  • 58% of its global electricity needs (based on a 2021 baseline)

Tackling the Supply Chain Emissions Puzzle

The company also links climate goals to its broader mission of improving health outcomes. UnitedHealth aims to reduce its environmental impact by cutting emissions from healthcare delivery. This includes energy-intensive medical equipment and facility operations. They want to keep care quality high while making these changes.

Scope 3 emissions remain the largest challenge, representing more than 90% of the company’s carbon footprint.

UNitedHealth scope 3 emissions 2024
Source: Source: UnitedHealth Group Sustainability Report

UnitedHealth also invests in carbon removal and offset projects to address hard-to-abate emissions. These include RECs and verified carbon credits. These projects help improve air quality and community health, matching our healthcare mission.

While offsets are a small part of the strategy, UnitedHealth sees them as a short-term tool while transitioning to low-carbon operations. In 2024, UnitedHealth used 8,636 MTCO2e of carbon credits to negate its Scope 3 emissions.

UnitedHealth’s climate plan emphasizes:

  • Sustainable procurement

  • More telehealth use, cutting down travel for patients and staff

  • Partnerships with providers who embrace greener practices

UnitedHealth wants to lead in healthcare and be a good corporate citizen. By focusing on environmental performance, it aims to tackle climate-related risks.

Other ESG and Sustainability Initiatives

UnitedHealth’s ESG strategy goes beyond emissions. It focuses on expanding access to care, promoting health equity, and supporting community health programs.

The United Health Foundation has pledged over $100 million each year. This funding aims to address social factors that affect health, like food insecurity, stable housing, and access to preventive care.

UnitedHealth is also committed to environmental stewardship. They work with industry partners to promote sustainable healthcare. This includes cutting down on single-use plastics in medical settings. They also look for lower-carbon options for medical supplies.

Healthy Returns—For Investors and the Planet

UnitedHealth appeals to institutional investors like Warren Buffett’s Berkshire Hathaway. Its strong financial performance, growing Optum segment, and active ESG commitments all contribute to this attractiveness.

Analysts say that adding sustainability to healthcare can boost efficiency, cut costs, and meet rising regulatory and customer demands.

As the sector faces increasing scrutiny over its environmental impact, UnitedHealth’s net-zero goals and progress tracking place it ahead of many industry peers. If the company meets its 2035 goals and stays profitable, it could lead in ESG for healthcare.

Overall, UnitedHealth’s stock rally, sparked by Berkshire Hathaway’s stake, comes alongside deepening ESG commitments—especially in clean energy and net-zero transition. Its renewable energy projects, emission cuts, and sustainability leadership position the company to thrive financially and environmentally.