Adani Pledges $5 Billion for Google’s AI Data Center in India

Jennifer L
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Adani Pledges $5 Billion for Google’s AI Data Center in India

India is taking a major step toward becoming a global hub for digital infrastructure. The Adani Group will invest up to US$5 billion in Google’s new AI data center project in India. This investment comes through their joint venture, AdaniConneX. It also shows how fast India is growing its data center capacity. This growth supports cloud computing, AI, and the digital services that millions use daily.

The new campus will be in Visakhapatnam, Andhra Pradesh, with the first phase aiming to deliver about 1 gigawatt (GW) of power. This makes it one of the largest data center projects in India so far.

The development is not only about servers and storage. It also involves a big investment in clean energy, subsea cables, and infrastructure. This supports the high electricity and cooling needs of AI workloads. These facilities are larger than typical data centers and are also much more complex. They need to manage huge amounts of computation. At the same time, they must stay efficient and reliable.

Why India’s Data Center Market Is Exploding

India’s data center industry has grown steadily for the past decade. Recently, this growth has sped up even more.

  • As of April 2025, total data center capacity across India’s top markets reached 1,263 megawatts (MW). Analysts predict that by 2030, capacity could reach 5,000 MW (4.5 GW) if investment trends continue, quadrupling the current size.

India data center capacity current vs plannedIndia data center capacity current vs planned

The country has drawn about US$15 billion in investments from 2020 to 2025. It expects another US$20–25 billion over the next five years.

Several trends explain this rapid growth. More people and businesses are using cloud computing, storing data online, streaming video content, and deploying AI-based tools.

Government initiatives, data-localization rules, and infrastructure growth have made India a great place for large-scale data centers. Technologies like AI, machine learning, IoT, and 5G need strong computing power and fast networks. This drives the demand for solid infrastructure.

Rising demand, supportive policies, and lower costs have made India appealing. Adani, Google, and others are making big investments. This shows they believe the country will grow its data center ecosystem over the next ten years.

What Makes the Adani–Google Project Significant

The collaboration between AdaniConneX and Google stands out for several reasons. The project is large. A 1 GW data center campus is one of the biggest in the country. This shows India’s ability to handle major AI workloads.

The plan focuses on sustainable energy and infrastructure. It includes renewable power, high-capacity transmission lines, and energy storage systems. These elements are key to powering energy-heavy AI computing while reducing environmental impact.

Gautam Adani, chairman of the Adani Group, said:

“The Adani Group is proud to partner with Google on this historic project that will define the future of India’s digital landscape. This is more than just an investment in infrastructure.”

This initiative is also likely to stimulate the local economy. Large data center projects require support services, ranging from construction and technical work to energy production and telecommunications. A major tech hub can create thousands of jobs. It also attracts more companies, building a cluster of innovation and digital skills.

Some of the benefits include:

  • Creation of technical and construction jobs, along with supporting roles in energy and networking.
  • Development of renewable energy and battery storage infrastructure to support reliable operations.
  • Attraction of other tech companies and startups seeking access to AI-ready computing facilities.

By building this kind of ecosystem, India is moving from being a consumer of technology to becoming a provider of global digital infrastructure.

India’s data center landscape is dominated by a mix of global and local operators. According to S&P Global, CtrlS, Nxtra (Bharti Airtel), NTT, and AdaniConneX are among the largest players by IT-load capacity.

Largest datacenter operators in India
Sources: S&P Global Market Intelligence 451 Research; S&P Global Commodity Insights. © 2025 S&P Global.

These companies excel at creating hyperscale and enterprise-grade facilities. They often exceed tens of megawatts for each campus. Their investments boost total capacity and promote advanced technologies like AI, cloud services, and edge computing. This helps India become a competitive hub for digital infrastructure.

Looking Ahead: India as a Global AI Backbone

If current plans and forecasts are realized, India’s data center landscape in 2030 could look very different from today. 

S&P Global estimates that data center electricity consumption was about 13 TWh by end‑2024. That’s roughly 0.8% of India’s total electricity demand. But with the projected expansion, electricity demand from data centers could rise nearly fivefold — to about 57 TWh by 2030. This means data centers could account for around 2.6% of the country’s total electricity demand by 2030.

Datacenter growth will drive power demand from 2024 to 2030

This expansion underscores why investments like the Adani–Google AI campus, with its 1 GW scale and renewable energy focus, are critical for meeting future demand.

The S&P report further notes that most data centers currently use grid electricity, much of which comes from coal. However, there is potential to meet future demand with renewable energy.

S&P says that India will need “15–30 GW of additional renewable capacity” in the next five years to meet data center demand. They think this is doable since India has a lot of untapped renewable resources.

As infrastructure expands, India may become a hub not only for domestic AI and cloud workloads but also for international clients. This includes large data centers that can support big AI models and cloud computing for businesses.

The availability of local high-performance computing could encourage startups, research institutions, and multinational companies to base operations in India, rather than relying on overseas servers.

Global Context: Data Center Growth and Regional Trends

India’s growth fits within a broader global trend. Worldwide, demand for data centers continues to rise, driven by cloud services, AI, machine learning, and IoT. Hyperscale data centers and colocation facilities are growing fast. This trend is especially strong in North America, Europe, and the Asia-Pacific region.

North America leads with its strong infrastructure and big hyperscale operators. However, the Asia-Pacific is the fastest-growing region now. Countries in this region, including India, are building capacity quickly to keep up with rising demand.

By 2030, the Asia-Pacific region might match North America in influence and infrastructure. This shift could change where AI-ready data centers are located globally.

Partnerships That Shape the Future of Computing

The Adani-ConneX and Google partnership marks a turning point for India. The project builds one of the largest AI-ready data center campuses in the country. This shows a shift from just using digital services to becoming a global infrastructure provider.

This transformation will affect more than technology companies. It will create jobs, stimulate renewable energy development, strengthen local economies, and encourage innovation in AI and computing. India is positioning itself to be not only a home for digital users but a builder of the technology that powers the world.

A Recap of the Voluntary Carbon Market: Quality Over Quantity

Jennifer L
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A Recap of the Voluntary Carbon Market: Quality Over Quantity

The voluntary carbon credit market (VCM) has undergone notable changes from 2021 to 2024, according to the latest Ecosystem Marketplace (EM) report. After a trading peak, total volumes dropped. Still, demand for high-quality, high-integrity carbon credits is strong. This is especially true for those providing real carbon removals and environmental co-benefits. This shift signals a maturing market focused more on impact than sheer volume.

A Price Jump in 2022, With Less Trading

After 2021, many companies renewed or launched carbon credit purchases. In 2022, the average price per carbon credit (each credit represents one ton of CO₂e removed or avoided) jumped. It rose from $4.04 per ton in 2021 to $7.37 per ton in 2022 — an increase of 82%. This was the highest price level seen in 15 years.

Despite the higher price, the total trade volume dropped from its 2021 peak. Trading slowed while buyers became more selective about what credits they bought.

Because the carbon price rose as volume dropped, the overall market value in 2022 stayed roughly stable, at just under $2 billion. This shows the market still had strong demand, but buyers favored fewer, pricier credits rather than many low‑cost ones.

2023: Market Contracts, But Credit Quality Matters

In 2023, the voluntary carbon market shrank sharply. The total reported transaction volume fell by 56% compared with 2022. At the same time, the total value of transactions dropped to $723 million.

The average credit price in 2023 settled at about $6.53 per ton CO₂e. Some project types suffered more than others.

Credits tied to forestry and land‑use (including REDD+ projects) — once among the most popular — saw a steep decline in trade, as buyers paused buying while waiting for clearer standards.

Yet, credits from projects with more robust environmental or social benefits — such as biodiversity, community support, or sustainable land use — remained in demand. The market began favouring “high‑integrity” credits or those with:

  • strong verification,
  • clear additionality (meaning the credit reflects real, extra emission reductions or removals), and
  • co‑benefits beyond carbon.

2024: Lower Trading, But Underlying Demand Persists

According to the 2025 update from Forest Trends / EM, the VCM continued contracting in 2024. Transaction volumes dropped by about 25 % compared to 2023. Yet, credit prices fell only modestly — about 5.5%.

carbon credits annual retirements 2024 by project type

More importantly, the number of credits “retired” (i.e., used to offset emissions) remained stable. In 2024, a little over 180 million tons of CO₂e carbon credits were retired under the largest certifying standards — roughly the same as in prior years.

This suggests that while fewer credits are being traded, companies and organizations continue to use offsets to meet climate goals. In other words, the trading market is smaller, but demand for real credits has not vanished.

The EM report also notes a growing price gap between different types of credits. Credits representing actual carbon removals (e.g., from reforestation or removal technologies) were, on average, 381% more expensive than credits representing only emissions avoidance.

  • This growing premium reflects buyer demand for greater assurance: they want credits that remove or permanently store carbon, not just avoid future emissions.

Voluntary carbon credit market; price, volume, value 2022-2024

SEE MORE: Base Carbon: A Rising Force in the Voluntary Carbon Market

Lessons from Two Decades: Market Evolution and Maturity

In another report by EM, the VCM has grown over almost 20 years. It started as a small, experimental area and has become a more organized and advanced system.

In the early 2000s, dubbed as “The Wild West,” companies joined in mainly due to social responsibility. They wanted to “walk the talk” on climate action. Dell, Google, and Nike were among the first to make significant purchases. Verification standards were limited, and concerns over additionality and real climate impact were common.

Over time, third-party standards and transparency measures strengthened. By 2008, 96% of credits were verified, showing that buyers increasingly valued quality and integrity. The market faced tough times, especially after the 2008 financial crisis. It also struggled after early platforms, like the Chicago Climate Exchange, closed down.

Voluntary markets kept going, even with slowdowns. They highlighted co-benefits such as:

  • Protecting biodiversity

  • Supporting community livelihoods

  • Promoting sustainable land use

Recent trends show the market split into two: technological removals, like direct air capture, and nature-based solutions. Buyers now want high-integrity carbon credits. They look for permanence, co-benefits, or both.

The market has grown up from its “wild west” days. Now, quality, transparency, and long-term impact drive value. It’s not just about trading volume anymore.

What Type of Credits Now Lead the Market?

Several shifts stand out in what kinds of credits buyers prefer. The top ones include:

  • Nature‑based and high‑integrity credits lead demand. Projects in forestry, land use, agriculture, and similar areas remained important, especially when they include social or environmental co‑benefits.

  • Carbon removal credits gain higher price premiums. Credits from activities that remove CO₂ or store carbon long‑term now cost far more than reduction‑only credits. This shows buyers prioritizing permanence and long‑term impact over cheaper, short‑term reductions.

carbon credit price per project type abatable

  • Lower‑integrity credits — especially older or riskier projects — lose traction. Credits from some legacy project types (like certain REDD+ or basic clean energy projects) saw steep declines. Some buyers paused new purchases while waiting for clearer integrity standards.

Thus, the market seems to be shifting away from volume-driven trading to a smaller, more focused market driven by quality, trust, and long-term climate impact.

What This Means for Carbon Credit Use and Climate Efforts

These recent trends offer important signals about how voluntary carbon credits are used today:

  1. Offsetting now leans toward actual carbon removals and nature‑positive projects. Buyers seem more interested in credits that make a tangible, lasting difference, not just claims of avoided emissions.

  2. High‑quality verification and co‑benefits encourage trust. Credits that deliver environmental or social benefits beyond carbon — like biodiversity protection or community livelihood support — appear more desirable.

  3. Strong demand remains even as trading shrinks. The fact that credit retirement stayed high in 2024 shows that many buyers still believe in carbon credits as part of their climate strategy. Trading markets may fluctuate, but the demand for real carbon offsets persists.

  4. Credit markets are maturing and re‑sorting. The voluntary market seems to be evolving: less speculative or volume‑based trading, more emphasis on integrity, quality, and long‑term value.

  5. Not all credits are equal. The wide price divergence between credit types underscores that buyers must look carefully at what a credit represents — removal or reduction, short-term or permanent, people‑friendly or just carbon‑focused.

The VCM Is in Transition — Not Collapse

From 2021 to 2024, the voluntary carbon credit market has undergone a major shift. After a peak in trading, volume dropped. Yet, demand did not disappear. Instead, buyers turned more toward high‑integrity, often more expensive credits that offer real carbon removals and co‑benefits beyond carbon alone.

Today’s market values quality over quantity. Market value has dropped from its peak. But companies and organizations continue to retire credits, showing that credits remain a tool for climate action.

The current state suggests the VCM is not collapsing. It is evolving, becoming more selective and — for those credits that meet higher standards — more valuable. For carbon‐credit markets to truly support climate goals, this shift toward integrity, transparency, and impact may be necessary.

Walmart and Kellanova Partner for Regenerative Rice Farming in Arkansas

Jennifer L
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Walmart and Kellanova Partner for Regenerative Rice Farming in Arkansas

Walmart, Kellanova, and Indigo Ag formed a new partnership to help rice farmers in Arkansas. Their goal is to make farming more profitable and better for the environment. These companies plan to support farmers by giving them training, digital tools, and extra payments for using regenerative agriculture methods.

Walmart has already worked with Indigo Ag to support cleaner and more sustainable farming. With Kellanova now joining, the program will reach more farmers and cover more rice-growing areas. The hope is that farmers can earn more money while using practices that protect their land for the future.

What Is Regenerative Agriculture?

Regenerative agriculture is a way of farming that helps restore soil health, conserve water, and support biodiversity. Instead of relying only on heavy chemical inputs, this approach works with nature to grow crops. Farmers might use methods like:

  • crop rotation,
  • careful water management, and
  • soil-restoring techniques.

This type of farming can help soil store nutrients and moisture better. That improves crop stability even when the weather gets tough. Over time, regenerative farms may need less fertilizer and water.

Globally, interest in regenerative agriculture is rising. The market for regenerative agriculture services — like soil testing, consulting, and sustainable farming tools — is growing quickly. A recent industry forecast estimates strong growth through 2030, $18.3 billion at 15-20% annual growth.

regenerative agriculture market
Source: Mordor Intelligence

This growth reflects a shift among food companies, farmers, and investors toward sustainable supply chains and climate-smart farming.

Arkansas Rice: A Big Deal for U.S. Farming

Arkansas leads U.S. rice production. In 2024, the state’s rice growers harvested about 1.432 million acres at a record yield of 7,640 pounds per acre. That production made up 49.3% of all U.S. rice output.

Rice is one of the top three crops in Arkansas in terms of money earned by farmers. It also supports thousands of jobs in rural communities.

But rice farming has become harder lately. Many Arkansas farmers face economic pressure. Input costs such as fertilizer, fuel, and irrigation have gone up.

At the same time, rice market prices have weakened. Some estimates show significant losses per acre for long-grain rice in such conditions. This economic squeeze makes support and innovation more urgent.

The New Partnership and What It Offers 

The companies involved — Walmart, Kellanova, and Indigo Ag — plan to help Arkansas rice farmers move to regenerative agriculture. Under this approach, farms receive guidance, tools, and extra pay when they follow certain sustainable practices.

Farmers joining the program get help with soil, water, and crop management. They also get payments (a “premium”) for rice grown under these sustainable practices. That extra pay helps cover the risks and costs of changing farming methods.

Moreover, sustainable farming practices are shown to lower the industry’s carbon emissions. The initiative is projected to reduce 35,500–8,000 metric tons based on acreage adoption.

regenerative agriculture and carbon reductions

Why the Timing Is Important

The new partnership comes at a time when Arkansas rice farmers face major economic challenges. Rising costs for fuel, fertilizer, and water make farming more expensive. Meanwhile, global rice prices remain under pressure because of large supplies from abroad. These conditions reduce profits and increase risks for farmers.

In that context, the support from Walmart, Kellanova, and Indigo Ag may help stabilize farm incomes. The premium payment offers an extra financial cushion while farmers transition to sustainable practices.

Also, a move to regenerative farming may increase long-term resilience. Healthier soil and better water management can help farms survive extreme weather — a growing concern in climate change.

Mikel Hancock, Senior Director, Strategic Initiatives, Sustainability at Walmart, stated:

“We are excited to see our regenerative agriculture goals becoming a reality. Expanding our partnership with Indigo Ag to include Kellanova reflects the scale of impact we can achieve by working together to strengthen supply chains, support farmers, and advance environmental stewardship.”

Walmart’s Sustainability and Environmental Initiatives

Walmart has been actively pursuing sustainability across its global operations. The company plans to achieve net-zero emissions by 2040. It has invested in renewable energy, energy-efficient stores, and low-emission logistics. This powers over 50% of its operations with renewable energy. It also aims to source 100% of its electricity from renewables in the U.S. and around the world when possible.

Walmart teams up with suppliers to cut greenhouse gas emissions in its supply chain. They focus on reducing Scope 3 emissions. One key effort is Project Gigaton, which aims for suppliers to lower CO₂e by one billion metric tons by 2030.

walmart emissions 2024
Source: Walmart

The company also promotes sustainable sourcing, including responsible agriculture, forestry, and seafood programs. The recent partnership with Kellanova and Indigo Ag is an example. These efforts show Walmart’s commitment to protecting the environment and ensuring a strong supply chain for the future.

Kellanova and Indigo Ag: Driving Sustainable Agriculture

Kellanova and Indigo Ag are both actively advancing sustainable practices across the food and agriculture sectors. The Pringles producer aims to lower its environmental impact. It does this by sourcing responsibly, reducing waste, and improving energy efficiency in its supply chain.

The company is focused on cutting greenhouse gas emissions. It also seeks to use more sustainable ingredients in its products, which aligns its work with larger climate goals.

Janelle Meyers, Chief Sustainability Officer, Kellanova, said:

“Our Kellanova Better Days™ Promise aims to advance sustainable practices and mitigate the impacts of climate change—but we know we can’t achieve our goals without our partners. By joining forces with Indigo Ag and Walmart, we’re creating agricultural resiliency that increases farmer revenues, advances climate-smart practices, and drives long-term, systemic impact across the value chain.”

Indigo Ag works directly with farmers to implement climate-smart and regenerative agriculture practices. The programs focus on improving soil health, saving water, and cutting carbon emissions. They also aim to boost farm profits.

The agritech firm uses digital tools and technical support to measure and verify environmental benefits. This gives farmers and buyers confidence in the supply chain’s sustainability.

indigoag carbon credits Carbon by Indigo
Source: Carbon by Indigo

Indigo partners with big retailers like Walmart, which helps scale initiatives for lower-carbon, resilient farming. These efforts benefit farmers, communities, and the environment.

Dean Banks, CEO of Indigo Ag, remarked:

“Together, we are building prosperity from the ground up: safeguarding water resources, improving soil health, reducing emissions, and supporting farmers.”

What This Means for the Future of Farming

This partnership among Walmart, Kellanova, and Indigo Ag shows a deeper shift in agriculture. Instead of just growing more crops, they aim to grow crops sustainably.

For farmers in Arkansas, it could mean a better future: a more stable income, healthier farms, and less risk. For companies, it offers a more dependable supply chain, while for communities and the environment, it offers a chance at long-term sustainability.

As demand grows for sustainable and responsibly grown food, regenerative agriculture may move from niche to mainstream. We could see growing interest, more investments, and wider adoption, not just for rice, but for other crops too.

This partnership could create a future where farming, business, and the environment work together, benefiting farmers, consumers, and the land.

Vale–Glencore Sudbury Venture Aims to Unlock 880,000-Ton Copper Volume for North America

Saptakee S
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Vale–Glencore Sudbury Venture Aims to Unlock 880,000-Ton Copper Volume for North America

Vale Base Metals (VBM) and Glencore Canada took a major step toward expanding North America’s copper supply. The two companies signed an agreement to study a new brownfield copper project in the Sudbury Basin, one of Canada’s most important mining regions. The plan focuses on using Glencore’s Nickel Rim South Mine infrastructure to safely and efficiently reach underground copper deposits owned by both companies.

Shaun Usmar, CEO of Vale Base Metals, further explained the project. He noted,

“Opportunities to partner and unlock synergistic value between neighbouring miners in the Sudbury Basin have been pursued for decades, without meaningful success. I’m grateful for the commitment shown by both Glencore and our VBM team for coming together to finally unlock this historic opportunity by demonstrating a new collaborative way of working.

“The contemplated partnership paves the way to extract valuable copper-rich orebodies for our respective operations that would otherwise be lost to both companies. The proposed 50-50 joint venture aims to leverage Glencore’s unused infrastructure to access orebodies on both our properties. This will benefit our respective companies, our local communities in and around Sudbury, and it has the potential to produce nearer-term critical minerals from this prolific brownfield project for the Canadian economy. My hope is it will be a catalyst to unearth further synergies in the region.”

A Project That Unlocks Untapped Resources

The agreement allows both companies to examine how they can mine their adjacent copper deposits through Glencore’s current mine shaft. Instead of building a new shaft from scratch, they intend to deepen and extend the existing one. This approach reduces environmental impacts, shortens construction timelines, and avoids the major capital expenses associated with greenfield developments.

The partners estimate the project will deliver about 880,000 metric tons of copper over 21 years. The total investment is expected to fall between $1.6 billion and $2 billion USD. Given the strong demand for copper and the tight supply, the timing of this plan aligns well with the current market.

At Glencore’s Capital Markets Day presentation, held on Wednesday, 3 December 2025, in the UK, CEO Gary Nagle commented:

“Since our last Capital Markets Day in 2022, we have made significant progress on de-risking our exceptional portfolio of copper projects. These projects are mostly brownfield and expected to be highly capital efficient. We have a clear pathway for our base copper business to exceed 1 million tonnes of annual production by the end of 2028, with a target to produce c. 1.6 million tonnes by 2035, which would make Glencore one of the largest copper producers in the world. We have already taken key steps on this journey, including the submission of our Argentinian RIGI applications in August and our decision to restart the Alumbrera copper/gold operation in Argentina which we are announcing today.”

COPPER DEMAND
Source: IEA

Sudbury’s Rich Mix of Critical Minerals

Since the Sudbury Basin contains a mix of valuable minerals, the project would also produce nickel, cobalt, platinum group metals (PGMs), gold, and other critical materials. These metals are important for batteries, renewable power systems, and global clean-energy supply chains.

The companies plan to begin detailed engineering work in 2026. This phase will include environmental assessments, community consultations, and technical design studies. A final investment decision is set for the first half of 2027.

If approved, the new operation would not only unlock ore that could have remained untouched but also support long-term planning for both companies’ Canadian mining portfolios.

Notably, Vale’s broad global network of operations gives it significant experience in complex underground mining. And that strengthens the Sudbury partnership.

Sustainable Mining Gains Ground Through Brownfield Strategy

The partners’ decision to build on existing infrastructure reduces the environmental footprint of the project. Brownfield developments generally require fewer land disturbances, lower water use, and smaller construction areas than brand-new mines. This approach fits well with growing expectations for sustainable mining practices in Canada and worldwide.

Economically, the project could create high-quality jobs in Sudbury and support local businesses. Because the region has a long history of mining, the community already has a strong workforce, training programs, and service ecosystem that can support new developments.

The initiative also supports Canada’s Critical Minerals Strategy, which aims to secure domestic supplies of materials needed for clean energy technologies. Copper, nickel, and cobalt are at the heart of that effort.

Canada and the U.S. Expand Their Copper Capacity

Copper is becoming even more important as renewable energy, electric vehicles, and power grid upgrades expand worldwide. The metal is also vital for semiconductor manufacturing and military equipment. Significantly, Canada already holds strong copper resources, especially in Ontario, and continues to grow as a major contributor to global supply.

Additionally, a more stable domestic supply reduces reliance on foreign mineral supply chains for both Canada and the U.S.

Meanwhile, the United States is also preparing for major growth. U.S. copper production is projected to reach 1,077 kilotonnes in 2025, an increase of nearly 2% from the previous year. By 2030, new large-scale projects could push the U.S. into the global top five copper-producing nations. By 2035, output may more than double to over 2 million tonnes per year.

copper output US

Copper Prices Stay Strong in 2025

As per Trading Economics, Copper prices rose above $5.20 per pound, reaching a four-month high. The increase followed a record peak on the London Metal Exchange due to lower output in Chile, planned Chinese smelter cuts, and a weaker U.S. dollar.

Since late August, copper has climbed about 13% on the LME amid supply shortages. Traders also boosted shipments to the U.S. to take advantage of high Comex prices, while uncertainty over future tariffs added extra market pressure.

Because of this price environment, the Vale-Glencore collaboration appears especially timely. High prices offer a strong economic case for unlocking new supply from brownfield sites like Sudbury and supporting long-term market stability.

copper prices
Source: Trading Economics

Unlocking Copper to Power a Cleaner Future

Overall, the planned Sudbury project reflects a shift in mining strategy as companies look for smarter, lower-impact ways to increase critical mineral supply. By using existing assets, Vale and Glencore can reach valuable copper deposits faster, reduce costs, and strengthen North America’s mineral independence.

As demand rises for clean energy technologies and electrification, projects like this will play a major role in supporting economic growth, energy security, and the global transition to a low-carbon future.

If the joint venture moves forward after the 2027 investment decision, the Vale-Glencore partnership could become one of the most important copper developments in Canada—helping power everything from EVs to renewable grids for years to come.

CDR Companies Challenge SBTi Draft—Say It Could Make Net-Zero ‘Impossible’

Saptakee S
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0
CDR Companies Challenge SBTi Draft—Say It Could Make Net-Zero ‘Impossible’

The carbon dioxide removal (CDR) industry has raised a strong red flag. As per reports, a new open letter, signed by 55 buyers and stakeholders across the permanent carbon removals value chain, calls on the Science Based Targets initiative (SBTi) to revise key parts of its draft Corporate Net-Zero Standard Version 2.0. The signatories warn that if the current language remains unchanged, it could slow or even prevent companies from reaching true net-zero.

This joint action, led by the Nordic Carbon Removal Association, follows SBTi’s decision to open a second public consultation on November 6. The consultation runs until December 12. As a result, companies, experts, and climate groups now have a short window to shape the final version of the world’s most influential private-sector net-zero framework.

CDR Stakeholders Say Draft Rules Create Uncertainty

The CDR industry believes the draft standard sends the wrong signal. They warn that the current wording creates confusion about whether permanent carbon removals can count toward neutralizing residual emissions. Without clarity, companies may struggle to finish their net-zero journey.

  • The concern centers on two parts of the draft: the rules on double counting and corresponding adjustments, and the additionality language in Annex E.

According to the signatories, these sections ignore the realities of permanent removal projects. Many projects rely on public funding. Many also fall under national climate targets. If SBTi does not allow companies to use removals that also appear in national inventories, corporate investment could collapse.

This uncertainty makes it harder for companies to plan ahead. It also raises costs. In some cases, it could make net-zero impossible. Therefore, the signees urge SBTi to revise the language and give companies confidence that high-quality removals remain valid tools for neutralization.

Permanent Removals Need Space to Grow

The letter argues that SBTi’s draft does not accurately reflect the challenges of scaling permanent removals. Today, only a few projects have reached the Final Investment Decision (FID) stage. Most needed is heavy government support. Private buyers often commit early to help these projects advance. However, these buyers will hesitate if SBTi casts doubt on future eligibility.

Climate scientists, including Johan Rockström, have stressed that the world must scale permanent CDR rapidly to stay on track for 1.5°C. Yet this scale-up depends on strong public-private partnerships. These partnerships often use co-funding models and a dual-ledger system that allows both companies and nations to count climate outcomes. This model already works for emission reductions. The CDR community argues it must also apply to removals.

Some critics worry that corporate involvement might weaken national ambition. The open letter rejects this concern for permanent removals. These removals are expensive and complex. When companies invest, they actually raise ambition.

Their involvement brings more projects, more learning, and more durable tonnes. It also frees governments to direct public funds to other climate needs. Therefore, the CDR sector believes co-funding strengthens, not weakens, climate action.

CDR market

SBTi Tries to Improve Clarity—But Falls Short on Removals

SBTi designed the updated draft to improve clarity and credibility. It asks companies to link near-term actions to long-term climate goals. It also expects companies to publish transition plans and maintain separate targets for Scope 1 and Scope 2 emissions. Moreover, SBTi aims to give companies more flexibility by recognizing that sectors and regions face different challenges. The draft introduces a recognition mechanism for early action on ongoing emissions. It also sets stronger expectations for transparency.

However, the CDR community argues that these improvements lose impact if the draft restricts permanent removals. Companies need clear rules. They also need confidence that investments in high-durability removals will help them meet net-zero targets. If SBTi creates barriers, companies may fall short even after making major decarbonization efforts.

Additionally, the open letter urges SBTi to acknowledge the importance of dual-ledger accounting. Allowing both nations and companies to count the same climate outcomes would boost demand and support faster growth. It would also create a stable market signal for investors. Without this flexibility, the permanent CDR sector could stall just as it begins to scale.

David Kennedy, Chief Executive Officer at the Science Based Targets initiative, said:

“Businesses are driving global decarbonization, and will be key to achieving our climate objectives. Taking science-based action both reduces emissions and manages transition risks, maintaining competitiveness and offering growth opportunities in a carbon-constrained world. By contributing to our public consultation stakeholders can help shape the future of corporate climate action and ensure the Standard helps companies to turn ambition into action, and action into impact.”

cdr purchases

What Comes Next for the Net-Zero Framework

The next steps will shape how thousands of companies plan their climate pathways. SBTi’s final standard will influence how businesses cut emissions, choose climate tools, and invest in removals. If SBTi responds to the concerns raised, the permanent removals industry could grow faster. Companies would also gain more confidence in the tools they need to balance unavoidable emissions.

But if SBTi keeps the restrictive language, many firms may face shrinking options for meeting net-zero. This could slow climate progress at a critical time.

Both sides agree on a key reality: emissions reductions alone are not enough. Permanent carbon removals must play a role. The question now is how to build a standard that protects scientific credibility while still supporting the growth of essential climate technologies.

Lithium’s Surge: Why Global X Lithium & Battery Tech ETF (LIT) Is Outperforming NVIDIA Stock in 2025

Saptakee S
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0
Lithium’s Surge: Why Global X Lithium & Battery Tech ETF (LIT) Is Outperforming NVIDIA Stock in 2025

Disseminated on behalf of Surge Battery Metals Inc.

In an unprecedented turn for 2025, the Global X Lithium Battery Tech ETF (LIT) has surged ahead as a standout performer, eclipsing even traditional tech giants like NVIDIA. With lithium increasingly seen as a foundational material driving the clean energy transition, LIT’s year-to-date returns have soared, outpacing NVIDIA and spotlighting the essential role of lithium in global decarbonization efforts. Lithium’s real-world impact is reshaping transportation and energy infrastructure, establishing it as the backbone of electric vehicles (EVs), renewable energy storage, and advanced battery technologies.

Investor priorities are changing. Policy makers, corporate leaders, and major funds are focusing on domestic lithium production, battery innovation, and secure critical mineral supply chains in response to skyrocketing global demand. Electric vehicle adoption and grid-scale energy storage set new records, pushing the lithium value chain into the spotlight and attracting increasing capital from those eyeing long-term sustainability and tech-driven value.

As of December 03, 2025, the Global X Lithium & Battery Tech ETF (LIT) traded near $63, showing +57.23% growth in lithium and battery supply chain sectors since the start of 2025. Nvidia (NVDA) stock traded at around $180, up about 30% year-to-date. This gap reflects rising confidence in lithium as a key material for our energy shift. Unlike tech stocks that focus on digital trends, lithium drives real changes in transport and energy. Investors see lithium as vital for a low-carbon economy.

Performance Comparison: LIT ETF Vs NVDA Stock vs LIT ETF

NVDA stock and LIT ETF performance comparison

LIT covers a wide part of the lithium value chain. It includes major miners like Ganfeng Lithium Group, Albemarle, and Lithium America, battery makers like Tesla, CATL, etc., and firms focused on advanced energy storage. Even though lithium demand has soared, lithium ETFs skyrocketed after the White House revealed plans to take a stake in Lithium Americas.

However, the gap between LIT and NVIDIA shows a growing awareness of lithium’s role in clean energy. NVIDIA symbolizes digital progress, while LIT reflects the energy shift driving electrification and clean tech.

Next, we’ll explore LIT’s growth drivers, trends in lithium supply and demand, and investor interest in lithium stocks.

LIT ETF’s Unique Exposure

Global X Lithium & Battery Tech ETF (LIT) tracks the entire lithium value chain. It includes companies in mining, refining, chemical processing, battery cell production, and advanced battery technology. This ETF provides diversified exposure to a fast-growing market, unlike investing in a single company. This variety allows LIT to benefit from both raw material demand and battery innovation, positioning it well for long-term growth.

The fund’s structure offers stability. Individual stocks can be volatile due to earnings reports or regulations. By investing across the supply chain, LIT reduces risk and taps into the electrification trend. This mix of breadth and depth has helped LIT outperform traditional tech leaders in 2025.

lithium demand supply price

A Boom in Lithium Demand

The main driver of LIT’s success is rising lithium demand. Lithium powers lithium-ion batteries found in everything from EVs to home energy systems and grid storage.

IEA says that global EV sales in 2025 are set to reach around 20 million units, breaking records. Thus, the EV boom is reshaping the lithium market, with electric cars now making up nearly 90% of lithium use worldwide.

EV sales
Source: Katusa Research

This demand surge isn’t just from more vehicles. Battery packs are growing larger for longer ranges and faster charging. Each new EV requires more lithium than older models. Additionally, the rapid growth of stationary energy storage boosts lithium use further.

Grid-scale battery installations exceeded 90 gigawatt-hours (GWh) in 2024, with annual growth rates above 30% expected in the coming years. These batteries store energy from renewable sources and release it during peak demand, making lithium crucial for a renewable future.

The combination of EV adoption and grid storage creates a strong, multi-layered growth story for lithium. Investors increasingly view lithium as a key part of global clean energy infrastructure.

Lithium Supply Dynamics and Technological Innovation

While demand is rising, lithium supply struggles to keep pace. Mining and refining require significant capital, long permits, and strict environmental compliance. Many major lithium deposits are concentrated in specific areas, adding geopolitical risks.

lithium economics

  • These supply constraints have kept lithium prices high, with battery-grade lithium carbonate expected to be around $9,250 in 2025.

Emerging technologies are reshaping the supply landscape. Direct Lithium Extraction (DLE) is gaining attention for its efficiency and sustainability. DLE extracts lithium from brine or geothermal sources using less water and causing less land disturbance. Companies using DLE can produce a higher-purity product faster than with traditional methods. For ESG-focused investors, DLE represents a greener way to boost production.

Companies in LIT’s portfolio are adopting these technologies and securing strategic supplies. Lithium Americas, a major holding, recently acquired a 59% stake in the Thacker Pass lithium project in the U.S. through a government initiative. This highlights the importance of domestic lithium sources amid global supply uncertainties.

lithium carbonate prices

Market Sentiment and Investment Trends

Investor enthusiasm for lithium stocks and ETFs has surged with global clean energy efforts. Governments are promoting domestic lithium production, supporting EV adoption, and funding battery manufacturing. The U.S., European Union, and China have ambitious plans to secure critical battery materials.

Analysts at Albemarle and other top lithium producers predict that global lithium demand could more than double by 2030, reaching up to 3.7 million tonnes of lithium carbonate equivalent (LCE).

Lithium demand forecast
Source: Katusa Research

This long-term outlook attracts both retail and institutional investors wanting to join the clean energy transition. LIT offers a liquid, diversified way to tap into this growth without relying on a single company.

The rising focus on lithium aligns with broader trends in sustainable investing. Markets favor assets linked to real decarbonization strategies and infrastructure projects. Lithium, as a backbone for EVs and energy storage, fits this narrative well.

Comparing LIT and NVIDIA (NVDA Stock) Performance in 2025

NVDA stock remains a standout performer, driven by its leadership in AI chips, data centers, and autonomous vehicle tech. Analysts see growth potential and have set high price targets for 2025. However, NVIDIA faces challenges like competition from new chipmakers and pricing pressures. While the stock is strong, its growth depends on digital and AI trends rather than energy transformation.

LIT, in contrast, thrives on real shifts in energy and transport systems. While NVIDIA represents the digital revolution, LIT embodies the energy revolution. Lithium’s key role in EVs and storage gives the ETF unique exposure to a megatrend likely to continue. This explains why LIT has outperformed major tech leaders in 2025.

Risks and Challenges

Investing in lithium comes with risks, even with strong prospects. Supply chain delays, regulatory issues, and changes in battery technology can affect demand. These factors may reduce lithium’s role in batteries. Companies in LIT require continuous capital investment to grow, which can impact profits. Price swings in lithium markets can also threaten stability for cautious investors.

Still, strong growth in EV adoption and energy storage, along with supportive policies and tech advances, provides a solid foundation for continued lithium demand.

Lithium as a Strategic Investment Theme

LIT ETF’s 2025 jump shows a broader investment shift. Lithium has evolved from a niche material to a vital part of the clean energy economy. In 2025, LIT is expected to outperform top tech stocks, making it a strong investment opportunity today.

Apart from ETFs, another way to gain exposure to the lithium theme is through Surge Battery Metals (TSXV: NILI | OTCQX: NILIF). The company’s flagship asset, the Nevada North Lithium Project (NNLP) in Elko County, Nevada, hosts the highest-grade lithium clay resource currently reported in the United States.

NNLP surge battery metals
Source: Surge Battery Metals

According to its latest resource estimates, NNLP holds an Inferred Resource of 11.24 million tonnes of lithium carbonate equivalent (LCE) grading 3,010 ppm Li at a 1,250 ppm Li cut-off, according to its latest mineral resource estimate.

This high-grade claystone deposit positions NNLP as a potential future source of domestic lithium for electric vehicles and energy storage, as the Company now advances the project toward Pre-Feasibility, including ongoing economic studies, technical work, and permitting.

This grade makes NNLP the highest-grade lithium clay resource currently reported in the United States.

RELATED:

  1. Nevada Lithium Hub: Why Surge Battery Metals Holds the Key to U.S. EV Independence
  2. America’s Lithium Gap: How Surge Battery Metals Could Bridge the Supply Shortfall

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. Surge Battery Metals Inc. (“Company”) made a one-time payment of $50,000 to provide marketing services for a term of two months. 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 of the companies mentioned.

This article is informational only and is solely for use by prospective investors in determining whether to seek additional information. It 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 arbitrarily chosen time periods and are no indication whatsoever of future stock prices for that issuer and are of no predictive value.

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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 them.


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,” “plan,” and similar expressions suggesting future outcomes or events. Forward-looking information is based on current expectations of management; however, it is subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those anticipated.

These factors include, without limitation, statements relating to the Company’s exploration and development plans, the potential of its mineral projects, financing activities, regulatory approvals, market conditions, and future objectives. Forward-looking information involves numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking information. These risks and uncertainties include, among other things, market volatility, the state of financial markets for the Company’s securities, fluctuations in commodity prices, operational challenges, and changes in business plans.

Forward-looking information is based on several key expectations and assumptions, including, without limitation, that the Company will continue with its stated business objectives and will be able to raise additional capital as required. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially, 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. Accordingly, readers should not place undue reliance on forward-looking information. Additional information about risks and uncertainties is contained in the Company’s management’s discussion and analysis and 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.

Tesla at a Crossroads: Sales Slump Meets Regulatory Headwinds But Stock Rises, Why?

Jennifer L
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Tesla at a Crossroads: Sales Slump Meets Regulatory Headwinds But Stock Rises, Why?

Tesla, long seen as the flagship of electric vehicles (EVs), is now facing two related challenges at once. On one side is the weakening of sales in the U.S. market. On the other is the rising concern that regulatory changes abroad could affect EV demand. These pressures could challenge Tesla’s resilience and strategy. They show that even industry leaders face changing market forces and policy uncertainties.

U.S. Sales Hit a New Low — But Q3 Shows Strength

Tesla’s U.S. deliveries fell to 39,800 vehicles in November 2025, marking the lowest monthly total for the company so far this year. This slump follows a high point in August 2025, when Tesla sold about 55,500 vehicles in a single month.

Over the first eight months of 2025, sales totaled 337,079 vehicles, roughly 24% fewer than in the same period in 2024. This drop signals that consumer demand is softening, despite earlier rebounds.

However, looking at Tesla’s global figures provides a more complete picture. In Q3 2025, the company delivered 497,099 vehicles worldwide, a 7.4% increase compared with the same quarter in 2024. This growth was partly driven by U.S. tax credit expirations that encouraged buyers to act before incentives ended.

  • Tesla earned over $28 billion in global revenue in Q3. This is a 12% increase from last year. It shows that the company is financially strong, even with changes in regional sales.

Despite these positive global trends, U.S. inventory levels are a concern. As of early December 2025, about 10,799 Tesla vehicles were waiting to be sold. While this is higher than the low points earlier in the year, it signals a potential oversupply risk.

If demand does not pick up, Tesla may need to adjust production or introduce new incentives to prevent inventory from piling up.

Competition is also intensifying. U.S. EV market share remains around 10%, but Tesla is facing stronger challenges from Ford and GM hybrids. These competitors have been steadily increasing their presence in the EV and hybrid segments. This could limit Tesla’s growth in its biggest market.

Tesla Quarterly U.S. EV Sales (Units)

The U.S. case shows that even a leading EV manufacturer must constantly adapt to market dynamics and competitor strategies.

Europe’s Regulatory Headwinds: Policy Pressure Mounts

Tesla’s challenges are not confined to the U.S. In Europe, the situation is uneven, with regulatory uncertainty adding pressure.

Tesla’s European sales continued to struggle in November 2025. Vehicle registrations dropped 58% in France to 1,593 units and 49% in Denmark to 534 units compared to the same month a year earlier.

In Denmark, the Model Y fell 74% to 206 units, while the Model 3 rose 29% to 326 units, making it the country’s eighth best-selling vehicle. These figures reflect growing competition in Europe and a challenging market environment for Tesla.

In the United Kingdom, Tesla has warned policymakers about potential changes to the Zero Emission Vehicle (ZEV) mandate, as reported by The Guardian.

The proposal under review aims for 28% EV sales by 2027, but it is facing delays due to industry pushback. Tesla says that weakening these rules might slow EV adoption. It could make battery-electric vehicles less appealing and hurt climate goals. The company stated that changes will: 

“suppress battery electric vehicle (BEV) supply, carry a significant emissions impact and risk the UK missing its carbon budgets.”

Germany reveals a similar trend. Tesla’s sales in Germany have declined sharply. Year-to-date sales in 2025 totaled only 17,358 vehicles. That’s nearly half of what the company sold in the same period last year. November 2025 alone saw a 20.2% drop compared with November 2024.

Meanwhile, the broader German EV market has grown steadily, and competitors such as BYD have gained market share. BYD’s cheaper models are grabbing consumer attention. This shows that Tesla faces not just regulatory issues but also growing competition in Europe.

This gap between markets highlights an important point for Tesla. Regulatory signals and local market conditions now greatly influence performance.

Europe used to be a strong growth area for Tesla, but now demand is slowing. Competitors are taking advantage of changes in pricing and policy. Tesla must adapt its strategy to address these regional differences while maintaining global competitiveness.

Still, the chart below shows that the Tesla Model Y is the top-selling EV in the region from January to October 2025. 

top selling EVs in Europe
Source: CleanTechnica

China Shines: Tesla’s Bright Spot

China remains a strong market for the EV maker, showing resilience despite weaknesses in other regions. In November 2025, Tesla’s China-made EV sales rose 10% year-over-year to 86,700 units. This growth contrasts with BYD, whose new energy vehicle (NEV) sales fell 5.3% to 480,186 units.

Tesla’s strong performance in China comes from high demand for cars made at its Shanghai factory. The launch of new model variants has also helped.

Global EV trends also highlight China’s dominant position. More than half of all new cars sold in China are now electric. In contrast, the U.S. lags at 10%, and Europe is showing signs of cooling.

This imbalance emphasizes the importance of China in Tesla’s growth strategy. Success in the Chinese market is critical not only for revenue but also for sustaining global market momentum.

Strategic Moves: Energy Storage and Diversification

Tesla is taking steps to mitigate these pressures. One important area is energy storage. In Q3 2025, Tesla deployed 12.5 GWh of storage capacity, including both commercial and home battery systems. These products provide a buffer against volatility in auto sales, allowing Tesla to diversify revenue sources and strengthen its long-term resilience.

Notably, investors recently sent Tesla’s stock up after reports that the U.S. government may soon push a major expansion of the robotics industry. Shares rose about 1%. This was due to growing hope that support for robotics and automation could help Tesla beyond just car sales.

Tesla stock

This matters because the company is positioning itself as more than a carmaker. It’s also a tech-driven firm focused on robotics, artificial intelligence, and autonomous driving systems. The stock rise shows that investors are hopeful. They believe investments in robots, software, and self-driving services can help Tesla offset weak demand for traditional cars.

Implications for EV Adoption and Climate Goals

Tesla’s challenges are part of a larger story for the EV market. Weak sales in major regions could slow the transition to low-emission transport. Regulatory rollbacks, like the UK’s possible easing of the ZEV mandate, could lead automakers to keep selling petrol and diesel cars.

Investors may become more cautious, reducing support for EV infrastructure, production, and innovation if market signals remain unpredictable. Policymakers, automakers, and consumers must remain aligned to sustain momentum in electrification. Without steady incentives, clear rules, and ongoing consumer adoption, the move to EVs might slow down. This can happen even if the technology and business case are solid.

Navigating an Uncertain Road Ahead

The EV giant is facing a crossroads. U.S. sales are slowing, Europe is showing uneven performance, and regulatory uncertainty could affect future adoption.

Whether Tesla recovers — or whether the EV transition slows — depends less on product features or brand name and more on broader economic conditions, government policy, and consumer confidence. The company’s ability to adapt its strategy, balance production, and diversify revenue streams will be critical in the coming months.

For the company and the EV industry as a whole, this is a defining moment: how Tesla responds could shape the future of electric mobility globally.

China Now Controls 69% of the Global EV Battery Market as CATL and BYD Surge in 2025

Saptakee S
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China Now Controls 69% of the Global EV Battery Market as CATL and BYD Surge in 2025

China strengthened its dominance in the global electric vehicle battery landscape in 2025. Fresh data from SNE Research showed that six major Chinese battery manufacturers controlled 68.9% of all EV battery installations worldwide from January to October 2025. Their combined installed capacity hit 644.4 GWh during the period, almost three percentage points higher than last year. This rise confirmed China’s firm leadership in a market that continues to grow quickly despite uneven EV sales trends across regions.

During the same period, worldwide EV battery installations reached 933.5 GWh, marking a 35.2% year-over-year increase compared to 690.7 GWh in 2024. The surge was driven by stronger adoption of battery-powered vehicles across categories, including pure EVs, plug-in hybrids, and hybrid models. Even with policy uncertainty in Europe and inflationary pressure in the U.S., global demand for high-quality battery packs remained strong.

global battery ev trends
Source: SNE Research

CATL Extends Its Lead While BYD Accelerates Overseas

CATL maintained its dominant position and continued to widen the gap with its competitors. Between January and October, CATL installed 355.2 GWh of batteries, claiming 38.1% of the global market. This share was slightly higher than its 37.6% share a year ago. The company posted a 36.6% annual increase in installed capacity, supported by broad adoption across both domestic and international automakers.

The battery giant powered Chinese brands like Zeekr, AITO, Li Auto, and Xiaomi, while also serving global giants such as Tesla, BMW, Mercedes-Benz, and Volkswagen. This combination gave CATL unmatched scale and brand presence across segments.

Meanwhile, BYD ranked second with 157.9 GWh installed and a 16.9% market share. Its performance reflected both strong Chinese sales and a sharp rise in overseas momentum.

In November alone, BYD sold more than 130,000 vehicles outside China, nearly four times higher than the previous year. This rapid expansion helped push BYD’s battery usage in Europe to 11.2 GWh in the January–October period, a remarkable 216% year-over-year increase.

Its batteries power both its pure electric and plug-in hybrid models, and its vertical integration keeps production costs low and efficiency high.

Other Chinese players also solidified their positions in the top tier:

  • CALB: 44.3 GWh (4.7%)
  • Gotion High-Tech: 38.7 GWh (4.1%)
  • EVE Energy: 24.6 GWh (2.6%)
  • SVOLT: 23.7 GWh (2.5%)

Collectively, China’s six leading battery suppliers now shape global supply, technology standards, and pricing power, creating challenges for competitors in Korea, Japan, and Europe.

china ev
Source: SNE Research

Korean and Japanese Companies Lose Ground

While Chinese companies gained momentum, South Korean and Japanese suppliers faced growing pressure. Their combined market share fell as Chinese manufacturers expanded scale, lowered costs, and strengthened ties with global automakers.

catl byd china ev
Source: SNE Research
  • LG Energy Solution Holds On but Faces Tesla Slowdown

LG Energy Solution stayed in third place globally with 86.5 GWh and a 9.3% market share. Its installed battery volume grew 12.8% from last year, but market share fell from 11.1%. The main reason was slower Tesla sales for models using LG batteries. Tesla’s move toward LFP batteries and using multiple suppliers cut LG’s Tesla-related battery usage by 14.5%.

However, it still gained from strong global sales of Kia’s EV3 and steady demand for GM’s Ultium-based models like the Chevrolet Equinox, Blazer, and Silverado EV in North America. These helped, but not enough to fully protect LG’s global share.

  • SK On Sees Mixed Results

SK On installed 37.7 GWh, capturing 4% of the global market. Its batteries power Hyundai models like the Ioniq 5 and EV6, and Volkswagen’s ID.4 and ID.7. Sales of Ford’s F-150 Lightning were slower, but demand for the Explorer EV helped SK On. Overall, Ford-related battery usage rose 18.1%.

  • Samsung SDI Faces Rivian Shift

Samsung SDI posted 25.1 GWh and a 2.7% market share, down from last year. Rivian switched some models to Gotion’s LFP batteries, reducing SDI’s share. Rivian’s overall slowdown also hurt. Positive sales from BMW and Audi helped offset some losses. Models like the BMW i4, i5, i7, and iX, along with Audi’s Q6 e-Tron, kept European demand steady.

Together, LGES, SK On, and Samsung SDI held 16% of the global market, down 3.5 percentage points from last year.

  • Panasonic Works to Diversify

Panasonic ranked seventh with 35.9 GWh and a 3.8% market share. The company focused on reducing reliance on Tesla and growing in North America. Efficiency upgrades at its Kansas and Nevada factories, along with work on next-generation 4680 and 2170 cells, helped stabilize costs. Panasonic also expanded talks with North American automakers to diversify its customers.

Regional Strategy Becomes the New Competitive Driver

By late 2025, growth remained strong, but the global competitive landscape grew more complicated. Each major region pursued a different policy direction, forcing battery makers to adjust both technology and supply chain strategies.

North America: Automakers increasingly secured long-term procurement deals to manage battery costs and reduce supply risks. Local production and the U.S. Inflation Reduction Act (IRA) compliance drove rapid investment in domestic supply chains.

Europe: European automakers accelerated efforts to reduce their reliance on imported Asian batteries. As a result, local pack assembly, localized mineral sourcing, and near-shoring became top priorities to comply with EU rules and reduce geopolitical exposure.

Asia: Asian suppliers focused on product differentiation through high-energy-density chemistries, fast-charging cells, long-life platforms, and intelligent battery-management systems. They also expanded partnerships with global OEMs to extend their market reach.

EV Boom Helps Flatten China’s Carbon Emissions

The global EV battery industry is shifting from simply scaling up production to focusing on regional strategies and flexible supply chains. Companies that quickly adapt to new policies, create market-specific products, and strengthen local supply chains are gaining a clear edge.

This shift is playing a significant role in reducing China’s emissions and advancing a cleaner energy future. According to a recent CarbonBrief report, China’s carbon dioxide (CO2) emissions have stabilized over the past 18 months, from March 2024 through the third quarter of 2025.

china emissions

This marks a notable change for the world’s largest emitter, as strong growth in renewable energy and EVs begins to offset emissions from heavy industry.

The report also highlighted that transport fuel emissions fell by 5% year-on-year in the third quarter of 2025, as more drivers switched from gasoline and diesel vehicles to EVs.

All in all, China enters this next phase with overwhelming scale and strong global partnerships. Still, rising regionalization means that long-term leadership will depend on the ability to operate diverse portfolios—not just on dominating global market share.

Biochar Carbon Credits in 2025: Stable Prices Amid Weakening Demand

Jennifer L
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Biochar Carbon Credits in 2025: Stable Prices Amid Weakening Demand

In late 2025, the market for carbon credits based on biochar, a carbon removal method, is showing stable prices. However, behind the calm surface, many players say sentiment is weakening, which comes from fewer retirements, lower demand, and a tight supply.

A recent report by S&P Global found that in October 2025, U.S. biochar credits for delivery in 2025 stayed at around $150 per tonne of CO₂e. Credits for next year’s delivery were about $148 per tonne. This is slightly lower due to less buying activity and hopes for more supply.

Still, the drop in retirements signals weaker demand. Tech-based carbon removal retirements slipped to just 3,327 metric tons (mt) in October, down sharply from 57,417 mt in September. So, while prices held steady for now, the weak market mood raises questions about how the biochar credit market may perform in the coming months. 

However, reports from the largest open data platform on the durable CDR market, CDR.fyi paint a different picture of annual biochar contracted volume, purchases, delivered, and retired.

Turning Waste Into Value: How Biochar Works

Biochar comes from heating organic waste, such as agricultural leftovers. This happens in a low-oxygen process known as pyrolysis. Doing this locks in carbon and converts plant waste into a stable, carbon-rich material. That carbon can be stored for decades or centuries.

Biochar removes carbon instead of just avoiding emissions. So, its credits fall under the “carbon dioxide removal (CDR)” category. Over the last few years, buyers in the voluntary carbon market have shown growing interest in CDR credits.

Some traditional “emissions-avoidance” credits are criticized. They often lack permanence and strong verification.

Biochar has a co-benefit: it can boost soil health, water retention, and agricultural yields when added to soil. However, these benefits come after its main role in carbon removal.

Biochar is appealing because it’s relatively affordable compared to pricier carbon removal methods, like direct air capture. It also offers two benefits: removing carbon and improving soil health. 

Supply Chains and Demand: The Fragile Balance

Recent data by CDR.fyi points to a mixed and fragile state for the biochar carbon credit market. The key findings include:

  • A 2025 market snapshot from CDR.fyi shows that from 2022 to mid-2025, around 3.04 million tonnes (Mt) of biochar carbon removal (BCR) credits were contracted. Roughly 1.6 Mt of that was purchased in the first half of 2025 alone.

biochar carbon credit purchase

  • Deliveries and retirements of BCR credits have also increased. By the end of Q2 2025, around 302,000 tonnes had been retired. That’s about double the amount from previous years.

  • The biochar market also saw strong yearly growth, especially from 2023 to 2024, with a 435% increase.

biochar market value 2022 to 2024

  • Despite this, the number of active buyers remains low. A few big companies, like Microsoft, Google, and JPMorgan Chase, make most of the purchases.

On the supply side, biochar credits remain constrained. Many projects face delays in certification or in building out production capacity. Recent data shows that some biochar projects are still validating or just issuing their first credits. This limits the credits available for immediate delivery or sale.

High demand from big buyers, limited supply, and delays in new projects explain why prices remain strong. Yet, it also exposes the fragility of the market: if even a few big buyers step back, or if supply improves markedly, prices could shift.

average biochar credit price
Notes: 2024 price is from market estimates, while 2023 and 2025 figures are from Sylvera

Diversifying Revenue and Expanding Buyers

Faced with weak sentiment and supply constraints, many biochar developers are rethinking their strategies. Some are trying to expand the market beyond a few large corporations.

A broker in the S&P Global report said there’s a rising push to reach “smaller buyers.” This includes small companies and possibly individuals. This could help broaden demand, reduce concentration risk, and create a more stable base for biochar credits.

Meanwhile, developers are seeking diversified revenue streams. Many are now focusing on the actual biochar product instead of just selling carbon credits. They sell it as soil amendments, bio-fertilizers, and for other uses. This strategy can boost the “bankability” of projects. This makes them more appealing to investors. It also cuts down on reliance on the unstable credit market.

Long-term purchase agreements (offtake deals) are also becoming more common. For buyers seeking certainty, signing multi-year contracts with biochar producers ensures a steady supply.

biochar top buyers

It may also provide price advantages compared to unpredictable spot markets. That can be a win–win: producers get steady funding, buyers get a reliable supply.

These measures only partly tackle the bigger problem. The supply is still small and fragmented compared to the high demand from companies wanting to offset emissions on a large scale.

What Forecasts Say: Growth is possible, but big challenges remain

Industry analysts are cautiously optimistic about the long-term prospects of biochar carbon credits. Stratistics MRC predicts that the global biochar carbon credit market may rise from about $304.1 million in 2025 to nearly $1,847.3 million by 2032. That implies a compound annual growth rate of about 29.4%.

In another estimate, the biochar market can reach over $3 billion by 2034. That’s a more conservative projection, at a 13.5% annual growth rate.

biochar market projection 2034

Other forecasts, such as MSCI Carbon Markets, say demand for biochar credits might rise a lot in the next decade. This rise is fueled by corporate net-zero goals and a greater focus on lasting carbon removal.

Still, several major hurdles stand in the way of scalable growth, such as:

  • Supply chain bottlenecks: Many biochar projects remain small or underfunded; building larger plants requires capital and time. Delays in certification, pyrolysis equipment supply, and feedstock sourcing continue to slow expansion.
  • Market concentration: A small number of buyers still dominate demand. This means that changes in their demand — or shifts in corporate climate strategies — could strongly affect the whole market.
  • Competition and price pressure: If supply grows faster than demand in the medium term, credit prices might come under pressure. Some models even anticipate short-term price compression before a rebound.
  • Policy and integration challenges: Many analysts believe that biochar needs more than just voluntary credits to grow. It may need integration into compliance markets, support from government policies, or large public funding.

Implications for Buyers, Producers, and the Climate

For buyers, whether big firms or small businesses, biochar credits are a great way to offset emissions. They are durable and often more credible than traditional offsets. Plus, they can improve soil health and offer other benefits. But buyers should be aware: the current supply-demand mismatch and limited buyer base introduce risk.

For producers, biochar remains a difficult but possibly rewarding business. Diversified income streams and long-term agreements may help stabilize revenue.

For the climate, biochar represents one of the more promising carbon removal tools available today. If done carefully and combined with larger climate actions, it could help remove and store a lot of CO₂. 

A Fragile but Promising Path Forward

The biochar carbon credit market in late 2025 is at a delicate balance. Prices remain steady, thanks largely to tight supply and committed offtake deals. But weaker retirements and shrinking buyer activity hint at deeper structural challenges.

Still, signs of adaptation show promise for biochar. New buyers are emerging, business models are diversifying, and long-term contracts are forming. These changes suggest many believe biochar can grow beyond a niche solution. If the industry can fix supply bottlenecks and broaden demand beyond a few big companies, biochar could be a strong part of global carbon removal.

Hyundai’s Next-Gen Battery Campus in South Korea and V2X Strategy Set to Revolutionize the Global EV Market

Saptakee S
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Hyundai’s Next-Gen Battery Campus in South Korea and V2X Strategy Set to Revolutionize the Global EV Market

Hyundai Motor Group is taking a major step in electric mobility. The company is building a large new research and development hub in Anseong, South Korea. Called the Future Mobility Battery Campus, the center will focus on advanced battery design, real-world testing, and smarter energy services that link EVs with homes and power grids.

The auto giant recently revealed in its press release that it is investing KRW 1.2 trillion, and the campus will be complete by the end of 2026. It will help Hyundai, Kia, and Genesis develop safer, more efficient, and higher-performing batteries.

A Major Investment in Next-Generation Battery Technology

Hyundai recently celebrated the topping-out ceremony of the Future Mobility Battery Campus. The building sits inside Anseong’s Fifth General Industrial Complex and covers a large area of 197,000 square meters, with a total floor space of 111,000 square meters. Construction has been steady since it began in January 2025.

Here’s a snapshot of the facility

Hyundai EV battery park

Source: Hyundai

Battery technology drives EV performance. Range, safety, charging speed, and durability all depend on battery design and construction. Hyundai wants greater control over these technologies instead of relying solely on suppliers.

Moreover, consolidating operations under one roof lets Hyundai move faster. It also reduces risks and ensures new battery technologies are safe and reliable before reaching customers.

How the Campus Strengthens Research and Development

Before this new site, Hyundai’s battery development mostly happened at its Namyang and Uiwang R&D centers. These facilities focus on battery materials, cell design, and early-stage process development. However, they mainly perform small-scale validation.

The new Future Mobility Battery Campus goes much further. It introduces continuous process validation, which means Hyundai can test batteries again and again under conditions that mimic real manufacturing and real-world use.

This approach helps in several ways, for example:

  • improves quality and consistency.
  • reveals problems earlier in the design process.
  • allows for testing large numbers of cells and packs quickly.
  • ensures that the final product works smoothly when installed in vehicles.

In short, Hyundai will be able to evaluate every stage—from raw materials to full battery packs inside a car.

Heui Won Yang, President and Head of the R&D Division at Hyundai Motor Group

“Through the Future Mobility Battery Campus, we aim to seamlessly connect the entire battery ecosystem to foster cross-industry collaboration and accelerate technological advancement. We are committed to strengthening Hyundai Motor Group’s EV battery competitiveness and advancing global electrification through strategic collaborations.”

Key Focus Areas Inside the Future Mobility Battery Campus

Hyundai has outlined three main areas of focus at the new facility.

  1. High-Precision Testing and Validation

Hyundai will recreate the full battery production process, including electrode creation, cell assembly, and activation and formation.

These steps will be tested using equipment similar to what will be used in mass-production factories. Researchers can then adjust the process repeatedly to improve safety, performance, and cost-efficiency.

The campus will also host an integrated testbed that allows researchers to perform continuous, repeat-cycle testing. Batteries can be evaluated from their earliest cell stage all the way to full pack integration. Hyundai can check how a battery ages, how it behaves under stress, and how it performs across different temperatures and driving conditions.

  1. Development of Next-Generation Batteries

The campus will focus heavily on the next era of battery technology, including:

  • High-performance lithium-ion cells for EVs and Extended-Range Electric Vehicles (EREVs)
  • New formats and chemistries to improve range and charging speed
  • Better battery durability and safety
  • High-energy designs suited for future mobility sectors

As the EV market grows, battery innovation must keep pace. Hyundai wants to be ready for rapid changes in demand, regulations, and global supply chains.

  1. Digital and AI-Powered Development

Hyundai will use advanced digital tools to speed up battery development. These include:

  • AI-based predictive modeling for faster and more accurate research
  • Automated testing equipment to reduce human error
  • Big data analytics to improve battery safety and performance over time

By combining AI with hands-on testing, Hyundai can shorten development cycles and react more quickly to discoveries and safety requirements.

GLOBAL EV SALES

A Hub for Collaboration Across the Battery Industry

Collaboration is a key goal of the Future Mobility Battery Campus. Hyundai will use it to share testing platforms, accelerate the commercialization of new battery chemistries, reduce early-stage risks, strengthen Korea’s battery supply chain, and promote growth across partners. The hub will create a broader ecosystem where innovation happens faster and more safely.

The company also signed an MOU with Gyeonggi Province, Anseong City, and Gyeonggi Housing and Urban Development Corporation to create a regional industrial cluster. This partnership aims to attract battery companies, support research, and promote sustainable economic development.

Looking Beyond EVs: Robotics, AAM, and More

Hyundai isn’t limiting the new campus to car batteries. The company wants to use its research for robotics, Advanced Air Mobility (AAM), industrial applications, and other future mobility technologies

These markets will require batteries that are lighter, safer, and more powerful, and Hyundai wants to be ready for long-term growth in these sectors.

Hyundai Expands V2X Services: EVs as Energy Providers

Alongside its battery initiative, Hyundai is also expanding its Vehicle-to-Everything (V2X) strategy. These services allow EVs to store energy and send it back to homes, the grid, or devices. Instead of being only transportation tools, EVs become mobile power sources.

  • Its key services are: V2G, V2H, V2L, and smart charging services across Korea, Europe, and the U.S.

As per expert reports, the global vehicle-to-everything (V2X) market was worth USD 4.1 billion in 2024. It is expected to grow fast, with a 25.1% annual growth rate from 2025 to 2034.

This rise is mainly due to the need for safer roads and the progress being made in autonomous driving, which both increase demand for connected car technologies.

vehicle to everything market

Korea’s V2G Pilot: EVs Stabilizing the Grid

By the end of 2025, Hyundai will launch Korea’s first Vehicle-to-Grid (V2G) pilot on Jeju Island with the Kia EV9 and Hyundai IONIQ 9. The program lets EVs absorb excess renewable energy and feed it back during peak demand, stabilizing the grid and lowering costs. Hyundai leads the project, with policy support from Jeju Province, KEPCO managing the grid, and Hyundai Engineering analyzing charging stations

Europe and U.S.: Lower Costs and Energy Security

In the Netherlands, Hyundai offers commercial V2G, letting drivers charge during low-cost hours and sell surplus energy at peak rates, reducing bills and supporting renewables. While in the U.S., V2H services allow EVs to power homes during outages or peak-demand periods. Kia EV9 and Hyundai IONIQ 9 owners can store energy off-peak and use it during high-demand hours, improving energy resilience.

Hyundai’s 2030 Electrification Goals

The company is pushing hard to meet its 2030 electrification goals. It is boosting battery production in major EV markets, developing next-gen batteries, and using modular designs to cut costs and speed up development. It is also making EVs more competitive by improving how hardware and software work together.

To reach carbon neutrality, the company plans to go fully electric in Europe by 2035 and in major markets by 2040. By 2030, it expects EVs to account for 36% of global sales, supported by new plants and upgraded production lines that shift the focus away from Korea.

Hyundai EV target
Source: Hyundai

Net-Zero Target and Scope Emissions 

Hyundai aims to achieve carbon neutrality by 2045. In 2024, the company reported over 2.1 million tCO₂e in Scope 1 and 2 emissions and is working to cut upstream Scope 3 emissions through broader supply chain improvements.

It also signed major renewable energy deals in Korea, India, and the United States to support its RE100 commitment, aiming to run all operations on 100% renewable power by 2045.

Hyundai emissions
Source: Hyundai
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