Gevo Expands Carbon Credit Business as Low-Carbon Fuel Growth Boosts 2026 Outlook

Saptakee S
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Gevo Expands Carbon Credit Business as Low-Carbon Fuel Growth Boosts 2026 Outlook

Gevo Inc. (NASDAQ: GEVO) reports strong results from its low-carbon fuels and carbon removal initiatives. The renewable fuels company is advancing in carbon markets, biofuels, renewable natural gas (RNG), and sustainable aviation fuel (SAF). As a result, management expects significantly higher earnings for 2026 than previously predicted.

The company believes its non-GAAP adjusted EBITDA for 2026 could more than double prior estimates. This positive outlook stems from carbon credit opportunities, increased production, improved operations, and new tax credit revenue.

Gevo’s Chief Executive Officer Paul Bloom said:

“We continue to deliver solid progress on recognizing greater value from our commodities, carbon business and incentives. Our actions taken in the second quarter demonstrated that our carbon strategy is working to deliver increased value for our shareholders from our operating assets, while also advancing our growth objectives.”

Carbon Business Drives Growth

A major milestone for Gevo this year is its entry into compliance and voluntary carbon markets.

The company has completed a new carbon intensity pathway under Canada’s Clean Fuel Regulations (CFR) for its low-carbon ethanol made with carbon capture and sequestration (CCS). This allows Gevo to generate and sell compliance carbon credits in Canada, with sales beginning this year and revenue expected in the third quarter of 2026.

Gevo is also expanding in the voluntary carbon market via its bioenergy with carbon capture and storage (BECCS) project in North Dakota.

  • According to carbon market platform CDR.fyi, Gevo ranks among the world’s top five suppliers of delivered carbon removal credits. Unlike many firms still in development, Gevo consistently delivers verified credits to clients.

Chief Carbon Officer Alex Clayton sees significant growth potential in this area. He stated that Gevo is creating new opportunities while helping to set standards for quality carbon removal. Clayton believes the company could generate over $30 million in carbon-related revenue as demand rises. He also noted the long-term goal is to build a trusted carbon credit market for global trading.

Carbon Credit Sales Surge

Demand for Gevo’s carbon removal credits has soared in 2026.

The company reports that sales in the first half of the year have already surpassed total sales for all of 2025. Notable organizations have retired carbon dioxide removal certificates (CORCs) from Gevo’s North Dakota BECCS project via the Puro.earth registry.

Clients include Nasdaq, Delta Air Lines, Bank of Montreal, Monzo Bank, and Amgen, all seeking reliable carbon removals. Recently, Nasdaq retired credits for about 8,500 tonnes of carbon dioxide equivalent and highlighted this partnership in its latest sustainability report.

gevo carbon credits sales
Source: CDR.Fyi

Launching a Carbon Marketplace

To meet rising demand, Gevo has launched an online platform for its carbon removal business.

This new site allows buyers to access Gevo’s carbon credits directly and explains how its BECCS technology works. The platform aims to simplify the purchasing process and educate companies on meeting climate targets through verified removals.

Gevo states that all its carbon credits are certified under the Puro Standard via Puro.earth. Cula Technologies provides monitoring to ensure transparency in project performance and verification. The company is also in discussions to improve standards in the voluntary carbon market.

Expanding Carbon Arbitrage Strategy

Gevo describes its business model as a “carbon arbitrage” strategy.

Instead of relying solely on fuel sales, the company gains value from multiple sources linked to the same production process. Low-carbon ethanol production generates fuel revenue, carbon credits, tax incentives, and carbon removal credits through CCS. These diverse revenue streams improve project economics and lessen reliance on fuel prices.

Management notes that growth in compliance and voluntary carbon markets is boosting returns from this integrated model.

Section 45Z Tax Credits Expected

A key factor in Gevo’s improved outlook is the U.S. Section 45Z Clean Fuel Production Tax Credit.

The company anticipates monetizing over $70 million in Section 45Z tax credits during 2026. These credits relate to ongoing production of low-carbon ethanol and renewable natural gas, rewarding further reductions in carbon intensity. Gevo expects to see cash proceeds from these tax credits in the second half of this year.

Financing Push Supports Gevo’s 2028 Capacity Expansion

The company is also planning to double the facility’s capacity to about 150 million gallons annually. Engineering work, permitting, and initial equipment purchases have already started. This larger expansion aims for completion in 2028 after securing financing.

It expects to finalize financing arrangements, including a partnership with Ara Energy, in the second half of 2026. If successful, this expansion would roughly double ethanol production, carbon capture capacity, and revenue from the North Dakota site.

gevo alcohol to jet

SAF Facility, Project Northstar Gets a Boost

Gevo is advancing Project Northstar, its main sustainable aviation fuel facility planned for North Dakota.

The company has completed Front-End Loading Phase 3 (FEL-3) engineering for the project. Construction costs are now estimated at $600 million, with typical engineering uncertainty around 10%.

Most of the alcohol-to-jet technology modules have performed close to earlier estimates, within 2% of previous projections. However, total project costs have risen due to site-specific challenges.

Gevo noted that weaker soil conditions at the North Dakota site require more civil engineering work. Shipping and logistics costs for key equipment have also increased. These site-specific costs added about $100 million to the overall project estimate.

Management mentioned that future facilities in different locations could have lower or higher costs depending on local conditions. The company is now working to secure additional long-term SAF purchase agreements before making a final investment decision later this year.

Operational Improvements Boost Production

  • The press release highlighted that a debottlenecking project is underway to increase low-carbon ethanol production capacity to around 75 million gallons by the end of 2026.

Additionally, the project is on track and within budget. Once complete, management predicts that production of ethanol, coproducts, captured carbon dioxide, and related incentives will rise by about 10% to 15% starting in 2027.

The company states that this expansion should not require significant unplanned production shutdowns.

gevo north dakota

Growing Support for SAF

Gevo revealed that market conditions for SAF are improving across North America.

According to Fortune Business Insights, the global sustainable aviation fuel (SAF) market was valued at US$2.72 billion in 2025.

The market is expected to grow to US$4.02 billion in 2026 and reach US$40.09 billion by 2034, reflecting a 33.3% compound annual growth rate (CAGR) during the forecast period. North America led the global SAF market in 2025, capturing 46.43% of total market revenue.

SAF market north america

Several U.S. states, like Colorado, Hawaii, Kentucky, Massachusetts, Minnesota, and New Mexico, have started or grown SAF tax credits and low-carbon fuel programs.

These efforts aim to prompt airlines to use cleaner aviation fuels. Together, these states use nearly 3 billion gallons of jet fuel each year, showing a big potential market for sustainable options. Gevo thinks these policies could boost long-term demand and improve funding for future SAF projects.

Renewable Natural Gas Performance

Gevo’s renewable natural gas business has also shown strong results in the second quarter.

The company reported RNG production above budget, averaging around 106% of planned output for the year. Meanwhile, its specialty fuels business in Silsbee, Texas, has transitioned from a cost center in 2025 to a profitable venture expected in 2026. Additional cost-cutting measures are projected to reduce annual corporate expenses by over $5 million.

  • As Gevo prioritizes Project Northstar, it is considering winding down development of its SAF project in Lake Preston, South Dakota.

Management noted that ending work at Lake Preston might lead to big non-cash write-downs. However, they expect no extra cash spending on it. Instead, resources will shift to North Dakota, where Gevo sees better long-term opportunities for both sustainable aviation fuel and carbon removal.

Gevo is focusing on carbon management and renewable fuels for long-term growth. With rising carbon credit sales and more access to compliance markets, the company is well-positioned. They are also boosting biofuel production and benefiting from valuable tax incentives. Progress on their flagship SAF project further supports this strategy.

France Unveils €63B Offshore Wind Mega-Plan Approved by EC to Power Europe’s Net-Zero Race

Jennifer L
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France Unveils €63B Offshore Wind Mega-Plan Approved by EC to Power Europe’s Net-Zero Race

France is making one of its biggest clean energy investments yet. The European Commission has approved a €63 billion (US$72 billion) support program to help France build and operate 11 offshore wind farms over the next 25 years. The plan aims to speed up renewable energy development, reduce greenhouse gas emissions, and strengthen Europe’s energy security as electricity demand continues to rise.

The approval comes at a time when Europe is working to replace fossil fuels with cleaner electricity while meeting its climate goals. At the same time, power demand is growing because of electric vehicles, heat pumps, and AI data centers.

For France, offshore wind is becoming a key part of this transition. Teresa Ribera, Executive Vice-President for Clean, Just and Competitive Transition,

“Today’s decision clears the way for France’s offshore wind support scheme. France will continue working towards a fully decarbonised energy system, and the Commission will continue supporting Member States in achieving our common climate objectives.”

France Unleashes a Historic Offshore Wind Buildout

The projects will be located in the North Sea, the Atlantic Ocean, and the Mediterranean Sea. Together, they will provide up to 11.1 gigawatts (GW) of new offshore wind capacity and generate about 47.8 terawatt-hours (TWh) of clean electricity each year. That is enough to supply more than 10% of France’s annual electricity demand.

France offshore wind program 63B euros

The program was approved under the European Union’s Clean Industrial Deal State Aid Framework (CISAF). It was introduced in May 2025 to speed up renewable energy projects and strengthen Europe’s clean technology industry.

France will award the projects through competitive auctions. Winning developers will receive long-term two-way Contracts for Difference (CfDs). These contracts provide stable revenues by linking payments to electricity market prices. They help lower investment risks while protecting consumers from excessive power prices.

The new program also moves France closer to its goal of installing 18 GW of offshore wind by 2035 and 45 GW by 2050, making offshore wind a key part of the country’s clean energy transition.

Offshore Wind Supports France’s Climate Goals

Offshore wind is a key part of France’s clean energy strategy. The country aims to reach carbon neutrality by 2050. To get there, it plans to expand renewable energy while keeping its low-carbon nuclear power system.

power generation in France 2025

The government wants offshore wind capacity to grow to 18 GW by 2035 and 45 GW by 2050. With more than 5,500 kilometers of coastline, France has some of Europe’s best offshore wind resources.

More offshore wind will help cut fossil fuel use, improve energy security, and meet rising electricity demand from electric vehicles, industry, and AI data centers. The new €63 billion program could speed up that transition and support France’s long-term climate goals.

Expanding offshore wind will make the country’s power mix even cleaner. It will also reduce the need for fossil fuel generation during periods of high demand.

Why Offshore Wind Is Booming Worldwide

France’s investment reflects a much bigger global trend.

According to the Global Wind Energy Council (GWEC), global offshore wind capacity has now grown to over 83 GW. The industry is expected to add over 410 GW of new offshore wind capacity between now and 2035 as countries invest in cleaner electricity and stronger energy security.

offshore wind installations outlook GWEC

Europe continues to lead the market. WindEurope says the region installed 16.4 GW of new wind power capacity in 2025. Wind now supplies about 20% of Europe’s electricity, making it one of the continent’s largest sources of clean power.

France has some of Europe’s best offshore wind resources because of its long Atlantic and Mediterranean coastlines. However, it has expanded more slowly than countries such as the United Kingdom, Germany, and the Netherlands. The new support program will help close that gap over the coming years.

It will also support the European Union’s target of cutting net greenhouse gas emissions by at least 55% by 2030 compared with 1990 levels.

The power sector remains one of the world’s biggest sources of emissions. According to the International Energy Agency (IEA), electricity and heat generation account for about one-third of global energy-related CO₂ emissions. Replacing coal and natural gas with renewable electricity is one of the fastest ways to reduce those emissions.

Wind Energy Is Reshaping Europe’s Power Mix

Ember reports that wind and solar produced almost 30% of the EU’s electricity in 2025. At the same time, fossil fuel generation kept falling with renewables overtaking it for the first time. The shift reflects years of investment in renewable energy and stronger climate policies across the region.

Europe wind and solar 2025 Ember

The next challenge is expanding the electricity grid.

The IEA says countries must build and upgrade millions of kilometers of transmission and distribution lines by 2040 to keep pace with rising electricity demand. Without stronger grids, many renewable energy projects could face delays because they cannot connect to the network.

Battery storage will also play a larger role. Batteries store extra electricity when wind output is high and release it when demand increases. Together, stronger grids and more storage will help make renewable electricity more reliable.

Billions Flow Into the Offshore Wind Revolution

The offshore wind industry is attracting record levels of investment.

IRENA estimates that in 2025, renewable power added a record amount of new capacity worldwide. Solar and wind led most of these new installations. Governments and investors continue to favor these technologies because costs have fallen sharply over the past decade. Moreover, energy security has become a higher priority.

solar and wind generation 2025 IRENA
Source: IRENA

Europe remains one of the world’s largest offshore wind markets. The region has built a strong supply chain that supports thousands of jobs in manufacturing, engineering, construction, and port operations.

France’s €63 billion program aims to boost the industry. It offers developers the long-term certainty they need to invest in new projects.

France Is Investing in Europe’s Clean Energy Future

The European Commission’s approval marks one of the largest offshore wind support programs ever introduced in Europe.

For France, the investment could reduce emissions, improve energy security, and strengthen domestic clean energy industries. For Europe, it reinforces offshore wind’s growing role in building a low-carbon economy.

The program also sends a broader message to global markets. Governments are no longer investing in renewable energy only to meet climate targets. They are also doing it to improve energy independence, support economic growth, and prepare electricity systems for a future powered by AI, electric transport, and clean industries.

As offshore wind capacity expands across Europe, projects like France’s €63 billion program will play an increasingly important role in reducing emissions while supplying the reliable electricity needed for the next phase of the global energy transition.

Europe’s New Carbon Price Faces Backlash as 10 Nations Seek Fuel Cost Changes

Jennifer L
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0
Europe’s New Carbon Price Faces Backlash as 10 Nations Seek Fuel Cost Changes

The European Union’s biggest climate policy is facing fresh political pressure. Ten EU countries, led by Italy and Poland, have asked the European Commission (EC) to rethink its new carbon market for road transport and building fuels, known as ETS2. They argue that higher fuel costs could put more pressure on households and businesses already dealing with economic uncertainty.

The request comes as Brussels prepares a wider review of the EU Emissions Trading System (EU ETS). The countries want stronger safeguards against sharp price hikes before the new market starts in 2028. This comes after the EU decided to delay the launch by a year due to worries about energy costs.

The statement of the opposition reads:

“European citizens should not be facing new climate taxes in the current economic ​and geopolitical circumstances. ETS2 should therefore be addressed directly in the revision and carefully reconsidered.”

Countries that signed the statement and requested revisions to existing ETS include Italy, Poland, Bulgaria, Cyprus, the Czech Republic, Estonia, Greece, Hungary, Romania, and Slovakia.

What Is ETS2?

The EU Emissions Trading System 2 (ETS2) is a new carbon market created under the EU’s 2023 ETS reforms. It expands carbon pricing to buildings, road transport, and small industries that the existing EU ETS does not cover.

Road transport makes up about 25% of the EU’s greenhouse gas emissions. Buildings use around 40% of the bloc’s energy and contribute 36% of its energy-related emissions, says the European Commission.

Like the current system, ETS2 follows a cap-and-trade model, but it applies upstream. That means fuel suppliers, not households or drivers, must buy carbon allowances (carbon credits) through government auctions to cover the emissions from the fuels they sell. Some of these costs could be passed on to consumers through higher fuel prices.

The system will become fully operational in 2028 and aims to cut emissions from the covered sectors by 42% by 2030, compared with 2005 levels. All revenue from allowance auctions will be for climate action and social support.

EU carbon prices have been moving higher in recent months. ICE data shows that the benchmark EU Allowance (EUA) December 2026 contract rose to about €82 per tonne in July. It had traded around €80 per tonne in June.

Hopes for reforms in the EU ETS support the market. There may also be closer ties between the EU and UK carbon markets, while the supply of permits is expected to tighten over time. Analysts say carbon prices will remain sensitive to policy decisions as Brussels reviews the future of the ETS.

EU carbon prices futures from ICE
Source: ICE

Why Europe is Expanding Carbon Pricing

The EU believes carbon pricing remains one of its most effective climate tools.

The existing EU ETS, launched in 2005, already covers power generation, heavy industry, and aviation. Together, these sectors account for about 40% of the EU’s greenhouse gas emissions.

The results have been significant.

According to the European Commission, emissions from sectors covered by the EU ETS have fallen by about 50% since 2005. The carbon market has also raised more than €260 billion since 2013, with much of the revenue invested in renewable energy, clean technology, and climate projects.

EU ETS revenue 2025
Source: EC

By extending carbon pricing to transport and buildings, policymakers hope to cut emissions in sectors that have made slower progress. The move is central to the EU’s goal of reducing net greenhouse gas emissions by at least 55% by 2030 and reaching climate neutrality by 2050.

Balancing Climate Action and Energy Costs

The debate highlights one of Europe’s biggest climate challenges: how to reduce emissions without making everyday energy more expensive. The main challenge is finding the right balance.

Supporters say ETS2 will encourage cleaner vehicles, better home insulation, and low-carbon heating systems. Critics worry that higher fuel bills could place too much pressure on households, especially in lower-income regions.

To address those concerns, the EU created the Social Climate Fund, worth up to €86.7 billion. The fund will help member states support vulnerable households, small businesses, and transport users through investments in clean heating, energy efficiency, and low-emission mobility.

The current debate is therefore not about whether Europe should reduce emissions. It is about how quickly the transition should happen and how its costs should be shared across society.

Carbon Pricing Is Growing Worldwide

Europe is not the only region putting a price on carbon.

According to the World Bank’s State and Trends of Carbon Pricing 2025 report, there are now 80 carbon pricing instruments operating or scheduled worldwide. These include carbon taxes and emissions trading systems across national, regional, and local governments.

carbon pricing 2025 world bank
Source: World Bank

Together, they cover about 28% of global greenhouse gas emissions and generated more than US$100 billion in revenue in recent years. Much of that money has been used to support clean energy, climate projects, and programs that help households and businesses manage the transition.

Europe remains the global leader. The EU ETS is the world’s largest carbon market and has become a model for many countries developing their own emissions trading systems.

Cutting Emissions From the Hardest Sectors

The EU has already made strong progress in cleaning up electricity generation. According to Ember, wind and solar produced nearly 30% of the European Union’s electricity in 2025, while coal generation continued to fall.

As the power sector becomes cleaner, transport and buildings now account for a larger share of the region’s remaining emissions.

That is why ETS2 focuses on these sectors. Reducing emissions from these sectors will be essential if Europe wants to meet its 2030 and 2050 climate targets.

The Debate Is About Timing, Not the Goal

Most governments agree that emissions must continue to fall. The disagreement is over how quickly carbon pricing should expand and how to protect consumers from higher energy costs.

Some countries want stronger safeguards before ETS2 begins. Their proposals include releasing more allowances into the market if prices rise too quickly and improving mechanisms that prevent excessive price swings.

Supporters argue these changes would make the system more stable without weakening Europe’s climate goals. Others warn that delaying or softening the market too much could reduce investment in cleaner technologies and slow emissions reductions.

The European Commission is expected to review the proposals as part of its broader assessment of the EU carbon market.

A Critical Test for Europe’s Net-Zero Strategy

The outcome of the ETS2 will shape the next phase of Europe’s climate policy.

Carbon pricing remains one of the EU’s most important tools for reducing emissions because it rewards cleaner technologies while encouraging investment in energy efficiency and low-carbon fuels.

At the same time, public support will be just as important as strong policy. Governments must show that climate action can reduce emissions without placing an unfair burden on families and small businesses.

Finding that balance will determine the success of ETS2. As more countries move toward net-zero emissions, that balance may become one of the biggest challenges facing climate policy over the next decade.

Copper Prices Enter a New Bull Market: Chile Raises Price Forecast as AI and Clean Energy Fuel Demand

Jennifer L
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0
Copper Prices Enter a New Bull Market: Chile Raises Price Forecast as AI and Clean Energy Fuel Demand

The central bank of Chile, the world’s largest copper producer, recently lowered its 2026 economic growth forecast, but it raised its average copper price forecast to US$5.90 per pound. The change reflects strong global demand and limited mine supply. It also shows that copper remains one of the world’s strongest commodity markets, even as economic growth slows. 

As the biggest producer, Chile has a major influence on global copper supply. Copper is essential for power grids, electric vehicles (EVs), renewable energy, battery storage, and AI data centers. Higher prices could benefit mining companies while supporting the industries driving the global energy transition.

Chile Sees Strong Copper Prices Ahead

Chile’s latest forecast shows confidence in the copper market. The central bank expects copper to average US$5.90 per pound in 2026, before easing to US$5.20 in 2027 and US$5.00 in 2028.

Copper Spot Price - CarbonCredits

Even with slower economic growth, officials believe demand will stay strong because the world still needs more copper for clean energy and new technology. 

Chile’s Copper Commission (Cochilco) shares that view. Earlier this year, it also raised its copper price outlook. The agency said prices are being supported by tight global supply and growing demand from renewable energy, electric transport, and digital infrastructure.

Copper prices have seen some ups and downs over the past year. However, they remain well above their historical average. Analysts say the market is now being driven more by long-term demand than by short-term economic swings.

Copper Spot Price - CarbonCredits (1)

AI and Clean Energy Are Reshaping Copper Demand

Copper has become one of the world’s most important metals.

According to the International Energy Agency (IEA), power grids will create the largest increase in copper demand over the coming decades. Countries need thousands of kilometers of new transmission lines to connect renewable energy projects and meet rising electricity demand.

Electric vehicles also use much more copper than traditional cars. The IEA estimates that a battery-powered EV needs about 2.5x more copper than a gasoline-powered vehicle. Wind turbines, solar farms, and battery storage systems also require large amounts of the metal.

Artificial intelligence is adding even more demand. AI data centers need transformers, substations, cooling systems, backup power, and large networks of electrical cables. All of these use copper.

copper demand in data centers 2030 IEA

The IEA expects electricity use by data centers around the world to more than double by 2030, reaching about 945 terawatt-hours (TWh) each year. That is roughly equal to Japan’s total annual electricity use today. Most of the increase will come from AI.

As companies like Google, Microsoft, Amazon, and Meta build more AI data centers, demand for copper will keep growing.

Chile Remains the World’s Copper Powerhouse

Chile remains the world’s biggest copper producer.

According to the U.S. Geological Survey (USGS), Chile produced about 5.3 million metric tonnes of copper in 2025. That was about one-quarter of global mine production.

top copper producers 2025 usgs data

The country’s biggest mines include Escondida, Collahuasi, and Codelco. Together, they supply copper to manufacturers around the world.

Cochilco expects Chile’s annual copper production to reach about 5.54 million metric tonnes by 2034. However, growth is likely to be slow. Many older mines now produce lower-grade ore. New mining projects are also becoming more expensive and take longer to develop.

Chile’s state-owned miner Codelco recently said its production is expected to stay close to current levels over the next few years instead of reaching its long-term target of 1.7 million metric tonnes a year by 2030.

Bernardo Fontaine, Codelco Chairman, remarked:

“It is very ⁠possible ⁠that it sits at ⁠a ​production rate quite similar to the one it has today.”

The company is still recovering after output fell to its lowest level in more than 20 years during 2022 and 2023. Production from its own mines reached 1.33 million metric tonnes last year.

Fontaine further said several major expansion projects have faced unexpected delays and higher costs as it works to offset declining ore grades. The company also sees the El Abra mine, where it owns a 49% stake alongside Freeport-McMoRan, as a promising project for future investment. Freeport plans to invest US$7.5 billion to expand the mine.

With demand rising and supply growing slowly, many analysts believe copper prices could remain strong for years to come.

Why Global Copper Supply Is Falling Behind

While demand keeps growing, copper supply is not rising as fast.

Many of the world’s largest copper mines are getting older. As ore grades fall, companies must process more rock to produce the same amount of copper. That increases both costs and energy use.

New mines also take a long time to build. According to the IEA, developing a new copper mine can take 15 to 20 years from discovery to production. Permitting, financing, and environmental reviews all add time to the process.

copper supply forecast IEA

The International Copper Study Group (ICSG) expects global mine production to increase over the next few years. However, many analysts believe that growth will still fall short of future demand because of project delays, lower ore grades, and rising costs.

Copper Is Becoming a Critical Net-Zero Metal

Copper is now at the center of the clean energy transition.

The IEA estimates that clean energy technologies could account for almost half of global copper demand by 2040 under a pathway that reaches net-zero emissions by 2050. That includes electric vehicles, renewable power, battery storage, electricity networks, and hydrogen projects.

Power grids will need the biggest investment. The World Bank estimates that global electricity networks must expand rapidly to support cleaner energy and growing electricity demand. Every new transmission line, transformer, and substation requires large amounts of copper.

The rapid growth of AI is adding another layer of demand. New data centers require huge amounts of electrical equipment before they can even begin operating. As more countries build AI infrastructure, copper demand is expected to remain strong.

High Prices Are Sparking New Mining Investment

Strong copper prices may also encourage companies to invest in new projects. The challenge is timing.

Even if companies approve new projects today, many will not begin producing copper until the next decade. That means supply could remain tight while demand continues to grow.

According to S&P Global, global copper demand could nearly double, from 28 million metric tons a year in 2025 to 42 million metric tons by 2040. This is driven mainly by electrification, clean energy, AI, and digital technologies. Meeting that demand will require major investment across the mining sector.

copper demand by sector 2040 S&P Global

Copper’s Bull Run Faces New Tests

Copper’s long-term outlook remains positive, but risks still exist. A weaker global economy could reduce industrial demand in the short term. Trade tensions and changing government policies may also create periods of price volatility.

However, most market analysts expect the long-term trend to remain strong because the world cannot expand clean energy without more copper.

Chile’s latest forecast reflects that reality. Even as economic growth slows, the country expects copper prices to stay well above historical levels because demand continues to outpace supply.

As countries build more renewable power, modernize electricity grids, expand AI infrastructure, and produce more electric vehicles, demand for copper is likely to remain strong for many years. That is why many analysts believe today’s high prices may be part of a much longer market cycle rather than a short-term rally.

Austin-Based SuperCritical Materials Wins DOE License to Turn Seawater Into a New Source of Uranium

Saptakee S
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0
Austin-Based SuperCritical Materials Wins DOE License to Turn Seawater Into a New Source of Uranium

The race for uranium supplies is changing. The U.S. is expanding nuclear power to meet rising electricity demand. Companies are now exploring new fuel sources beyond traditional mining.

Austin-based SuperCritical Materials has secured an exclusive license from the U.S. Department of Energy (DOE). Their goal is to commercialize a patented technology that extracts uranium from seawater. The company believes this breakthrough will enhance domestic nuclear fuel security and lessen reliance on foreign uranium, especially as advanced reactors near large-scale deployment.

This technology was developed by the DOE’s Office of Nuclear Energy, with research led by Pacific Northwest National Laboratory (PNNL). After years of lab work, SuperCritical now has exclusive rights to manufacture and use this process in the U.S. before expanding to allied nations.

A Growing Need for Domestic Uranium

The DOE license comes as the U.S. works to rebuild its uranium industry after years of relying on imports.

  • The EIA reports that U.S. uranium concentrate (U₃O₈) production reached 1.04 million pounds in the first quarter of 2026.
  • It’s a slight 0.4% decline from 1.04 million pounds produced in the fourth quarter of 2025.

DOMESTIC URANIUM

But, despite the small quarterly dip, domestic uranium production remains significantly higher than it was just a few years ago. Thus, while U.S. output remains below reactor demand, production is rising from historic lows, reflecting new investments in the nuclear fuel supply chain.

Despite this recovery, the U.S. still imports much of the uranium for its reactors. As nuclear generation grows and advanced reactors need new fuel types like HALEU, experts expect more domestic production capacity will be necessary. Technologies like seawater extraction could eventually complement traditional sources if they become commercially viable.

What Is Seawater Uranium Mining

Uranium fuels nuclear reactors, but mining alone may not meet future needs.

  • The company revealed that the world’s oceans hold about 4.5 billion metric tons of dissolved uranium, over 1,000 times more than known land reserves. While the concentration is low, the ocean’s vastness makes seawater a significant untapped resource.

SuperCritical believes advances in chemistry and materials science could enable the economic recovery of some of this uranium. They also aim to extract other important minerals.

The company states its technology could be vital in the nuclear fuel supply chain. This would support utilities, reactor developers, and governments seeking long-term fuel security.

How the Technology Works

Instead of mining, the patented process captures dissolved uranium from seawater using specially treated acrylic fibers.

Here’s how it works:

  • Acrylic fibers with proprietary materials are immersed in seawater.
  • The fibers attract uranium and other dissolved metals through chemical reactions.
  • Once saturated, the fibers are removed and placed in a solution that separates the metals.
  • The fibers are treated and reused.

SuperCritical notes the system can run continuously due to the reusable fibers. The process is also environmentally friendly and requires less complex permitting than offshore oil and gas projects.

For early commercial operations, the recovered uranium concentrate, or yellowcake, could be processed at existing facilities in Texas. This avoids the need for new plants.

Here’s a picture of the setup

seawater uranium mining
Source: SuperCritical

The technology may also increase supplies of other strategic minerals.

The U.S. government lists about 50 minerals and elements as critical to national security and economic competitiveness. The U.S. relies heavily on imports for many of these materials, while China dominates global production of rare earth elements.

domestic critical minerals usa
Source: SuperCriticals

The company claims its process could recover 23 important metals dissolved in seawater along with uranium. While commercial recovery rates need testing on an industrial scale, the company believes the technology could help diversify mineral supply chains.

This effort aligns with recent federal initiatives to boost domestic mineral production, strengthen the nuclear industry, and expand access to offshore resources.

Supporting America’s Growing Nuclear Ambitions

The DOE license arrives as the U.S. aims to grow nuclear power to meet rising electricity demand from AI, advanced manufacturing, data centers, and electrification.

USA nuclear
Source: EIA

SuperCritical reports that policymakers are shifting from building reactors to securing the fuel they need.

As advanced reactor deployment speeds up, pressure rises across all stages of the nuclear fuel cycle, including:

  • Uranium production
  • Conversion
  • Enrichment
  • High-Assay Low-Enriched Uranium (HALEU) production
  • Fuel fabrication

The company warns these upstream challenges could pose major issues for the nuclear industry’s future.

Building the “Fuel Layer” of the Intelligence Economy

SuperCritical sees itself as building the “fuel layer” of the emerging Intelligence Economy—an economy driven by AI, robotics, and advanced computing. Just as coal fueled the Industrial Revolution, abundant nuclear energy could power the next economic wave.

Alexander Canon Bryan, Founder and Chief Executive Officer of SuperCritical Materials, noted:

“Our objective is straightforward. If the Intelligence Economy requires abundant, reliable nuclear energy, then it will also require abundant, reliable nuclear fuel. SuperCritical is building the infrastructure needed to help supply that fuel. We are proud to advance technology developed by the U.S. Department of Energy and contribute to strengthening America’s energy security, industrial competitiveness, and technological leadership.”

Looking Ahead

SuperCritical believes unconventional fuel sources are vital for meeting this demand. The company plans to commercialize DOE-developed technology. This will allow them to convert seawater into a sustainable uranium source and strengthen the U.S. nuclear fuel supply chain.

Though challenges remain, the DOE license marks an important milestone. If the technology succeeds in industrial use, it could provide the U.S. and its allies with a secure source of uranium and critical minerals for decades.

Google Backs One of America’s Largest Solar Projects to Power AI and Cut Emissions

Jennifer L
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Google Backs One of America’s Largest Solar Projects to Power AI and Cut Emissions

Google is making one of its biggest renewable energy investments yet as it works to balance the rising electricity needs of artificial intelligence (AI) with its ambitious climate goals.

The company will buy all the initial output from the Steel River Energy Center in Arkansas. This project is one of the largest solar-plus-storage developments in the U.S. It will help offset emissions from Google’s growing electricity use while supporting a cleaner U.S. power grid.

The tech giant stated in its publication:

“Steel River is a game-changer because it pairs massive solar arrays with advanced battery storage systems. This project can store the sun’s peak daytime output and feed it back into the grid exactly when it’s needed most, growing a more reliable, resilient grid that can meet rising electricity demand while keeping power affordable for everyone.”

AI Is Driving a New Wave of Renewable Energy Investment

The move comes at a time when Google’s latest Environmental Report shows that its greenhouse gas emissions have continued to rise due to AI and cloud computing expansion.

Electricity use alone jumped 37% in 2025. This makes it harder for the company to meet its target of operating on 24/7 carbon-free energy by 2030 and reaching net-zero emissions across its operations and value chain.

Google ghg emissions 2019 to 2025
Source: Google

Artificial intelligence is changing how technology companies buy electricity. Training and running AI models require enormous computing power. That has led Google, Microsoft, Amazon, and Meta to rapidly expand their data center networks, pushing electricity demand to record levels.

The U.S. Energy Information Administration (EIA) says that total electricity demand in the U.S. might grow by 25% to 50% by 2050. This increase will mainly come from data centers, electrification, and industrial growth. Meeting that demand without increasing fossil fuel use will require massive investment in renewable energy and energy storage.

The tech giant has acknowledged this challenge. In its 2026 Environmental Report, the company stated that AI is challenging its climate goals. This is because advanced computing needs significantly more electricity than standard digital services. Even with major improvements in data center efficiency, overall power consumption continues to rise as AI workloads expand.

Rather than slowing its AI investments, Google is increasing its renewable energy purchases to keep pace with demand.

One of America’s Largest Solar Projects

The Steel River Energy Center represents the scale of renewable infrastructure that large technology companies now require.

Google solar project

The project in Mississippi County, Arkansas, will provide 1.6 gigawatts (GW) of solar power and 2 gigawatt-hours (GWh) of battery storage. It is set to start operations in 2029. That is enough electricity to power more than 315,000 U.S. homes each year.

When finished, Steel River will have about 2.5 GW of solar power and 2.9 GWh of battery storage. This will make it one of the biggest solar and battery projects in the country.

Google signed a long-term virtual power purchase agreement (VPPA) for the project’s entire initial output. Under this model, Google does not directly receive the electricity. Instead, the agreement provides stable long-term revenue that helps finance construction while adding new renewable power to the regional electricity grid.

These agreements have become one of the main ways large companies accelerate renewable energy development. They lower the financial risk for developers. This makes it easier to get funding for projects that might otherwise face challenges.

A Stronger U.S. Clean Energy Supply Chain

The Steel River project is also designed to strengthen U.S. clean energy manufacturing. Most of the project’s key components will come from domestic suppliers:

  • First Solar will provide solar panels made entirely with U.S.-sourced materials,
  • Steel will be produced in Arkansas, and
  • Battery systems will come from LG Energy Solution’s factory in Arizona.

The domestic supply chain has become increasingly important as U.S. policy encourages developers to reduce reliance on Chinese equipment. The International Energy Agency (IEA) estimates China controls about 85% of global solar manufacturing capacity and produces more than 80% of the world’s battery output in 2025.

Using more U.S.-made equipment can also help projects qualify for valuable federal tax incentives. As a result, large renewable energy developments like Steel River are not only adding clean power. They are also supporting domestic manufacturing and strengthening America’s energy supply chain.

Google Expands Clean Energy to Match AI Growth

The Arkansas project is part of a much broader strategy. Google keeps investing in solar, wind, geothermal energy, and long-duration storage. It aims to provide carbon-free electricity for its operations 24/7.

The company says that simply buying renewable electricity is no longer enough. It is now focusing on building cleaner and more reliable electricity systems in the regions where its data centers operate.

That strategy is becoming increasingly important. According to BloombergNEF, Google, Microsoft, Amazon, and Meta accounted for 49% of all corporate clean energy purchase agreements signed worldwide in 2025. Few industries are investing in renewable electricity at the same pace as the world’s largest AI companies.

Google’s latest solar deal reflects that shift. The company is financing large-scale renewable energy projects. This supports AI growth and helps to cut emissions over time.

Google clean energy portfolio
Source: Google

Can the Power Grid Keep Up With AI?

Google is not alone in facing rising electricity demand. The rapid growth of AI is reshaping the U.S. power sector. Data centers could become one of the country’s biggest new electricity users over the next decade.

According to the International Energy Agency (IEA), electricity use by data centers worldwide is projected to more than double by 2030, reaching about 945 terawatt-hours (TWh) each year. That is slightly more electricity than Japan uses today. AI-optimized data centers are expected to account for most of that increase.

The trend is already changing investment decisions. The U.S. EIA expects utilities to add a record 86 gigawatts (GW) of new utility-scale electricity capacity in 2026.

eia solar uS
Source: U.S. EIA

About 68 GW, or almost 80%, will come from solar power (43.4 GW) and battery storage (24.3 GW). Together, they represent the largest share of the new generation added to the U.S. grid.

Battery storage is becoming just as important as solar. Large batteries store excess electricity during the day and release it when demand peaks or the sun goes down. This helps stabilize the grid and reduces the need for fossil fuel power plants during periods of high electricity demand.

For technology companies that operate around the clock, combining solar with battery storage provides a more reliable source of clean electricity than solar alone. It also supports Google’s goal of supplying its operations with 24/7 carbon-free energy while meeting the growing power needs of AI.

Building the Grid for the AI Era

While Google still faces a difficult path toward its climate goals, the company is investing in advanced technologies that support its goal of running on carbon-free electricity all day, every day.

The Steel River project highlights a broader shift taking place across the energy sector. Projects that combine large-scale solar generation with battery storage can add clean electricity to the grid while improving reliability. They also reduce the need for new fossil fuel generation during periods of rising demand.

For Google, this investment is about more than buying renewable power. It is helping build the energy infrastructure needed to support the next generation of AI while limiting the environmental impact of that growth.

As electricity demand continues to climb, similar projects are likely to become more common. The companies that can expand clean energy alongside digital infrastructure will be better positioned to meet both business growth and climate goals in the years ahead.

Aditya Birla Renewables Buys Shell’s Sprng Energy Business in India for $1.8 Billion

Saptakee S
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Aditya Birla Renewables Buys Shell’s Sprng Energy Business in India for $1.8 Billion

Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc, has signed an agreement to sell 100% of Solenergi Power Private Limited, including the Sprng Energy group of companies, to India’s Aditya Birla Renewables Limited (ABRen). It marks another significant investment in India’s rapidly expanding renewable sector.

The transaction reflects Shell’s strategy to reshape its global power business while strengthening Aditya Birla Group’s position as a leading renewable energy developer in one of the world’s fastest-growing electricity markets.

Machteld de Haan, President, Downstream, Renewables and Energy Solutions at Shell, said:

“This agreement reflects Shell’s continued focus on adjusting the portfolio in our power business. “We are high-grading our power portfolio and recycling capital in service of our asset-backed trading strategy outlined in Capital Markets Day 2025. This is another step in building a more focused, competitive and resilient business while improving returns year on year towards 2030.”

Shell to Sell Entire Sprng Energy Business

As per the press release, the deal, valued at $1.8 billion, is expected to close by the end of 2026, subject to regulatory approvals and customary closing conditions. The final purchase price will be adjusted for factors such as net debt and capital expenditure at closing.

The sale includes all of Sprng Energy’s physical renewable energy assets and its commercial contracts.

Sprng Energy has built one of India’s largest independent renewable power portfolios. The company currently owns 5.0 gigawatts-peak (GWp) of renewable energy projects. It includes 3.3 GWp of operating solar and wind assets and another 1.7 GWp under contract or development. These projects primarily supply clean electricity to state electricity distribution companies across India.

     Sprng Energy Portfolio

shell sprng energy
Source: Sprng Energy

Why Shell Is Selling

The sale is part of Shell’s broader strategy to streamline its global power business.

During its Capital Markets Day in 2025, Shell announced that it would focus more on an asset-backed power trading strategy rather than owning large numbers of renewable generation assets. The company said it plans to improve returns by optimizing its portfolio, increasing investment in flexible power generation, and executing projects more selectively across different regions.

Shell aims to achieve approximately 10% return on average capital employed (ROACE) by 2030, making disciplined capital allocation a key priority.

Although it is selling Sprng Energy, Shell emphasized that India remains an important market. The company will continue operating its integrated liquefied natural gas (LNG) business, mobility network, and lubricants business in the country. Shell recently strengthened its Indian lubricants business through the acquisition of Raj Petro Specialities.

Aditya Birla Expands Renewable Energy Portfolio

For Aditya Birla Renewables, the acquisition significantly expands its clean energy platform.

ABRen serves as the Aditya Birla Group’s dedicated renewable energy business, with Global Infrastructure Partners (GIP), part of BlackRock, as a strategic investor. The company develops a diversified portfolio of renewable projects across India, including solar, wind, hybrid power plants, floating solar facilities, and battery energy storage systems.

The acquisition of Sprng Energy instantly adds a large portfolio of operational assets while increasing ABRen’s presence across multiple Indian states.

The company has been investing heavily in advanced renewable technologies.

  • Its solar projects use high-efficiency bifacial solar modules mounted on artificial intelligence-guided tracking systems that follow the sun throughout the day.
  • These tracking systems increase electricity generation by maximizing sunlight exposure under changing weather conditions.

Floating Solar Offers New Growth Opportunities

One area where Aditya Birla Renewables sees strong growth is floating solar.

The company has already developed its first floating solar project in Madhya Pradesh. Unlike conventional solar farms, floating solar panels are installed on lakes, reservoirs, and other water bodies.

This approach offers several advantages. First, it reduces the need for large areas of land, which can be difficult and expensive to acquire. Second, the water beneath the panels naturally cools the solar modules, helping improve their efficiency. Finally, floating solar systems reduce water evaporation, making them especially valuable in hot and water-stressed regions.

As India seeks to expand renewable energy while protecting agricultural land and conserving water resources, floating solar is expected to become an increasingly important part of the country’s clean energy mix.

Sustainability Beyond Electricity Generation

Aditya Birla Renewables is also focusing on making its operations more sustainable.

One important initiative involves reducing water consumption at solar plants. Solar panels require regular cleaning to maintain peak performance, but traditional cleaning methods can consume significant amounts of water.

The company says it has steadily reduced per-megawatt water consumption across its projects by adopting more efficient cleaning technologies. It plans to continue lowering its water footprint as more renewable projects come online.

These improvements support India’s broader efforts to make renewable energy development environmentally sustainable while minimizing pressure on natural resources.

India’s Renewable Energy Boom Continues

The acquisition comes as India continues to expand its renewable energy capacity at one of the fastest rates globally.

  • According to the Ministry of New and Renewable Energy, India’s installed renewable energy capacity reached 288.59 GW as of June 30, 2026.

Solar power accounted for 162.15 GW, representing more than half of the country’s renewable capacity. Wind energy contributed 57.44 GW, while the remainder came from small hydropower, biomass, and waste-to-energy projects.

This rapid expansion is helping India diversify its electricity supply, reduce dependence on imported fossil fuels, and improve long-term energy security.

INDIA renewable
Source: NITI Ayog

At the same time, India remains the world’s third-largest emitter of greenhouse gases due to its large population and growing economy.

Boosting Net-Zero Goals

  • According to India’s latest National Inventory Report submitted to the UN Framework Convention on Climate Change (UNFCCC), the country’s total greenhouse gas emissions were approximately 4 billion tonnes of CO₂ equivalent in 2020, excluding emissions and removals from land use, land-use change, and forestry (LULUCF).

However, India’s per capita emissions remain well below the global average, reflecting lower emissions per person than many developed economies.

The country has committed to achieving net-zero emissions by 2070 while sourcing about 50% of its installed electric power capacity from non-fossil fuel sources by 2030. Continued investment in solar, wind, battery storage, and emerging technologies such as floating solar will be essential to meeting those goals.

Shell’s sale of Sprng Energy therefore represents more than a corporate portfolio adjustment. It also demonstrates continued investor confidence in India’s renewable energy sector.

As domestic companies like Aditya Birla Renewables expand their clean energy portfolios, India is likely to remain one of the world’s most important renewable energy investment destinations over the coming decade.

SAF Takes Flight as FlyORO and Menzies Target Aviation’s Biggest Infrastructure Gap

Jennifer L
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SAF Takes Flight as FlyORO and Menzies Target Aviation’s Biggest Infrastructure Gap

FlyORO, a clean aviation tech company from Singapore, is partnering with Menzies Aviation, a leading global aviation services provider. This collaboration aims to achieve their shared goals. The two companies signed a Memorandum of Understanding (MoU) to explore using FlyORO’s modular sustainable aviation fuel (SAF) blending technology in Menzies’ global fuel network.

The agreement comes as governments tighten clean fuel rules and airlines race toward net-zero targets. While global SAF production is growing quickly, it still supplies only a small share of the fuel that the aviation sector needs.

Damian Mc Loughlin, Chief Commercial Officer, FlyORO, remarked:

“Scaling SAF is no longer just a production challenge; it is increasingly a supply chain and infrastructure one. This collaboration combines FlyORO’s TRL 9 blending technology with Menzies’ expertise, to open a more practical path for SAF to reach the airports and airlines that need it. We are proud to be working alongside Menzies to help address one of aviation’s most critical infrastructure gaps.”

SAF Supply Is Growing, But Delivery Is the Real Challenge

SAF has become one of the aviation industry’s most important tools for cutting emissions. 

The International Air Transport Association (IATA) says that SAF could provide around 65% of the emission cuts needed for aviation to hit net-zero carbon emissions by 2050. Unlike electric or hydrogen aircraft, SAF can be used in today’s aircraft with little or no modification.

SAF for net zero aviation
Source: IATA

Production is increasing, but supply remains limited.

The association estimates global SAF production reached about 2 million tonnes, or 2.5 billion liters, in 2025. That was nearly double the previous year. Even so, it represented less than 1% of global jet fuel demand, showing how much production still needs to grow.

  • IATA estimates aviation will need around 449 billion liters of SAF each year by 2050 to help reach net-zero emissions.

At the same time, airlines continue to face pressure to reduce emissions. The International Energy Agency (IEA) estimates that aviation makes up about 2.5% of global energy-related CO₂ emissions. Passenger demand could also keep rising over the coming decades, making cleaner fuels increasingly important.

FlyORO’s Alphalite: The Missing Link in Aviation’s Clean Fuel Future

Building more SAF plants is only part of the solution.

Fuel must also be blended, stored, certified, and delivered through airport fuel systems before it reaches aircraft. Many airports still lack infrastructure designed for large-scale SAF handling.

That is where FlyORO hopes to make a difference.

Its AlphaLite system allows SAF to be blended directly within existing fuel supply chains. The modular system doesn’t need big new blending facilities. It fits inside a standard 40-foot container. This allows it to work at refineries, fuel terminals, or airports.

FlyORO saf technology
Source: FlyORO

The technology is at Technology Readiness Level (TRL) 9. This means it has been tested and proven in real operating conditions. According to FlyORO, AlphaLite has already blended more than 500,000 liters of SAF during commercial operations.

This modular approach could help airports increase SAF availability while reducing upfront infrastructure costs and shortening deployment times.

FlyORO Proves Its System Works at a Real Airport⁠

FlyORO has successfully tested its fuel-mixing system AlphaLite at a real airport. In 2025, the company set up the system at Australia’s Toowoomba Wellcamp Airport alongside ⁠Boeing and Wagner Sustainable Fuels.

  • A World First: This project was the very first eco-friendly fuel blending station built right inside an airport.
  • Real-World Success: It proved that these compact, portable mixing systems work safely and effectively during normal, everyday airport operations.
  • Ready for Business: Because of this successful test, the AlphaLite system reached Technology Readiness Level 9 (TRL 9). This is an official rating showing the technology is completely finished, thoroughly tested, and ready for regular commercial use.

READ MORE: Singapore-Based FlyORO and Aether Fuels Team Up to Explore Smarter SAF Blending and Fuel Delivery Solutions

A Global Airport Network Meets New SAF Technology

FlyORO’s technology could reach a much larger market through Menzies Aviation.

Menzies is one of the world’s biggest aviation services companies. It operates at more than 347 airports across 65 countries. Each year, the company supports around 5.3 million flights. It also handles about 2.4 million tonnes of cargo. Additionally, the company employs roughly 65,000 people worldwide.

The company has also committed to achieving net-zero greenhouse gas emissions across Scope 1, 2, and relevant Scope 3 emissions by 2045. It is replacing diesel ground support equipment with electric options. It is also boosting the use of renewable electricity across its operations.

The new agreement allows the two companies to explore how FlyORO’s blending technology can help Menzies with SAF deployment at its airports worldwide.

The agreement does not guarantee immediate commercial deployment. But it connects a tech developer with a major fuel service provider at a time when airports seek practical ways to increase SAF use.

New Rules Are Driving Demand

Policy is becoming another major driver of SAF growth.

In Europe, the ReFuelEU Aviation regulation now requires fuel suppliers to blend at least 2% SAF in 2025. That requirement will increase to 6% by 2030, 20% by 2035, and 70% by 2050, with separate targets for synthetic e-fuels.

ReFuelEU saf requirement
Source: EU

Similar policies are emerging in other regions as governments seek to reduce aviation emissions while maintaining air travel growth.

As these mandates expand, airports will need reliable systems that can blend and deliver larger volumes of sustainable fuel. That creates new opportunities for technologies designed to strengthen fuel infrastructure rather than fuel production alone.

Investment Is Fueling the Global SAF Race

Investment in sustainable aviation fuel is rising around the world. According to the International Energy Agency (IEA), more than 300 SAF projects have been announced globally.

Announced SAF Facilities

Announced SAF facilities
Source: IATA; SAF technologies include Hydroprocessed Esters and Fatty Acids (HEFA), HEFA co‑processing, Gasification Fischer–Tropsch (GFT), Alcohol‑to‑Jet (AtJ), Power‑to‑Liquids (PtL), and other emerging technologies (other).

If all moves forward, production capacity could reach several million tonnes a year by the early 2030s. Governments in Europe, North America, Asia, and the Middle East are also offering grants, tax credits, and fuel mandates to speed up investment.

The market is expanding quickly. Industry analysts at SkyNRG estimate global SAF demand could exceed 17 million tonnes a year by 2030, driven mainly by new blending mandates. However, current production plans still fall short of that target. This gap highlights the need for both more fuel production and stronger airport infrastructure.

Many experts now believe that improving fuel logistics will become just as important as building new SAF plants.

Carbon Credits and SAF: A Dual Path to Lower Emissions

Carbon markets will continue to play an important role as airlines reduce emissions.

The aviation sector is part of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). This scheme was created by the International Civil Aviation Organization (ICAO).

The program asks airlines to offset extra international emissions by buying approved carbon credits. They also need to use cleaner fuels and more efficient aircraft.

SAF and carbon credits work together rather than compete. SAF reduces emissions at the source, while carbon credits help address emissions that cannot yet be eliminated. Many airlines could use both approaches as they work toward their net-zero commitments.

Depending on the feedstock and production pathway, certified SAF can reduce lifecycle greenhouse gas emissions by up to 80% compared with conventional jet fuel, according to IATA and ICAO.

As SAF becomes more common, there is a need for reliable systems to measure, blend, and track fuel volumes. This is important for compliance and voluntary climate programs.

Building the Next Stage of Aviation Decarbonization

The aviation industry has made clear that SAF will play a central role in reaching net-zero emissions. The next challenge is delivering that fuel where it is needed.

The partnership between FlyORO and Menzies Aviation reflects this shift. Instead of focusing only on producing more SAF, it aims to improve the infrastructure that connects fuel suppliers with airports and airlines.

If successful, partnerships like this could help close one of the industry’s biggest infrastructure gaps and support faster growth of the global sustainable aviation fuel market.

U.S. Biochar Industry Triples to $157 Million as Carbon Removal Market Sparks Record Growth

Jennifer L
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U.S. Biochar Industry Triples to $157 Million as Carbon Removal Market Sparks Record Growth

The U.S. biochar industry is growing fast. A new report from the American Biochar Institute (ABI), formerly U.S. Biochar Institute (USBI), estimates the industry was worth about $157 million in 2025. That is nearly three times higher than in 2023.

The growth comes as more companies buy durable carbon removal credits to meet their climate goals. It also shows rising interest in biochar as both a carbon removal tool and a way to improve soil health.

Biochar Industry Enters a New Growth Phase

The latest State of the U.S. Biochar Industry Report shows strong growth across the sector.

The report says the industry’s value reached $157 million in 2025, up from about $52 million in 2023. Annual biochar production also increased to more than 97,000 metric tonnes. At the same time, installed production capacity rose to more than 400,000 metric tonnes per year.

US biochar industry economic value 2025
Source: ABI

Today, the United States has more than 130 biochar production facilities. These plants support jobs in farming, forestry, manufacturing, engineering, and project development. Even with this growth, the report says the industry has only begun to tap its full potential.

Commercial biochar producers are also expanding quickly. The report estimates that producer revenue rose from $18.2 million in 2023 to $58.8 million in 2025. Producers expect that figure to reach about $159 million by 2027, showing confidence that demand will continue to grow.

Biochar Producer Annual Revenue
Source: ABI

Much of the recent increase came from companies earning $10 million to $50 million a year, suggesting the industry is moving beyond small pilot projects toward larger commercial operations.

The report also shows that production could grow much faster over the next two years. U.S. biochar output is projected to increase from about 151,000 metric tonnes in 2025 to more than 819,000 metric tonnes by 2027 if announced projects move forward.

While the report notes these forecasts are ambitious, they show how quickly companies expect demand for biochar and carbon credits to grow.

US biochar production
Source: ABI

Carbon Credit Demand Is Fueling the Market

Carbon markets are becoming a major source of income for biochar producers. The report found that only 6% of U.S. biochar production came from companies that earned no revenue from biochar carbon removal credits.

The largest share of production (42%) came from producers earning 11% to 20% of their revenue from carbon credits. Another 25% came from producers earning 71% to 80%, while 12% came from companies generating 31% to 40% of revenue from carbon credits.

A further 6% came from producers earning more than 90% of their revenue from carbon credits. The findings show that carbon finance is becoming a key part of many producers’ business models, although most still rely on biochar sales and other income sources.

carbon credit revenue biochar producers
Source: ABI

Demand continues to rise.

According to CDR.fyi, biochar supplied more than 90% of all durable carbon removal credits delivered worldwide in 2025. It also remained the largest source of delivered durable carbon removal by volume.

Large companies are helping drive this market. Microsoft, Google, Stripe, Shopify, JPMorgan Chase, and the Frontier buyers coalition have all signed major biochar carbon removal agreements. These long-term contracts help developers build larger facilities and increase production.

A Small Industry With Big Potential

Biochar is also one of the most mature carbon removal technologies on the market. Unlike newer methods such as direct air capture, commercial biochar plants are already operating at scale.

The technology is modular, uses widely available biomass waste, and generally costs less to deploy. These advantages have helped biochar become the leading source of delivered durable carbon removal credits.

The report identifies four main drivers behind the industry’s growth:

  • rising demand for carbon credits,
  • better use of agricultural and forestry waste,
  • growing awareness of biochar’s soil benefits, and
  • stronger interest in climate solutions that deliver both environmental and economic value.

Although the industry has grown quickly, it remains small relative to its long-term opportunity.

The USBI report says the United States produces hundreds of millions of tonnes of agricultural and forestry waste each year. Much of this material could be used to produce biochar instead of being burned or left to decay.

As demand for durable carbon removal grows, biochar is becoming an important part of the climate economy. The next step is to expand production while keeping high standards for carbon accounting, sustainable feedstocks, and environmental performance.

The market is expected to keep growing. Boston Consulting Group (BCG) estimates the global carbon removal market could reach $100 billion to $135 billion a year by 2050 if countries stay on track for net-zero emissions.

Biochar Offers More Than Carbon Removal: Helping Agriculture and Climate

Biochar creates value beyond carbon credits.

It helps store carbon for long periods while improving soil quality. Studies by the U.S. Department of Agriculture (USDA) show biochar can improve soil structure, increase water retention, and reduce nutrient losses. These benefits can help farmers improve crop yields while using resources more efficiently.

Biochar production can also reduce waste. Crop residues, forestry waste, and other biomass that might otherwise decompose or be burned can instead be turned into a useful product. This creates new income opportunities for farmers, forest owners, and rural businesses.

Because of these benefits, many experts see biochar as one of the few climate solutions that supports both emissions reductions and agricultural productivity. The global industry has seen tremendous growth in 2025, as shown below.

biochar carbon credit market 2025

Scaling Up Remains the Biggest Challenge

Despite its huge potential, the industry still faces several hurdles.

Production capacity remains much smaller than future demand. Many projects also need more financing to build commercial-scale facilities.

Moreover, the industry must maintain high standards. Buyers want carbon credits backed by strong measurement, reporting, and verification. They also expect producers to use sustainable feedstocks and protect forests and biodiversity.

Meeting these standards will help build confidence as the market expands, and when quality will become even more important. Strong standards such as Verra’s VM0044 methodology help ensure biochar credits represent real and durable carbon removal.

A Strong Outlook for the Industry

The new ABI report shows that biochar is moving into the mainstream.

Industry value has nearly tripled in just two years. Production capacity continues to grow, and more companies are investing in new facilities. At the same time, demand for high-quality carbon credits remains strong as businesses work toward net-zero targets.

The International Energy Agency (IEA) says carbon removal will be needed alongside deep emissions cuts to reach global climate goals. Biochar is well placed to help meet that need because it delivers durable carbon storage while improving soil health and making use of waste biomass.

As investment grows and production expands, biochar is likely to play a much larger role in both the U.S. carbon market and the global carbon removal industry over the next decade.

Masdar Backs World’s First 24/7 Solar and Battery Project with $6.1 Billion Investment

Saptakee S
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Masdar Backs World’s First 24/7 Solar and Battery Project with $6.1 Billion Investment

The clean energy industry has reached another major milestone. Abu Dhabi Future Energy Company (Masdar) has secured financial close for the world’s first gigascale renewable energy project capable of delivering clean electricity around the clock. The landmark project combines one of the world’s largest solar power plants with a massive battery energy storage system, proving that renewable energy can provide reliable power 24 hours a day.

The project represents a total investment of US$6.1 billion, including a US$5.1 billion financing package backed by a group of 13 leading international and local banks. The deal highlights growing investor confidence in large-scale renewable energy projects that can supply continuous electricity while reducing dependence on fossil fuels.

A New Era for Round-the-Clock Clean Energy

Renewable energy has expanded rapidly over the past decade. However, one challenge has remained—solar panels only generate electricity when the sun shines. As countries increase their use of renewable energy, storing excess electricity has become essential to ensure a stable power supply.

Masdar’s new project addresses this challenge.

Developed in partnership with the Emirates Water and Electricity Company (EWEC), the project combines:

  • 5.2 gigawatts (GW) of solar photovoltaic (PV) capacity with a 19 gigawatt-hour (GWh) battery energy storage system (BESS).
  • Together, these facilities will provide 1 GW of uninterrupted clean electricity, day and night

This makes it the largest and most advanced integrated solar-plus-storage project built to date.

The project demonstrates that renewable energy is no longer limited to producing electricity only during sunny or windy periods. Instead, large battery systems can store surplus solar power during the day and release it when demand remains high after sunset.

As electricity demand continues to grow worldwide, this model could become increasingly important for future power systems.

Strong Financial Backing

The project’s financial close also marks an important achievement for renewable energy financing.

Masdar secured a US$5.1 billion financing package from a consortium of 13 banks, while contributing US$1 billion in equity, bringing the total project investment to US$6.1 billion.

The participating lenders include:

  • Abu Dhabi Commercial Bank
  • Abu Dhabi Islamic Bank
  • BNP Paribas
  • Bank of China
  • Crédit Agricole Corporate and Investment Bank
  • Dubai Islamic Bank
  • First Abu Dhabi Bank
  • HSBC
  • KfW IPEX-Bank
  • Natixis
  • Sumitomo Mitsui Banking Corporation
  • Standard Chartered Bank
  • Société Générale

The participation of both regional and global financial institutions reflects growing confidence that large renewable energy projects with integrated storage have become commercially viable.

Unlike earlier renewable developments that depended heavily on government support, this financing shows investors increasingly view next-generation clean energy infrastructure as a stable long-term investment.

Masdar’s Solar and BESS Project Sets a New Standard

Electricity demand is growing faster than ever. Artificial intelligence, cloud computing, hyperscale data centers, electric vehicles, advanced manufacturing, and digital infrastructure are all increasing power consumption across the world.

According to the IEA, electricity demand in the Middle East grew by 3.8% in 2025, slightly faster than the 3.7% increase recorded in 2024. The UAE contributed about 12% of the region’s total demand growth.

UAE middle east electricity demand
Source: IEA

At the same time, governments are working to reduce greenhouse gas emissions and replace fossil fuel generation with cleaner alternatives. This creates a major challenge: power grids need electricity every hour of every day—not just when renewable resources are available.

Bridging the Gap

And this Large-scale battery storage helps bridge that gap. By storing excess solar electricity during daylight hours and supplying it overnight, projects like Masdar’s can improve grid reliability while reducing carbon emissions.

The Abu Dhabi project is expected to serve as a model for future renewable developments seeking to provide baseload-style clean electricity.

Apart from this, Masdar has invested in several storage technologies over the years. One of its early projects was Spain’s Gemasolar concentrated solar power facility, which became the world’s first commercial renewable plant to use molten salt thermal storage.

In 2022, the company also acquired UK-based battery storage developer Arlington Energy, with plans to expand battery storage capacity across the United Kingdom.

The Abu Dhabi project builds on those earlier investments. It is expected to serve as a model for future renewable developments seeking to provide baseload-style clean electricity.

Aligning with UAE’s Clean Energy Target 

Masdar officially broke ground on the project in October 2025, with commercial operations expected to begin in 2027. Once completed, it will become a key part of the United Arab Emirates’ clean energy strategy, supporting both energy security and economic diversification.

The project also aligns with the UAE’s long-term efforts to increase renewable energy generation while reducing dependence on conventional fuels. Currently, the country’s total installed capacity is more than 7.4 GW at the end of 2025, and 7.5 GW are under construction.

uae renewable capacity
Source: dii-desertenergy.org

Renewable Energy Ambitions 

Currently, Masdar has expanded its renewable energy portfolio significantly over the past few years.

  • Its renewable generation capacity increased from 20 GW in 2022 to more than 51 GW in 2024, spanning projects across solar, onshore wind, offshore wind, battery storage, and hybrid renewable systems.

It further plans to nearly double that figure, targeting 100 GW of renewable energy capacity by 2030 through investments across established and emerging markets.

The company says this expansion reflects its commitment to providing affordable, reliable clean electricity while supporting global decarbonization efforts.

Masdar Is Cutting Millions of Tonnes of Carbon Emissions

Beyond generating electricity, Masdar’s renewable portfolio is delivering measurable climate benefits.

In 2024, the company’s operating renewable assets displaced approximately 15.5 million tonnes of carbon dioxide annually. This demonstrates the growing role that utility-scale renewable projects can play in reducing global greenhouse gas emissions.

MASDAR EMISSION
Source: Masdar

Masdar also reports its emissions using internationally recognized Greenhouse Gas (GHG) Protocol standards. The company tracks emissions under both the equity share and financial control reporting approaches to improve transparency.

Alongside emissions reporting, Masdar continues to focus on improving energy efficiency, conserving water resources, and reducing environmental impacts across its operations.

The company is also developing a broader sustainability strategy that includes its long-term pathway toward achieving net-zero emissions, supported by renewable energy use, greater operational efficiency, and carbon reduction initiatives.

A Blueprint for Future Renewable Projects

The successful financial close sends an important message to global investors and policymakers.

Large renewable energy projects that combine solar generation with advanced battery storage are no longer experimental concepts. They are becoming commercially bankable infrastructure capable of attracting billions of dollars in private financing.

As countries seek to meet growing electricity demand while reducing emissions, similar integrated renewable projects are likely to become more common.

For Masdar, the project reinforces its position as one of the world’s leading clean energy developers. For the broader renewable energy industry, it demonstrates that reliable, 24/7 clean electricity is moving from ambition to reality.

With operations expected to begin in 2027, the Abu Dhabi project could establish a new global benchmark for utility-scale renewable energy, showing how solar power and battery storage can work together to provide dependable, low-carbon electricity every hour of every day.

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