Renewable energy news and archive

H&M Group invests in Rondo Energy to further strengthen their climate strategy

Swedish fashion giant H&M Group is partnering with Rondo Energy, a leading provider of zero-carbon industrial heat and power, to research the potential of applying heat storage technologies in its supply chain. In addition, H&M is also investing in Rondo and joining its strategic investor advisory board (SIAB) to further assist Rondo in...

Business

The industry's slow shift to renewable energy in manufacturing countries

As one of the most significant contributors to global carbon emissions and environmental deterioration, it comes as little surprise that some of the fashion industry's largest players are investing in new initiatives to reduce their impact. With several companies adjusting their sustainability strategies to include net-zero carbon emissions,...

Business

Tapestry, Inc. teams up with Pivot Energy to develop solar projects

Renewable energy provider Pivot Energy is teaming up with Tapestry, Inc. fashion brands Coach, Kate Spade, and Stuart Weitzman to develop six community solar projects in Illinois to enable 33 Megawatts of solar energy. Tapestry has committed to purchasing 15 years of Impact Renewable Energy Credits (RECs) produced by the projects, which will...

BusinessFeatured

H&M Group and Bestseller to build Bangladesh's first offshore wind project

Fashion titans H&M Group and Bestseller have joined forces with the Global Fashion Agenda (GFA) to develop the first offshore wind project in Bangladesh to help streamline the sector's transition to renewable energy. Pledging to invest up to 100 million US dollars towards this new collaborative effort, announced at COP28 on December 5, the...

Business

LanzaTech receives multi-million dollar investment for carbon capture projects

LanzaTech, a company dedicated to turning waste carbon into materials, has announced a new funding partnership with Brookfield Renewable. The initial 500 million dollar investment will go towards the co-development and construction of new commercial-scale production plants which will employ LanzaTech’s Carbon Capture and Transformation (CCT)...

Business

Yoga practitioners join in call urging Lululemon to cut use of fossil fuels

Over 1,600 international yoga practitioners have joined in signing an open letter to Lululemon requesting for the athleisure company to transition to renewable energy. In a release, the group noted that nearly half of Lululemon’s energy comes from factories powered by burning coal, which it added is ultimately harmful to people and the...

Business

Lenzing Group signs deal to finance solar panel plant

The Lenzing Group, a provider in wood-based fibres, has announced that it has signed onto an electricity supply contract with green power producer Enery and Energie Steiermark which will see it finance the development of a solar panel plant. With construction set to commence this autumn in Austria’s Deutschlandsberg region, the plant will supply...

Retail

Tendam to use renewable energy across Spanish stores and operations

Spanish fashion retailer Tendam has announced that in 2020 it will begin using entirely renewable energy supplied by energy company Endesa across its Spanish store network and operating facilities. The retailer, which owns brands the Cortefiel, Pedro del Hierro, Springfield, Women’secret, Fifty brands, and Hoss Intropia, operates almost 800...