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Goldman Sachs invests $250 million in novel compressed air storage

Canary Media: An iconoclastic Canadian startup just raised a landmark investment from Goldman Sachs to build massive storage for clean energy. Hydrostor stores surplus electricity by compressing air into underground caverns. It updates a long-standing technology that never took off for electrical storage. Hydrostor thinks the tweaks it has made will allow underground storage to […]

January 11, 2022 Read More →

Keystone XL developer plans switch to renewables to operate pipelines

Reuters: Canadian pipeline operator TC Energy Corp (TRP.TO) could spend billions of dollars on its plans to lower emissions by switching to renewable energy to run its huge network of U.S. and Canadian oil and gas pipelines. Calgary-based TC Energy, which ships oil and gas through nearly 100,000 kilometres (62,140 miles) of pipelines, one of […]

July 30, 2021 Read More →

Brookfield, TPG have $12.4 billion combined for climate investments

S&P Global Market Intelligence ($): Investors on July 27 said they have raised a combined $12.4 billion in initial commitments for two separate funds that will finance efforts to limit climate change. Brookfield Asset Management Inc. said it secured $7 billion for its Brookfield Global Transition Fund, and TPG Capital LP announced a first close […]

July 28, 2021 Read More →