In Short : After reporting lower-than-expected performance this summer due to abnormally low wind speeds, renewable energy company Ørsted has lowered its earnings estimates downward. Revenue and overall profitability were impacted by the company’s inadequate generation output.
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In Short : The government’s GST 2.0 reforms, which will reduce taxes on solar, wind, and related equipment, are expected to strengthen India’s renewable energy sector. It is anticipated that this action will lower end customers’ electricity costs and make clean energy projects more economical.
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In Short : As Cummins Inc.’s green hydrogen projects gained traction, the company’s shares increased by 2.24%. With a trading volume of $0.30 billion, the stock was ranked 353rd in terms of market activity.
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In Short : In a significant step toward the state’s sustainable energy and decarbonization objectives, Accelera by Cummins has successfully delivered its largest electrolyzer system to date for a hydrogen production facility in New York.
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In Short : Although hydrogen is becoming more widely acknowledged as a key component of the global energy revolution, stable markets, expanding infrastructure, and guaranteeing affordability are necessary for long-term demand development. It takes concerted policy, funding, and innovation to go from hype to real progress.
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In Short : An increasingly important tool for funding carbon removal and decarbonization projects is insurance. Insurers are assisting in the recruitment of investors and the expansion of climate-focused projects by reducing risks associated with market volatility, technological performance, and regulatory uncertainty.
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In Short : Since the food business accounts for almost one-third of global greenhouse gas emissions, there is increasing pressure on it to decarbonize. It will take significant adjustments to distribution, packaging, processing, and agriculture methods to reach net zero.
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In Short : Recognizing their critical role in creating net-zero supply chains, global industries are stepping up efforts to decarbonize industrial processes. Businesses are investing in sustainable solutions to achieve climate targets and customer expectations, from clean energy-powered industries to green steel and cement.
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In Short : Nuclear energy issues, which range from high costs and regulatory barriers to waste management issues, could cause delays in the European Union’s ambitious climate ambitions.
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In Short : Concerns have been raised by Kerala’s proposed draft solar laws that more stringent standards would deter rooftop solar adoption and increase consumer installation and operating expenses.
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