Amazon, Microsoft invest in sustainable concrete producer

10

Toronto, Sep 19 | A Canadian cleantech company, CarbonCure Technologies, that develops carbon dioxide removal (CDR) solutions for the concrete industry has received investment from leading technology and property developers.

Amazon’s Climate Pledge Fund and Breakthrough Energy Ventures (BEV) co-led the investment syndicate comprising Microsoft, BDC Capital, 2150, Thistledown Foundation, Taronga Group and GreenSoil Investments, CarbonCure said on Thursday.

The investment represents a commitment to tackling the carbon footprint of concrete, the most abundant human-made material in the world.

Cement — the key ingredient that gives concrete its strength — is also one of the largest emitters of carbon dioxide in the built environment.

“This collaborative investment by technology and property development firms is a great endorsement of CarbonCure as the go-to carbon dioxide removal solution for the growing tech construction space and the overall shift towards low embodied carbon construction materials,” Robert Niven, CEO and Co-Founder of CarbonCure Technologies, said in a statement.

“We witnessed the tech industry setting climate change trends with their adoption of renewable energy sources like wind and solar. This investment in CDR signals a broader change for public and private infrastructure projects as industries and governments turn their focus toward the reduction of embodied carbon,” said Niven.

In 2019, Amazon co-founded the Climate Pledge, a commitment to be net-zero carbon by 2040 — 10 years ahead of the Paris Agreement date.

Amazon’s investment in CarbonCure aligns with this commitment.

“We are excited to invest in CarbonCure, a company producing stronger, more sustainable concrete, which will help Amazon and other companies meet The Climate Pledge, a commitment to be net-zero carbon by 2040,” said Kara Hurst, Vice President of Sustainability, Amazon.

“We are looking forward to lowering the carbon footprint of many of our buildings by using CarbonCure concrete, including in Amazon’s HQ2 building in Virginia.”

CarbonCure said it intends to use the capital investment to accelerate its product roadmap and geographical expansion in order to meet its goal of removing 500 million metric tonnes or 500 Mt of carbon dioxide annually from the concrete industry by 2030.

CarbonCure is already used by nearly 300 concrete producers to supply low embodied carbon concrete to construction projects.

Microsoft, another prominent tech company in CarbonCure’s investment syndicate, also has ambitious sustainability commitments.

“Achieving a net zero carbon future requires developing innovative new technologies to address carbon emissions across industries,” said Brandon Middaugh, Director of Microsoft’s Climate Innovation Fund.

“Solutions like CarbonCure help to reduce carbon emissions from the concrete industry, which is a large producer of carbon, and help us meet our goal to be carbon negative by 2030.”

Source: IANS

Sponsors Posts

Teamology Softech And Media Makes PR Affordable for SMEs In India

Teamology Softech And Media Makes PR Affordable for SMEs In India

Don’t have enough funds to spend on your business or do u have very limited amount of money for your business PR? No worries when Teamology make affordable PR for your business and brand. Teamology Softech And Media Services Pvt Ltd are a high term Digital PR, Information Technology, Digital Marketing and Brand Consulting firm in India.

How to transform your small business into a big business?

Every startups face many challenges, but none as uncertain or life-threatening as the struggle to remain cash positive. In enhancement, new companies have to pay thousands a month in team salaries, office-leasing fees, raw materials, and other continuous operational costs all while struggling to secure enough funds to stay afloat.

Mr. Gulrez Alam, a young entrepreneur and Managing Director at Teamology Softech and Media Services Pvt. Ltd. He is also a co-founder of Sarkarinaukriind.com a leading educational Sarkari Naukri Information portal in India shares his experience where he felt extremely helpless to promote his own site sarkarinaukriind.com as it’s not possible for young entrepreneurs to invest huge amount in their PR activities for SMEs.  Caught in this dire financial balancing act, most entrepreneurs end up abandoning investments they come to view as unnecessary, such as marketing and advertising. Yet the cruel irony is that neglecting marketing altogether smothers a business’s growth, leaving it less revenue to collect and forcing it into an even more definitive budget.

So after his personal experience where he wasn’t able to do his PR and advertisement of the webportal.  Mr. Gulrez Alam along with Mr. Badshah Ansari who is now a technical director of Teamology softech and Media services Pvt.Ltd  decided to startup a business venture where their company Teamology Softech and Media Services Pvt. Ltd  provides offer of  100% Guaranteed Digital PR over the world. They are also running ads and manage social media account of many happy clients. They Boost your social media Engagement apparently. They have a dedicated team who are expert In SEO Services.

The teamology Providing Backlink, Page Optimization, Schema Markup, On-Page SEO, Off-Page SEO, and many more. They also Offers Website and App Development Services. Custom Web development, Design according to SEO Algorithm. Teamology has a Team of Experts Writer, who writes the article for many reputed organizations like Forbes, Entrepreneur, Buzzfeed, and many Indian news websites.

Teamology Team consists of more than 30 Marketers, Writers, and Managers. The Main Motto of Teamology is to provide best PR service and also sssured that client’s project would deliver on time. Teamology  Supports Small and medium Startups to provide excellent service at the best price. Teamology has joined the gap between startups, SMEs, individuals, and mainstream media affordable to every enterprise. it included mainstream media in the press announcement field. Teamology have directly affiliated with 100+ online news channels in linguistics.

At present Teamology has 160+ clients, their have 100+ publications in total and approximately 10k satisfied and happy clients.  Their Mission is to helps in Branding, Digital Marketing, E-Commerce, and Design to grow Startups & Brands to meet Consumer’s needs and develop world-class skills & abilities. According to the founder of Teamology, Their  main goal is to help customers return on their investment, improve their operational performance, deliver their products and services more effectively & efficiently, and grow their businesses in existing & new markets.

They help By engaging with the customers and their teams to strengthen digital marketing, E-Commerce, and brand management skills to build a consumer-centric design.

LEAVE A REPLY

Please enter your comment!
Please enter your name here