17 March 2022
Microsoft to build data centre region in Finland
The US technology giant recently announced that they will build a new data centre region in Helsinki. In addition, Fortum and Microsoft have announced a unique collaboration project, whereby Fortum will capture the excess heat generated by the data centre region. Microsoft’s new data centre will use 100% emission-free electricity and Fortum will transfer the clean heat from the server cooling process to homes, services and business premises connected to its district heating system. Once the new data centre region’s waste heat capture is put into operation, about 60% of the area’s heating will be generated by climate-friendly waste heat.
Agoro Carbon Alliance to split from parent company, Yara
US-based agricultural carbon offset firm Agoro Carbon Alliance on Wednesday announced it will be officially carved out from Norwegian fertiliser company Yara.
Minesto publishes year-end report 2021
For 2021, Minesto reported that revenues amounted to SEK 41.8 million and consisted mainly of capitalised work for its own account of SEK 38.7 million. The company reported an operating loss of SEK 20.1 million. The negative result is attributable to business development administration around technology development and includes, among other things, personnel costs and consultants. Cash flow amounted to SEK 45.3 million and shareholders’ equity on the balance sheet date amounted to SEK 537 million.
What we’re reading
- UK focuses on green tech as it seeks to revive shipbuilding sector (Financial Times)
- EU summit draft backs urgent refilling of gas stores for next winter (Euractiv)
- Lawmaker group asks EU to withdraw green investment label for gas (Reuters)
- Boris Johnson has few quick fixes to deliver UK energy security (FInancial Times)
About Nordic Green News
The Nordic countries are some of the most dynamic and successful economies in the world. They are also leaders in sustainability, from renewable energy, biofuels, carbon capture and storage and the hydrogen economy, circular economy business models and battery development, the Nordics are pioneers in policy design, technology development and consumer uptake. Mundus Nordic Green News is covering this transition for the international community. Every day we curate the stories of most relevance to international businesspeople and policy experts from the flow of news. Mundus Nordic Green Indices summarise the meta-data from our daily coverage to enable easy tracking of trends. We supplement these with our own opinion pieces and commentary.
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