Tesla’s mega battery saves Australia $40 million in its first year
The 100-megawatt Hornsdale Power Reserve, which was designed by Tesla, has saved over $40 million AUD in annual maintenance costs to the electrical grid.
Business
This archive collects stories about businesses — from startups and local enterprises to multinational corporations — taking meaningful action on social, environmental, and economic challenges. These reports highlight moments when commerce and accountability intersect in constructive ways.
Volkswagen will launch its last gas-powered cars in 2026
Volkswagen’s strategy chief, Michael Jost, told attendees at the Handelsblatt automotive summit conference on Tuesday that the company will launch its last generation of gas-powered cars in 2026.
Shell becomes first energy company to link executive pay to carbon emissions
Royal Dutch Shell caved in to growing investor pressure over climate change, setting out plans to introduce industry-leading carbon emissions targets linked to executive pay.
Enel plans to invest €10.6 billion in 11.6 GW of renewable energy
Italian energy giant Enel has announced its Strategic Plan for the next three years, which includes plans to invest €10.6 billion in new renewable energy capacity with plans to create an additional 11.6 gigawatts (GW).
Plastic waste elimination pledge by 2025 attracts 250+ big firms
Some 250 big organisations have now pledged to eradicate plastic waste by 2025, including Coca Cola, H&M and L’Oreal, up from 40 in April.
Amazon signs deal for 100% renewable electricity in their U.K. buildings
The solar panels are expected to generate the equivalent amount of electricity required to power over 4,500 U.K. homes and will reduce the company’s carbon footprint by 6,000 tonnes of CO2 annually.
The first Hyperloop passenger capsule is unveiled in Spain
A feasibility analysis by the US Department of Transportation (DOT) estimates that Hyperloop routes could be up to six times more energy efficient than air travel on short routes, and over three times faster than the world’s fastest high-speed rail system.
World’s first hydrogen-electric passenger plane to take off in 2025
Designed to fly up to four passengers for distances between 500km to 5,000km, the Element One is described as a quiet, ultra-light, zero carbon aircraft “several orders of magnitude better” than battery-electric aircrafts.
Amazon agrees to $15 an hour for warehouse workers
Amazon will begin paying hundreds of thousands of warehouse workers a minimum wage of $15 per hour, the company said Tuesday, following criticism from lawmakers that some employees at one of the country’s wealthiest companies are dependent on public assistance.
U.K. grocers pledge to halve food waste from ‘farm to fork’ by 2030
Eighty-nine early signatories, including the U.K.’s biggest supermarkets as well as food producers, manufacturers and restaurant chains, have committed to halving their food waste from “farm to fork” by 2030.