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Ontario backs 7 battery storage projects, natural gas infra

1 year ago

IESO backs 7 battery storage projects, natural gas infra

Ontario’s Independent Electricity System Operator (IESO) has unveiled its largest procurement of battery energy storage projects to date and a new investment into its natural gas network. The aim is to support Ontario's energy reliability during a transition period.

GeoLagon to develop net-zero geothermal villages

Four energy self-sufficient, carbon-neutral villages and geothermal lagoons are set to be built by GeoLagon Inc. across Quebec, ranging in cost from $325 million to $500 million. They will be powered largely by clean energy.

Canadian Solar reports Q1 2023 results

Canadian Solar Inc. announced financial results for the first quarter ended March 31, 2023. The company reports a 66 per cent increase in solar module shipments and a 36 per cent increase in revenue to $1.7 billion year-over-year.

CSI Energy Storage to bring 363-MWh Texas project

Canadian Solar Inc.'s subsidiary CSI Energy Storage will deliver 363 megawatt-hours (MWh) of battery energy products to an Aypa Power project in Texas. The project is expected to reach commercial operation by Q2 2024.

New wind farm would bring 12 more turbines to N.S.

A new wind farm could be coming to Hants County. If approved, the project would see up to 12 turbines erected about five kilometres southwest of Ellershouse, N.S., with the blades expected to begin turning by 2025.

Canadian regulator finalizes energy futures report

The Canada Energy Regulator may be on the verge of a breakthrough as it nears the end of a high-stakes, 18-month effort to map a net-zero pathway for the country’s energy sector.

Climate reporting requirements are coming to Canada

Climate reporting is coming for both public and private companies in Canada, but regulators are waiting to see the direction other jurisdictions take before updating Canada’s approach, Rima Ramchandani, co-head of the capital markets practice at Torys LLP, said.

Forest fires are an uncounted climate disaster

Economists and accountants right up to Canada's Parliamentary Budget Officer say the benefits of stopping climate change-caused forest fires and thus reducing the many harms it creates are simply impossible to measure for public accounting purposes.

Eastern Rockies risk becoming a carbon bomb

Oil, gas and coal extraction projects located in Canadian protected areas could unleash a potential 2.7 billion tonnes of carbon dioxide into the atmosphere, a global analysis from German-based the Leave It In the Ground Initiative found.

SAP embeds ‘green ledger’ into core apps

SAP, one of the world’s largest enterprise software companies that counts over 280 million customers, is pushing aggressively into carbon accounting and supply chain traceability with new offerings unfurled this week at its annual customer and partner conference.

Carbon removal startup lands $53M contract

Charm Industrial, a carbon removal startup with customers like Stripe and Microsoft, on Thursday disclosed a $53 million, multi-year contract with Frontier, a Stripe-managed buyers group signing up to support emerging and planned projects. 

‘Carbon neutral’ and ‘net-zero’ face crackdown

As the EU and U.K. ban carbon-neutral labels, and Canada and the U.S. overhaul their marketing watchdogs, is the Wild West era of greenwash finally coming to an end? New laws and regulations are challenging terms like 'carbon neutral.'

Biden’s got a plan for ramping up energy transmission

The White House wants Congress to pass permitting reform. In case that doesn’t work, it’s tapping Department of Energy’s authority to make it easier to build transmission lines that are needed to connect clean energy projects to the grid.

U.S. reveals winners of $2.25B carbon capture projects

The U.S. Department of Energy has opened a $2.25 billion funding program for carbon sequestration or CO2 capture and storage projects to more applicants after selecting the first batch of 9 winners with a $242-million funding round.

The fight to define clean hydrogen

The U.S.'s Inflation Reduction Act highlighted clean hydrogen’s important role in addressing climate change by offering generous incentives for the burgeoning technology. Now, the U.S. Treasury has to define what "clean hydrogen" actually means.

Vermont is moving from fuel oil to clean heat

More than half of Vermont’s households burn petroleum products to stay warm during New England’s frigid winters. A new state law could dramatically reduce that share by pushing fuel providers to deliver cleaner, cheaper sources of energy.

COP28 head pitches emissions cuts, staying on fossils

COP28 president Sultan al Jaber is under fire for a “dangerous” pitch to reduce fossil fuel emissions without reducing oil and gas production, even as countries work toward adopting a global renewable energy target at the Dubai climate summit.

Upper atmosphere cooling prompts climate concerns

A new study reaffirming that global climate change is human-made also found the upper atmosphere is cooling dramatically because of rising CO2 levels. Scientists are worried about the effect this cooling could have on the ozone layer and Earth’s weather.

Climate pledges reach under 2C threshold

The world can successfully keep global warming below 2C if every country meets every commitment made through June 2022 to slash greenhouse gas emissions, according to a new study. New pledges and actions have altered the predictions.

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