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$52.8M funding vaults Nexus from power developer to producer
Funding vaults Nexus from developer to producer
Nexus Renewables has received $52.8 million in financing from three investors for a series of U.S. battery projects, which CEO Keith Sandor says will elevate the Toronto-headquartered renewable energy company from power developer to power producer.
Arca unveils mining partnerships for carbon capture
Vancouver-based carbon mineralization company Arca is collaborating with several global nickel producers to use its technology to permanently capture and store carbon dioxide from mine tailings. Partnerships with Vale, Poseidon Nickel, Nickel Search and Blackstone Minerals were announced.
Polystyvert's recycling facility brings 'dream' to life
Polystyvert Inc. is constructing a recycling facility in Greater Montreal, part of its plan to foster a circular economy for polystyrene, a particularly difficult-to-recycle plastic. The Montreal startup has developed a chemical-based alternative to mechanically recycling polystyrene.
EllisDon, DIALOG's hybrid timber floor begins tests
A patented hybrid timber floor system (HTFS) by EllisDon Construction and DIALOG has completed small-scale and fire testing and is now moving on to large-scale tests in Vancouver. HTFS reduces embodied carbon emissions by 25 per cent.
 | 360 Energy and Carbon Insights C-suite strategies: Leveraging internal carbon pricing for successDavid ArkellOwner, CEO, 360 Energy Inc. |
IMCO invests $530M in battery maker Northvolt
Investment Management Corp. of Ontario (IMCO) is betting $530 million on Swedish battery manufacturer Northvolt as part of the public-sector pension manager’s strategy to align a fifth of its portfolio to achieving climate-related goals alongside investment returns.
Canadian Solar to build $331M manufacturing facility
Canadian Solar is building a plant in Mesquite, Texas, near Dallas, that will manufacture five gigawatts of solar energy generation capacity annually. The $331 million project represents the Guelph-based developer’s first U.S. manufacturing facility.
Canada's first renewable diesel refinery built in B.C.
A stand-alone renewable diesel refinery has been completed in British Columbia, the first of its kind in Canada. Officials were in Prince George to celebrate the milestone for the $380-million facility run by Tidewater Renewables.
Canada puts up $4.5B for Atlantic Loop
Canada has put $4.5 billion on the table to develop the Atlantic Loop, a connected loop of Atlantic and Quebec electricity. But it may not be exactly as advertised, a spokesperson for Nova Scotia Premier Tim Houston said.
Ottawa unveils $350M fund for aerospace green tech
The federal government says it will invest nearly $350 million to support decarbonization of the aerospace industry in an announcement at the Paris Air Show on Monday. The fund is dubbed Initiative for Sustainable Aviation Technology.
Ontario’s net-zero future makes yogurt with batteries
Batteries installed at a Lactalis dairy kick in whenever there’s a micro-outage and activate when the grid is straining under peak demand. Installed through a partnership with Peak Power and Switch Power, it saves energy and wasted yogurt.
U.S. subsidies begin luring Canadian cleantech
U.S. President Joe Biden's Inflation Reduction Act is driving many Canadian clean energy startups to shift their focus and resources south of the border to capitalize on the subsidies and the related influx of activity.
The energy transition has a labor problem
Demand and government funding for renewables, electric-vehicle batteries, and other clean energy technologies are surging in the U.S. But companies driving the energy transition are running into a new impediment to scaling up: finding enough workers.
Tribal activists reject Nevada lithium mine
The Biden administration's plan to dig up lithium for electric vehicle batteries and renewable energy technology is facing resistance from local Indigenous people in Nevada. Activists cite the harm from projects that threaten wildlife, groundwater and air quality.
AGL will spend $9B in shift to renewables from coal
AGL Energy Ltd. an Australian energy company, said it would massively expand its production of clean energy as it abandons coal-fired power plants. The company will spend as much as $9 billion to build new facilities.
UN climate body head dissatisfied with Bonn talks
The head of the United Nation's climate body said he was not satisfied with the outcome of a 10-day conference in Bonn, Germany and the process was moving too slowly given the urgency of the climate crisis.
Ukraine targets initial $40B for 'Green Marshall Plan'
War-torn Ukraine is seeking up to $40 billion to fund the first part of a "Green Marshall Plan" to rebuild its economy around renewable energy, a senior Ukrainian government official told Reuters ahead of a summit this week.
Switzerland backs net-zero climate law in referendum
Almost 60 per cent of Swiss voters have backed plans to severely cut emissions by 2050 by slashing its dependence on imported oil and gas, and scaling up the development of greener, more homegrown alternatives.
Canada's boreal forests transform into savannahs
A recently published paper is part of a growing body of evidence showing how the changing climate and increased severity of wildfires are altering the makeup of North American forests. Canadian boreal forests are beginning to resemble savannahs.
Fears of hottest year on record as temperatures spike
Global temperatures have accelerated to record-setting levels this month, an ominous sign in the climate crisis ahead of a gathering El Niño that could potentially propel 2023 to become the hottest year ever recorded.
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