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Next Hydrogen secures new funding, aims for TSX listing

3 years ago

Mississauga-based Next Hydrogen oversubscribed on its latest round of private equity financing, and is moving forward with its plan to list on the Toronto Stock Exchange. The firm has multiple patents for its redesigned alkaline electrolysers, which create green hydrogen.

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Mina Zarabian, CEO of Carbonova Corp, which she co-founded with Pedro Pereira Almao, have hit upon a way to use carbon dioxide to construct carbon nanofibres — a multi-purpose material that is lighter, stronger and more flexible than steel.

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Canadian colleges and universities are starting to dream big about sustainability. Curriculum renewal, low-carbon buildings, fossil fuel divestment and increased multi-institution collaboration top a growing list of commitments by Canadian post-secondary institutions. However, is it enough given the climate emergency?

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British Columbia Investment Management Corp. will commit $5 billion to sustainability bonds and cut carbon exposure in its stock-market holdings by a third by 2025 in the latest move by a major investor to deal with the financial risks of climate change.

Energy Profiles

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The Rocky Mountain Institute (RMI)’s report titled “Zero-Carbon Targeted Integrated Energy Planning: An Innovative District-level Pathway to Support Carbon-Neutrality by 2060” proposes theoretical frameworks, methodologies and application scenarios for district-level urban planning for development zones with zero-carbon goals.

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Blame is being assigned at warp speed for the massive power outages in Texas, but the most basic danger isn’t being discussed: Big grids by their nature are prone to big failures despite the benefit of delivering power to many people.

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The largest U.S. oil refiners released tonnes of air pollutants into the skies over Texas last week, according to figures provided to the state, as one environmental crisis triggered another as refiners and petrochemical plants scrambled to shut production.

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As the U.S. formally rejoins the Paris Agreement, Ceres joined other organizations across the U.S. in launching America Is All In, a new network of U.S. communities, businesses and institutions committed to upholding the federal government’s commitment to climate action.

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The move away from the internal combustion engine has kicked into even higher gear with the Biden Administration’s move to electrify the U.S. government’s fleet and General Motors’ announced phase-out of gas and diesel engines by 2035.

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The climate benefits of hydrogen are highly dependent on how it is produced. The carbon intensity associated with hydrogen ranges from extremely low when it’s made with renewable electricity to very high when it’s derived from fossil fuels.

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Port Hawkesbury Paper is developing a wind farm project that could be the largest in Nova Scotia. Development of the project started three years ago and the current plan is to install 28 towers that could each support a four-megawatt turbine.

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According to architect Mark Siddall, the Passivhaus Challenge – to see how long people who live in Passivhaus or EnerPhit (the standard for renovations) could go without turning on their heat – was a spur of the moment idea.

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From the Fairview Forest in Pointe-Claire to a wooded lot in Pierrefonds-Roxboro, the battle to preserve green spaces is heating up in the West Island. The question period in Pointe-Claire was dominated by citizen queries about preserving the Fairview forest.

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Quebec’s Legault government implementing legislation to facilitate the inclusion of environmental criteria in municipal calls for tenders is touted as a way to make public contracts greener that will also give Quebec companies a boost the awarding public contracts.

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Researchers from the NYU Stern Center for Sustainable Business and Rockefeller Asset Management looked at 1,141 peer-reviewed papers and 27 meta-reviews – themselves based on roughly 1,400 studies – published between 2015 and 2020  split between those focused on corporate financial performance and those on investment performance.

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A dramatic shift in cultural norms and a growing list of intergenerational risks, such as climate change and income inequality, demand the attention of corporate directors – yet Canadian boards are trapped in the past, according to a substantive new paper.

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Alberta is planning a public consultation on coal-mining after it backtracked on a decision to revoke a policy that had protected the mountains and foothills since 1976. Experts on pollution from coal mines have issued warnings about expanding the industry.

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Two January winter storms in Western Canada caused over $134 million in insured damage. The Jan. 12-14 winter storm brought intense winds across B.C., Alberta and Saskatchewan. The Jan. 19-20 snow squalls in Alberta recorded a wind gust of 193 km/h west of Calgary.

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Western Australia’s Labor Party has announced plans to both build and install 1,000 standalone power systems – or SAPS – including solar, battery storage and hydrogen electrolysers across its grid over the coming five years, a $259 million policy package to boost green manufacturing.

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The New Zealand Merino Company (NZM) and global Merino wool apparel and footwear brands Allbirds, icebreaker and Smartwool have joined forces with 167 sheep growers to create the world’s first regenerative wool platform — representing 2.4 million acres in New Zealand.

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CaGBC’s Making the Case for Building to Zero Carbon report, a first of its kind in Canada, demonstrates that zero carbon buildings provide a positive financial return over a 25-year life-cycle inclusive of carbon pollution pricing, and require only a modest capital cost premium.

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