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Hitachi Energy invests $140M to upgrade Quebec transformer facility

6 months ago

Hitachi invests $140M to upgrade Que. transformer facility

Hitachi Energy is investing $140 million to upgrade its power transformer facility in Varennes, Que. in order to meet accelerating demand for sustainable energy in the province and across North America.

Next Hydrogen marks progress on hydrolyzer after demos

Mississauga, Ont.-based electrolyzer designer and maker Next Hydrogen Solutions Inc. (NXH-X) has reached an energy efficiency milestone for its technology after several product trials, the company summarized in its Q1 financial results.

U of T home to Canada's largest Passive House building

The Harmony Commons Student Residence developed by Fengate Asset Management for the University of Toronto Scarborough campus has been certified as Canada’s largest Passive House Classic structure. 

Patriot, Albemarle end downstream lithium collaboration

Lithium exploration company Patriot Battery Metals (PMET-T) will no longer pursue a downstream lithium processing partnership with shareholder Albemarle. Patriot, which owns the Quebec Corvette property, said the nine-month memorandum of understanding with Albemarle concluded without extension.

PyroGenesis announces first quarter results

Montreal-based PyroGenesis Canada Inc. (PYR-T) has released financial and operational results for Q1. Highlights include revenue of $3.5 million, up 34.5 per cent vs. Q1 2023, marking the third-best Q1 revenue in the company's history.

Northland Power reports Q1 results

Toronto-based Northland Power Inc. (NPI-T) reported improved first quarter earnings and revenues as its performance was fuelled by better wind conditions and new capacity coming online. It closed Q1 with a net attributable profit of $75.6 million.

Aduro HCT test raises recyclability of crosslinked polymers

In March, Aduro Clean Technologies (ACT-CN) engaged with a building materials manufacturing company to investigate the fate of crosslinked polymers using its Hydrochemolytic Technology (HCT). The tests yielded up to 84 per cent of lower-molecular-weight hydrocarbons, increasing their recyclability.

Waterloo startup’s breakthrough for sustainable packaging

Investors have put $8.2 million into Nfinite Nanotech, a nanotechnology startup out of the University of Waterloo, that has developed an ultra-thin, flexible, clear and sustainable alternative to current food packaging.

Stellantis bets on EV boost from China to keep grip on Europe

Starting in September, Stellantis plans to offer electric vehicles (EVs) co-developed with China’s Leapmotor in nine European countries, less than a year after the two companies announced an unprecedented deal to build and sell the cars outside China.

Small Chinese EV poses big threat to U.S. auto industry

The Seagull, launched last year by Chinese automaker BYD, sells for around $22,400 in China, but drives well and is put together with craftsmanship that rivals U.S. EVs that cost three times as much. 

Biden hikes tariffs on Chinese EVs, solar cells, steel

U.S. President Joe Biden slapped new tariffs on Chinese EVs, batteries, solar cells, steel, aluminum and medical equipment on Tuesday. Biden said Chinese government subsidies ensure the nation's companies don’t have to turn a profit, giving them an unfair advantage.

The man who made the Bricklin is back — with an EV

Automotive wheeler-dealer Malcolm Bricklin took Canada by storm in the '70s, but ultimately failed. Now, he hopes his unique electric two-seater — with signature gull wings and a price tag of approximately $53,000 — will rewrite history.

Aon unveils industry-first insurance for carbon capture

Global insurance leader Aon has launched a new insurance product specifically designed for companies involved in carbon capture and storage (CCS) on an international scale, with the goal of mitigating the key risks associated with CCS projects.

Microsoft’s AI push imperils climate goal

Microsoft's (MSFT-Q) relentless push to be the global leader in artificial intelligence is putting its climate goal in peril. Its total planet-warming impact is about 30 per cent higher today than in 2020, according to its latest sustainability report.

Federal govt. to support net-zero building in Clayoquot Sound

B.C.'s Clayoquot Sound Biosphere Centre will provide several First Nations with a shared space to collaborate. Construction will be funded with over $7.1 million from the federal government, the Clayoquot Biosphere Trust Society, and other contributions.

Hydro-Québec releases Mission 2035: The Energy Mix Game

Hydro-Québec is launching Mission 2035, an online game allowing users to simulate an energy mix to meet Québec's 9,000-megawatt increase in capacity needs by 2035. Players will be able to see how their choices impact emissions, costs and reliability.

Canada is slouching toward the end of the world

OPINION: Climate scientists have been clear: the only real hope of avoiding climate disaster lies in dramatically ramping up the transition to clean energy by building new wind and solar farms at breakneck speed. But this isn’t happening.

Funds calling themselves ‘ESG’ face new restrictions in Europe

An investment product with ESG — or equivalent terms — in its name will need to place at least 80 per cent of its assets under management in something related to ESG objectives, according to long-awaited guidelines by the European Securities and Markets Authority.

There's a simple solution to make wine more sustainable: sheep

While some wineries have turned to artificial intelligence to deal with the industry's ebbs and flows, Whitehall Lane Winery in California's Napa Valley hopes sheep and bluegrass can get the job done.

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