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Northleaf makes $273M investment in EVPassport

1 year ago

Northleaf makes $273M investment in EVPassport

Northleaf Capital Partners, a Toronto-based private markets investor, has made a $273-million investment into Los Angeles-based EVPassport Inc. as its first foray into the electric-vehicle charging sector. The investment is aimed at accelerating the growth of EVPassport’s platform.

H55 breaks ground at new Canadian HQ in Longueuil, Que.

Swiss aircraft electric propulsion pioneer H55 S.A. has commenced construction on its North American headquarters in Longueil, Que. through its subsidiary H55 Canada Inc. Production of the company’s electric propulsion system at the facility is to begin in 2024.

Hypercharge launches cloud-based charging solution Eevion

Vancouver-based Hypercharge Networks Corp. (HC-NE) has launched Eevion, a cloud-based software solution which can integrate electrical charging functionality into its clients' platforms, networks or systems.

Bombardier enters new EcoJet test phase

Bombardier Inc. (BBD-B-T) is entering the second phase of its EcoJet research project with test flights of an 18-foot-wide prototype. The EcoJet project aims to reduce aircraft emissions by up to 50 per cent.

Deep Sky selects Isometric as first MRV partner

Montreal-based carbon removal company Deep Sky has chosen London and New York-based carbon removal standard and registry Isometric as its first measurement, reporting and verification (MRV) protocol development partner. Isometric will work with Deep Sky improve transparency throughout the carbon removal process.

Svante, Storegga team up on carbon capture, storage projects

Vancouver-based Svante Technologies and London, U.K.'s Storegga have signed a memorandum of understanding to collaborate on carbon capture, utilization and storage projects. The pact leverages Svante’s carbon capture technology and Storegga’s expertise in transportation and storage of CO2.

Vortex partners with U of A for energy storage research

Vortex Energy and the University of Alberta will partner to advance the Robinsons River Salt Project in N.L. U of A will perform analyses aimed at designing and implementing Canada's first field trial of hydrogen storage in domal salt.

U.S. invests $9.5 billion toward hydrogen hub projects

The U.S. Department of Energy will provide $9.5 billion to initiate hydrogen production, storage and delivery hubs. The funding is to support seven regional hubs expected to collectively meet about a third of the U.S.'s 2030 clean energy production targets.

Ontario investing in hydrogen to fuel provincial economy

Ontario announced the first six projects that will receive $7.5M in funding through the new Hydrogen Innovation Fund, which will develop opportunities for low-carbon hydrogen to serve as a clean fuel while strengthening the province’s clean electricity grid.

Researchers harvest hydrogen from plastic waste

Researchers from Rice University have revealed a low-emissions method to convert plastic waste into hydrogen that could ultimately pay for itself. The findings hold promise for the future of hydrogen, of which traditional production methods are considered carbon-heavy.

Low emissions hydrogen to grow 25% a year to 2026: IEA

Low-emissions hydrogen is projected to grow at an average rate of close to 25 per cent a year between 2022 and 2026, the International Energy Agency (IEA) reported in its Medium-Term Gas Report 2023.

A&W launches reusable, exchangeable cup program

Vancouver-based A&W says its One Cup program will allow customers to pay $3 for an exchangeable cup. When they return, A&W will exchange the cup for a cleaned and sanitized one and give the customer a 20-cent discount.

Del Monte enters partnership to help reduce emissions

Del Monte is committing to offset 30 per cent of the carbon emissions associated with the transportation of its fruit. The brand has entered into a partnership with Arbre-Évolution, a cooperative that helps businesses carry out decarbonization efforts.

'Bizarre' that Canada lagging on SAF: Airbus Canada CEO

Canada possesses the key factors to place it at the cutting edge of sustainable aviation fuel (SAF) — making it all the more "bizarre" the country lags behind the U.S. and Europe in the race toward greener skies, Airbus Canada's CEO said.

Albemarle dumps $5.7 billion lithium play for Liontown

Australian lithium developer Liontown Resources on Monday entered a trading halt to raise funding for its flagship Kathleen Valley lithium project after U.S.-based miner Albemarle (ALB-N) abandoned a $5.7 billion buyout bid.

Water bottles used to make hurricane-proof material

Barrington, N.S.-based JD Composites makes panels created from recycled water bottles that have been tested to withstand a category five hurricane. The company says customers are increasingly interested in hurricane-proof materials as climate change brings more variable weather.

97 of world's 100 largest corporations back climate guidelines

The world's largest companies are committed to reporting on climate-related risks and opportunities in line with the guidance set out by the Taskforce on Climate-related Financial Disclosures, but only a handful have fully embraced climate risk reporting best practices.

After a wave of criticism, what's on the horizon for ESG?

After years of expanding initiatives and debates over ESG issues, there is a re-examination of the effectiveness of strategies for advancing or opposing the current agenda. Where does the debate stand now and how should corporations rethink their current strategy?

Sun-reflecting asphalt in U.S. pilot project

A pilot project is underway for a roadway that reflects the sun, making it possible to lower the surrounding temperature by around 10C. The water-based asphalt mixture is expected to be rolled out more widely in Phoenix, Ariz. and Los Angeles, Calif.

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