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FLO raises $136M to commercialize, expand EV charging network
FLO raises $136M to support expanding EV charging network
Electric vehicle (EV) charger developer and network operator FLO will be using $136 million from a funding round led by Export Development Canada to commercially launch its products and expand its web of charging stations.
Amexon's Central Park to have EV chargers in all parking lots
Toronto’s Amexon Development Corporation is aiming to drive its 12-acre master-planned community The Residences at Central Park toward an electrified future with an EV charger that will be in every one of its approximately 1,500 parking spots.
Innergex to unload stakes in 826MW of Texas wind, solar
Quebec-based power producer Innergex Renewable Energy Inc. (INE-DB-C-T) has struck an agreement to sell its minority stake in an 826-megawatt wind and solar portfolio in Texas to Irradiant Partners LP for a total equity consideration of $258 million.
Ottawa's new greenwashing rules trigger wave of disclaimers
Several Canadian oil companies and lobby groups have added disclaimers to their websites and social-media feeds – in one case, scrubbing all content – in response to new federal legislation that aims to stamp out false or exaggerated environmental claims.
Revolve revises FY2024 forecast upwards
Revolve Renewable Power Corp. (REVV-X), a Vancouver-based renewable energy company, has announced an upward revision of its previously announced FY2024 forecast. It has increased its revenue forecast from $6.8 million to $8.2 million.
HPQ Silicon affiliate Novacium enhances testing capabilities
HPQ Silicon Inc. (HPQ-X), a technology company specializing in green engineering of silica and silicon material production, has announced the acquisition of new battery testing equipment by its France-based affiliate, Novacium SAS.
Call2Recycle releases 2023 annual report
Toronto-based battery collector and recycling organization Call2Recycle Canada released its 2023 Annual Report. Highlights include: 5.8 million kilograms of batteries recycled by Canadians and collected by Call2Recycle in 2023; and the launch of North America's first "smart" battery drop-off container.
How energy storage fits into Alberta’s future electricity grid
By this fall, Alberta will know what its overhauled electricity system will look like, and how energy storage, a vital component of energy security, will be factored into future-proofing the grid.
Indigenous knowledge keepers share clean energy expertise
Indigenous Peoples in Canada have become renewable energy powerhouses. They are the largest asset holders of clean energy projects after utility companies and the Crown. Now they’re using their knowledge to help Indigenous communities across the world.
Net-zero grid could spark flurry of deal-making: report
Decarbonizing Canada’s electricity grid could lead to a significant uptick in mergers and acquisitions in the renewable energy sector, a PwC Canada report says. The report provides a mid-year update on M&A activity across all sectors of Canada's economy.
Federal govt. adds new leads to Net-Zero Advisory Body
Steven Guilbeault, Minister of Environment and Climate Change, has announced two new co-chairs of Canada's Net-Zero Advisory Body: Simon Donner, climate scientist and professor at the University of British Columbia; and Sarah Houde, chief executive officer of MileBox.
Canada prepares more tariffs on Chinese EVs
Prime Minister Justin Trudeau’s government is preparing potential new tariffs on Chinese-made EVs to align Canada with actions taken by the U.S. and European Union, according to people familiar with the matter.
Mosaic’s BigCoast carbon credit project under scrutiny
Mosaic Forest Management committed to cease logging some of its land in B.C. to create carbon credits for the global market. Now the program's credibility is being questioned, as the broader voluntary carbon market grapples with a crisis of confidence.
Microsoft to buy 8 million carbon credits from BTG Pactual
Brazilian investment bank BTG Pactual has agreed to sell eight million carbon offset credits to Microsoft (MSFT-Q), the largest-ever sale of such credits. BTG Pactual Timberland Investment Group did not disclose financial details of the transaction
bp acquires Bunge’s 50% stake in Bioenergia for $1.9B
bp (BP-N) has acquired Bunge’s 50 per cent stake in Brazil-based bp Bunge Bioenergia, becoming the sole owner of the biofuels joint venture. The acquisition, valued at $1.9 billion, includes the consolidation of financial results and net debt.
First Solar fights foreign subsidies while cashing in on its own
Long before Arizona-based panel-maker First Solar Inc. (FSLR-Q) asked the U.S. to penalize rival imports it says illegally benefit from foreign subsidies, the company boasted about getting similar incentives from some of the same countries.
‘Next wave’ in green finance is climate adaptation: Bezos Earth Fund
Corporations and investors are doing a first-rate job of investing in clean energy, according a director at the Bezos Earth Fund. But the most important opportunities for climate finance are fossil fuel disinvestment and resilience in the face of rising global temperatures.
ECL unveils world’s first off-grid, hydrogen-powered AI data centre
Data centre-as-a-service company ECL announced the delivery of the world’s first data centre that uses hydrogen as its primary power source in Mountain View, Calif. The company also announced an additional $10 million in funding led by Hyperwise Ventures.
N.Y. high-rise is using heat pumps and waste heat to cut fossil fuels
Manhattan's 17-storey Art Deco office building is ditching its boiler for electric heat pumps that are both heaters and air conditioners. The state is backing the project, which could serve as a model to decarbonize more than 6,000 high-rises.
Philippines emerges as Southeast Asia renewable power pacesetter
The Philippines has leapfrogged its Southeast Asian neighbours to become a regional leader in planned clean-power projects, as fewer investment restrictions and green-minded policies attract domestic and foreign cash.
Industry Events
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ESG Summit Canada
Oct 30 2024
Arcadian Court, Toronto
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Greenbuild 2024: Built to Scale
Nov 12 2024
to Nov 15 2024
Pennsylvania Convention Center, Philadelphia, PA
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Sustainable Finance Forum 2024
Nov 28 2024
to Nov 29 2024
Shaw Centre, Ottawa
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