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Battery recycler Li-Cycle applies for bankruptcy protection

22 hours ago

Battery recycler Li-Cycle applies for bankruptcy protection

Financially troubled Canadian battery resource recovery company Li-Cycle Holdings Corp. (LICYF-X) has filed for bankruptcy protection under the Canadian Companies Creditors Arrangement Act as it continues to seek buyers or investors to keep its international business operating.

Raiven's $100M fund to support tech in sustainability

Toronto-based Raiven Capital has launched a US$100-million fund to invest in startups using advanced technologies like artificial intelligence (AI) in sustainability and climate initiatives. The first investments could be deployed by the end of this year.

Exro Technologies begins strategic review process

Calgary-based electric motor technology company Exro Technologies Inc. (EXRO-T) announced a funding commitment from a long-term institutional shareholder of up to US$30 million, enabling it to maintain operations while advancing a strategic review process.

Lion Electric set for revival under new owners

A group of Quebec investors is poised to take control of Lion Electric and vault it out of bankruptcy protection, giving the electric school bus maker a new lease on life just as it appeared to be speeding toward liquidation.

Massive battery project could be coming to Napanee

Atura Power has returned to Ontario's Greater Napanee Council with a new proposal for Phase 2 of its battery energy storage system project. The updated plan includes a 300-megawatt facility with up to eight hours of energy storage.

Ontario's housing changes could doom Toronto's green plans

The Ontario government’s latest bid to jump-start housing construction appears to threaten Toronto’s 15-year-old “green standard”, which limits the greenhouse gas emissions new buildings can emit and ensures those homes are resilient to the consequences of climate change.

Ontario to kick-start a new level of energy competition

GUEST SUBMISSION: Ontario’s Independent Electricity System Operator recently announced plans to invite an entirely new category of energy entrepreneurs into its electricity contract market – small-scale generators. This can stimulate competition while significantly widening the options available to energy consumers.

Quebec's carbon tax survived because it's invisible

OPINION: Why is there such great support for the carbon tax in Quebec? It’s because the province’s carbon tax is invisible and understated, and thus less prone to becoming a political target. 

EV industry stall has some worried about sector's future

Honda’s decision to take a reported two-year break on its $15-billion investment in Ontario, which was to include multiple electric vehicle (EV) battery plants, has caused some to re-evaluate large-scale Canadian EV projects from Stellantis and Volkswagen.

Canadian Solar sees financial strife despite steady shipments

Canadian Solar (CSIQ-Q) recorded a slight increase in module shipments but endured financial losses in Q1. It posted a US$34 million net loss over the period, down from net income of US$34 million in Q4.

SolarBank posts fiscal 2025 interim results

For the nine-month period ended March 31, Toronto-based SolarBank Corp. (SUUN-Q) reported revenues of $29.1 million, compared to $50.4 million for the same period last year. Net loss for the period was $9 million.

PyroGenesis sees Q1 net loss of $4.26M

Montreal-based plasma technology company PyroGenesis (PYR-T) recorded a net loss of $4.26 million in Q1, compared to a loss of $4.4 million in Q1 2024. Q1 revenue was $3 million, down 14 per cent year-over-year.

Electra Battery Materials reports Q1 loss of $12.7M

Toronto-based Electra Battery Materials (ELBM-X) experienced a net loss of $12.7 million in Q1, compared to $12.2 million in Q1 2024. Cash on hand for the quarter was $3.2 million, down from $5.6 million a year ago.

Microsoft signs major carbon removal deal with Rubicon

Microsoft Corp. (MSFT-Q) has agreed to finance the extraction of 18 million tons of carbon dioxide from the atmosphere through a deal with Rubicon Carbon, in what’s set to be one of the largest-ever purchases of carbon removal credits.

Trump’s all-out war on energy efficiency

From proposing to eliminate the Energy Star and Low Income Home Energy Assistance programs to firing staff and delaying building efficiency standards, U.S. President Donald Trump threatens to upend decades of progress on making appliances and structures more energy efficient.

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