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Ontario contracts Canada’s largest BESS in record procurement
Ont. contracts Canada’s largest BESS in record procurement
Ontario’s Independent Electricity System Operator (IESO) has contracted out a 390-megawatt battery energy storage system (BESS), which it says is Canada’s biggest to date. The deal is one of 10 projects that make up 1,784 megawatts of energy storage.
Exro drives toward growth after closing SEA Electric deal
After concluding its acquisition of SEA Electric Inc. in April, Exro Technologies Inc. (EXRO-T) is searching for a path to profitability in 2025, the Calgary-based power-control electronics company said in its Q1 results.
Hydro-Quebec inks PPA with Innergex, First Nations
Provincial utility Hydro-Quebec has signed a 30-year power purchase agreement (PPA) with Innergex Renewable Energy Inc., Innu Council of Pessamit and the regional county municipality of Manicouagan for a 300-megawatt wind project.
Recurrent Energy secures up to $1.9B for European business
Recurrent Energy, a subsidiary of Canadian Solar (CSIQ-Q), has secured a multi-currency revolving credit facility of up to $1.9 billion with 10 banks. The funds will be used for the construction of renewable energy projects in several European countries.
TransAlta’s 200-MW Horizon Hill wind farm starts operation
Canadian power producer TransAlta Corp. (TA-T) on Tuesday said it has achieved commercial operation of its 200-megawatt Horizon Hill wind project in Oklahoma, the entire output of which has been contracted by Meta Platforms Inc. (META-Q).
CarbiCrete, 3Degrees partner on concrete decarbonization
Montreal-based CarbiCrete has entered into a partnership agreement with San Francisco-based 3Degrees, a climate solutions provider and certified B Corporation. 3Degrees will oversee the quantification and verification of the emissions reductions generated by CarbiCrete's technology
Carbon Streaming announces Panama carbon removal project
Carbon Streaming Corp. (NETZ-NE), in collaboration with Microsoft Corp. (MSFT-Q) and Rubicon Carbon Capital, has entered into a carbon credit streaming agreement with Azuero Reforestación Colectiva, S.A. for the ARC Restauro Azura project in Panama.
CIB lending $75M to B.C. Ferries for electrification
The Canada Infrastructure Bank (CIB) is loaning B.C. Ferries $75 million to help buy four new electric Island-class ferries and install charging infrastructure. The vessels will be used on small volume and shorter routes.
Lion Electric launches new commercial truck
Saint-Jérôme, Que.-based manufacturer of all-electric medium- and heavy-duty vehicles The Lion Electric Company (LEV-T) has unveiled the Lion8 Tractor, an all-electric Class 8 commercial truck. The company says the Lion8 has a range of 440 kilometres.
The weak link in Canada's electric vehicle supply chain
OPINION: BloombergNEF recently said Canada eclipsed China as the country with the greatest potential to build a lithium-ion battery supply chain. The weak link, however, is Canada's insufficient access to its reserves of the critical minerals used in production.
Nissan pauses EV sedan development in U.S.
Nissan Motor Co. has paused development plans for two battery-powered sedans while expanding its electric vehicle (EV) lineup to five vehicles in the U.S., the Japanese automaker said. The company's new lineup for the U.S. also includes battery-powered crossovers.
Imperial starts production at lower-emission oil sands project
Imperial Oil (IMO-T) has started production at its new Grand Rapids oil sands project in Cold Lake, Alta. The company says the project will use a mixture of steam and chemical solvents to recover bitumen too deep to be mined.
Climate-resilient designs future-proof buildings in Cdn. cities
Climate change and extreme weather are pushing cities to prioritize climate resilience and reconsider the way buildings and other infrastructure are designed. The construction industry is looking to adaptation as a way to manage the near-term effects of climate change.
What do we do with the carbon we capture?
OPINION: It’s time governments and industries turn to carbon capture and utilization as a solution we need to sequester carbon dioxide emissions permanently, according to Madison Savilow, the director of corporate and external affairs for Carbon Upcycling.
Shell investors OK weaker emissions targets at meeting
Shell (SHEL-N) shareholders approved the company’s new energy transition plan with weaker carbon emissions targets, while rejecting a resolution asking the oil and gas giant to align itself with the goals of the Paris Climate Agreement.
Inside Microsoft's record-breaking carbon removal contract
In early May, Microsoft Corp. (MSFT-Q) disclosed its biggest carbon removal contract yet: a 10-year deal covering 3.3 million tonnes of emissions starting in 2028 at an installation being built in Stockholm.
Canada’s aging power grid has already fallen woefully behind
To meet our net-zero goals, and take steps like transitioning to EVs and heat pumps, Canada needs to significantly amp up investment in both clean electricity, as well as that far-flung transmission and distribution network.
Clean energy stocks are making a comeback
Clean energy stocks and exchange traded funds have rebounded this spring, raising hopes that the sector’s two-year slump is coming to an end. The recovery has been driven by expectations of lower interest rates and long-term demand for renewable energy.
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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