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Cyclic Materials' $72M fundraise to charge U.S., Europe expansion
Cyclic Materials' $72M fundraise to charge expansion
A US$53-million Series B fundraise (approximately C$71.8 million) will set the stage for the expansion of Toronto-based Cyclic Materials’ rare earth metals recycling infrastructure into the U.S. and Europe.
Cologix moves closer to carbon neutrality in Canada
Data centre builder and operator Cologix has nearly achieved carbon neutrality in Canada, as it aspires to hit the target across its entire business. The Denver, Colo.-based company has 22 data centres in Canada.
CDPQ, Nuveen launch sustainable CRE financing program
The Caisse de dépôt et placement du Québec (CDPQ) announced it will partner with Nuveen Green Capital to launch a US$600-million financing program for sustainable commercial real estate (CRE) development across the U.S.
Canada’s plans to export hydrogen to Germany stall
Canada’s efforts to establish a green hydrogen supply chain with European countries are being delayed by a supply-demand mismatch and the largest wave of global inflation in decades, hurdles that will keep it from exporting hydrogen to Germany by 2025.
Green hydrogen hype fades on high costs
In recent months, some of the biggest would-be developers of hydrogen have cancelled projects, axed orders and scaled back investment plans. The low-carbon fuel is simply too expensive to stimulate demand in many sectors of the economy.
SolarBank developing 13.8 MW project in Pennsylvania
SolarBank Corp. (SUUN-Q) plans to develop a 13.8-megawatt (MW) DC ground-mount solar power project, known as Grandview, on a site in Lancaster County, Pa. The project is part of a three-project plan totalling 24.8 MW DC.
Northvolt unit files for bankruptcy
The financial crisis engulfing Northvolt AB deepened after one of its units filed for bankruptcy in the wake of a decision to halt an expansion of its flagship battery factory in northern Sweden.
T.O.'s financial sector needs more emissions accountability
A new report produced by the Toronto Climate Observatory finds the Toronto financial sector’s emissions impact is much more than what is self-reported, and urges the city to do more to encourage a reduction.
Federal government to invest in N.S. net-zero facility
The federal government is investing $7 million through the Green and Inclusive Community Buildings program for a new community centre in Oxford, N.S. The new net-zero facility will include a full gymnasium, a community kitchen and other amenities.
Airdrie approves funds for clean energy plan
Airdrie, Alta.'s council approved $1.6 million from the operating reserve for the Clean Energy Improvement Plan (CEIP) after an update during the Oct. 1 council meeting. The CEIP helps residents invest in energy efficiency and renewable energy upgrades.
A closer look at Halifax’s climate property tax
On the property tax bill that goes to homeowners in Halifax, there’s a separate line-item for climate action. This is unique among larger Canadian cities and raises about $18 million in dedicated funds each year.
Comparing emissions between PHEVs and gas-powered cars
Plug-in hybrid electric vehicles (PHEVs) still emit carbon dioxide – but, officially at least, considerably less than conventional hybrids or gas-powered vehicles. Even still, they are considered zero-emissions vehicles by the Canadian government.
Rivian applies for loan to restart U.S. EV factory construction
Rivian Automotive (RIVN-Q) has applied for a U.S. federal loan to enable the construction of its electric vehicle (EV) factory in Georgia, according to the U.S. Department of Energy. The amount and terms of the loan have not been disclosed.
Ammonia-fuelled vessels: A reality in 2025?
Sweden-based Alfa Laval says it will be ready to supply its first fuel systems for ammonia-fuelled marine vessels by the end of 2025. Alfa Laval has delivered two test systems to power Swiss engine designer WinGD's ammonia-fuelled engines.
Home Depot’s big plastic packaging purge
Home improvement retailer Home Depot (HD-N) has eliminated Styrofoam, or expanded polystyrene foam, and polyvinyl chloride plastic film from packaging used for its private-label products. Both materials take over a decade to break down and are notoriously difficult to recycle.
Coal-to-solar developer BrightNight lands $440M investment
Renewable energy developer BrightNight just closed a US$440-million strategic investment from banking giant Goldman Sachs. Among BrightNight's projects is the 810 MW solar installation Starfire, slated for an old mining site in eastern Kentucky.
TotalEnergies signs a renewable power pact with Saint-Gobain
France-based TotalEnergies has signed a power purchase agreement with French manufacturer Saint-Gobain, under which TotalEnergies will supply renewable electricity to Saint-Gobain’s French facilities. It will take effect from January 2026 for a total volume of 875 gigawatt-hours over five years.
Bill Gates-backed company is redesigning the wind turbine
Airloom Energy Inc., backed by the U.S. Department of Defense and Bill Gates, is looking to change the form of wind turbines. Instead of rising on a tower, the startup’s turbine uses a roller-coaster-like track that travels around the structure.
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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