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Record-breaking Q2 2023 for Canadian Solar
Record-breaking Q2 2023 for Canadian Solar
Canadian Solar Inc. (CSIQ-Q) reported record-breaking results in Q2, despite missing out on its profit and revenue guidance and lowering its revenue expectation for Q3. The company announced a 39 per cent increase in net revenues quarter-over-quarter to $2.36B.
Alora plans global network of ocean-based rice farms
Alora, a Kitchener-based agriculture startup, has big ambitions – starting with growing rice plants directly in seawater. The company has genetically edited rice plants to “switch on” their salinity tolerance, allowing them to grow in ocean water or in salt-damaged lands.
Cobalt refinery costs hit Electra's bottom line
Electra Battery Materials Corp. (ELBM-Q) said capital costs for its cobalt refinery exceed estimates, but a black mass recycling trial, an expanded LG Energy Solution supply agreement and a joint venture with Three Fires Group bode well for its future.
Hydropower offers stability, storage for net-zero grids
A report from national hydropower industry group WaterPower Canada lays out its advantages, including reliability and the potential for energy storage, as the country aims for net-zero electrical grids by 2035.
 | The 360 on Energy and Carbon Utilities' role in the energy transition with FortisBCDavid ArkellOwner, CEO, 360 Energy Inc. |
Investors underpricing risks of extreme weather
In addition to the human toll, a notable danger of wildfires, flooding and heat waves is of a “climate Minsky moment,” the term for a sudden correction in asset values as investors simultaneously realize those values are unsustainable.
Offshore wind project proposed for Nova Scotia
Dubbed Nova East Wind, the 300- to 400-megawatt project would see DP Energy and SBM Offshore build around 25 massive 18-megawatt floating turbines in N.S. and moor them in a field 20 to 30 kilometres off the coast.
World Energy GH2 submits EIS for green hydrogen
World Energy GH2 Inc. has announced the company has submitted an environmental impact statement (EIS) for Project Nujio'qonik in Newfoundland and Labrador. The submission marks the first comprehensive environmental study in North America for a commercial-scale green hydrogen project.
Results of Aug. 16 Que.-Calif. carbon market auction
During the sale, 55,760,384 current vintage emission units were sold at $47.46, and 7,577,000 2026 vintage emission units went for $46.05. The sale generated in the order of $373 million in revenue for Quebec.
Que. fire conditions worsened by climate change: study
The “fire-prone conditions” behind the devastating wildfires in Quebec earlier this year were made at least two to seven times more likely by climate change, concludes an analysis published by the World Weather Attribution initiative.
Renewable energy pause welcome in parts of Alberta
For some landowners and municipalities in rural Alberta, the provincial government’s announcement of a seven-month moratorium on approving wind and solar power projects is seen as welcome and long overdue — though the way it was rolled out was a surprise.
Major boost for Manitoba EV infrastructure
The efforts to build a proper electric vehicle (EV) infrastructure in Manitoba recently received a $3M boost from Natural Resources Canada’s Zero Emission Vehicle Infrastructure Program, with the hopes it will help finance up to 300 new charging stations.
Blackstone’s $7.1B fund to propel energy transition
The world’s largest private equity firm and asset manager Blackstone Inc.’s (BX-N) $7.1 billion credit fund will help pump capital into assets that propel the energy transition such as electric vehicle factories and carbon capture facilities.
Clean energy revenue hits $2.56 trillion in 2022
While recent data on renewable energy points to an era when “a trillion dollars of investment is the floor, not the ceiling,” those numbers only track a fraction of the effort to bring decarbonization into the mainstream, according to BloombergNEF.
TC Transcontinental invests in flexible packaging
TC Transcontinental Packaging, the packaging sector of TC Transcontinental (TCL-A-T), announced an investment of approximately $80M toward the development of mono-material recyclable flexible plastic packaging solutions. The investment includes a 120,000 square-foot expansion in TC’s Spartanburg, South Carolina facility.
Sigma Lithium sues ex-CEO over trade secrets
Vancouver's Sigma Lithium (SGML-X), which produces metal used in electric vehicle batteries, has sued former co-CEO Calvyn Gardner, accusing him of stealing trade secrets to undermine the company’s effort to sell itself. Gardner’s daughter-in-law, Luisa Valim, is also a defendant.
Germany set to miss net-zero by 2045 target
German goals to cut greenhouse emissions by 65 per cent by 2030 are likely to be missed, meaning a longer-term net-zero by 2045 target is also in doubt, reports by government climate advisers and Germany's Federal Environment Agency show.
Amazon forest carbon removal startup fund hits $100M
The Amazon Reforestation Fund, formed by Brazilian startup Mombak, received two separate investments worth $35 million in total from Rockefeller Foundation and Canada Pension Plan Investment Board, reaching its $100 million target funding.
What are the environmental costs of AI?
As AI continues to advance, the world's biggest tech companies face pressure to address its environmental impacts. According to U.S. researchers, "ChatGPT needs to 'drink' a 500ml bottle of water for a simple conversation of roughly 20-50 questions and answers."
Lamborghini unveils concept for first all-electric car
Italian sportscar-maker Lamborghini has shared its Lanzador concept car – a look ahead at the company's first all-electric vehicle, which is set to go into production from 2028. The car will provide a peak power capacity of over one megawatt.
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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