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There's still spark in Canada's EV, battery sector despite setbacks

3 weeks ago

There's still spark in Canada's EV, battery sector

A barrage of bad news hit Canada’s ambitious plans to grow its electric vehicle, battery and supply chain sectors during 2024, but it's not all doom on the horizon. In fact, several major projects are continuing to move forward.

CEO of Northvolt North America steps down

Northvolt co-founder Paolo Cerruti is stepping down as president and CEO of Northvolt North America. He will retain his position as chairman of the Canadian division and continue to live in Montreal.

Carney to scrap carbon pricing if he becomes Prime Minister

Mark Carney is promising to scrap carbon pricing if he wins the Liberal leadership and takes over from Prime Minister Justin Trudeau. Carney’s closest leadership rival, former finance minister Chrystia Freeland, has already promised to cancel the carbon-pricing regime.

Algonquin names industry veteran Rod West as new CEO

Oakville, Ont.-based Algonquin Power & Utilities (AQN-T) said on Friday that industry veteran Rod West will succeed Chris Huskilson as its new chief executive officer, effective March 7. West most recently served as group president, utility operations for Entergy.

Nu E begins commercial operations at Alberta solar farm

Calgary-based Nu E Power Corp. (NUE-CN) has commenced commercial operations at its Lethbridge One solar farm, an 8.75-megawatt AC project located in southern Alberta. NU E holds a 25 per cent stake in the site.

NEXE Innovations announces Q2 results

Windsor-based compostable coffee pod manufacturer NEXE Innovations Inc. (NEXE-X) has announced financial results for the three-month period ended Nov. 30, 2024. For that period, the company reported a net loss of $1.6 million.

Aduro files new patent application on novel process design

London, Ont.-based Aduro Clean Technologies Inc. (ACT-CN) has filed a patent application in the U.S. for a novel process design for implementation of its Hydrochemolytic Technology, which breaks down long carbon chains through metal compounds in water. 

Svante to negotiate $1.5M cost-sharing pact with U.S. DoE

Burnaby-based carbon capture and removal company Svante Technologies Inc. has been selected to negotiate a cost-sharing agreement of up to US$1,499,889 with the U.S. Department of Energy’s (DoE) Industrial Efficiency and Decarbonization Office.

Quebec not ruling out pushing back 2035 deadline for EVs

Quebec could push back its target of banning the sale of new gas-powered vehicles from 2035 because of the uncertainty caused by U.S. President Donald Trump, who is threatening to put the brakes on the electric car market.

Doug Ford says he will honour Ontario’s EV commitment

Progressive Conservative Leader Doug Ford said Thursday he will honour Ontario’s commitment to the burgeoning EV sector if re-elected, while his main political rivals were less definitive. Ontario agreed to an auto pact with the federal government in 2023.

Electric 2026 Kia EV5 coming to Canada, not U.S.

Canada is about to receive the Kia EV5, a new compact electric crossover that will not be sold south of the border. Canadian range estimates have not yet been shared but European models start at a range of 490 kilometres.

Pressure mounts to fix Canada’s 'patchwork' carbon market

Canada’s carbon markets are operating at "only a fraction of their potential", but could be a powerful tool for advancing clean energy if lawmakers remove interprovincial trade barriers, experts say.

Microsoft signs massive carbon credit deal with Chestnut

Microsoft announced Thursday it’s buying over seven million tons of carbon credits from Chestnut Carbon. The 25-year deal would enable Chestnut Carbon to reforest 60,000 acres of land across Arkansas, Louisiana and Texas.

Tesla’s carbon credit revenue soars to $2.76B

Tesla’s profits took a hit in 2024, dropping 23 per cent. But one revenue stream kept surging — carbon credit sales. The carmaker reached a new record in selling regulatory credits, recording US$2.76 billion, up 54 per cent from 2023.

Rechargeable batteries causing fires in Vancouver

VIDEO: Vancouver firefighters say rechargeable batteries are responsible for at least one fire in the city every month. Evidence is mounting that if not used properly, lithion-ion batteries can be dangerous.

DeepSeek is complicating decarbonization forecasts

China-based tech company DeepSeek’s recent claim it can make artificial intelligence less power hungry is just the latest reason the energy industry should rethink its assumptions about future demand.

Climate tech funding fell 40% in 2024 as investors rushed to AI

Global climate tech equity financing fell 40 per cent in 2024, signaling an uphill battle for emerging decarbonization technologies. There were 1,200 deals totalling nearly US$51 billion last year, compared to almost US$84 billion in 2023.

World Bank initiative aims to improve electricity access in Africa by 2030

The World Bank and the African Development Bank, supported by a host of other partners, have launched Mission 300, an initiative that aims to expand access to reliable, affordable and sustainable electricity to 300 million people in Africa by 2030.

A common definition for net-zero is emerging

With several dozen net-zero guidance documents published in the past five years, many sustainability leaders feel like they must decipher multiple codes for "net-zero" to determine which framework is right for their businesses. 

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