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$49M investment in HTEC hydrogen liquifier facility a critical step
$49M funding for HTEC hydrogen liquifier plant a critical step
A $49-million investment from the Canadian government into Vancouver-based HTEC is an important step toward financing its $472-million facility that will produce hydrogen fuel from an industrial by-product.
Quebec's $270M investment in Northvolt now worthless
The Quebec government confirmed the $270 million it invested in the parent company of Northvolt is now worthless. The amount was part of a larger $2.9-billion investment made by Quebec and Ottawa in the Swedish company.
Sitka Power to acquire Synex Renewable in $25.2M deal
Niagara Falls, Ont.-based Synex Renewable Energy (SXI-T) has entered into a definitive arrangement to be acquired by Calgary's Sitka Power. Sitka will acquire 100 per cent of Synex shares for $2.40 per share, or approximately $25.2 million.
Rock Tech gets special EU designation for lithium converter
The European Union has designated Toronto-based Rock Tech Lithium‘s (RCK-X) lithium converter in Germany as a strategic project under the EU’s Critical Raw Materials Act. The Guben converter is expected to produce 24,000 tons of battery-grade lithium hydroxide per year.
SolarBank to develop 7.2 MW project in New York
Toronto-based SolarBank (SUUN-Q) plans to develop a 7.2-megawatt DC ground-mount solar power project known as the Hoadley Hill Rd. project on a site in upstate New York. Once completed, it will be operated as a community solar project.
Electrovaya receives $7.3M order for Fortune 100 customer
Lithium-ion battery technology company Electrovaya Inc. (ELVA-T) has received purchase orders through its original equipment manufacturer sales channel valued at approximately US$7.3 million. The batteries will be used by a Fortune 100 e-commerce company in the U.S. and Canada.
Ecolomondo secures amendments to EDC loan agreements
Ecolomondo (ECM-X) has reached an agreement in principle to amend certain terms under its loan agreements with Export Development Canada (EDC). The original loan of $32.5 million was used to finance construction of Ecolomondo’s thermal decomposition facility in Hawkesbury, Ont.
Tidewater Renewables reports Q4 and 2024 results
Tidewater Renewables (LCFS-T) has announced financial results for Q4 2024 and the year ended Dec. 31, 2024. For the year, it reported revenue of $426,544, compared to $97,679 in 2023. Quarterly revenue was $76,442.
Quebec relaunches EV rebate program
Quebec’s Roulez Vert rebate program for zero-emission passenger vehicles will resume on April 1 after a two-month pause. Under the revived program, EV buyers will receive up to $4,000 when purchasing a battery-electric or fuel-cell vehicle.
Chinese EV maker Nio to raise $450M for EV development
Chinese EV maker Nio plans to raise around US$450 million via a share placement to develop its smart EVs, a term sheet showed on Thursday. Nio will offer 118.8 million shares at US$3.79 each.
BYD plans to double overseas EV sales
China-based EV manufacturer BYD has announced plans to double its overseas EV sales in 2025 to over 800,000 units. The strategy forms part of the company’s broader ambition to overtake Toyota as the world’s largest automaker.
Polestar is offering money for Tesla drivers to switch
Swedish carmaker Polestar is capitalizing on the recent Tesla (TSLA-Q) backlash by offering drivers a discount of up to $15,000 if they switch to its EVs. It’s a cheeky move by Polestar to lure disgruntled Tesla owners.
TAF highlights job creation in ‘made-in-Canada’ policy pitch
By fast-tracking energy-efficient homes, strengthening charging networks for EVs, and funding distributed energy resources, Canada could create jobs, cut energy bills and improve public health while decarbonizing its economy, The Atmospheric Fund (TAF) argues in a set of “made-in-Canada recommendations”.
Alberta considering killing its industrial carbon tax: email
An email sent by the Canadian Renewable Energy Association and obtained by The Narwhal said staff met with senior government officials on March 25 and were told Alberta is considering removing its industrial carbon tax.
Canada’s greenhouse gas emissions edge down in 2023
A national tally of Canada’s climate progress indicates greenhouse gas emissions fell slightly in 2023 and are now about eight per cent lower than they were in 2005. Buildings saw the largest drop in year-over-year emissions among major sectors.
NSCC to launch wind turbine technician program in 2026
Nova Scotia Community College (NSCC) officials have tapped a Cape Breton campus for a new one-year program for wind turbine technicians. For the first three to five years of the program's operation, it will concentrate on onshore wind turbines.
Schneider Electric investing $700M in U.S. operations through 2027
Microgrid developer and energy management firm Schneider Electric is going to invest US$700 million to strengthen its U.S. electrical equipment manufacturing and development operations over the next two years.
Will Texas self-destruct its clean energy industry?
Texas is considering legislation to require 50 per cent of new power plant capacity in the state to be “sourced from dispatchable generation other than battery energy storage”, penalizing solar and wind power, which pair best with batteries.
Companies abandon material-agnostic approach to sustainable packaging
Are some materials fundamentally unsustainable? In the past, most companies working with challenging or hard-to-recycle materials would’ve said no, believing their material would overcome known obstacles eventually. Today, the tides are turning.
How soccer’s carbon footprint adds up
Recent studies, particularly the New Weather Institute report Dirty Tackle: The growing carbon footprint of football, estimate that soccer’s total carbon footprint is around 64-66 million tonnes of carbon dioxide equivalent annually.
Industry Events
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Canadian Circular Economy Summit
Apr 15 2025
to Apr 17 2025
Montreal, QC
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Western Canada Apartment Investment Conference
Apr 22 2025
Vancouver Convention Centre
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Vancouver Real Estate Forum
Apr 23 2025
to Apr 24 2025
Vancouver Convention Centre
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BuildGreen Atlantic 2025
Apr 28 2025
to Apr 29 2025
Halifax, NS
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Inventures 2025
May 21 2025
to May 23 2025
BMO Centre, Calgary, AB
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Edmonton Real Estate Forum
May 27 2025
Edmonton Convention Centre
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Building Lasting Change
Jun 18 2025
to Jun 20 2025
Vancouver, BC
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