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Northland begins commercial operations of Oneida battery project

4 days ago

Northland begins operations of Oneida battery project

Northland Power Inc. (NPI-T) has begun commercial operations of its Oneida Energy Storage Project in Jarvis, Ont., which the Toronto-based power producer says is the largest battery energy storage facility operating in Canada.

Collaboration, communication keys to Passive House redev.

Collaboration and clear communication between the design and construction teams was critical in developing an affordable multifamily project to Passive House standards, according to development team members for Vancouver's Timbre & Harmony.

NFI Group secures $845M credit facility

Winnipeg-based maker of electric buses NFI Group Inc. (NFI-T) has entered into a new revolving credit facility with a total borrowing limit of $845 million, which includes $300 million in letter of credit availability.

Exterra Carbon Solutions lands $20M in new funding

Montreal-based cleantech startup Exterra Carbon Solutions raised $20 million from several investors. The new financing round, led by Boston-based Clean Energy Ventures and BDC Capital, will help Exterra start commercializing its carbon-sequestration process.

Active Impact holds $110M final close for third climate fund

Vancouver-based Active Impact Investments has held a $110-million final close for its third early-stage climate technology fund. Active Impact has invested in 39 companies across North America, exiting seven of those through acquisitions. 

Innergex Q1 revenue and tax credits up 12%

For the three months ended March 31, Longueuil-based Innergex Renewable Energy Inc. (INE-T) revenues and production tax credits were up 12 per cent to $271.5 million, compared with the same period last year.

Neo Performance Materials Q1 revenue rises

Toronto-based Neo Performance Materials (NEO-T) reported Q1 revenue of $121.6 million, compared to Q1 2024 revenue of $122.1 million. Adjusted EBITDA for Q1 rose to $17.1 million, compared to $10.8 million for the same period last year.

Tidewater Renewables Q1 net income down YoY

During Q1, Calgary-based Tidewater Renewables (LCFS-T) reported net income of $5.2 million, down from $7.7 million in Q1 2024. Adjusted EBITDA was $2.4 million during Q1, down from $25.3 million in Q1 2024.

Should all new homes in Canada come with solar?

Anyone living in cities like Toronto or Vancouver is used to the giant construction sites that seem to appear every few blocks, not to mention new subdivisions. What if all those new homes came with solar panels by default?

Canada's banks keep climate pledges as RBC drops targets

RBC’s decision to drop its sustainable finance commitment sparked speculation that other Canadian players could walk away from their own goals. When asked if they would follow suit, Canada’s other large banks directed Bloomberg to publications which included their targets.

Nova Scotia to speed up reviews for clean energy projects

Nova Scotia is accelerating the environmental review process for a number of clean energy projects to meet its climate goals and get off coal by 2030. Large biomass, biogas and clean fuel projects can be approved within 50 days.

Is Montreal's EV charging station target realistic?

Montreal Mayor Valérie Plante's administration is aiming to install 11,000 more electric vehicle (EV) charging stations across the island by 2030. That target is so ambitious, the Quebec Electric Vehicle Association questions its feasibility.

Magna to launch electric delivery robots in Toronto

Magna International (MG-T) has the green light to deploy its all-electric, driverless delivery vehicles in Toronto this spring. The Canadian auto part giant will be testing small-package deliveries in Toronto using three-wheeled, last-mile autonomous delivery vehicles

Tesla is losing its grip on EV buyers in the U.S.

For years, Tesla (TSLA-Q) has been the defining EV brand in not only the U.S. but the world. As of Q1, amid CEO Elon Musk’s controversial political activities, its market share has dropped to a new low. 

Tall ship sailing: a sustainable alternative to mega cruises

Star Clippers' 16-sail Star Flyer uses just 15 per cent of the fuel compared to a similar-sized engine vessel. Beyond emissions, a smaller passenger capacity means less waste, reduced water consumption and minimal disruption to coastal environments and communities.

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