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Lion Electric defaults on debts, to seek creditor protection

6 days ago

Lion Electric defaults on debts, to seek creditor protection

The Lion Electric Company (LEV-T) announced this morning it expects to seek creditor protection after its credit and loan facilities expired, leading the electric vehicle manufacturer to discuss restructuring and a formal sales and investment process.

B.C. wind deals a step to meeting future energy demands

Wind power deals secured by BC Hydro are aimed at boosting the electricity supply of British Columbia, spurred by a call for power to satisfy a projected surge in demand.

'Very, very inefficient': Managing AI's immense energy needs

One of the questions behind the rush to implement generative artificial intelligence (AI) tools is how to manage its massive energy footprint, a conundrum addressed by a panel during the recent MaRS Climate Impact summit in Toronto.

CIP buys majority stake in N.L. wind and hydrogen project

Copenhagen Infrastructure Partners (CIP) acquired a 90 per cent stake in the Toqlukuti’k wind and hydrogen project in N.L. from Germany’s ABO Energy. ABO plans to develop up to five gigawatts of wind capacity to produce green hydrogen and ammonia.

Innergex secures $142M bridge loan for Hawaii project

Innergex Renewable Energy (INE-T) closed a US$100-million non-recourse bridge loan with First Citizens Bank to support the Hale Kuawehi solar and battery storage project in Hawaii through its final stages, and repay the corporate revolving credit facility.

SolarBank closes $25.8M in financing from RBC

SolarBank Corp. (SUUN-Q) has secured the financial closing of a combined project loan of $25.8 million from RBC. The loan will be used for the construction, operation and maintenance of two 4.99-megawatt battery energy storage system projects in Ontario.

Canada Growth Fund invests in Nouveau Monde Graphite

Canada Growth Fund has entered into a definitive agreement with respect to a $35.6-million private placement with Quebec-based Nouveau Monde Graphite (NOU-X). Graphite is used in the development of many technologies essential to the global energy transition.

Canada’s 2035 net-zero target is still unmoored to a plan

The federal government is committing Canada to reduce greenhouse gas emissions by 45 per cent to 50 per cent below 2005 levels by 2035, but has not said how those cuts will be accomplished.

New EV battery could run for 8 million km

Electric vehicle (EV) manufacturers are using the Canadian Light Source synchrotron in Saskatoon to develop batteries with a lifespan pushing eight million kilometres, roughly 25 times the average life of batteries currently in use.

N. American EV, hybrid sales grow again, but headwinds loom

Sales of alternative fuel vehicles, including battery electric and hybrid vehicles, reached new highs in Canada and the United States in recent months, but impending incentive changes and a looming political shift could soon disrupt that trend.

B.C.’s EV requirement puts consumers before carmakers

OPINION: Drivers are the winners under B.C.’s legislated EV sales targets, which deliver cost savings and greater vehicle choice to British Columbians. Requiring automakers to sell more EVs also encourages them to bring more affordable models to market.

Mercedes’ solar paint could make plugging in EVs obsolete

Mercedes-Benz said it’s developing a solar paint that would allow EV owners to power their cars without plugging in. The photovoltaic material starts as a paste and is applied to body panels in a layer that’s just five micrometres thick.

Northvolt denies contaminants are leaking from Quebec site

Toxic substances from another era are allegedly flowing into the Richelieu River from Northvolt's Montérégie, Que. site, according to organizations presenting their findings Monday morning in Montreal. However, the conclusions are categorically rejected by the company.

Google bets on startup using crushed rocks to capture CO2

Alphabet Inc.’s (GOOG-Q) Google has made its largest purchase of carbon dioxide removal, backing a company that uses crushed rocks to capture carbon dioxide (CO2). Startup Terradot has raised nearly US$60 million to commercialize its technology.

Gone with the wind: Is this the end for wind energy?

For years, wind energy has symbolized the clean energy transition. Towering turbines onshore and offshore have driven significant progress in reducing carbon emissions. However, recent setbacks in the global offshore wind industry have raised concerns about its future. 

Climeworks’ recipe for winning over skeptics? Free food

Swiss carbon removal company Climeworks wants to build a megaton facility in tiny Vinton, La. An essential ingredient in alleviating local concerns may just be barbecue dinners and hearty breakfasts.

Yet another reason why heat pumps are awesome

Switching to heat pumps is one of the most energy-efficient and cost-effective ways to reduce the climate impact of buildings. It can also save lives by cleaning the air we breathe, according to new research by Rewiring America.

Building with earth could transform sustainable construction

Building with rammed earth could be scalable. But despite their recyclability, efficiency, low-carbon nature and history of successful applications, earthen buildings are still underrepresented in the green building movement and are poorly regarded by architects, property developers and local authorities.

How the humble household can lead the way in fighting climate change

Households account for 17 per cent of emissions in Canada. But when you remove Canada’s oil and gas industry from the equation and examine the impact of households at a provincial level, the number is considerably higher in provinces like Ontario, at 30 per cent.

Creating a sustainable clothing line in Corner Brook

As a teenager growing up in Sri Lanka, Roshayne Mendis was far from a fashionable person. Now, as the founder and CEO of Contour Clothing, she is producing a sustainable clothing line for women in Corner Brook, N.L.

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