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Lion Electric gets creditor extension, temporarily lays off 400 employees

2 weeks ago

Lion Electric gets creditor extension, temporarily lays off 400

Saint-Jerome, Que.-based electric vehicle (EV) and bus manufacturer Lion Electric Company (LEV-T) temporarily laid off more than half its workforce and received a two-week extension on credit and loan facilities, as it seeks options to stay afloat.

Li-Metal proposes change from battery material developer

Toronto-based lithium anode developer Li-Metal Corp. (LIM-CN) has proposed a reforging of its business model to shareholders, shifting from development and production of battery materials to investments. The transition will require the approval of shareholders and the Canadian Securities Exchange.

Energy Plug launches off-grid EV charging station

Vancouver-based Energy Plug Technologies Corp. (PLUG-CN) aims to pave a smoother path to EV adoption with its off-grid, battery-powered charging station. The battery can be charged by solar panels, wind turbines, or a diesel generator in a hybrid set-up.

PyroGenesis torch successfully destroys 'forever chemicals'

Montreal-based PyroGenesis Inc. (PYR-T) has announced the successful completion of a contract for the delivery, commissioning and operation of its plasma torch system to destroy perfluoroalkyl and polyfluoroalkyl substances, widely known as "forever chemicals".

Clear Blue Q3 revenue drops 84% YoY

Toronto-based Clear Blue Technologies International Inc. (CBLU-X) has announced financial results for the three months ended Sept. 30. Revenue for the quarter was $369,297, an 84 per cent decrease from the same period last year.

Solar Alliance Q3 revenue down 61% YoY

Toronto-based Solar Alliance Energy Inc. (SOLR-X) has released financial results for the three and nine month periods ended Sept. 30. Revenue for the quarter was $945,303, a decrease of 61 per cent from $2.4 million in Q3 2023.

Northland Power names Christine Healy president and CEO

Toronto-based Northland Power Inc. (NPI-T) has appointed Christine Healy as president and CEO, effective Feb. 5, 2025. Healy joins Northland from AtkinsRéalis, where she served as president of Asia, the Middle East and Australia.

CIMA+ promotes Anahita Jami to ESG director

Laval, Que.-based consulting engineering firm CIMA+ recently promoted Anahita Jami from senior sustainability advisor to environment, social and governance (ESG) director. Jami has an academic background in chemistry, environmental applied science and management.

EVs can have dangerous momentum on icy roads

EVs are compounding winter driving concerns because their ability to accelerate quickly while also carrying greater weight makes them even harder to control on icy roads compared with gas-powered all-wheel-drive vehicles.

How Europe’s EV battery pioneer Northvolt came unstuck

Sweden’s Northvolt AB was Europe’s best hope of rivaling the giant Chinese companies that make most of the world’s EV power cells. It ran out of money after a series of operational blunders and filed for bankruptcy protection in November.

The problem with banning e-bikes, scooters on the TTC

A ban on e-bikes and e-scooters by the Toronto Transit Comission (TTC) would disproportionately affect low-income individuals and marginalized groups with limited transportation options, according to an equity report published by the transit agency’s chief people and culture officer.

Five B.C. clean energy projects getting $12.5M from feds

Natural Resources Canada is funding five B.C. cleantech companies and projects, including $5 million for Carbon Engineering’s direct air carbon capture technology and close to $1 million for a biofuel project at the Parkland refinery in Burnaby.

Is Canada running out of time to make its buildings net-zero?

Released this year, the Canada Green Buildings Strategy states there are more than 564,000 commercial and institutional buildings across the country, and most will require extensive upgrades and retrofitting to reach Canada’s net-zero goal.

Federal clean electricity rules would add $35B in costs: Ont.

Ontario is urging the federal government to amend proposed electricity regulations after an analysis by the province’s system operator concluded the rules would mean $35 billion in additional costs by 2050.

Canada urged to stand firm on sustainable finance

Canada’s path to adopting crucial sustainable finance rules must not be derailed by political instability in the EU and the U.S., despite political headwinds in countries that have provided much of the rationale for federal action, a Canadian expert says.

Co-operators pilot recycles waste from home insurance claims

Big storms and other disasters can quickly turn parts of homes into trash. To better deal with that waste, Co-operators Insurance has launched a pilot project to recycle waste from insurance claims in Calgary and London, Ont. 

Duke Energy to knock down coal plant, build its biggest battery yet

Mega-utility Duke Energy (DUK-N) is about to knock down a coal plant that has run west of Charlotte, N.C. since 1957. Soon the company will build its largest grid battery on that spot, part of an unprecedented energy-storage construction spree.

U.S. hits Southeast Asian solar imports with duties up to 271%

Solar imports from Southeast Asia are being unfairly sold in the U.S. below their production costs, according to initial findings of a U.S. Commerce Department review that laid out duties of as much as 271 per cent to counteract the practice.

Barbados completes world’s first debt swap for climate resilience

Barbados has completed what it calls the world’s first "debt-for-climate resilience" swap which will see it invest US$165 million in water infrastructure, food security and environmental protection to help the island adapt to the effects of climate change.

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