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Carbonova to build $13.6M commercial-demo project after sealing financing

4 days ago

Carbonova to build $13.6M commercial-demo project

Carbonova Corp. has secured $13.6 million in financing to build its first commercial-demonstration unit that will transform captured greenhouse gases into high-performance carbon nanofibres, the cleantech company has announced.

124 MW Quebec wind farm reaches financial close

EDF power solutions Canada and Énergie Renouvelable Granit Inc. annouced the closing of construction and term financing for the Haute-Chaudière Wind project, a 124-megawatt (MW) project located in the Regional County Municipality of Granit in Quebec.

Climate change has altered the insurance equation: CEO

Rob Wesseling, the president and CEO of Co-operators Insurance says policy premiums will keep rising as coverage of losses continues to decline — unless more is done to mitigate damages caused by climate change. 

Lithium Americas to join the S&P/TSX Composite Index

Vancouver-based Lithium Americas Corp. (LAC-T) said its common shares will be added to the S&P/TSX Composite Index, effective prior to the open of trading on Monday, Dec. 22.

NEXE Innovations get its largest repeat order to date

Windsor-based compostable materials company NEXE Innovations Inc. (NEXE-X) said it has received a purchase order for 70,000 BPI-certified compostable coffee pods from ecoBeans Coffee Inc., its largest repeat order to date.

PyroGenesis confirms half-tonne order for titanium powder

Montreal-based plasma technology company PyroGenesis Inc. (PYR-T) has announced the recent signing of a half-tonne contract with a global aerospace leader for the supply of titanium metal powder produced by PyroGenesis’ NexGen plasma atomization process.

Hydron demos carbon-negative xenon production

Vancouver-based clean fuel and gas separation company Hydron Energy said it has successfully demonstrated carbon-negative xenon and krypton production from air. Xenon and krypton play a critical role in the space industry as fuel for satellite propulsion.

Quebec relaunches electric truck rebate program

Quebec’s Écocamionnage rebate program for electric medium- and heavy-duty vehicles has reopened after a 16-month hiatus. The Quebec government said it is allocating $145.5 million over the next three years to fund the program.

Canada broke its EV market in 2025 and it did so alone

OPINION: The first piece of Canada's electric vehicle (EV) industry fell last fall, when Canada erected a 100 per cent tariff on Chinese EVs to appease the U.S. A few months later, the federal EV rebate ran out of money.

STM could save $3,500 a day with 100% electric bus fleet

A fleet of fully electric buses would allow the Société de transport de Montréal (STM) to save $3,500 a day, according to a study conducted by researchers at Concordia University.

Diluted EU climate policy benefits China's EV industry

OPINION: At the moment, the EU’s environmental agenda calls for the phase-out by 2035 of new cars powered by internal-combustion engines. That deadline is expected to be delayed, providing a market opening for Chinese automakers.

'Gaps' in Toronto’s plan to deal with extreme heat

As Toronto continues to grapple with extreme weather, a slate of proposals meant to address what the city calls its “most urgent climate threat” — extreme heat — delays long-anticipated measures by years and leaves vulnerable residents at risk, critics say.

IFC announces inaugural climate transition bond investment

The World Bank’s private sector financing arm – the International Finance Corporation (IFC) – will invest US$100 million in Turkish lender QNB Türkiye’s climate transition bond. The transaction marks the IFC’s inaugural transition bond investment.

Meta signs 2.5 GW of U.S. clean energy deals with NextEra

Facebook owner Meta (META-Q) and energy infrastructure provider NextEra Energy announced a series of new clean energy deals, with the social media giant agreeing to purchase approximately 2.3 gigawatts (GW) of solar power and over 165 MW of energy storage.

The U.S. grid storage industry crushed its 2025 goal

In 2017, early leaders in energy storage made an audacious bet: 35 GW of the new grid technology would be installed in the United States by 2025. The U.S. crossed the threshold of 35 GW of battery installations this July.

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