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Investment Summit a green bonanza, but roadmap needed: experts

1 week ago

Investment Summit a green bonanza, but roadmap needed

Canada’s push to attract billions of dollars in infrastructure investment could accelerate the clean energy transition, industry voices and analysts say, but without a clear plan and supportive policies, the government risks leaving that investment potential unrealized.

Kanin raises $138M for waste heat-to-energy projects

Calgary- and Houston-based Kanin Energy has raised $138 million to accelerate the development and construction of waste heat-to-power projects in Canada and the U.S., marking the company’s largest fundraise to date as demand grows for reliable, emissions-free electricity.

Thermal Energy fiscal year net income jumps 749.4%

Ottawa-based Thermal Energy International Inc. (TMG-X) reported revenue of $33.6 million for the fiscal year (FY) ended May 31, a 12.7 per cent increase compared to FY 2025. Net income for the period jumped 749.4 per cent to $1.3 million.

Atlantic Canada’s biggest BESS projects switched on

Nova Scotia Power has inaugurated three 50-megawatt battery energy storage systems (BESS) in Bridgewater, Waverley and White Rock, now Atlantic Canada’s largest battery storage facilities. The federal government invested $109 million in work tied to the projects.

Siemens to develop digital twin for Rock Tech Lithium

Rock Tech Lithium (RCK-X) has signed agreements with Siemens Canada to support the development of a digital twin and provide engineering expertise for the company’s planned Red Rock Lithium Converter in northwestern Ontario.

PyroGenesis receives certification for steel plant project

PyroGenesis Inc. (PYR-T) subsidiary Pyro Green-Gas (PGG) received the final acceptance certificate for a project for Tata Steel. PGG will develop and supply hydrogen production processes designed to separate and recover hydrogen while removing toxic contaminants from coke oven gas.

Hydro Ottawa energizes first lower-carbon substation

Hydro Ottawa Limited has officially energized the Piperville municipal transformer station, its first substation built using lower-carbon design. The utility says the facility will achieve a 12.3 per cent reduction in embodied carbon emissions.

N.B. biogas plant construction on track to start next month

A proposed project in southern New Brunswick that would convert dairy farm manure and aquaculture fish waste into natural gas has been given provincial environmental impact assessment approval about five months after its application was filed.

Ikayuut solar and energy storage project now complete

In a reclaimed scrapyard in Naujaat, Nvt., the Ikayuut solar and energy storage project has flipped the switch to renewable energy. The project is the first to reach operation from Qulliq Energy Corporation's independent power producer program.

NorthX and BC Hydro launch $5M funding opportunity

NorthX Climate Tech and BC Hydro are partnering to identify and advance solutions that can provide greater flexibility to the electricity system, with $5 million in non-dilutive funding available to Canadian companies developing technologies that can help meet this need.

Ontario raises tire recycling target

The Ontario government is raising the recycling target for tires after more than a year of chaos in the industry caused by an earlier provincial decision to reduce the level.

A snapshot of Canada’s climate vulnerabilities

In a major new assessment released last month, federal scientists show how every part of Canada is already experiencing the effects of a warming climate, with northern, coastal and Indigenous communities among the most vulnerable.

Lessons from Australia's experience with Chinese EVs

OPINION: When Chinese automakers arrived in Australia, they didn't just kick off a price war – they raised the bar for what buyers expected. As Chinese electric vehicles (EV) arrive in Canada, Australia offers a look at how competition could affect consumer expectations.

The dangerous wait for battery regulations

OPINION: Cities across the country are seeing a steep rise in fires caused by rechargeable lithium-ion batteries. At the start of September, Toronto alone had already seen 92 this year, resulting in 13 injuries and one death.

AI data centres release heat, posing new problem for cities

Behind the walls of an AI data centre, massive racks of servers hum around the clock. The more electricity they use, they more heat they create. A single facility can give off roughly the amount of heat generated by 54,000 homes.

Renewables hit record in 2025, but more needed: report

Global renewable power capacity reached 5.15 terawatts at the end of 2025 following a record year of deployment, but significantly faster growth will be required to meet the global target of tripling renewable capacity by 2030.

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