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SWEB to build Weavers Mountain Wind Farm thanks to $117.4M CIB loan

2 weeks ago

SWEB to build Weavers Mountain Wind Farm in N.S.

Halifax-based SWEB Development is set to proceed this summer with construction of the 94.4-megawatt Weavers Mountain Wind Energy project in Nova Scotia after close of a $117.4-million loan from the Canada Infrastructure Bank (CIB).

Greener groceries: Montreal's Lufa Farms expands to Ottawa

Rooftop farming company Lufa Farms is expanding sales to Ottawa, a move aimed at offering residents of the capital city its sustainably grown produce and groceries. Ottawa is Lufa’s first market outside its home province of Quebec. 

Where did Quebec’s Northvolt gamble go wrong?

Swedish battery cell manufacturer Northvolt, which is developing a $7-billion plant in Montreal's Montérégie region, declared bankruptcy Wednesday. Northvolt said its North American subsidiary “remains solvent”, but the fate of Quebec and Canada’s investment is very much in doubt.

Ballard revenues drop 32% despite record fuel cell shipments

Despite shipping a record number of fuel cell engines in 2024, Burnaby-based Ballard Power Systems (BLDP-T) saw revenues slump by 32 per cent amid a downturn in hydrogen project development. Revenues fell by 20 per cent across its heavy-duty mobility segment.

Canada's cleantech startups help decarbonize U.S. economy

The state of U.S.-Canada trade relations may be fraught with tension, but some cross-border collaboration on the energy transition is still possible, as illustrated by the recent activities of three Canadian firms in the battery and solar energy fields.

Investing in nature: Risks, opportunities and actionable steps

GUEST SUBMISSION: In May 2019, the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services concluded that a staggering one million species are threatened with extinction and that “transformative changes” are needed to protect and restore nature.

E3, Pure Lithium build batteries made from Alberta brines

Calgary-based E3 Lithium (ETL-X) said as part of its ongoing joint development agreement with Boston-based Pure Lithium Corp. that the companies have produced lithium metal batteries using E3 Lithium's brines and direct lithium extraction technology, and Pure Lithium's battery technology.

Aduro, NexGen sign MOU for demonstration plant

London, Ont.-based Aduro Clean Technologies Inc. (ACT-CN) has announced the signing of a memorandum of understanding (MOU) with NexGen Polymers. The MOU details a framework for a proposed collaboration to develop a demonstration-scale hydrochemolytic technology plant.

Cash-strapped Electra hopes to relaunch refinery in the spring

It's been a bumpy ride for Electra Battery Materials (ELBM-X), a company set to become the only cobalt sulfate refinery in North America. CEO Trent Mell is tentatively optimistic that the funding could come together in the next few weeks.

Hybrid Power Solutions appoints new director

Hybrid Power Solutions Inc. has appointed Alvin Kersting to its board of directors. He serves as senior partner of Alliance Group Holdings Inc. and is an executive board member of Eye Care Professionals, a private equity acquisition firm.

Canadians 'overwhelmingly satisfied' with EVs

Pollution Probe data reveals 86 per cent of Canadian electric vehicle (EV) owners would buy another EV, with 74 per cent saying access to public charging is a significant influence on their decision.

Even Musk fans dash for the sidelines as Tesla in freefall

Elon Musk’s fans are known for their commitment to Tesla Inc. (TSLA-Q), but in the current rout of the stock even long-term believers are backing away. Tesla has been the biggest decliner in the S&P 500 Index this year.

What a nationwide grid network would mean for Canada

Suddenly, the direction in which Canada’s electricity moves is top of mind. For the first time in recent memory, provincial governments are expressing a shared interest in dismantling interprovincial trade barriers, including those that apply to energy.

Climate deals worth $45B seen surviving U.S. exit

Climate programs targeting about US$45 billion in funding for emerging economies won’t be derailed by America’s decision to withdraw, according to analysts. The U.S. had pledged to contribute more than US$4 billion to Just Energy Transition Partnerships.

Bankers climate alliance prepares vote on ditching 1.5 C goal

The roughly 130 signatories of the Net-Zero Banking Alliance (NZBA), a group that includes Barclays Plc and UBS Group AG, will be handed a proposal for a revised strategy by NZBA’s steering group, according to Bloomberg.

U.S. Supreme Court declines to hear 'Hail Mary' effort to block climate lawsuits

The U.S. Supreme Court declined to hear a case seeking to stop climate lawsuits in five Democratic-led states that are seeking financial damages from oil and gas companies for having obscured the connection between their products and global warming.

Investors learn brutal lesson from Sweden’s wind farm woes

Despite a long-term contract assumed to be safe, the Markbygden Wind Farm in Sweden became an expensive lesson in the dangers of making deals based on the predictability of energy prices — or the weather itself.

How ‘insetting’ helps food companies cut Scope 3 emissions red tape

"Insetting" enables companies to claim Scope 3 reductions by investing in projects that help suppliers cut emissions. Accounting challenges have slowed the spread of the idea, but multiple organizations are issuing Scope 3 credits to projects backed by U.S. food giants.

Can feeding cows seaweed cut methane emissions?

Cows at Wolfe’s Neck Center for Agriculture and the Environment in Maine are fed seaweed to reduce their methane emissions. Though early results have been positive, there are challenges to overcome, including how to make this profitable for dairy farmers.

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