Hyperlume, an Ottawa-based startup specializing in high-bandwidth, low-latency, and energy-efficient interconnects for AI data centers and high-performance computing, has secured a $17.8 million seed round to commercialize its breakthrough optical technology. The oversubscribed funding round was led by BDC’s Deep Tech Venture Fund and ArcTern Ventures, with participation from MUUS Climate Partners, SOSV, and Intel […]
Vancouver Innovator Daanaa Launches Zodiac to Transform Solar Energy
Vancouver’s Daanaa, known for its breakthroughs in power system electronics and semiconductor technology, has unveiled Zodiac—a cutting‐edge power electronics solution designed for photovoltaic (PV) modules. The new technology is set to simplify installation and boost system performance by integrating key functions directly into the module. Traditional solar systems often face energy losses because cells are […]
Three Cleantech Innovators Among 2025 TSX Venture 50
The TSX Venture Exchange (TSXV) has unveiled its 2025 TSX Venture 50™, recognizing top-performing early- and growth-stage companies that have demonstrated remarkable market performance. Among the standout firms are three cleantech companies—SPARQ Systems, BIOREM, and Northstar Clean Technologies—each making significant strides in advancing sustainable innovation. Kingston-based SPARQ Systems emerged as the leading performer on this […]
BC Hydro Advances Renewable Energy with 10 New Projects
BC Hydro has filed an application with the BC Utilities Commission (BCUC) seeking approval for Electricity Purchase Agreements signed with ten new renewable energy projects. The agreements stem from BC Hydro’s recent call for power and mark a significant step toward expanding the province’s clean energy supply. The ten projects—nine wind farms and one solar […]
Magna and Foresight Launch Challenge to Cut Auto Industry Emissions
Foresight Canada and global automotive giant Magna International have launched the Magna International Facility Emissions Challenge, an initiative aimed at reducing greenhouse gas (GHG) emissions from manufacturing facilities without compromising efficiency or production quality. The challenge, part of Foresight’s Innovation Challenge program, seeks innovative solutions such as energy recovery systems, alternative fuels, efficient ventilation designs, […]
Climate Tech Trailblazer Award Offers $300K for Innovators
Cleantech innovators have a major opportunity to gain funding, recognition, and industry connections through the Climate Tech Trailblazer Award, which is offering $300,000 in prizes to support groundbreaking climate solutions. Managed by Foresight Canada in partnership with the Climate Solutions Prize, the award will be a highlight of the Climate Solutions Prize Festival, a premier […]
Li-Cycle Expands U.S. Battery Recycling Partnerships Amid Energy Storage Boom
Toronto’s Li-Cycle, a leading global lithium-ion battery recycling company, has strengthened its partnerships with major battery energy storage system (BESS) providers across the United States, reinforcing its role in the country’s clean energy supply chain. In 2024, Li-Cycle recycled over 100 MWh of energy from BESS partners—a 33% increase from the previous year. During Q4, […]
DEEP Earth Energy and SLB Partner to Develop Canada’s First Next-Generation Geothermal Project
DEEP Earth Energy Production (DEEP) has teamed up with global energy technology company SLB (NYSE: SLB) to develop Canada’s first next-generation geothermal project in southeast Saskatchewan. With the feasibility phase now complete, the project is set to produce up to 30 MW of emissions-free power once its first two phases are finished, marking a key […]
Foresight Canada Launches Advisory Board to Drive Cleantech Adoption
Foresight Canada has announced the formation of the Cleantech Adoption Platform (CAP) Advisory Board, a strategic initiative designed to accelerate the deployment of vetted sustainable technologies across Canadian municipalities and organizations. The advisory board will provide critical guidance as Foresight prepares to launch the Cleantech Adoption Platform later this year, creating a streamlined pathway for […]
Foresight Canada and econext Launch Clean Energy Innovation Challenge for Newfoundland and Labrador
Foresight Canada, in collaboration with econext, has unveiled the Clean Energy Infrastructure Optimization Innovation Challenge, a new initiative aimed at advancing technology solutions that reduce maintenance costs and enhance the operational performance of remote clean energy infrastructure in Newfoundland and Labrador (NL). The challenge seeks innovative solutions for the province’s key energy assets, including wind […]