In a significant step towards a greener economy, the Government of Alberta has announced a $40 million investment from the Technology Innovation and Emissions Reduction (TIER) fund to support Emissions Reduction Alberta’s (ERA) Advanced Materials Challenge. This new funding initiative aims to drive technological advancements in circular economy practices and the development of low-emission products […]
CICE-Backed Anodyne Chemistries Named to Foresight 50 List
Anodyne Chemistries has been named to the 2024 Foresight 50 list, distinguishing it as one of Canada’s most investible cleantech ventures. This recognition highlights Anodyne’s innovative work in sustainable chemical manufacturing, where the company integrates synthetic biology with electrochemistry to reduce greenhouse gas emissions and transform carbon dioxide into valuable products. Founded in Burnaby, B.C. […]
Deep Sky Secures Carbon Removal Credits with RBC and Microsoft to Pioneer Carbon Removal Technology
Canadian carbon removal project developer Deep Sky has taken a significant step in the fight against climate change by selling carbon removal credits to founding buyers Royal Bank of Canada and Microsoft. This agreement commits Deep Sky to remove 10,000 tonnes of CO₂ over the next decade through Deep Sky Labs, the world’s first carbon […]
Baseload Power Secures $9.4M for National EV Charging Network Expansion
Toronto-based Baseload Power has secured $9.445 million from Natural Resources Canada (NRCan) to significantly expand its AURA EV Charging network, adding 126 new fast EV chargers across Ontario, Quebec, and British Columbia. This funding agreement, announced today in Toronto, aims to boost Canada’s electric vehicle (EV) infrastructure, supporting the nation’s shift towards greener transportation. The […]
Bridging the Gender Gap in Cleantech with CICE Funding
Women remain underrepresented in the cleantech industry globally. In 2020, women made up approximately 30% of the clean energy workforce, highlighting a significant disparity as men comprised the remaining 70%. Leadership roles in cleantech also reflect this gap, with only 19% of Canadian cleantech companies having at least one female founder, and a mere 10% […]
Kyndryl and Microsoft Study Highlights Need for Increased Tech Integration in Sustainability Efforts
In a revealing look at global sustainability efforts, Kyndryl, the world’s largest IT infrastructure services provider, has released its second Global Sustainability Barometer study, commissioned by Microsoft and conducted by Ecosystm. Despite 84% of organizations prioritizing sustainability in their strategies, only 21% effectively leverage technology to minimize environmental impact, signaling a gap between ambition and […]
Foresight Unveils 2024 Foresight 50 List of Canada’s Most Investible Cleantech Ventures
Foresight Canada has revealed this year’s Foresight 50 list, recognizing Canada’s 50 most investible cleantech ventures. The 2024 list features trailblazing companies across diverse sectors delivering solutions to urgent challenges including waste reduction, sustainable housing, emissions reduction, and food security. The Foresight 50 Showcase addresses critical funding gaps by connecting cleantech innovators with climate-focused investors and […]
Deloitte Canada Fast 50: Oxygen8 Leads Clean Technology Category in Rapid Growth
Deloitte Canada has announced the winners of its Technology Fast 50, Enterprise—Industry leaders, Clean Technology, and Companies-to-Watch awards. Now in its 27th year, the Technology Fast 50 program recognizes the world-class achievements of Canada’s leading technology companies—highlighting their commitment to innovation, strong leadership, and rapid revenue growth. This year, the average three-year growth of the […]
Longbow Capital Closes Initial $150 Million for Energy Transition Fund
Longbow Capital, a private equity investment manager headquartered in Calgary with a 27-year track record and approximately $1.5 billion in assets under management, has announced the initial closing of its Longbow Energy Transition Fund II, securing $150 million in capital commitments. Anchor investors in this round include BDC Capital, TD Bank Group, and Caterpillar Ventures. […]
E2E Energy Solutions and Novus Earth Partner on Pioneering Geothermal Initiative in Alberta
Calgary’s E2E Energy Solutions, in partnership with Novus Earth, has taken a significant step toward advancing geothermal energy in Alberta with the signing of a Letter of Intent to develop the Latitude 53 Hinton Inc. project. Located just outside Hinton, Alberta, this ambitious geothermal initiative aims to showcase the power and versatility of geothermal energy […]