Boeing has invested $10.3 million in Newfoundland-based Solace Power to expand its aerospace presence and foster economic growth in Atlantic Canada. This strategic investment is part of Boeing’s Industrial and Technological Benefits (ITB) commitment to Canada following its selection to provide the P-8A Poseidon for the country’s long-range multi-mission aircraft program. “Boeing’s investment ignites a […]
News
Toronto’s Edgecom Secures Funding to Advance Energy Management Technology
A Toronto-based energy management software company this week closed a round of investment. Edgecom Energy recently announced the closing of “a significant investment.” The round was led by Toronto’s Greensky Ventures and included participation from ABB Electrification Ventures. The strategic funding is earmarked to support Edgecom’s expansion into new energy markets and accelerate the growth […]
Canadian Solar Opens Global Headquarters in Kitchener
Canadian Solar, a global leader in solar power and renewable energy, has officially opened its new global headquarters in Kitchener, marking a significant milestone in its 23-year history. Founded in 2001 by Dr. Shawn Qu in Guelph, Canadian Solar has grown from a startup into a global powerhouse with approximately 20,000 employees and operations in […]
Peloton Unveils Suite of Tech Tools with Aim to ‘Supercharge’ Alternative Energy Projects
Calgary’s Peloton has announced an expansion into the alternative energy sector. The provider of energy software solutions, established in the early 90’s, says its latest initiative “addresses the complexities of land agreement management for solar, wind, utilities, mining, geothermal, and carbon capture projects.” Peloton points out that renewable energies such as wind and solar demand sizeable […]
CICE and BC Hydro Launch $3M Energy Storage Innovation Fund
The B.C. Centre for Innovation and Clean Energy (CICE) has launched the Call for Energy Storage Innovation, a strategic partnership with BC Hydro aimed at advancing scalable energy storage solutions and grid innovations across the province. The initiative, announced today, offers up to $3 million in non-dilutive funding for projects that accelerate the commercialization of clean energy technologies. “We have […]
Moment Energy Accelerates EV Battery Repurposing with $22M Boost
Vancouver-based cleantech company Moment Energy has announced the successful close of a $21.6 million Series A funding round, co-led by the Amazon Climate Pledge Fund and Voyager Ventures. This investment positions Moment Energy to accelerate its mission of transforming retired electric vehicle (EV) batteries into sustainable battery energy storage systems (BESS). Moment Energy’s BESS technology caters to […]
Svante and Tenaska Partner to Boost Industrial Carbon Capture Efforts
Burnaby’s Svante Technologies, a leader in carbon capture technology, has announced a new partnership with Tenaska, a major provider of CO2 transportation and storage services. The two companies signed a Memorandum of Understanding (MOU) to deliver affordable and integrated solutions for industrial carbon capture and storage (CCS). This partnership aims to tackle global industrial emissions […]
U.S. Cleantech CEO Wonders: Has Canada’s Innovation Pipeline Begun to Lose Momentum?
The 2025 edition of the Global Cleantech 100 list has been revealed. Since 2009 the annual ranking, hosted by San Francisco research firm Cleantech Group, identifies 100 private companies positioned to make impacts in the clean technology sector over the next few years. Canada, among those at the forefront of energy transitions aiming for “Net […]
Deep Sky Secures 100% Renewable Power for Alberta Facility through Low Carbon Partnership
In a significant move for the clean energy and carbon removal sectors, Quebec-based carbon removal developer Deep Sky has entered into a 10-year Power Purchase Agreement (PPA) with UK-based renewable energy company Low Carbon. The agreement will supply Deep Sky’s first Alberta facility, Deep Sky Alpha, with 10 gigawatt hours (GWh) of renewable energy annually […]
Foresight Canada Opens Nominations for 2025 Cleantech Awards
Foresight Canada has officially opened applications for its 2025 Cleantech Awards, spotlighting innovative ventures and ecosystem leaders driving economic growth and sustainability in British Columbia (BC), Alberta, and Atlantic Canada. Since launching in 2020, the awards have recognized standout companies like Moment Energy, recently awarded $28.1 million by the U.S. Department of Energy, and Arca, […]