Canada Growth Fund (CGF) is investing up to $138 million to accelerate the deployment of Eavor Technologies’ clean energy technology, marking a significant step forward for Canada’s geothermal sector. Eavor, a Calgary-based company founded in 2017, has developed a proprietary closed-loop geothermal system called Eavor-Loop™. The system enables scalable, dispatchable clean heat and power production […]
Canada Growth Fund
Canada Growth Fund Invests $58M in Montreal’s dcbel to Boost Smart Home Energy Tech
Canada Growth Fund (CGF) has announced a $58 million investment in dcbel, a Montreal-based company developing bidirectional EV charging technology integrated with home energy management. The funding is part of a larger $80 million financing round, with Idealist Climate Impact Fund LP and other investors contributing up to $22 million. The investment will fuel dcbel’s […]
Federal ‘Growth Fund’ Reveals $50M Toward Venture Capital for Cleantech in Canada
Canada Growth Fund this month announced an official financial commitment to Longbow Capital. Longbow is a Calgary-based private equity investment manager with a decades-long track record of investing in energy, infrastructure, and technology. The company’s Longbow Energy Transition Fund II invests in businesses that are expected to benefit from the momentum behind North America’s energy […]
Nouveau Monde Graphite Secures $50M Investment from Canada Growth Fund and Québec
Nouveau Monde Graphite (NMG) has secured a USD $50 million equity investment from the Canada Growth Fund (CGF) and the Government of Québec, through Investissement Québec (IQ). The funding, subject to regulatory approvals, will help advance NMG’s Phase-2 Matawinie Mine and Bécancour Battery Material Plant toward commercial operations. The investment aims to support detailed engineering, […]
Canada Growth Fund and Strathcona Resources Partner on Carbon Capture Project
Canada Growth Fund has announced a strategic partnership with Strathcona Resources to build carbon capture and sequestration (CCS) infrastructure on Strathcona’s steam-assisted gravity drainage (SAGD) oil sands facilities across Saskatchewan and Alberta. Through the SAGD CCS Partnership, Strathcona will seek to capture and permanently store up to two million tonnes of carbon dioxide annually, with […]