Smart Tech
Green IT, smart grid, demand response and telecommunications in the electricity system

News Briefs

  • Northland Power acquires DeBu offshore wind project +

    Northland Power has completed the acquisition of the Deutsche Bucht (DeBu) offshore wind project from Highland Group Holdings Ltd. The Read More
  • New shore power system operational in Montreal +

    The City of Montreal is now able to reduce greenhouse gas emissions from cruise ships docked at the Alexandra Pier Read More
  • BioAmber to take full control of Sarnia plant +

    BioAmber Inc. has inked an agreement to purchase Mitsui & Co Ltd.'s minority stake in its Sarnia joint venture. The Read More
  • OCGC names new chief executive +

    The board of directors at the Ontario Capital Growth Corp. (OCGC) has appointed Steve Romanyshyn as its new president and Read More
  • Boralex closes financing for France wind farm +

    Boralex Inc. has closed a $67.9 million financing for the 30 MW Chemin de Grès wind farm in France. The Read More
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Stock Market

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The Bloom Centre for Sustainability, or simply Bloom, is on the hunt for clean technology demonstration projects in Ontario. The Clean Technology Demonstration Program wants to fund 50% of projects costs that can achieve significant greenhouse gas emissions reduction in a number of different sectors.

The chief financial officer at lithium ion battery maker Electrovaya preached patience during the company’s first quarter 2017 financial results conference call on February 14. Richard Halka, executive VP and CFO, noted the drop in Q1 revenue to $1.1 million from $8.2 million in the first quarter of 2016 is “a temporary slowdown.”

That was a question Canadian Green Tech put to Wal van Lierop, president and chief executive at Chrysalix Venture Capital during an interview late last month. It was in light of 11 Canadian firms being selected to the prestigious Cleantech 100 list.

Smart city incubator InnoCité MTL is already having an impact as more than 80 agreements have been signed between businesses participating in the program and public organizations and private sector entities.

New data from PwC and CB Insights indicates that venture capital activity in Canada grew while the the rest of the world saw declines. Its latest MoneyTree Canada report for Q4 2016 and the full fiscal year says deal activity grew 7% with total investment of $1.7 billion being flat.

PwC VC trend 2015 2016