Published:
April 08, 2020
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Further Reading
Hydrostor raises funding
News Commentary | April 23, 2021
Natural Resources Canada and Sustainable Development Technology Canada have committed approximately $4 million for a 300 MW to 500 MW project led by Hydrostor. The funding will support near‑term goals like engineering and planning for the 12‑hour duration facility. Hydrostor officially backed out of... Not part of subscription
Svante receives $20 million investment from government of Canada to scale manufacturing in North America
News Commentary | July 19, 2021
Following Svante's $75 million Series D funding round in February, the company has received an additional $20 million investment from the government of Canada to support ongoing commercialization efforts. The funding comes from the Strategic Innovation Fund's Net Zero Accelerator and will help ... Not part of subscription
Opibus secures $7.5 million for electric mobility in sub-Saharan Africa
News Commentary | December 02, 2021
The funding secured by Opibus is the largest in electric mobility for sub‑Saharan Africa, and $7.5 million will be utilized to scale the company's electric motorcycle and bus manufacturing operations. Kenya has seen a large investment in electric mobility after the country's increasing bid to adopt ... Not part of subscription
by Chloe Herrera
The investment in the Richmond BC facility includes expanded production of its 20 MWh to 50 MWh battery pack, Blue Whale. Corvus Energy expects to begin shipping its products from the Richmond plant in 2021. Canada's National Research Council contributed to the investment to drive R&D efforts. Corvus was recently selected by Westcon Power & Automation to supply 1,500 kWh battery packs for a new hybrid vessel. The Canadian facility signals the company's intention to target North American markets, but electrification efforts in marine vessels have historically been driven by policy centered in Europe. Clients should be aware that North America lacks the same policy incentives, but the move gives Corvus a first-mover advantage.
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