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Exro lays off 60, ponders selling IP in strategic review

1 week ago

Exro lays off 60, ponders selling IP in strategic review

Exro Technologies Inc. (EXRO-T) announced it has laid off approximately 60 workers, including most in its Cell Driver and Coil Driver units, as it negotiates a credit facility and considers selling intellectual property as part of a strategic review.

Enwave expansion can provide for 'humongous' retrofits

A sizable expansion of Enwave Energy Corporation’s Green Heat system at the Pearl Street Energy Centre will enable more of Toronto's buildings to access low-carbon heating. Enwave commissioned the plant at a ceremony Wednesday morning.

KLEEN HY-DRO-GEN prepares for listing, commercialization

A hydrogen-powered home furnace developed by KLEEN HY-DRO-GEN Inc. can safely heat dwellings with water and electricity while producing no carbon emissions, said the team behind the Pickering, Ont.-based company.

Quebec pulls funding for Northvolt battery megafactory

Quebec is pulling the plug on its support for a battery cell megafactory championed by Sweden’s Northvolt AB, crushing hopes for what was supposed to be the biggest private sector project in the province’s history.

Solar Alliance accumulates deficit of $70M

Toronto-based Solar Alliance Energy Inc. (SOLR-X) reported revenues of $1.7 million for H1, down from $2.4 million a year earlier. As of June 30, the company had an accumulated deficit of $70 million.

Eguana Q2 revenue jumps 426% YoY

Calgary-based Eguana Technologies Inc. (EGT-X) reported Q2 revenue of $900,000, a 426 per cent increase year-over-year (YoY). Operating loss for the quarter was $698,385, down from $1.6 million in Q2 2024.

SHARC Energy Q2 revenue increases 9% YoY

Vancouver-based SHARC International Systems Inc. (SHRC-CN) reported Q2 revenue of $850,000, an increase of nine per cent compared to Q2 2024. Losses for the quarter increased by 15 per cent compared to Q2 2024 to $820,000

GreenPower faces delisting from Nasdaq

GreenPower Motor Company Inc. (GP-Q) said it had received a determination letter from Nasdaq, stating the company has not regained compliance with Nasdaq listing rules. GreenPower shares are scheduled to be delisted from the Nasdaq Capital Market on Sept. 5.

PyroGenesis signs $1.2M contract with cement industry client

Montreal-based electric plasma torch company PyroGenesis Inc. (PYR-T) has signed a $1.2-million contract with a European cement industry customer for the supply of a plasma torch system for a calcination furnace.

PowerBank advances 2.8 MW Day Hollow solar project

Toronto-based PowerBank Corporation (SUUN-Q) said its 2.8-megawatt (MW) Day Hollow solar project in upstate New York has secured site control. The project will have the capacity to power 374 homes.

Kia Canada puts pedal to the metal on EVs

Despite back-to-back years of record sales, Korean automaker Kia, which entered the Canadian market in 1999, believes it will reach new heights next year thanks to four new electric vehicles (EVs), including one that’s practically custom-made for Canadians.

Canada needs to get on board with balcony solar panels

Plug-in balcony solar panels have become popular in Germany and elsewhere in Europe, as well as in the U.S. These plug-and-play units aren't readily available in Canada, and could face bureaucratic hurdles in getting approved.

World’s largest sand battery switches on

The world’s largest sand battery has been inaugurated in Finland, capable of storing vast amounts of energy generated from renewable sources like solar and wind. The thermal storage system holds enough energy to power 10,000 homes.

AI is changing concrete formulations for the better

The search for concrete mixes that reduce carbon has research teams faced with hundreds of variables to consider. Teams at the Massachusetts Institute of Technology and Meta have each been using artificial intelligence (AI) to help reach some practical conclusions.

Japan has opened its first osmotic power plant

Japan has opened its first osmotic power plant in the city of Fukuoka. Only the second power plant of its type in the world, it is expected to generate about 880,000 kilowatt-hours of electricity per year.

Architects transform wind turbines into micro homes

Marking the first time a wind turbine nacelle has been used for housing, a Dutch building code-compliant home is an ambitious demonstration of the possibilities of upcycling, according to Jos de Krieger, co-founder of Blade-Made, the company behind the project.

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