Ontario Teachers’ and Utilities Trust of Australia (UTA)/Morrison & Co acquired The Infrastructure Fund (TIF)’s ownership stake in Sydney Desalination Plant (SDP) to own 100% of the plant lease
Cummins (NYSE: CMI) made additional milestone investment in Loop Energy, provider of fuel cell electric range extenders for medium and heavy-duty transport applications. Wayne Eckerle, Cummins VP of Global Research and Technology, joined Loop Energy’s Board
BluWave (BlueWave-ai) closed $1.5M equity seed financing with OCE and a group of international private investors and $2.43M in non-dilutive financing from Sustainable Development Technology Canada (SDTC)
Industrial-grade batteries and UPS energy storage company Demand Power Group raised US $71M in equity and commitment of development and project finance from investors including Star America.
Caisse de dépôt et placement du Québec (CDPQ) increased stake in Azure Power Global Limited (NYSE: AZRE) to 50.9%
Innovacorp backed Metamaterial Technologies closed RTO with Continental Precious Minerals. The resulting issuer “Metamaterial Inc.” will commence trading on CSE under “MMAT”
BC Partners, Ontario Teachers’, GIC Private backed GFL Environmental “re-launched” IPO on TSX and NYSE to raise up to US $2.572B at a valuation of up to US $6.635B
Lipid-to-Hydrocarbon developer FORGE Hydrocarbons secured financing from Shell Ventures and Valent Low-Carbon Technologies.
Hydro-Québec formed strategic alliance with Innergex Renewable Energy Inc. (TSX: INE) with $661M investment for 19.9% stake and committed $500M for co-investments
Water purification cleantech company Acuva Technologies Inc. secured $5.4M funding. The company previously raised funding from entrepreneurship@UBC Ventures, BDC Capital, Interwest Enterprises, Genome BC, Western Economic Diversification Canada
British Columbia Investment Management Corporation (BCI) agreed to acquire a significant minority stake in Castik Capital controlled Waterlogic
Terramera secured Series B add-on led by ArcTern Ventures II, closing US $48.5M round from ArcTern, Ospraie Ag Science, S2G Ventures, IKEA GreenTech, EDC, BDC Capital Cleantech Practice.
Clairvest Group (TSX: CVG) and Clairvest Equity Partners V (CEP V) invested US $32 million in minority growth equity in DTG Recycle
ArcTern Ventures II final closed with $200M commitments Nysno, Investissement Québec, VCCI ($10M), OMERS, Equinor, TD Bank Group, Suncor, BDC Capital, unnamed pension fund, family offices
BC Partners, Ontario Teachers’, and GIC Private backed GFL Environmental to acquire American Waste from Ascione family for US $380M in cash and stock
ArcTern Ventures II secured $20M in commitments from Norway government-owned Nysnø Climate Investments and will open European office in Oslo, Norway
Energy storage company e-Zn secured $3.4M seed funding from Energy Foundry, MaRS Investment Accelerator Fund, Sustainable Chemistry Alliance, and Emeraude Capital.
