Calgary’s Kanin Energy this month raised a major round of financing. The Alberta-based cleantech upstart was founded in 2020 by chief executive officer Janice Tran alongside Dan Fipke and Jake Bainbridge with a focus on capturing waste heat for power generation, district heating, and other industrial efficiency projects. North America’s industrial sector generates waste heat […]
Canada Growth Fund
Calgary’s Eavor Secures $138M to Advance Global Geothermal Push
Calgary-based Eavor Technologies has received a financing commitment of up to $138 million from Canada Growth Fund (CGF), reinforcing the city’s position as a hub for energy innovation. The deal includes an immediate $89 million investment and an additional $48 million pending milestone achievements. It follows CGF’s initial $90 million investment in October 2023 and […]