BDC leads US$50M funding round for Calgary-based lithium company - BNN Bloomberg

A new fund launched in November by the Business Development Bank of Canada to help foster the growth of homegrown climate technology has made its largest investment yet.

While BDC did not disclose the exact amount it invested itself , it confirmed its investment was the largest yet from its $400-million Climate Tech Fund II. Those technologies include things like lithium — a key component in the manufacturing of electric vehicle batteries — as well as other promising technologies such as hydrogen, carbon capture and storage, low-carbon concrete and more.

"Most of these technologies, and the ones we focus on in particular, are hard tech/deep tech opportunities. So as a function of that, they take more money, and they take longer," Corbett said. "Ninety per cent of our employees are Canadian, our manufacturing is done in Canada, the technology is Canadian — so we wanted that Canadian recognition," Hall said.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

BDC leads US$50M funding round for Calgary-based lithium companyA new fund launched in November by the Business Development Bank of Canada to help foster the growth of homegrown climate technology has made its largest investment yet. What are the Chinese money laundering conections
Источник: CTVCalgary - 🏆 26. / 68 Прочитайте больше »

The Daily Chase: Awaiting Bank of Canada Business Outlook Survey; Clearco CEO steps down - BNN Bloomberg​We're awaiting a fresh read on business and consumer sentiment this morning, with the Bank of Canada's Business Outlook Survey and Survey of Consumer expectations hitting the tape at 10:30 a.m. EST.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »

Bank of Canada's business and consumer surveys show signs of weakening economyWith high inflation and rising interest rates, the Bank of Canada says businesses expect sales to slow as consumers pull back on spending. Destruction by design. Greediness plays the biggest part.
Источник: TheTorontoSun - 🏆 23. / 68 Прочитайте больше »