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Clean technology enjoys a renaissance - BC News castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.
Clean technology enjoys a renaissance
Saltworks CEO Ben Sparrow, at the back end of a Saltworks desalination unit, says ESG-minded shareholders are pushing investments in clean-tech | Chung Chow
Since February, two B.C. clean-technology companies have raised a total of $200 million.
Loop Energy (TSX:LPEN), a hydrogen fuel cell company, debuted on the Toronto Stock Exchange in a $100 million initial public offering, and in March Svante, a carbon capture company, concluded a $100 million private equity raise.
They were the biggest financings for B.C. clean-tech companies since 2019, when Carbon Engineering, which is the direct air carbon capture space, raised $90 million in private equity and General Fusion raised $85 million.
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