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Governments and First Nations Partners Announce Progress on Ambitious Clean Energy Collaboration in Prince Edward Island

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SUMMERSIDE, PE, Feb. 21, 2025 /CNW/ – Prince Edward Island is taking bold steps to become Canada’s first net-zero province. The Canada-Prince Edward Island Regional Energy and Resource Table (Regional Table), a federal-provincial collaboration launched in 2022, supports this ambitious goal. The Regional Table works through government collaboration with Indigenous Partners and input from regional stakeholders.

Today, Bobby Morrissey, Member of Parliament for Egmont, on behalf of Canada’s Minister of Energy and Natural Resources, and the Honourable Gilles Arsenault, PEI’s Minister of Environment, Energy and Climate Action, announced the next step in advancing clean energy and resource priorities for Islanders with the release of The Prince Edward Island Regional Energy and Resource Table Framework for Collaboration on the Path to Net Zero (Collaboration Framework).

The Collaboration Framework outlines actionable opportunities to reduce pollution through cost-effective solutions. These initiatives strengthen Prince Edward Island’s position as a leader in the clean energy economy by focusing on three key areas:

Clean Electricity and Energy Storage – Scaling up renewable energy production and storage to meet the province’s growing demand for clean energy.Clean Fuels – Accelerating the shift from fossil fuels to renewable energy sources to affordably power homes, businesses and industries. Clean Technology Innovation – Expanding innovation in technologies that support the transition to a liveable future for everyone.

Working together will help address the need, and the opportunity, for Canada to innovatively strengthen energy security and affordability for Canadians, its like-minded international allies and our partners.  

Today’s announcement is supported by an additional $2.7 million in federal investments for clean energy and energy efficiency projects in the province including:

$1.8 million for the Na’ku’set Park Capacity Building Project;$300,000 for the Maritime Electric Mainland Transmission Connection Study;$307,000 for the Holland College Energy Management Project; and$285,000 for PEI’s Home Energy Labelling Project.

These new projects are in addition to recent federal investments in PEI’s energy priorities, including funding for more ambitious building standards through the Codes Acceleration Fund, and new funding up to $19 million for Maritime Electric Company’s Sustainable Electrification initiative.

As PEI moves toward its ambitious net-zero targets, the Collaboration Framework highlights the importance of fair and collaborative approaches to climate action. By aligning efforts across sectors and with First Nations partners, the province aims to build a greener and more prosperous future for all Islanders.

Quotes

“The Regional Energy and Resource Tables are a novel approach to collaboration that allows us to seize the enormous economic opportunities associated with building a low-carbon economy. Launching this Collaboration Framework under the Regional Tables initiative with the Government of Prince Edward Island and First Nations partners is a crucial step toward PEI’s goal of becoming Canada’s first net-zero province. I look forward to working together to make this goal a reality, including through federal funding for Islanders’ energy priorities.”

The Honourable Jonathan Wilkinson
Minister of Energy and Natural Resources

“In the fight against climate change, it only makes sense to play to our strengths. With renewable energy sources like strong winds and agriculture-based biomass, Prince Edward Island has an important part to play in building a net-zero economy and a sustainable future for our region — all while creating good, well-paying jobs.”

Bobby Morrissey
Member of Parliament for Egmont

“By aligning resources and timelines and better coordinating regulatory and permitting processes, we can turn Prince Edward Island’s strengths and unique mix of natural resources into a comparative advantage for the global, low-carbon economy. We have unique circumstances in the Atlantic region, and we need to move forward on battery storage, clean fuels, electrification and other innovative ideas and technologies we can implement on the path to net zero.”

The Honourable Gilles Arsenault
PEI’s Minister of Environment, Energy and Climate Action

 “Today’s announcement demonstrates how Indigenous-led solutions are key to achieving provincial, regional and national climate action goals. Lennox Island’s Na’ku’set Capacity Building Project will not only contribute to cleaner energy in the province, it will also encourage innovation, provide economic opportunities and create jobs for our community.”

Darlene Bernard
Chief, Lennox Island First Nation

“As we work toward a cleaner future, Abegweit First Nation is proud to play a key role in PEI’s transition to net zero. This collaboration places Indigenous leadership at the forefront, driving economic growth while preserving our land for future generations.”

Roderick Gould
Chief, Abegweit First Nation

“We are proud to partner with Lennox Island First Nation on our common goal of bringing affordable, reliable, on-Island renewable energy to customers on Prince Edward Island. The funding will provide important Indigenous capacity-building opportunities for Lennox Island, and the increased renewable energy generating capacity will help support electrification on PEI for our customers.”

Jason Roberts
President and CEO, Maritime Electric

“Environmental responsibility and environmental leadership are key pillars of the Holland College strategic plan. The funds provided by Natural Resources Canada through The Collaboration Framework are being used to develop an energy management system (EMS) for 13 of our facilities across the province. This investment aligns with our commitment to reduce carbon emissions and operational costs by optimizing energy use.” 

Alexander “Sandy” MacDonald
President, Holland College

Quick Facts

Regional Tables are underway in 10 provinces and territories: British Columbia, Manitoba, Ontario and the four Atlantic provinces (New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador) as well as the Northwest Territories, Nunavut and Yukon. Alternate collaboration tables have also been established with Alberta and Quebec.At the federal level, the Regional Tables are led by Natural Resources Canada and involve multiple federal institutions, including Innovation, Science and Economic Development Canada; the Regional Development Agencies; and the Canada Infrastructure Bank.The Government of Canada is actively investing in provincial and territorial energy priorities, including through the $35-billion Canada Infrastructure Bank, the $1.5-billion Critical Minerals Infrastructure Fund and the $4.5-billion Smart Renewables and Electrification Pathways Program.On July 18, 2023, federal ministers and Atlantic premiers agreed to renew the Atlantic Growth Strategy to harness the unique energy opportunities of the region such as critical minerals, hydroelectricity, onshore wind, offshore wind and small modular reactors.

Related Information

Backgrounder: Project Funding DetailsPEI Collaboration FrameworkRegional Energy and Resource TablesRegional Tables Launched to Collaboratively Drive Economic Opportunities in a Prosperous Net-Zero FutureGovernment of Canada Announces $19 Million to Support Electricity Modernization in P.E.I.Supporting high-performing building codes in Prince Edward Island

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SOURCE Natural Resources Canada

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DEFSEC Ships New BLISS (“Battlespace Laser Identification Sensor System”) To U.S. Army Yuma Test Center

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OTTAWA, ON, April 29, 2026 /PRNewswire/ – DEFSEC Technologies Inc. (TSXV: DFSC) (TSXV: DFSC.WT.U) (NASDAQ: DFSC) (NASDAQ: DFSCW) (“DEFSEC” or the “Company”) today confirmed that it has now shipped two new networked BLISSTM systems to the United States Army Yuma Test Center (US Army YTC) for test and evaluation.

The BLISSTM shipment today to the US Army YTC follows delivery of an earlier version, called BLDS (Battlefield Laser Detection System) to the U.S. Army last year for testing and trial activity.  BLISSTM is an enhanced, networked version of BLDS as the next step in the evolution of the Company’s technology roadmap for battlespace laser detection and intelligence.

The patent-pending BLISSTM system alerts operators to laser activity across the battlespace, providing critical early warning and valuable seconds to assess, evade, defend, and deploy countermeasures. Miniaturized BLISSTM sensors can be mounted on vehicles and fixed infrastructure, or worn on personnel, to affordably blanket a battlespace with sensors for enhanced survivability and situational awareness and battlespace intelligence in contested environments.  It transforms laser warning into shared, actionable battlespace information.

Beyond real-time detection, BLISSTM incorporates enhanced laser pulse signature capture and analysis to help identify the source, intent, and affiliation of detected emissions.  By enabling users to distinguish among known signatures, the system supports faster, more informed tactical decisions.

“The BLISSTM system shipped today to Yuma for US Army testing represents a major step forward in tactical-edge force protection and actionable battlespace intelligence for commanders,” said Sean Homuth, President and CEO. “This capability will provide operators with critical time, better information, and a meaningful operational advantage against laser-enabled threats, including those seen in current Middle East conflicts.”

DEFSEC expects to brief domestic and foreign delegations on its BLISS product at Canada’s upcoming annual defence and security show, “CANSEC”, May 27 and 28, 2026, in Ottawa.

About DEFSEC

DEFSEC (TSXV: DFSC) (TSXV: DFSC.WT.U) (NASDAQ: DFSC) (NASDAQ: DFSCSW) (FSE: 62UA) develops and commercializes breakthrough next-generation tactical systems for military and security forces. The company’s current portfolio of offerings includes digitization of tactical forces for real-time shared situational awareness and targeting information from any source (including drones) streamed directly to users’ smart devices and weapons. Other DEFSEC products include countermeasures against threats such as electronic detection, lasers and drones. These systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems, and all come integrated with TAK. The company also has a new proprietary less-lethal product line branded PARA SHOTTM with applications across all segments of the non-lethal market, including law enforcement. The Company is headquartered in Ottawa, Canada.

For more information, please visit https://www.defsectec.com

Forward-Looking Statements

This news release contains “forward-looking statements” and “forward-looking information” within the meaning of Canadian and United States securities laws (collectively, “forward-looking statements”), which may be identified by the use of terms and phrases such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “have sight of”, “believe”, or “continue”, the description of “optimism”, ” momentum” or “interest”,  the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking statements contain these terms and phrases. Forward-looking statements are provided for the purpose of assisting the reader in understanding us, our business, operations, prospects and risks at a point in time in the context of historical and possible future developments and therefore the reader is cautioned that such information may not be appropriate for other purposes. Such forward-looking statements are based on the current expectations of DEFSEC’s management and are based on assumptions and subject to risks and uncertainties that are documented in detail in the Company’s public filings. Forward-looking statements included in this include, but are not limited to: management’s belief of sufficiency of available financial resources to support forecasted activities in 2026 based on cash on hand, anticipated revenue streams and planned expenditures in the fiscal year, subject to execution of the Company’s operating plan and other risks and factors described  in its public filings; interest in DEFSEC LightningTM, BLISSTM or other products and services as well as timing of full implementation or commercial release thereof; the Company’s estimates of increases to annualized gross margin on a go-forward basis and extent thereof, if any; the stage of scaled production for the PARA SHOTTM technology into new training cartridges and timing of release thereof; and management’s belief that its extensive customer base of law enforcement agencies for ARWEN throughout North America is a ready market for its new products like PARA SHOTTM as well as DEFSEC LightningTM.

Although DEFSEC’s management believes that the assumptions underlying such forward-looking statements are reasonable, they may prove to be incorrect. The forward-looking statements discussed in this news release may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting DEFSEC, including DEFSEC’s inability to execute on its current operating plan and/or fiscal 2026 forecasted activities, DEFSEC’s inability to secure contracts and subcontracts (on the timelines, size and scale expected or at all), statements of work and orders for its products in fiscal 2026 and onwards for reasons beyond its control, the renewal or extension of agreements beyond their original term, the granting of patents applied for by DEFSEC, inability to finance the scale up to full commercial production levels for its physical products, inability to secure key partnership agreements to facilitate the outsourcing and logistics for its ARWEN® and PARA SHOTTM products, inability to commercialize DEFSEC’s Battlespace Laser Identification Sensor System (BLISS), inability to secure or complete the execution of government contracts, inability to drive growth in DEFSEC’s ARWEN® product line, inability to advance the commercialization of DEFSEC’s PARA SHOTTM products, delay or inability to launch DEFSEC’s Lightning SaaS offering, lower than expected or delayed demand for DEFSEC’s BLISS, overall interest in DEFSEC’s products being lower than anticipated or expected; general economic and stock market conditions; a stagnation or decrease in North American defense and public safety spending, adverse industry events; future legislative and regulatory developments in Canada, the United States and elsewhere; the inability of DEFSEC to implement and execute its business strategies; risks and uncertainties detailed from time to time in DEFSEC’s filings with the Canadian Security Administrators and the United States Securities and Exchange Commission, and many other factors beyond the control of DEFSEC. Although DEFSEC has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and DEFSEC undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its respective Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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SOURCE DEFSEC Technologies Inc

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SPX Cooling Tech Unveils the Marley® OlympusMAX™ Fluid Cooler

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Maximum Capacity. Trusted Performance.

OVERLAND PARK, Kan., April 29, 2026 /PRNewswire/ — SPX Cooling Tech, LLC announced the launch of the Marley® OlympusMAX™ Fluid Cooler, engineered to deliver unmatched performance, efficiency and design flexibility for mission-critical facilities. Designed to meet the evolving demands of data centers, industrial plants and high-density cooling applications, the OlympusMAX Fluid Cooler sets a new benchmark in dry and adiabatic cooling technology.

Built on a century of heat rejection expertise, the OlympusMAX Fluid Cooler brings a new level of performance in dry and adiabatic cooling.  It is available in both adiabatic and dry configurations. The bolt-on adiabatic module can be factory or field installed—or even installed after the equipment is operational in order to provide maximum flexibility in response to changing conditions and site demands.

As global data center density continues to expand, operators are increasingly seeking cooling solutions that balance performance, energy use, water use and operational flexibility. “OlympusMAX reflects our commitment to advancing cooling technology to support the evolving demands of mission-critical facilities,” said Dustan Atkinson, Director of Product Management for SPX Cooling Tech. “By offering scalable dry and adiabatic performance, engineered flexibility and streamlined installation, we’re helping facilities meet increasingly challenging demands while maintaining efficiency and long-term reliability.”

At the heart of the OlympusMAX adiabatic module is a patent-pending recirculating adiabatic design that significantly reduces blowdown, minimizing unnecessary water discharge while improving system efficiency. Unlike traditional once-through or spray systems, the unit’s recirculation technology delivers more uniform water flow across the pad – improving saturation efficiency, extending pad life and reducing mineral accumulation on critical components. The result is more predictable energy and water consumption – a critical advantage for performance-sensitive environments such as hyperscale data centers.

Engineered for uptime, the OlympusMAX features high-efficiency Marley Geareducer® gear drives, robust construction materials and integrated component redundancy, including mission-critical fan and VFD systems. With unit options ranging from 120 to 240 horsepower, the design maximizes cooling capacity per square foot, delivering industry-leading heat rejection density.

Installation and serviceability were key priorities in the system’s development. Each unit ships with a factory-assembled electrical access platform, single-point wiring connection, VFDs and PLC controls pre-installed, and full-size access doors with internal walkways. These features streamline installation while enabling safer operation and easier maintenance.

The launch underscores SPX Cooling Tech’s mission to provide flexible, high-efficiency heat rejection solutions across its full portfolio including dry coolers, adiabatic coolers, evaporative coolers, and cooling towers, ensuring customers have a single-supplier solution tailored to their operational strategy.

About SPX Cooling Tech, LLC
SPX Cooling Tech is a leading global manufacturer of cooling towers, fluid coolers, adiabatic and dry cooling systems, evaporative condensers, industrial evaporators and OEM aftermarket parts from brands that include Marley®, Recold® and SGS Refrigeration. Since 1922, our brands’ cooling systems, components and technical services have supported applications in heating, ventilation and air conditioning (HVAC), refrigeration, and industrial process cooling. SPX Cooling Tech and its product brands are part of SPX Technologies, Inc. For more information see www.spxcooling.com.

About SPX Corporation
SPX Technologies is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets. Based in Charlotte, North Carolina, SPX Technologies has approximately 4,700 employees in 16 countries and is listed on the New York Stock Exchange under the ticker symbol “SPXC.” For more information, please visit www.spx.com.

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SOURCE SPX Cooling Technologies

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AMTD’s TGE Reports Full Year Results with 27.7% Increase in Revenue, with 25.5% Increase in Total Assets and 9.1% Increase in Net Assets

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PARIS and LONDON and NEW YORK, April 29, 2026 /PRNewswire/ — The Generation Essentials Group (“TGE” or the “Company”) (NYSE: TGE, LSE; TGE), a NYSE and LSE dual-listed company and a subsidiary of AMTD Group Inc., today announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission, with summary highlights below:

Total Revenue increased by 27.7% from US$77.0 million to US$98.3 millionTotal non-GAAP Net Income increased by 3.2% from US$44.7 million to US$46.2 million Total Assets amounted to US$1,464.1 million (US$30.2/share)Net asset value amounted to US$839.1 million (US$17.3/share)

The annual report is available on the Company’s investor relations website at  http://thegenerationalessentials.com. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed to Investor Relations Office at ir@tge.media.

About The Generation Essentials Group

The Generation Essentials Group (NYSE: TGE; LSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L’Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties. Also, TGE is a special purpose acquisition company (SPAC) sponsor manager, with its first SPAC successfully raised and priced on December 18, 2025.

For The Generation Essentials Group:
IR Office
The Generation Essentials Group
EMAIL: ir@tge.media

View original content:https://www.prnewswire.com/news-releases/amtds-tge-reports-full-year-results-with-27-7-increase-in-revenue-with-25-5-increase-in-total-assets-and-9-1-increase-in-net-assets-302757926.html

SOURCE The Generation Essentials Group

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