Quebec has been pushing hard to make the province a hub for EV battery development
, luring companies with its low-carbon hydroelectricity and financial backing in tandem with the federal government. Premier François Legault and his cabinet colleagues have characterized the opportunity as an industrial revolution, with capital investment sums that the province hasn’t seen since Hydro-Québec undertook major dam projects in the 1950s and 1960s.
Northvolt spokesman Anders Thor did not immediately respond to a request for comment Tuesday. A spokesman for Mr. Fitzgibbon declined to comment. The federal and Ontario governments announced a deal in April to provide Volkswagen with up to $13.2-billion in subsidies for production support after the company builds a battery plant in St. Thomas, Ont. In June, Stellantis and LG Energy Solution reached a deal with those governments for as much as $15-billion in subsidies to restart construction on their EV battery factory in Windsor, Ont.
Northvolt currently produces batteries for transport and energy storage at a gigafactory in northern Sweden. It emphasizes sustainable production, with the plant powered by emission-free electricity. It has set a goal to produce 150 gigawatts of annual production capacity by 2030, with a focus on keeping a small carbon footprint through regional sourcing of materials and recycling.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Show us the money!': N.L. premier says open to hydro deal if Quebec pays upQUEBEC — Newfoundland and Labrador's premier says if Quebec wants a new hydro deal then the province needs to 'show us the money!' Andrew Furey made the comments today at the conference of New England governors and Eastern Canadian premiers, in Quebec City. Furey says Quebec needs to pay up if it wants to continue buying hydroelectric power from Labrador's Churchill Falls Generating Station when the existing agreement ends in 2041. The agreement from 1969 has earned Quebec more than $28 billion
Read more »
RCMP demolish last structure at Quebec’s Roxham Road migrant crossingThe RCMP will no longer maintain a 24/7 presence at Roxham Road but will continue to patrol the border with their U.S. counterparts
Read more »
RCMP demolish last structure at Quebec’s Roxham Road migrant crossingRoxham was always a popular crossing point for asylum seekers, but traffic skyrocketed when new refugee restrictions were announced in 2017.
Read more »
Amid Quebec killing spree, shooter went to Toronto Zoo, amusement park, coroner hearsPolice say Abdulla Shaikh shot three people – two in Montreal, one in Laval – before he was killed by police at a motel in St\u002DLaurent in August 2022.
Read more »
RCMP demolish last structure at Quebec’s Roxham Road migrant crossingLACOLLE, Que. — The last RCMP building is coming down at Roxham Road, which became an unofficial border crossing used by more than 100,000 migrants crossi
Read more »
Why a Quebec author’s use of a ‘sensitivity reader’ is making international wavesSome argue that sensitivity readers undermine a writer's creativity, while others maintain it is part of the editing process and shows due diligence has been done.
Read more »