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Government of Canada Launches Strengthened Heat Pump Program with Nova Scotia, Addressing Affordability and Climate Goals

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DARTMOUTH, NS, Feb. 20, 2024 /CNW/ – Home heating oil is costly — not just for your pocketbooks, but also for the planet. Making the switch to an efficient heat pump can help Canadians save thousands of dollars each year on their energy bills and reduces household pollution. The benefits of switching to a heat pump are clear, and the Government of Canada has been bringing these benefits to Canadians through the Oil to Heat Pump Affordability (OHPA) program.

Today, Andy Fillmore, Member of Parliament for Halifax, on behalf of the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources; the Honourable Tory Rushton, Nova Scotia’s Minister of Natural Resources and Renewables; and Stephen MacDonald, President and CEO of EfficiencyOne, announced that Nova Scotia will co-deliver the strengthened OHPA program, in partnership with the federal government to make the shift to heat pumps even more affordable for more Canadians.  

Under the program, low-to-median-income households in Nova Scotia that heat their home with oil can now apply here to receive up to $30,000 in funding to cover the full cost of switching to a heat pump — including up to $15,000 from the Government of Canada’s OHPA program and up to $15,000 from the Province of Nova Scotia, with EfficiencyOne acting as the co-delivery partner. Making the switch can help save thousands of dollars on heating bills every year and reduce greenhouse gas emissions. Canadians’ strong demand for home energy upgrades creates a strong demand for green jobs, a skilled workforce, and the materials to enable them, strengthening Canada’s economy.

In addition to these increased grants, OHPA applicants will also soon be receiving an upfront, one-time payment of $250 from the federal government. This applies to all eligible applicants who heat their homes with oil and sign up for a heat pump through OHPA in a co-delivery jurisdiction going forward, as well as all those who have signed up since April 1, 2023.

The Government of Canada is currently working to make heat pumps even more affordable for more Canadians across the country through the co-delivery of the strengthened OHPA program with other provinces and territories, which will help Canadians save money at home while addressing climate change. In jurisdictions without federal-provincial/territorial co-delivery arrangements, oil-heated households have been and will continue to be able to apply for up to $10,000 in federal OHPA funding via the national portal, managed by Natural Resources Canada. The Government of Canada is keen and remains ready to develop and finalize strengthened OHPA co-delivery agreements with all provinces and territories that wish to bring these benefits to their residents

Quotes:  

“Making the switch to more energy-efficient heating systems does not just save energy and reduce families’ carbon footprint — it also helps Canadians save on their utility bills. That is why we are strengthening the Oil to Heat Pump Affordability program and ensuring that families are supported in making the switch from expensive heating oil to an efficient heat pump.”  

The Honourable Jonathan Wilkinson  
Minister of Energy and Natural Resources 

“We know the cost of living right now is a concern for Canadians. This investment will help Nova Scotians reduce their heating bills by switching from oil and using green technologies, like heat pumps. That means more money stays in the pockets of families while keeping harmful emissions out of the air.”

The Honourable Steven Guilbeault
Minister of Environment and Climate Change

“We are committed to fighting climate change while making life more affordable for Canadians. Today’s launch of a strengthened Oil to Heat Pump Affordability Program will help Nova Scotian homeowners buy and install a heat pump and, in turn, lower their energy bills, effectively free of cost.”

The Honourable Sean Fraser 
Minister of Housing, Infrastructure, and Communities

“Making the switch from oil heating to electric heating sources like a heat pump can help you save thousands of dollars on energy bills and reduces emissions. Today’s announcement of a strengthened Oil to Heat Pump Affordability Program will help ensure that Canadian households who need it the most have access to clean, reliable and affordable electric heating options.”

Andy Fillmore
Member of Parliament for Halifax

“We’re helping Nova Scotians get off expensive oil heat by strengthening the Oil to Heat Pump Affordability Program. This announcement will help so many folks afford to keep their homes nice and warm in the winter and cooler in the summer — with more money in their pockets!”

Darren Fisher 
Member of Parliament for Dartmouth–Cole Harbour 

“Affordability is top of mind for all Nova Scotians right now, and the cost of heating your home with oil is high. This funding will help Nova Scotians make the move to heat pumps so they can save their hard-earned dollars while helping the environment.”

The Honourable Tory Rushton
Minister of Natural Resources and Renewables, Government of Nova Scotia

“We are pleased to be co-delivering the OHPA grant with NRCan. These increased investment levels will help Nova Scotians do even more as they transition away from oil and provide certainty for industry to grow and plan for the future.”

Stephen MacDonald 
President and CEO, EfficiencyOne

Quick Facts:  

Heat pumps are two- to three-times more efficient than oil furnaces. The fact that heat pumps simply move heat, rather than generate it, is a large part of why they are more efficient and less costly than alternatives.The average Canadian home that uses heating oil spends $2,000 to $5,500 on energy bills per year, depending on the province or territory — making it the most expensive heating option. Homeowners who switch from an oil furnace to a cold-climate heat pump could save approximately $1,500 to $4,500 per year on their home energy bills.In Canada, oil furnaces and boilers generate around three million tonnes of CO2 every year — the equivalent of pollution from approximately 920,000 cars. Oil combustion in heating systems also generates nitrogen oxide, sulphur dioxide and fine particles that can be harmful to human health and the environment.In June 2023, Environment and Climate Change Canada (ECCC) announced up to $60.5 million funding through its Recapitalized Low Carbon Economy Fund to support lower-income Nova Scotian homeowners’ move from home heating oil to more affordable low-emitting heating technologies, like electric heat pumps.Since ECCC’s announcement, nearly 1,400 mini split heat pumps have been installed as part of Efficiency Nova Scotia’s HomeWarming program, and an additional 2,500 customers have been approved to have their installations occur in the coming weeks and months. This program expects to serve 10,186 qualifying low-income homeowners in Nova Scotia.

Related Information  

Oil to Heat Pump Program – Nova ScotiaEnhancements to the Oil to Heat Pump Affordability ProgramCanada Greener Homes InitiativeDelivering support for Canadians on energy billsCutting pollution and making life more affordable: Government of Canada announces $101.7 million to switch to cleaner energy in Nova Scotia

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SOURCE Natural Resources Canada

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Greenlane Renewables Announces Management and Board of Director Changes

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~Appointment of Stephanie Mason as CFO completes planned succession~

VANCOUVER, BC, Nov. 15, 2024 /CNW/ – Greenlane Renewables Inc. (“Greenlane”) (TSX: GRN) (FSE: 52G) today announces the appointment of Stephanie Mason as Chief Financial Officer (“CFO”), effective January 13, 2025.

Ms. Mason brings over 15 years of experience to her new role as Greenlane’s CFO. Ms. Mason has been with Greenlane for over 4 years, most recently as Director of Finance following a promotion from Corporate Controller. Prior to working at Greenlane, Ms. Mason gained experience at other TSX-listed renewable energy companies managing teams responsible for financial reporting, regulatory compliance and other finance activities. Ms. Mason developed her strong accounting foundation at PricewaterhouseCoopers where she obtained her CPA, CA designation.

“We are excited to welcome Stephanie into the role of CFO,” said Brad Douville, CEO of Greenlane Renewables. “Stephanie brings a depth of expertise in finance, reporting, and operations and provides continuity in leadership at Greenlane. Transitioning overall financial leadership from Monty Balderston to Stephanie starting at the beginning of 2025 completes a planned succession as we continue to advance our strategic goals in the RNG space. During his tenure as CFO over the last couple of years, Monty has provided solid leadership of the finance function at Greenlane and played a pivotal role on the senior management team. I want to thank Monty for all of his contributions.”

“I am honored to become Greenlane’s CFO. This is an organization recognized for its commitment to sustainability and innovation,” stated Ms. Mason. “I look forward to contributing to the company’s financial reporting strength and supporting its growth objectives.”

Mr. Balderston will remain as CFO until voluntarily resigning effective January 13, 2025. Mr. Balderston will support the transition to Ms. Mason upon her appointment, following which he will leave the Company on January 24, 2025.

Further to the management update announced on August 23, 2024, Ian Kane will be completing his transitional role as President and will leave the Company on November 22, 2024 when he will step down from Greenlane’s Board of Directors. The Company wishes to thank Mr. Kane for all of his efforts in helping drive Greenlane’s business plan.

About Greenlane Renewables

Greenlane is driving change: accelerating the energy transition to a net-zero emissions economy. We are cleaning up two of the largest and most difficult to decarbonize sectors of the global energy system: the natural gas grid and commercial transportation. As a pioneer and leading specialist in biogas upgrading, we have been actively contributing to the decarbonization of our planet for over 35 years. The systems we provide transform biogas generated from organic waste into high-value grid-ready renewable natural gas (“RNG”). Our systems produce clean, low-carbon and carbon-negative RNG from organic waste sources including agriculture (such as dairy and hog manure), water resource recovery facilities, food waste, landfills, and sugar mills. Greenlane is the only biogas upgrading company offering and actively deploying the three main upgrading technologies: waterwash, pressure swing adsorption, and membrane separation, plus proprietary biogas desulfurization technology. Greenlane has delivered over 145 biogas upgrading systems into 19 countries, including some of the largest RNG production facilities in the world, and over 160 biogas desulfurization units. For further information, please visit www.greenlanerenewables.com.

SOURCE Greenlane Renewables Inc.

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Eastside Distilling, Inc. Announces Private Placement Offering

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Eastside Distilling, Bridgetown Spirits Corp., a consumer-focused beverage company that builds craft inspired experiential brands and Beeline Financial Holdings, Inc. (“Beeline”), a digital mortgage technology and lending company, announces the completion of a private placement offering (the “Offering”) with accredited investors, resulting in gross proceeds of $1,615,000.

PORTLAND, Ore. and PROVIDENCE, R.I. , Nov. 15, 2024 /PRNewswire-PRWeb/ — Eastside Distilling, Inc. (NASDAQ: EAST) (“Eastside” or the “Company”), a holding company for Bridgetown Spirits Corp., a consumer-focused beverage company that builds craft inspired experiential brands and for Beeline Financial Holdings, Inc. (“Beeline”), a digital mortgage technology and lending company, announces the completion of a private placement offering (the “Offering”) with accredited investors, resulting in gross proceeds of $1,615,000. Under the terms of a Securities Purchase Agreement, the Company sold $1,938,000 in original issue discount Senior Secured Notes (the “Notes”) and Pre-Funded Warrants to purchase 363,602 shares of Common Stock (the “Warrants”).

Joseph Gunnar & Co., LLC acted as the exclusive placement agent in connection with the Offering.

For an overview of the terms of the securities and transactions involved in the Offering, and copies of the forms of transaction documents entered into in connection therewith, please refer to the Company’s Current Report on Form 8-K filed on November 15, 2024 with the Securities and Exchange Commission. The Company plans to utilize the net proceeds for working capital and general corporate expenses, among other uses.

About Eastside Distilling

Eastside Distilling, Inc. (Nasdaq: EAST) is a producer of award-winning craft spirits, including whiskey, vodka, and rum. Founded in Portland, Oregon, Eastside is committed to quality, innovation, and sustainability, delivering exceptional products that reflect the spirit of the Pacific Northwest.

About Beeline Financial Holdings, Inc.

The Company recently closed on a merger with Beeline Financial Holdings, Inc. Beeline is a technology-driven mortgage lender offering a fully digital, AI-enhanced, platform that simplifies and accelerates the home financing process for homeowners and property investors. Based in Providence, RI, Beeline is dedicated to transforming the mortgage industry through innovative technology and customer-centric solutions.

Media Contact

Nick Luzza, BEELINE MORTGAGE , LLC Refinance, 1 4014184461 4014184461, nick@makeabeeline.com, https://www.eastsidedistilling.com/ 

View original content:https://www.prweb.com/releases/eastside-distilling-inc-announces-private-placement-offering-302306634.html

SOURCE BEELINE MORTGAGE , LLC Refinance

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The game-changer: New partnership between real estate tech innovator and luxury brokerage investor just gave agents at select firms valuable advantages and ease

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DALLAS, Nov. 15, 2024 /PRNewswire/ — The parent company of Briggs Freeman Sotheby’s International Realty, the leading luxury brokerage in Dallas, Fort Worth and all of North Texas, announces its groundbreaking partnership with Rechat, real estate’s only AI-powered Experience Management Platform for agents.          

Peerage Realty Partners, the world’s largest strategic investor in Sotheby’s International Realty affiliates, and Dallas-based Rechat have just advanced the real estate industry in a significant leap, through state-of-the-art technology. With the partnership, Rechat is now offering its advanced suite of tools and services to all Peerage Realty Partners brokerages — 206 offices across the U.S. and Canada — equipping its advisors with valuable advancements in real estate technology.          

Rechat was built to solve a universal and persistent problem faced by agents: the need to toggle between disparate platforms to manage the various aspects of their business. Briggs Freeman Sotheby’s International Realty has been working with Rechat almost since its beginning, as a first client, test case and collaborator. Now, years of innovation later, Rechat includes a marketing center, people center and deals center, allowing advisors to work within one integrated ecosystem to streamline tasks, automate listing marketing, create high-quality collateral, track transactions and more.          

Says Rechat CEO Shayan Hamidi: “We are dedicated to equipping agents with all of the tools they need — in one single tab or one single app — to excel in today’s competitive market.”          

Peerage Realty Partners is a leading residential real estate services firm, serving luxury markets across North America. Its brokerage partners include top Sotheby’s International Realty affiliates and other renowned independent firms. It has more than 6,100 advisors across 206 offices in the U.S. and Canada, to whose brokerages it provides strategic input, technology, marketing, operational expertise and much more. Its primary goal is to continually enhance the client, advisor and brokerage experiences through every phase of a transaction and beyond. Peerage Realty is projected to transact about $34.8 billion in sales in 2024 through its partner firms. Peerage Realty Partners, based in Toronto, Canada, has the unique benefit of being a privately owned enterprise, committed to long-term partnerships and investments.  

Says Gavin Swartzman, CEO of Peerage Realty Partners: “We are delighted to partner with Rechat to enhance our technological capabilities and provide our advisors with industry-leading tools. This collaboration aligns seamlessly with our ongoing commitment to leveraging innovation to better serve our clients and propel growth across our network.”    

To learn more, visit briggsfreeman.com, rechat.com and peeragerealty.com.

Peerage Realty Partners — the parent company of Dallas-based Briggs Freeman Sotheby’s International Realty and the world’s largest strategic investor in Sotheby’s International Realty affiliates — and Dallas-based Rechat, the creator of real estate’s only AI-powered Experience Management Platform for agents, have just advanced the real estate industry via state-of-the-art technology. With the partnership, Rechat is now offering its advanced suite of tools and services to all Peerage Realty Partners brokerages — 206 offices across the U.S. and Canada — equipping its advisors with valuable advancements in real estate tech. Rechat has eliminated the need for agents to toggle between disparate platforms to manage the various aspects of their business. After years of collaboration with Briggs Freeman Sotheby’s International Realty, Rechat now includes a marketing center, people center and deals center, allowing advisors to streamline tasks, automate listing marketing, create collateral, track transactions and more.

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-game-changer-new-partnership-between-real-estate-tech-innovator-and-luxury-brokerage-investor-just-gave-agents-at-select-firms-valuable-advantages-and-ease-302306550.html

SOURCE Briggs Freeman Sotheby’s International Realty

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