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Kanin Energy said Wednesday it has secured backing from S2G Investments and the Canada Growth Fund to scale its waste-heat-to-power business for industrial operators in Canada and the U.S. (The Logic)
Talking point: Kanin works with industrial firms that generate large amounts of waste heat as a byproduct of their normal operations—capturing that heat and using turbines to convert it into baseload electricity which can be used by the host facility or sold. The company, which also has offices in Houston, is pitching its technology to oil and gas operations, cement plants, steel mills and mining processing facilities. It said in a release it has a commercial portfolio of about 50 megawatts of projects under construction or already operating.
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