The independently managed government fund is investing US$40 million. Existing backer Idealist Climate Impact Fund is joining other investors to fund the remaining US$15 million. (The Logic)

Talking point: Montreal-based Dcbel aims to use the money to expand across North America and Europe with its technology, which lets electric vehicles feed power back into home energy systems during blackouts, or to cut down on homeowners’ electricity bills during peak hours. The Volvo-backed company also helps EV drivers solar charge their cars. Canada Growth Fund, which was established by the federal government in 2023 but is managed by PSP Investments, said the investment will help Dcbel in “maintaining headquarters in Canada” and “protecting Canadian intellectual property.”