Calgary's got the Midas touch

Welcome to this week's Sunday Briefing. In this issue, discover Carbon Upcycling’s CO2 sequestering tech, plus five other stories you may have missed. Have a great day. We'll see you again on Wednesday.

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Carbon Upcycling makes list of top 100 global cleantech innovators

Calgary’s Carbon Upcycling, which provides a decarbonization solution for hard-to-abate industries, has once again been recognized as one of the world’s top 100 cleantech companies, helping address some of the most pressing challenges in the fight against climate change.

Carbon Upcycling’s tech captures carbon from the atmosphere and permanently stores it in industrial byproducts and natural materials. Currently, the company has its eye on industries using cement and concrete.

I guess it’s a bit like having a modern equivalent of the Midas touch — the carbon they take turns to…well, not gold. But perhaps something more practical.

"We're honored to be named to the 2024 Global Cleantech 100 for the second consecutive year," said Apoorv Sinha, CEO of Carbon Upcycling. "The cement and concrete industry require decarbonization solutions at a pace and scale that can achieve critical 2030 climate targets. Making the Global Cleantech 100 is a testament to the rapid technology scaleup and deployment that we have achieved to date, the cement industry partners we have engaged, and the syndicate of investors supporting our team."

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🤝 Funding, Deals, and Partnerships

• A head of steam: Calgary-based Eavor Technologies rides a wave of investment in geothermal energy. Last year the Calgary-based company secured a €91.6 million (CAD $134 million) grant from the European Union, raised $239 million in equity capital, and secured a $3.5 million contract with the U.S. Air Force. The Globe and Mail

• Balance Relocates to Alberta. Canada’s oldest and largest digital asset custodian announced that it has moved its corporate headquarters and relocated its core business from Toronto, Ontario to Calgary, Alberta. Balance

📰 Need To Know

• Parker: Blackline Safety marks $100 million in annual revenue, 20th year of protecting workers around the world. CEO and chair Cody Slater reports the company has progressed to be a globally connected safety leader with a staff of more than 500 — 350 of whom work out of the Calgary head office. Calgary Herald

• Calgary non-profit offers learn now, pay later learning for tech jobs. Momentum Calgary, a charity that offers programs and services to help people build their small businesses and careers, is offering a new payment model for students. Global News

• Innovator of the Week: Patrick Lor, Managing Partner of Panache Ventures. The venture capitalist is an active member of Calgary’s business community who invests his time and money into growing the local innovation ecosystem. Avenue Calgary

• These three Canadian tech unicorns are hiring. 1Password, Trulioo, Shopify are all looking to beef up their sales teams. Betakit

• Calgary startup founder takes top prize at Queen’s Entrepreneurs Competition. When Joanna Pariseau, founder and CEO of local Calgary food-tech startup Taste of the City, decided to pitch her business at Canada’s most prestigious undergraduate student entrepreneur competition, there wasn’t an expectation to win. Livewire Calgary

• UCalgary’s research expertise helps company validate new wound-care technology. A Calgary company has developed an innovative gel technology found to be more effective than current wound dressings in helping to heal chronic wounds. University of Calgary