The Climate Cycle

Up to 50% of industrial heat is wasted. For decades, cheap electricity meant nobody bothered capturing it. That's changing as industry looks for more power, better efficiency, and lower emissions.
Local energy networks turn that waste into value, letting neighbouring facilities trade surplus heat instead of losing it. The obstacle isn't proving it works - it's getting industrial neighbours to coordinate.
Léo Lamy-Laliberté and Daniel Bastien are co-founders of Local Energy (www.localenergy.ai), a Mila-backed startup that's accelerating projects and optimizing them for maximum efficiency. They're using machine learning to deliver better returns and unlock even more ambitious projects.
What we cover:
Why cheap electricity left industrial waste heat uncaptured for decades
The coordination problem: why this is a governance gap, not a technology gap
Local Energy's two tools: "Builder" to design a network, "Operator" to run it
Modelling 32 million project parameters instead of using spreadsheets
How Canada compares to Denmark and Germany, and what policy shift would close the gap
The path from a handful of Canadian sites to ten thousand
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Canada's built environment accounts for roughly 40% of national emissions - and building materials, one of the least-discussed corners of climate tech, are where a lot of that carbon actually lives.
In this episode, we look at the buyer side of the equation: how large, industrial customers that are producing building materials today approach low-carbon innovation.
Dennis Wilson is VP of ESG and Managing Director of Circular Economy Solutions at Saint-Gobain North America, one of the world's oldest and largest building materials companies.
Dennis sits on both sides of the innovation equation: he runs Saint-Gobain's internal decarbonization strategy and its external startup partnerships.
In this conversation:
How an ESG target turns into deployed capital
Why circular solutions are on the top of Dennis' priority list
What Saint-Gobain looks for before greenlighting a startup partnership
Balancing pilots with the need for solutions at mass-scale
What founders get wrong and why "we have a solution" isn't enough
Where pilot-to-procurement relationships break down, and what separates the ones that survive
It's an inside look at how industrial players think about integrating new solutions and decarbonizing at scale.
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Subscribe to our weekly newsletter⁠⁠⁠ for Canadian climate tech funding, news, and trends: ⁠https://climatetechcanada.ca/subscribe⁠
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Feedback or guest ideas: hello @ climatetechcanada.ca

A generation of climate tech was built on assumptions that no longer hold up. AI primitives and cutting-edge models are commoditizing software, creating new questions around the future of climate software.
We sit down with an investor and founder to unpack what the Saaspocalypse means for climate tech.
Geordan Hankinson is a Partner at Renewal Funds, a Vancouver-based impact VC with a track record of climate software exits including Opus One Solutions (acquired by ABB). Mike Hejmej is the CEO of Senpilot, an AI-native platform for electric utilities.
Geordan has backed and exited climate startups under the old software playbook, while Mike is building squarely inside the new one, betting that regulated, high-stakes deployment environments create a moat that a model alone can't replicate.
What we cover:
What the "SaaSpocalypse" actually means for climate software
Why the old software playbook is hitting a ceiling
Stress testing the idea that anyone can build production-ready software in hours or days
How utility buyers are actually evaluating build-vs-buy right now
Where moats still hold: physical infrastructure, regulated trust, and proprietary context
A speculative new playbook for climate software founders building today
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Show notes: https://climatetechcanada.ca/p/podcast-is-climate-software-dead⁠⁠⁠
Subscribe to our weekly newsletter⁠⁠⁠ for Canadian climate tech funding, news, and trends: https://climatetechcanada.ca/subscribe
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Feedback or guest ideas: hello @ climatetechcanada.ca

Cover art: Igor Omilaev on Unsplash

Canada's industrial carbon pricing system just went through its biggest redesign since it launched, trading ambition for stability. Depending on who you ask, the deal is either a major unlock - or a major step backwards.
We sat down with Etienne Rainville, VP for Central Canada at Clean Prosperity, a Canadian think tank that's been one of the most consistent voices for market-based climate policy. He's been making the case for carbon contracts for difference and was actively engaged as the Ottawa-Alberta negotiations unfolded.
We unpack what the certainty-price trade-off really means, how it impacts investment decisions - and where climate policy goes from here.
What we cover:
Why the industrial carbon market was broken - and what the gap between the $95 headline price and $30 trading price actually means
What changed: the new headline price schedule, the price floor, and how carbon contracts for difference work
Why the floor alone isn't enough - and what CCfDs do that regulation can't
What this means for founders and investors evaluating capital commitments
Whether renegotiating the system undermines its long-term credibility
How this deal impacts provinces beyond Alberta
And where we go from here
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Feedback or guest ideas: hello @ climatetechcanada.ca

Climate startups face a commercialization gap: They've proven the science, but are too risky for VCs - and too commercial for a government grant.
It's a gap that philanthropic capital is well-positioned to close.
Galith Levy is the CEO and co-founder of the Climate Solutions Prize, a dedicated philanthropic platform for climate innovation, deploying capital at the moment it matters most. Since 2020, they’ve deployed more than $12M in awards and unlocked over $120M in follow-on investment for winners.
What we cover:
Why a prize vs grants, funds, or donor-advised vehicles
The unique gap that philanthropic capital can address
How CSP structures the prizes to unlock follow-on investment
Why climate makes up just <2% of climate philanthropy - and how that can change
Family offices and the next-generation of climate capital
Communication impact returns - not just financial ones
What blended finance actually looks like in practice
Building the "Davos for climate"
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⁠Subscribe to our weekly newsletter⁠ for Canadian climate tech funding, news, and trends.
Enjoying the show? Leave a review on Spotify or Apple Podcasts!
Feedback or guest ideas: hello @ climatetechcanada.ca