GreenFirst Forest Products has secured C$7.5 million from the Government of Ontario to upgrade its Chapleau facility. The funding includes C$5.9 million through the Forest Sector Investment and Innovation Program for a new sawline and high-speed planer, provided as a performance-based loan with up to 50% forgiveness. An additional C$1.6 million from the Forest Biomass Program will support feasibility work for a potential torrefied pellet facility. If developed, the pellet facility could create 30 direct and 70 indirect jobs whilst exploring new markets for forest biomass. Both the sawline and planer are installed and ramping up operations. Since 2021, GreenFirst has invested over C$70 million across its Ontario facilities.

Ontario-based HYGN Energy is developing hydrogen energy storage solutions for industrial power and off-grid electric vehicle charging through a new project funded by the Ontario Vehicle Innovation Network (OVIN). The project represents a total investment of over $2 million, including up to $696,000 from the Province of Ontario and over $1.2 million in industry contributions. HYGN Energy, partnering with Rainbow Concrete Industries and Debwewin-HYGN Technologies, will demonstrate its HYGN Hydrogen Battery at an active industrial site. The system stores electrical energy by producing hydrogen and oxygen through electrolysis, then converts it back to electricity through combustion-based power generation. Unlike conventional batteries, the technology does not use a fuel cell and produces hydrogen on-site from electricity and water, eliminating the need for specialised hydrogen infrastructure.

In support of the company's investment, Ontario provided $5 million in funding through the Advanced Manufacturing and Innovation Competitiveness (AMIC) stream of the Regional Development Program (RDP).