Member News - July 2023


News from our members Baymag, Bosch, Condor, GOLDBECK SOLAR North America, BMW Group, Mercedes-Benz Group AG, Volkswagen Group Canada, SAP SE and Siemens Canada.

Our member company, Baymag, is thrilled to announce that they have financed and installed the largest solar array in the Municipal District of Bighorn at the Baymag plant in Exshaw, Alberta, together with the Bow Valley Green Energy Co-op (BVGEC) and KCP Energy.

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Our member company Bosch plans to acquire Paladin Technologies, Inc., headquartered in Vancouver, Canada – a leading provider of security and life safety solutions and system integration services in North America. With the acquisition of Paladin Technologies, Bosch Building Technologies expands its system integration business by entering the Canadian market and increasing its US operations.

Acquisition of Paladin Technologies: Bosch plans to expand its building services business in North America (

Our member company Condor celebrates one of the most significant milestones in the company’s 65-year history: the arrival of the long-haul A330neo aircraft in Toronto. The A330neo's eco-friendly design marks a significant stride in minimizing environmental effects. Condor's adoption of cutting-edge technology demonstrates its commitment to a more sustainable future in aviation.

The new Airbus A330neo Cabin Design (

Our member company GOLDBECK SOLAR North America has secured a loan for the construction of new solar PV projects in Canada and Chile. The Canadian projects, situated in Alberta, boast capacities of 61 MWp and 8 MWp respectively and form part of a joint venture between GOLDBECK SOLAR and Pathfinder Clean Energy.

GOLDBECK SOLAR secures €44m loan from RGREEN INVEST for 93 MWp in Canada and Chile (

Seven of the world’s leading automakers, including our members BMW Group and Mercedes-Benz Group AG, are creating a joint venture to accelerate the transition to electric vehicles in North America. They are planning to develop a new, high-powered charging network with at least 30,000 chargers in urban areas and along travel corridors of Canada and the US by 2030. The first stations are scheduled to open in the summer of 2024. The stations will focus on an elevated customer experience with various amenities and use renewable energy. 

Seven Automakers Unite to Create a Leading High-Powered Charging Network Across North America (

Pierre Boutin, CEO of our member company Volkswagen Group Canada, discussed the company's decision in an interview with the Toronto Star to establish their first EV battery plant in St. Thomas, Ontario. He emphasizes partnerships, sustainability, and job security, while addressing concerns about government subsidies and expressing confidence in the positive impact on manufacturing and carbon emissions.

Volkswagen Group Canada’s CEO on why Ottawa’s $13.2-billion EV plant investment is worth every penny (

Our member company SAP SE has recently made a groundbreaking move by investing into Canadian AI platform Cohere, a formidable rival to OpenAI's ChatGPT. This strategic direct investment in Cohere, along with similar investments in Aleph Alpha GmbH and Anthropic PBC, signifies SAP's dedication to embedding cutting-edge AI technology across its extensive portfolio and to enhancing its transformative impact.

SAP Advances Vision of Business AI with Investments in Aleph Alpha, Anthropic and Cohere to Complement $1+ Billion AI Commitment from Sapphire Ventures (

Our member company, Siemens Canada, introduced its global open digital business platform, Siemens Xcelerator, in Toronto at Collision Conference 2023, aiming to rapidly and extensively leverage the benefits of digitalization for its Canadian customers. 

Siemens launches Siemens Xcelerator in Canada: an open, scalable business platform to accelerate digital transformation in industry and infrastructure (

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