Elevate Export Finance corp has a proud and special affiliation with Newfoundland and Labrador. In one example last year, we supported the sale and export of a cold shrimp processing plant to Latin America.
For those not as familiar with business in Newfoundland and Labrador, you may not know that it is fast becoming a growing technology hub and specifically, ‘green-energy.’ Last week, Mysa, a green technology company based in St. John’s secured equity investment of $1.8 million in support from Export Development Canada (EDC) - part of its matching program. Elevate is a designated partner of EDC.
Mysa is on track to becoming a global leader in the smart thermostat market, which enables consumers to control electric heat energy usage through apps.
As I have written several times before, the cost of green energy has been reducing, making it far more attractive to investors. It is also featuring prominently in government strategic policies around the world.
Elevate has been supporting a number of these companies, including solar and wind energy companies. We look forward to doing even more of this in the months and years ahead.