In September 2026, S2G Investments participated in an equity financing of up to US$100 million in Kanin Energy, a Calgary- and Houston-based developer, owner and operator of waste heat-to-power and industrial energy projects. S2G Investments led the financing with a commitment of up to US$50 million, alongside a matching commitment from Canada Growth Fund.
The financing will support Kanin Energy’s development, construction and operation of waste heat-to-power and other on-site power projects across North America, helping industrial operators reduce costs, improve energy reliability and lower emissions.
Osler, Hoskin & Harcourt LLP acted as Canadian counsel to S2G Investments in connection with its investment, with a team that included Richie Borins (Financial Services), Hugo-Pierre Gagnon (Corporate), Jean-Philippe Dionne (Tax), Stefane Manolakis (Emerging and High Growth Companies), Chelsea Rubin (Competition, Trade and Foreign Investment) and Cassandre Legault (Privacy and Data Management).
Key Contact
Partner, Financial Services, Toronto
Team
Partner, Corporate, Montréal
Partner, Tax, Montréal
Associate, Emerging and High Growth Companies, Montréal
Associate, Competition, Trade and Foreign Investment, Toronto
Associate, Privacy and Data Management, Montréal
