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Quebec  + Canada + Cross Border News + Pacific Canada  + Industrial  | 
Switzerland's H55 is investing $100 million in its e-plane battery plant now under construction in the Montreal area.

Switzerland’s H55 Investing $100M in Montreal E-Plane Battery Plant

Switzerland’s H55 will invest $100 million over the next five years in its electric-plane battery plant now under construction in the Greater Montreal Area.

H55 provided more details on the project Wednesday as it broke ground near St-Hubert Airport in Longueuil, Que. The plant will include manufacturing, product development, research and development and customer-integration support.

Federal Transport Minister Pablo Rodriguez and Pierre Fitzgibbon, Quebec’s minister of economy, innovation and energy, participated in the groundbreaking ceremony. But they did not announce any new government investments in the facility.

In March, Ottawa provided a $10-million loan to H55 to help it develop the plant. H55 said it is “in discussions to officialise the support of the Quebec government.”

The company will continue to collaborate on battery-development projects with customers Pratt & Whitney, a Longueuil-based global airplane-engine manufacturer; CAE, Montreal-based aviation technology firm, and Harbour Air, a Vancouver-based seaplane airline.

Harbour Air is developing a fleet of e-planes.

H55’s new wholly owned Canadian subsidiary will develop and operate the plant.

Image: H55


Inside The Story

H55 Martin Larose

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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