On March 28, 2022, Entropy Inc., a subsidiary of Advantage Energy Ltd., has entered into a strategic investment agreement with Brookfield Renewable, securing a $300 million capital commitment. This investment will propel the deployment of Entropy's carbon capture and storage (CCS) technology on a global scale, particularly funding its Glacier Phase 1 and 2 CCS projects. Entropy is now well-positioned to expand its potential project pipeline and bolster its global commercial reach. The deal, structured as a hybrid security, acknowledges a pre-money valuation of $300 million for Entropy, with the potential for Brookfield Renewable to convert its investment into common shares. The agreement was facilitated by TD Securities Inc., Scotia Capital Inc., and Desjardins Securities Inc. as Entropy's agents. Brookfield's investment, channeled through the Brookfield Global Transition Fund I, aims to leverage its global influence to expedite the deployment of Entropy's innovative low-cost CCS solutions across various industries. For Advantage, this deal means its near-term capital needs for Entropy's growth are met without requiring additional capital, thanks to Brookfield's investment coupled with the expected Canadian CCS Investment Tax Credit. Advantage maintains control over Entropy until Brookfield's capital is substantially invested, potentially leading to Brookfield's 50% ownership in Entropy. Entropy has made swift progress since March 2021, with MOUs signaling over 3 million tonnes per annum and $1.5 billion of potential investments, not including potential projects from the Brookfield collaboration. Looking ahead, Entropy is set to make further strides in advancing CCS technology, with several projects approaching final investment decisions.