Janus Electric (ASX:JNS) has signed a definitive agreement with a Toronto-based consortium to integrate its technology into a series of "closed-loop logistics hubs" across Canada.
The deal marks a major commercial validation for Janus, combining its proprietary heavy-duty EV conversion kits with advanced waste-to-energy infrastructure.
Under the agreement, Janus will export motor, drivetrain, and charging station components from its New South Wales facility to Ontario.
These will be installed in heavy-duty trucks by local dealers and powered by batteries manufactured in Canada by Electrovaya.
The unique "circular" aspect of the project involves using advanced pyrolysis to convert waste feedstocks into renewable fuel.
This system incorporates specialised CO2 recovery membranes to capture emissions, creating a negative-carbon power source that operates "behind-the-meter," independent of grid constraints.
The partnership addresses the primary hurdles of long-haul electrification—range and charging downtime—by allowing trucks to swap depleted batteries for fully charged packs in minutes.
To mitigate financial risk, Janus requires a 50% production deposit before manufacturing begins, contingent on the partner securing government incentives and asset lending.
While firm revenue guidance has not been issued, the initial rollout targets the delivery of 22 conversion kits and 67 batteries in 2026, scaling to 100 kits by 2027.
CEO Ben Hutt stated the ecosystem aims to offer "economically negative net cost" fuel, matching the duty cycles of traditional diesel fleets.
At the time of reporting, Janus Electric's share price was $0.14.