Harper Government Announces Significant Investments in Clean Technologies
Last week, the Honourable Greg Rickford, Canada’s Minister of Natural Resources, along with Jane Pagel, Acting CEO of Sustainable Development Technology Canada (SDTC), announced seven clean technology projects in Ontario receiving investments totalling over $26.8 million, supporting jobs, economic growth and the environment. These projects are benefitting from the Harper Government’s investment in SDTC’s SD Tech Fund™ through Canada’s Economic Action Plan.
These development projects will help reduce emissions, protect the environment and generate high-quality jobs:
- Grafoid Inc. in Ottawa will receive $8,121,000 to develop low-cost, environmentally sustainable, high-quality graphene with a minimal environmental footprint.
- OTI Lumionics in Toronto will receive $5,700,000 to implement a pilot production line capable of producing high volumes of organic light-emitting diode (OLED) lighting panels.
- Ranovus Inc. in Ottawa will receive $4,250,000 for commercializing technology that streamlines data through data centres reducing energy consumption four-fold.
- Kelvin Storage in Toronto will receive $2,800,000 to develop a Thermal Matrix Energy Storage (TMES) system to reduce greenhouse gas emissions produced by industrial facilities worldwide.
- Polar Sapphire in Mississauga will receive $2,650,000 for an energy-efficient process to produce high-purity alumina, used in the production of synthetic sapphire.
- GaN Systems in Ottawa will receive $2,188,000 to maximize the efficiency of electric vehicle chargers connecting to the power grid, reducing wasted heat and cutting power losses while batteries charge.
- Ionada in Concord will receive $1,100,000 to produce a cost-effective, energy-efficient marine scrubber to remove sulphur oxides from ship exhaust.
On February 18th, SDTC announced that the SD Tech and Natural Gas Funds have re-opened to new applications from the next wave of clean technology entrepreneurs.