OTTAWA, ONTARIO, July 28, 2011 - The federal government has announced a $53 million investment to help 17 new clean technology projects from across the country to reach the stage of commercialization.
The announcement was made today by Joe Oliver, Minister of Natural Resources, and Sustainable Development Technology Canada's (SDTC) President and CEO Vicky Sharpe.
"Through our support for cutting-edge clean energy technology we are creating high-quality jobs and protecting our environment," said Minister Oliver. "These projects demonstrate our leadership in driving technology innovation to help create a vibrant clean energy industry in Canada."
The 17 innovative clean technologies involve many of Canada's main economic sectors. Some highlights of this round include:
"This project has allowed us to pull together a consortium of world leading innovators in the field of Building Integrated PhotoVoltaics said Antoine Paquin, Founder, President and CEO of Solantro Semiconductor Corp.
"Our partners can be found in the UK, France, Germany, Austria, Benelux, Italy and the USA. All are committed to bringing true semiconductor economics to solar energy generation in residential and commercial applications," he added.
SDTC's SD Tech Fund(TM) has completed eighteen funding rounds, committing $548 million to 223 clean technology projects. These figures include adjustments made to the portfolio.
The newly funded projects are representative of the investment priorities established in the SD Business Cases(TM), a series of six reports published by SDTC and which provide strategic insights into specific economic sectors (available in the Knowledge Centre section of the SDTC website at http://www.sdtc.ca/).
Round 17 funded projects
1. Azule Fuel Inc., Sarnia, Ontario - Energy Utilization
2. BioAmber Inc., Montreal, Quebec - Energy Utilization
3. CarbonCure Technologies Inc., Halifax, Nova Scotia - Energy Utilization
4. Cooledge Lighting Inc., Vancouver, British Columbia - Energy Utilization
5. LaCima Corp., Vancouver, British Columbia - Transportation
6. Logistik Unicorp, Saint-Jean-sur-Richelieu, Quebec - Agriculture
7. Linnaeus Plant Sciences Inc., Vancouver, British Columbia - Agriculture
8. Namgis First Nation, Alert Bay, British Columbia - Agriculture
9. Northex Environnement inc., Contrecoeur, Quebec - Waste Management
10. Nova Green Inc., Killam, Alberta - Environmental Benefits: Clean Soil / Climate Change
11. N-Solv Corp., Calgary, Alberta - Energy Exploration and Production
12. Paradigm Shift Technologies Inc., Toronto, Ontario - Energy Utilization
13. PAVAC Industries Inc., Richmond, British Columbia - Power Generation
14. Rail-Veyor Technologies Global Inc., Lively, Ontario - Transportation
15. Shipstone Energy Corp., Victoria, British Columbia - Power Generation
16. Solantro Semiconductor Corp., Ottawa, Ontario - Power Generation
17. TM4 inc., Boucherville, Quebec - Transportation
Detailed information on the 17 projects, including their descriptions, can be found online at http://www.sdtc.ca/.
SDTC is an arm's-length foundation created by the Government of Canada as part of the Government's commitment to create a healthy environment and a high quality of life for all Canadians.
SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $550 million SD Tech Fund(TM) supports projects that address climate change, air quality, clean water, and clean soil.
The $500 million NextGen Biofuels Fund(TM) supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.
The announcement was made today by Joe Oliver, Minister of Natural Resources, and Sustainable Development Technology Canada's (SDTC) President and CEO Vicky Sharpe.
"Through our support for cutting-edge clean energy technology we are creating high-quality jobs and protecting our environment," said Minister Oliver. "These projects demonstrate our leadership in driving technology innovation to help create a vibrant clean energy industry in Canada."
The 17 innovative clean technologies involve many of Canada's main economic sectors. Some highlights of this round include:
- Technologies that will provide added value to farmers and make the agriculture sector more efficient, by helping to reduce the chemicals needed, allowing for better land use and providing added value to farmers
- Technologies that will reduce the costs of producing electric vehicles, therefore making them more accessible and accelerating their wide adoption
- Technologies that will help major Canadian industries such as the oilsands, petrochemical production and mining to reduce both their operating costs and their environmental footprint
"This project has allowed us to pull together a consortium of world leading innovators in the field of Building Integrated PhotoVoltaics said Antoine Paquin, Founder, President and CEO of Solantro Semiconductor Corp.
"Our partners can be found in the UK, France, Germany, Austria, Benelux, Italy and the USA. All are committed to bringing true semiconductor economics to solar energy generation in residential and commercial applications," he added.
SDTC's SD Tech Fund(TM) has completed eighteen funding rounds, committing $548 million to 223 clean technology projects. These figures include adjustments made to the portfolio.
"The benefits of clean technologies for Canadians are clear. However, the impact of innovation comes through commercialization: only when R&D reaches the market does it begin delivering results. Vicky Sharpe, (SDTC) President and CEO
"By helping promising clean technologies like the ones joining our portfolio today reach the market faster, SDTC is ensuring that Canadians can enjoy their economic and environmental benefits sooner."The newly funded projects are representative of the investment priorities established in the SD Business Cases(TM), a series of six reports published by SDTC and which provide strategic insights into specific economic sectors (available in the Knowledge Centre section of the SDTC website at http://www.sdtc.ca/).
Round 17 funded projects
1. Azule Fuel Inc., Sarnia, Ontario - Energy Utilization
2. BioAmber Inc., Montreal, Quebec - Energy Utilization
3. CarbonCure Technologies Inc., Halifax, Nova Scotia - Energy Utilization
4. Cooledge Lighting Inc., Vancouver, British Columbia - Energy Utilization
5. LaCima Corp., Vancouver, British Columbia - Transportation
6. Logistik Unicorp, Saint-Jean-sur-Richelieu, Quebec - Agriculture
7. Linnaeus Plant Sciences Inc., Vancouver, British Columbia - Agriculture
8. Namgis First Nation, Alert Bay, British Columbia - Agriculture
9. Northex Environnement inc., Contrecoeur, Quebec - Waste Management
10. Nova Green Inc., Killam, Alberta - Environmental Benefits: Clean Soil / Climate Change
11. N-Solv Corp., Calgary, Alberta - Energy Exploration and Production
12. Paradigm Shift Technologies Inc., Toronto, Ontario - Energy Utilization
13. PAVAC Industries Inc., Richmond, British Columbia - Power Generation
14. Rail-Veyor Technologies Global Inc., Lively, Ontario - Transportation
15. Shipstone Energy Corp., Victoria, British Columbia - Power Generation
16. Solantro Semiconductor Corp., Ottawa, Ontario - Power Generation
17. TM4 inc., Boucherville, Quebec - Transportation
Detailed information on the 17 projects, including their descriptions, can be found online at http://www.sdtc.ca/.
SDTC is an arm's-length foundation created by the Government of Canada as part of the Government's commitment to create a healthy environment and a high quality of life for all Canadians.
SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $550 million SD Tech Fund(TM) supports projects that address climate change, air quality, clean water, and clean soil.
The $500 million NextGen Biofuels Fund(TM) supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.
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