News
Pulse Energy is making headlines.
Tuesday, January 12th, 2010
$2.5 million of new funding announced to support deployment of Pulse Energy technology
Pulse Energy-led Consortium awarded SDTC funding to bring Energy Management Software to buildings across Canada
COMBATTING CLIMATE CHANGE BY INVESTING IN CLEANTECH: GOVERNMENT OF CANADA ANNOUNCES CLEANTECH COMPANIES TO RECEIVE $58 MILLION
Waterdown, Ontario – Sixteen clean technology projects from across Canada will receive $58 million in funding to help move innovative technology solutions to the market. The announcement, confirming the decision of the Board of Directors of Sustainable Development Technology Canada (SDTC), was made today by the Honourable Lisa Raitt, Minister of Natural Resources, and Vicky Sharpe, SDTC’s President and CEO.
“Our Government continues to help bring innovative renewable energy technologies from idea to marketplace,” said Minister Raitt. “Investing in these projects will stimulate the growth of a domestic clean energy industry, create high-quality jobs for Canadians and help protect our environment.”
“Through SDTC, the Government of Canada is helping cleantech companies convert their new technologies into market-ready products,” said SDTC Chairman Juergen Puetter. “When these companies bring their technologies to businesses and consumers, they create jobs, provide Canada a technological edge and contribute to an overall reduction in Canada’s greenhouse gas emissions”.
These innovative clean technologies involve many of Canada’s main economic sectors, including energy utilization, transportation and waste management. Some highlights of this round include:
-Technologies that will help reduce the environmental impacts of the transportation sector by using renewable energy such as electricity and hydrogen to power vehicles.
-Biomass-related technologies that will add value to Canada’s forestry and agricultural industries, furthering the development of a bio-based economy.
These new investments bring SDTC’s total portfolio value to over $1.5B. SDTC’s SD Tech Fund™ has completed fifteen funding rounds, committing $464 million to 183 clean technology projects, and leveraging over $1B from project consortia members. These figures include adjustments made to the portfolio.
SDTC’s investments to date are creating Canadian green jobs, have leveraged additional private sector investment of nearly $900 million and are expected to deliver an overall reduction of greenhouse gas emissions of between 5 and 12 Megatonnes – the equivalent of taking up to 1.5 million homes off the grid.
“The projects included in this funding round show Canada’s great potential and confidence in the cleantech sector,” said Vicky Sharpe, SDTC President and CEO. “Companies and countries around the world are looking to buy clean technologies. It’s through such promising innovations that Canada can seize the cleantech opportunity and become a technology seller to the world.”
The newly funded projects are representative of the investment priorities established in the SD Business Cases™, 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 www.sdtc.ca). The latest report on industrial freight transportation was released on December 2, 2009. Other sectors previously studied include clean conventional fuels, renewable electricity and commercial buildings.
SDTC will be launching its next call for Statements of Interest (SOI) for the SD Tech Fund on February 24, 2010. Applicants with projects that bring technological solutions which fall under the investment priorities established in the SD Business Cases™ and that address climate change, clean air, clean water and clean soil issues are encouraged to apply. Solutions that address more than one of these issues are of greatest interest.
About SDTC
SDTC is an arm’s-length foundation created by the Government of Canada which has received $1.05 billion 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™ supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels Fund™ supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.
SDTC operates as a not-for-profit corporation and has been working with the public and private sector including industry, academia, non-governmental organizations (NGOs), the financial community and all levels of government to achieve this mandate.
Detailed information on the 16 projects, including their descriptions, can be found at www.sdtc.ca
Round 15 funded projects:
1. Lead organization: Agrisoma Biosciences Inc., Vancouver, British-Columbia
Economic Sector: Agriculture
2. Lead organization: Automotive Fuel Cell Cooperation Corp. (AFCC), Burnaby, British
Columbia
Economic Sector: Transportation
3. Lead organization: Ballard Power Systems, Burnaby, British Columbia
Economic Sector: Transportation
4. Lead organization: Entropex, Sarnia, Ontario
Economic Sector: Waste Management
5. Lead organization: Exro Technologies Inc., Vancouver, British-Columbia
Economic Sector: Power Generation
6. Lead organization: Ferme Olivier Lépine inc., St-Alexis, Quebec
Economic Sector: Agriculture
7. Lead organization: HTEC Hydrogen Technology & Energy Corp., Delta, British
Columbia
Economic Sector: Transportation
8. Lead organization: MacDonald Dettwiler and Associates Inc., Brampton, Ontario
Economic Sector: Transportation
9. Lead organization: Morgan Solar Inc., Toronto, Ontario
Economic Sector: Power Generation
10. Lead organization: Nutra Canada, Champlain, Quebec
Economic Sector: Waste Management
11. Lead organization: Pulse Energy, Vancouver, British-Columbia
Economic Sector: Energy Utilization
12. Lead organization: RSW Inc., Montreal, Quebec
Economic Sector: Power Generation
13. Lead organization: SBI BioEnergy Inc., Edmonton, Alberta
Economic Sector: Energy Utilization
14. Lead organization: SunOpta BioProcess Inc., Brampton, Ontario
Economic Sector: Energy Exploration and Production
15. Lead organization: Tekle Technical Services Inc., Edmonton, Alberta
Economic Sector: Forestry, Wood Products and Pulp & Paper Products
16. Lead organization: Terragon Environmental Technologies Inc., Montreal, Quebec
Economic Sector: Waste Management
For more information, please contact:
Media Relations:
Patrice Breton, Director, Communications
SDTC
Tel: (613) 234-6313 x295
media@sdtc.ca
Application Process:
Rob Barkwell
Manager, Applications SDTC
Tel: (613) 234-6313 x349
applications@sdtc.ca
Jocelyne Turner
Press Secretary
Office of the Minister
Natural Resources Canada
Ottawa
(613) 996-2007
Media Relations
Natural Resources Canada
Ottawa
(613) 992-4447