Competition aims to support companies working on technologies that convert carbon dioxide into useful products
CALGARY—Four innovative cleantech companies are through to the next round of Emissions Reduction Alberta’s Grand Challenge.
The government-funded organization’s competition aims to identify and support companies developing technologies that transform carbon dioxide from an unwanted byproduct into an asset.
“Government investment in innovation is critical to accelerate the transformative technologies that Alberta, Canada and the world will need to reduce both GHG emissions and costs,” Steve MacDonald, ERA’s CEO, said in a statement.
Formerly known as the CCEMC, the ERA Grand Challenge comes to a $10 million top prize, while each of the four companies to make it to round two will get up to $3 million to accelerate their research and development efforts over the next two years.
The four winning projects announced March 1 are:
The final $10 million prize will be awarded in 2019.