CED supports WattByWatt by $975K

LAVAL — Canada Economic Development for Quebec Regions (CED) announced a repayable contribution of $975,000 for WattByWatt. This CED support will enable the start-up to increase its production capacity.

Created in September 2020, WattByWatt is a business specializing in the production of renewable energy technology solutions. It has developed synthetic perovskite modules whose photovoltaic capacity makes it possible to convert solar and artificial light into electrical energy to recharge or power batteries such as those in electronic devices and smart card readers. The modules function indoors and outdoors and are more efficient and less costly to produce than traditional silicon-based solar cells.

CED’s support will enable the start-up to acquire automated production equipment and develop the capacity to produce at a large scale with more stable manufacturing processes, while also expanding its range of products.

“Our government is proud to support projects that will dynamize the Laval region. I am delighted to note that the funding granted to WattByWatt will enable the business to take a new step forward in its growth: It will be able to continue to innovate and develop its renewable energy technology solution. This investment will increase its productivity considerably, and this is excellent news for our region’s economy,” said Annie Koutrakis, MP for Vimy and parliamentary secretary to the minister of tourism and minister responsible for CED.