Feds hand out $45M in new cleantech funding
by Cleantech Canada Staff
SDTC invests in 14 new projects, increases funding for trio of others
Three of energy storage firm’s Hydrostor’s underwater “balloon” prototypes. The company received $800,000 in new funding from the SDTC. PHOTO: Toronto Hydro
VANCOUVER—The federal government is investing just over $45 million in 17 cleantech projects in four different provinces.
Funds from Sustainable Development Technology Canada (SDTC) include $39.6 million for 14 new technology projects in Ontario, B.C., Quebec and Manitoba, as well as $5.5 million for three companies that have previously received investments from the arms-length government agency.
“The goal is to support globally competitive Canadian companies that produce tangible environmental benefits that also make Canada’s economy more competitive,” Leah Lawrence, the organization’s president and CEO, said.
Among the new funding recipients are DarkVision Technologies Inc., which is working on an imaging technology for use in Alberta’s oilsands and Saltworks Technologies Inc., a B.C. startup working on a process to eliminate ammonia from wastewater.
Meanwhile, balloon-based energy storage company Hydrostor and flywheel storage firm Temporal Power are among the three previously-funded companies to receive further investments.
A complete list of the funding recipients can be found here.
