cap-and-trade

Ontario clean-tech projects gets $26.8-mil boost

Wednesday, February 25, 2015

The Canadian government is investing more than $26.8 million in advanced clean technology projects developed in Ontario.

The investment from Sustainable Development Technology Canada’s (SDTC) SD Tech Fund™ went to seven innovative projects that will potentially meet market demand and help reduce emissions and protect the environment.

The projects in order of funding amount:

  • Grafoid Inc. in Ottawa will receive $8,121,000 to develop low-cost, environmentally sustainable, high-quality graphene with a minimal environmental footprint.
  • OTI Lumionics in Toronto will receive $5,700,000 to implement a pilot production line capable of producing high volumes of organic light-emitting diode (OLED) lighting panels.
  • Ranovus Inc. in Ottawa will receive $4,250,000 for commercializing technology that streamlines data through data centres reducing energy consumption four-fold.
  • Kelvin Storagein Toronto will receive $2,800,000 to develop a Thermal Matrix Energy Storage (TMES) system to reduce greenhouse gas emissions produced by industrial facilities worldwide.
  • Polar Sapphire in Mississauga will receive $2,650,000 for an energy-efficient process to produce high-purity alumina, used in the production of synthetic sapphire.
  • GaN Systems in Ottawa will receive $2,188,000 to maximize the efficiency of electric vehicle chargers connecting to the power grid, reducing wasted heat and cutting power losses while batteries charge.
  • Ionada in Concord will receive $1,100,000 to produce a cost-effective, energy-efficient marine scrubber to remove sulphur oxides from ship exhaust.

SDTC has recently opened new applications for clean technology entrepreneurs until April 15, 2015.