The federal government will invest $13.3 million in B.C. clean-technology projects through Sustainable Development Technology Canada (SDTC).
They are among 17 new clean-technology projects being supported by SDTC across Canada with an investment of $53 million.
The fund’s directive is to help clean-technology companies in the agricultural, transportation, mining and energy sectors get to the commercial stage.
Minister of Natural Resources Joe Oliver said: “Our government is committed to supporting clean-energy technology in Canada as an effective measure to reduce greenhouse gas emissions and create high-quality jobs for Canadians.
“The projects announced today demonstrate our leadership in driving clean-energy technology innovation to help create a viable clean-energy industry in Canada.”
Today's announcement includes investments of:
- $2.4 million to Namgis First Nation in Alert Bay for a salmon re-circulating aquaculture project;
- $2.5 million to Shipstone Energy Corp. in Victoria for an energy-storage project;
- $1.5 million to Linnaeus Plant Sciences Inc. in Vancouver for a seed development project;
- $1.2 million to LaCima Corp. in Vancouver for an electric-vehicle project;
- $2.2 million to Cooledge Lighting Ltd. in Vancouver for a micro-LED lighting-system project; and
- $3.5 million to PAVAC Industries Inc. in Richmond for a coal power emissions reduction project.
Vicky Sharpe, president and CEO of SDTC, said: “The benefits of clean technologies for Canadians are clear. However, the impact of innovation comes through commercialization. Only when R&D reaches the market does it begin delivering results.
“By helping promising clean technologies reach the market faster, SDTC is ensuring that Canadians can enjoy their economic and environmental benefits sooner.”
Jennifer Harrison