Money from Ottawa has made its way to a Burnaby business that specializes in clean technology and is working to help Canada reach its net-zero emission target by 2050.
Greenlight Innovation Corporation was recently granted more than $1.1 million from the Pacific Economic Development Agency of Canada (PacifiCan) to update its internal systems, improve inventory management and reduce operational costs.
The firm — located at 8339 Eastlake Dr. — tests equipment that develops and manufactures hydrogen fuel cells, electrolysers and energy storage devices.
All are technologies that play a "critical role" in transitioning to renewable energy from fossil fuels, Greenlight co-founder and managing director Ross Bailey explained.
"The Management of Greenlight Innovation is grateful to have been select by Pacifican for funding on this digitization project," he added.
"Investing in our internal business systems will help facilitate Greenlight's continued growth by streamlining our internal processes as we scale our operations."
The money will also create 45 new jobs, according to a news release from PacifiCan.
"Burnaby has become the central hub for clean energy businesses in the province and we look forward to building on this first summit and to continuing to grow this sector," said Burnaby Board of Trade president and CEO Paul Holden in the same statement.
Harjit Sajjan, Canada's minster for emergency preparedness, also responsible for PacifiCan, unveiled the seven-figure investment at the Burnaby Business Excellence Awards on Nov. 16
PacifiCan, according to its release, was created to work with regional partners enhance growth and diversify B.C.'s economy through innovation, business and job opportunity, and inclusiveness.