Canadian government invests $45 million in cleantech companies

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Sustainable Technology Development Canada announced that it’s investing a total of $45 million to 17 cleantech initiatives across Canada.

The funding includes $39.6 million dedicated to 14 specific projects, and $5.5 million in three cleantech companies that have already received SDTC funding. The money comes from the $915 million SD Tech Fund, which invests in pre-commercial cleantech projects.

The projects are being carried out in British Columbia, Manitoba, Ontario, and Quebec. They span sectors including waste management; energy, exploration and production; power generation; energy utilization; and agriculture.

“Through today’s investments, we hope to reinvigorate energy innovation in this country,” said Innovation, Science and Economic Development Minister Navdeep Bains. “We want to see all industries, all sectors, indeed all Canadians, including the middle class, benefit from this country’s amazing potential for long-term growth and success. We imagine a Canada leading the world out of this period of slow growth.”

Bains made the announcement at DarkVision, which received $3 million from the fund and announced an $8 million Series A.

The funded projects and companies include:

British Columbia

Axine Water Technologies

Sector: Waste Management
Project Title: Electrochemical Treatment of Recalcitrant Industrial Wastewaters
Funding: $2,000,000

DarkVision Technologies Inc.

Sector: Energy, Exploration and Production
Project Title: Downhole Imaging System for Alberta In-Situ Oil Sands Wells
Funding: $3,000,000

Illusense Inc.
Sector: Energy, Exploration and Production
Project Title: Laser-based Technology for Inspection of Oil and Gas Pipelines
Funding: $1,600,000

Saltworks Technologies Inc.
Sector: Waste Management
Project Title: Removal and Destruction of Ammonia from Wastewaters
Funding: $4,000,000

Schneider Electric – Solar
Sector: Power Generation
Project Title: SmartESS Inverter
Funding: $1,803,186

Sepro Mineral Systems Corp.
Sector: Energy Utilization
Project Title: Sepro Continuous Gravity Concentration Technology
Funding: $440,000

Ontario

Advonex International Corporation
Sector: Energy Utilization
Project Title: Bio-derived Base Oil for Automotive and Industrial Lubricants
Funding: $4,250,960

e-Zn Inc.
Sector: Power Generation
Project Title: Long Duration Energy Storage Technology for Solar Energy
Funding: $700,000

Hatch Ltd.
Sector: Energy Utilization
Project Title: Blast Furnace Dry Slag Atomization and Recovery
Funding: $561,200

Rockport Networks Inc.
Sector: Energy Utilization
Project Title: Energy-Efficient Photonic Networking
Funding: $4,635,000

Opus One Solutions Energy Corporation

Sector: Power Generation
Project Title: Transactive Energy Network
Funding: $5,353,500

Quebec

Aeponyx Inc.

Sector: Energy Utilization
Project Title: Development of an Optical Circuit Switch for Telecommunication Applications
Funding: $1,900,000

Group NanoXplore Inc.

Sector: Energy Utilization
Project Title: Reducing the Footprint of Electric-Motor-Driven Systems, by using Graphene-Enhanced Engineering Plastics
Funding: $3,300,000

Manitoba

Farmers Edge Inc.

Sector: Agriculture
Project Title: Automated Decision Support System for Precision Agriculture
Funding: $6,107,563

SDTC investments for previously announced projects:

Ranovus Inc.

Project Title: Efficient Data Center Interconnect
New SDTC Funding: $3,650,000
Total SDTC Funding: $7,898,681

Temporal Power

Project Title: Distributed Grid-Scale Energy Storage
New SDTC Funding: $1,100,000
Total SDTC Funding: $5,247,236

Hydrostor

Project Title: Underwater Compressed Air Energy Storage Demonstration
New SDTC Funding: $800,000
Total SDTC Funding: $2,971,011

Jessica Galang

Jessica Galang

Jessica Galang is BetaKit's News Editor. Follow her on Twitter @jessicagalangg or send her pitches to jessica.galang@betakit.com.