Electrical Business

Business News
SDTC opens its purse for next wave of cleantech entrepreneurs


August 27, 2014
By Anthony Capkun

August 27, 2014 – Sustainable Development Technology Canada (SDTC) is looking for the “next wave of innovative cleantech entrepreneurs” via the SD Tech Fund and the SD Natural Gas Fund—both of which are open for applications from today, August 27, to October 15, 2014.

“These funds are key to supporting cleantech innovations, launching them onto the world stage where Canada can participate in the burgeoning cleantech market, valued at more than $1 trillion today,” said Jane E. Pagel, SDTC acting president and CEO.

On behalf of the Government of Canada, SDTC helps commercialize Canadian clean technologies, readying them for growth and export markets. The SDTC portfolio currently comprises 246 clean technology projects with a total value of $2.2 billion (of which over $1.6 billion is leveraged primarily from the private-sector).

Through the SD Tech Fund, SDTC supports technology solutions focused on several priority areas, including:

• Clean energy: Technologies that enable clean energy production, distributed power generation and energy storage, as well as technologies related to carbon capture and storage, integrated energy systems, and biorefinery/biochemical production.

• Resource and energy efficiency: Technologies that encourage energy efficiency in buildings and industrial processes (with a focus on industrial water use efficiency).

• Northern and remote communities: Innovative technologies and solutions for self-sufficiency in smaller communities, including small-scale renewable energy and microgrid applications.

The SD Natural Gas Fund also focuses on several priority areas, including:

• Power generation e.g. higher efficiency power generation, emissions control technologies, natural gas storage solutions for remote locations.

• Renewable natural gas e.g. cost-effective, small-scale anaerobic digesters.

• Residential e.g. small-scale, affordable CHP units; technologies that improve the efficiency of residential heating and/or cooling.

• Commercial e.g. technologies that improve the efficiency of heating systems, measurement and data management to better control natural gas consumption, natural gas cooling systems.

• Industrial e.g. less energy-intensive hydrogen production.