Energy & Power
SDTC ramps up funds for Schneider Electric, e-Zn, Opus One & more
September 20, 2016 By Renée Francoeur
September 20, 2016 – A number of energy projects have received support from Canada’s Ministry of Innovation, Science and Economic Development’s investment of over $39.6 million. $5.5 million in new funding for three previously funded Sustainable Development Technology Canada (SDTC) projects was also announced recently from the ministry.
“Through today’s investments, we hope to reinvigorate energy innovation in this country,” said Navdeep Bains, minister of Innovation, Science and Economic Development.
Some of the 14 projects approved for money through the SD Tech Fund include:
• SmartESS Inverter by Schneider Electric – Solar, receiving $1,803,186.
• Long Duration Energy Storage Technology for Solar Energy by e-Zn Inc., receiving $700,000.
• Transactive Energy Network by Opus One Solutions Energy Corp., receiving $5,353,500.
Previously funded SDTC projects up for more funds include:
• Distributed Grid-Scale Energy Storage by Temporal Power. New funding is $1.1 million bringing the total SDTC contribution to over $5 million.
• Underwater Compressed Air Energy Storage Demonstration by Hydrostor. New funding is $800,000, bringing the total SDTC contribution to over $2 million.
The projects are being carried out in British Columbia, Manitoba, Ontario and Quebec. The government notes Budget 2016 provides an additional $50 million over four years, beginning in 2017-18, to SDTC for the SD Tech Fund.
“The grant from the SDTC will allow us to bring a reliable, powerful and environmentally safe energy solution to an area where it would otherwise not be available,” said Xavier Datin, vice-president of Solar Off-grid and Residential at Schneider Electric. “Their commitment to spur the development and demonstration of innovative, clean technologies, such as the SmartESS solution, in these rural areas will benefit us all as global citizens.”
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