Canadian Government Announces Significant Investments in Clean Technologies

TORONTO, Feb. 20, 2015 /CNW/ – The Honourable Greg Rickford, Canada’s Minister of Natural Resources, along with Jane Pagel, Acting CEO of Sustainable Development Technology Canada (SDTC), today announced seven clean technology projects in Ontario receiving investments totalling over $26.8 million, supporting jobs, economic growth and the environment.

These development projects will help reduce emissions, protect the environment and generate high-quality jobs:

  • Grafoid Inc. in Ottawa will receive $8,121,000 to develop low-cost, environmentally sustainable, high-quality graphene with a minimal environmental footprint.
  • OTI Lumionics in Toronto will receive $5,700,000 to implement a pilot production line capable of producing high volumes of organic light-emitting diode (OLED) lighting panels.
  • Ranovus Inc. in Ottawa will receive $4,250,000 for commercializing technology that streamlines data through data centres reducing energy consumption four-fold.
  • Kelvin Storage in Toronto will receive $2,800,000 to develop a Thermal Matrix Energy Storage (TMES) system to reduce greenhouse gas emissions produced by industrial facilities worldwide.
  • Polar Sapphire in Mississauga will receive $2,650,000 for an energy-efficient process to produce high-purity alumina, used in the production of synthetic sapphire.
  • GaN Systems in Ottawa will receive $2,188,000 to maximize the efficiency of electric vehicle chargers connecting to the power grid, reducing wasted heat and cutting power losses while batteries charge.
  • Ionada in Concord will receive $1,100,000 to produce a cost-effective, energy-efficient marine scrubber to remove sulphur oxides from ship exhaust.

On February 18th, SDTC announced that the SD Tech and Natural Gas Funds have re-opened to new applications from the next wave of clean technology entrepreneurs.

Quick Facts

  • Canada possesses one of the cleanest electricity mixes in the world with just under two-thirds of its electricity coming from renewable sources — the highest in the G7.
  • In 2013, Canada was the second-fastest growing clean energy market in the G20.
  • Canada’s per-capita GHG emissions are now among their lowest level since tracking began.
  • In 2013, the Canadian Government announced $325 million over eight years in support for SDTC for advanced research projects resulting in a cleaner environment.
  • SDTC’s SD Tech Fund™ has supported 269 projects with $684 million allocated by the federal government.
  • 57 of the more mature companies supported by SDTC have received $2.5 billion in follow-on financing as of December 2013, meaning that for every dollar invested by Canada in these companies, the marketplace has responded with $14 of private capital.
  • The SD Tech Fund™ supports projects that address climate change, air quality, clean water and clean soil, providing solutions to key Canadian industries that increase efficiency and enhance environmental responsibility.

Quotes

“Our government is investing in advanced clean energy technologies that create well-paying jobs and generate economic opportunities. Today’s announcement contributes to economic prosperity and a cleaner environment in Ontario and across Canada.”

The Honourable Greg Rickford
Canada’s Minister of Natural Resources

“The projects announced today are great examples of the Canadian clean tech initiatives and true entrepreneurship that drive SDTC’s portfolio. By supporting these innovative technologies, SDTC is investing in efficiency and environmental performance — which translates into a cleaner environment. We look forward to working with these companies to get their products closer to commercialization.”

Jane Pagel
Acting CEO of Sustainable Development Technology Canada (SDTC)

“Grafoid Inc., a complete solutions graphene company and Canada’s graphene standard bearer in global markets, is very pleased and grateful to the Government of Canada and SDTC for their $8.2-million contribution in support of our development of an automated production method for our proprietary MesoGraf™ graphene process. We see SDTC’s funding commitment as a tacit recognition by the Government of Canada of Grafoid’s leading science as we advance the commercialization of graphene — a material with the potential to benefit humanity.”

Gary Economo
Co-founder and Chief Executive Officer, Grafoid Inc.

Grafoid

Grafoid is a Canadian graphene research, development and investment company partnered with Focus Graphite Inc., owner of the high grade Lac Knife, Quebec graphite deposit. They invest in, manage, and develop markets for processes that produce economically scalable, pristine graphene for polymer and non-polymer, energy storage and other applications. Grafoid claims to have a technology for inexpensive exfoliation of graphene at a stage that is very close to the raw ore, which would really be a game changer. The technology is still secret, and a patent has been filed in November 2012 (expect publication mid-2014). Focus Graphite holds a 40% stake in Grafoid and is listed on several stock markets (TSX VENTURE:FMS, OTCQX:FCSMF, FRANKFURT:FKC).

http://www.graphenetracker.com/companies/165/grafoid/

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