Government of Canada invests in clean technology in British Columbia

Media/Press Release
Friday, March 4, 2016

Government of Canada invests in clean technology in British Columbia

Government of Canada invests in clean technology in British Columbia
 
FOR IMMEDIATE RELEASE
March 4, 2016
 
VANCOUVER  The Hon. Dr. Hedy Fry, Member of Parliament for Vancouver Centre, today celebrated a $2,081,297 investment in local clean technology in the Vancouver area.
 
Dr. Fry welcomed this news following a national announcement made in Edmonton by the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, of investments totalling over $206 million to support 36 cleantech projects in five provinces across Canada.
 
The projects are being supported by Government of Canada’s investment in SDTC’s SD Tech Fund and SDTC’s NextGen Biofuels Fund.
 
SDTC’s mandate is to support Canadian cleantech at a critical point in the innovation spectrum, allowing companies to develop and demonstrate their technologies prior to market entry. The companies behind these projects are using their forward-thinking innovations to drive economic and environmental benefits, to create jobs and help strengthen Canada’s middle class.
 
Quotes
 
“Canadians understand that a strong economy and a clean environment go hand-in-hand. Now is the time for Canadian companies to capture their share of the emerging global market for clean technology.  From waste management, to biofuels, to greener solutions for the oil and gas industry, the Canadian companies being supported today are leading the world in intelligent, environmentally responsible and economically sound solutions across a number of key economic sectors.”
-       The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development
 
 
“I am pleased to see Nano One Materials Corp. receive this investment from SDTC. This investment will assist Nano One in developing a new battery production process for electric vehicles, grid storage and consumer electronic batteries. Vancouver is leading the way in new cleantech projects and these investments will continue to foster the innovation taking place to reduce Green House Gas emissions and create jobs.”
-       The Honourable Dr. Hedy Fry, P.C., M.P., Vancouver Centre
 
 
“We are thrilled to have SDTC’s support as it will help fund the design, construction, optimization and demonstration of Nano One’s Pilot Plant for the production of lithium ion battery cathode materials. The pilot plant will be used to showcase Nano One’s patented technology to key market players in electric vehicle, grid storage and consumer electronic batteries. SDTC is globally recognized for cleantech investment and is very supportive of its portfolio companies. We are honoured to have earned their confidence and we look forward to working with them.”
-       Dan Blondal, CEO of Nano One
 
 
Quick facts:
·  Sustainable Development Technology Canada is an arm’s-length foundation created by the Government of Canada to support projects that develop and demonstrate new technologies to address issues related to climate change, air quality, and clean water and soil.
· SDTC has funded 316 cleantech projects since it was established.
· SDTC invests in Canadian companies that help create quality jobs, drive economic growth, and protect the environment.
 
Associated links
 
 
Follow the Minister on Twitter: @MinisterISED
Follow Hedy Fry on Twitter: @hedyfry
 
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