Canadian Cleantech Group Opens Funding Competitions
Canada’s Clean Resource Innovation Network (CRIN) opened three new technology funding competitions March 24, offering C$80mn (US$63.6mn) for new technologies in a number of areas, including methane mitigation, carbon capture and utilisation and hydrogen.
Through a C$100mn commitment from the Canadian government’s Strategic Innovation Fund, the latest CRIN competitions seek to accelerate the commercialisation and wide-spread adoption of emerging technologies.
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“CRIN competitions are designed to advance breakthrough technologies that focus on enhancing environmental performance, including greenhouse gas emissions from source to end-use,” said Joy Romero, CRIN’s president and vice president, technology and innovation at Canadian Natural Resources Limited. “CRIN is about energy development and environmental stewardship to position Canada as a global leader in clean energy solutions.”
The three competitions will open over the next few months, CRIN said. Eligible projects will need to be at a Technology Readiness Level of 6-9, must demonstrate anticipated environmental and public benefits and reflect an innovator and producer partnership that includes membership in CRIN and provides private sector investment in at least 25% of project costs.
The largest competition, to share C$50mn for technologies to reduce the environmental footprint of oil and gas production, will focus on methane mitigation, novel extraction solutions, water treatment, land management and retirement of inactive wells. Up to C$10mn will be awarded to each successful project.
The low emission fuels and products technology competition offers C$25mn in funding for technologies that produce innovative products from hydrocarbons, such as carbon capture and utilisation, carbon fibre, hydrogen and geothermal and low-carbon intensity alternatives and new fuels. Again, successful projects will be awarded up to C$10mn each.
The last competition will provide up to C$5mn for new digital technologies offering solutions for environmental monitoring, health and safety, capital project execution and operations excellence and efficiency. Individual projects will be eligible for up to C$1mn each.