In Ottawa, Ontario, the Canadian cleantech industry is taking significant steps in addressing the world’s most pressing challenges. Entrepreneurs are developing innovative solutions to advance sustainable agriculture, energy-efficient buildings, and water security, which not only benefit the economy and workers but also the environment.
The Minister of Innovation, Science and Industry, the Honourable François-Philippe Champagne, recently announced that 17 Canadian cleantech companies will receive a total investment of $68.2 million from Sustainable Development Technology Canada (SDTC). These companies work across various cleantech sectors, including agriculture, transportation, waste management, and energy conservation. The SDTC funding will support the development of clean technologies that have the potential to create significant environmental and economic benefits for Canadians.
Two of those companies to receive investment
Aurora Hydrogen ($3.9 million) of Edmonton, Alberta – a start-up cleantech company that is pioneering an innovative process that uses microwaves to produce turquoise hydrogen, with no direct CO2 emissions or water consumption.
Next Hydrogen ($5 million) of Mississauga, Ontario – a start-up cleantech energy company that is developing an innovative electrolysis technology to break water into hydrogen and oxygen, significantly decreasing the cost of hydrogen production while reducing greenhouse gas emissions.
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Through investments like these, the Government of Canada and SDTC are committed to growing our economy and creating good jobs for workers across the country, while leaving a healthy future for generations to come.