$26.8 million supports clean tech projects

Toronto, ON – Sustainable Development Technology Canada (SDTC), has announced seven clean technology projects in Ontario are receiving funding of $26.8 million, supporting jobs, economic growth and the environment.

The projects are as follows:

• 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. The 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.