$48M in clean tech funding gets approval

Calgary, AB – Sustainable Development Technology Canada (SDTC) has approved $48 million in new funding for the development and demonstration of 19 clean technologies.

“Canadian companies and researchers have continued to innovate to produce another strong round of technology solutions,” says James Stanford, SDTC’s chairman. “It has been an interesting and rewarding experience to see the entrepreneurial response to the opportunity that SDTC presents.”

The 19 newly approved projects include energy exploration and production; power generation; energy utilization; transportation; agriculture; forestry, wood products and pulp and paper products; and waste management.

SDTC says will launch its next call for statements of interest on September 5, 2007. The upcoming call will include a request for projects with technologies that address climate change, clean air, clean water and clean soil issues.