Saturday, July 10, 2010

Canada: funding for clean transportation projects

Calgary, Alberta – Eighteen clean technology projects will receive $40 million in funding from Sustainable Development Technology Canada (SDTC), including hybrid technologies for transportation. The funding is intended to help move innovative technology solutions to market.

"SDTC and the Government of Canada are providing industry the tools they need to become more productive, competitive and efficient," said Juergen Puetter, chairman of SDTC. "When these companies bring their technologies to businesses and consumers, they create jobs, provide Canada a technological edge and contribute to improving the quality of Canada's air, water and soil."

The new investments bring SDTC's total portfolio value to over $1.6 billion. The SDTC is an arm's-length foundation created by the government of Canada, and includes the $550 million SD Tech Fund for projects that address climate change, air quality, clean water and clean soil, and the $500 million NextGen Biofuels Fund, which supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.

The projects include an advanced battery system for plug-in hybrid electric vehicles (PHEV) by Electrovaya Corporation of Mississauga, Ontario, which will be tested in a fleet of Ram 1500 PHEV trucks; a hybrid auxiliary power unit for tractor-trailers by EnerMotion Inc. of Caledon, Ontario; and a cathode material for lithium-ion batteries by Phostech Lithium Inc. of Candiac, Quebec.


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