Nova Scotia collaboration explores smart grid technologies
March 2, 2017
Sustainable Development Technology Canada (SDTC) is collaborating with the Nova Scotia Department of Energy and Innovacorp, a Nova Scotia crown corporation, on a pilot programme to support the development and demonstration of smart grid technologies in Nova Scotia.
Innovacorp has teamed up with the Nova Scotia Department of Energy to help Nova Scotia researchers and early stage companies move their smart energy innovations closer to commercialisation. Innovacorp is an early stage venture capital organisation that finds, funds and fosters Nova Scotia start-ups.
"This partnership lets Innovacorp leverage external expertise and funding to help early stage Nova Scotia companies demonstrate smart grid technologies that can improve the electricity system in the province and beyond," said Stephen Duff, Innovacorp president and CEO. "Collaborations like this between federal and provincial agencies will accelerate the progress of high potential innovative companies in Canada."
SDTC is joining these two organisations in their efforts and will provide project evaluation support and consider applicants who apply through the smart energy innovation programme for the SD Tech process.
"SDTC is excited to partner with these like-minded organisations in Nova Scotia to help entrepreneurs move their innovations closer to commercialisation," said Leah Lawrence, SDTC president and CEO. “This partnership allows entrepreneurs to potentially access funding from both provincial and federal funding bodies through a streamlined application process. These technologies will provide economic and environmental benefits to Nova Scotians and all Canadians.”
Projects considered for this programme can address any aspect of smart energy, including low carbon power generation, smart grids, energy storage and ways to make better use of existing renewable energy resources.
"Our government is proud to support Canadian companies that are focused on developing clean technologies," said Navdeep Bains, minister of innovation, science and economic development. "These companies will create new products and services that are more energy efficient, emit lower carbon emissions and promote healthier communities. Companies developing clean technologies will also create entirely new jobs and business opportunities for Canadians. That's how innovation makes a better Canada."
Energy minister Michel Samson added: "Innovation is essential to energy sustainability and economic success. By supporting local innovators, we can help Nova Scotians build on their tremendous achievements in renewables and energy efficiency, make energy more affordable, and ensure Nova Scotia businesses get a bigger piece of this multi-billion dollar global market."
SDTC is an arm's-length foundation created by the government of Canada to promote sustainable development and support projects that develop and demonstrate new technologies to address issues related to climate change, air quality, and clean water and soil. SDTC invests in Canadian companies that, through their technologies, contribute positively to Canada by creating quality jobs, driving economic growth and protecting the environment.
As the energy industry evolves around the globe, Nova Scotia's Department of Energy works with other government departments, research teams, investors, industries and members of the public to transform Nova Scotia's energy future. With a focus on how energy is bought, developed and used in Nova Scotia, the Department of Energy seeks to grow the province's energy economy and create a vibrant, diverse and sustainable energy future that is affordable and makes sense for the province.