OTTAWA, ONTARIO--(Marketwired - Feb. 25, 2014) - The Government of Canada, Sustainable Development Technology Canada (SDTC) and the Canadian Gas Association today announced the intention to create the SD Natural Gas Fund™, which will support the development and demonstration of new downstream natural gas technologies.
Under the proposed agreement, the SD Natural Gas Fund will bring together contributions from Canadian Gas Association members through their Energy Technology Innovation Canada Initiative to match contributions from SDTC's SD Tech Fund™, up to a combined total of $30 million over three years.
Natural gas has a central place in Canada's energy mix meeting 30 percent of the country's energy needs. Today over 6.4 million customers, representing well over half the Canadian population, rely on natural gas for heat and power in homes, apartments, buildings, businesses, hospitals and schools.
The SD Natural Gas Fund will be open for applications twice per year and will support technologies with the following applications:
- Residential (small-scale affordable combined heat and power units, ultra-efficient water heaters, technologies that improve the efficiency of residential heating and/or cooling);
- Commercial (technologies that improve the efficiency of heating systems, measurement and data management to better control natural gas consumption, natural gas cooling systems);
- Industrial (higher-efficiency industrial heating equipment, CO2 capture systems, less energy-intensive hydrogen production);
- Power generation (higher-efficiency power generation, emissions control technologies, natural gas storage solutions for remote locations);
- Transportation (more efficient and lower emission natural gas engines, alternative natural gas engines, lower-cost solutions); and,
- Renewable natural gas (technologies that improve cleanup economics, cost-effective small-scale anaerobic digesters).
For more information, please see: www.sdtc.ca.
- SDTC supports cleantech as a driver of jobs, productivity and economic prosperity through funding aimed at the development and demonstration of innovative technological solutions. The SD Tech 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.
- SDTC works with the private sector, the financial sector and all levels of government to help advance the Government of Canada's commitment to support cleantech as a driver of jobs, productivity, economic prosperity, and a healthy environment and high quality of life for all Canadians. SDTC operates as a not-for-profit corporation.
- CGA is the voice of Canada's natural gas distribution industry and its members are distribution companies, transmission companies, equipment manufacturers and other service providers.
"This commitment supports our government's top priority: creating jobs, growth, and long-term prosperity. We are proud to play a role in developing the SD Natural Gas Fund, which will drive new clean technologies that build our economy and protect the environment."
|The Honourable Joe Oliver
|Canada's Minister of Natural Resources
"This first-of-its-kind funding partnership between SDTC and the private sector will help support the commercialization of innovative technologies for natural gas that create high-quality jobs, drive productivity and economic growth, and help support a clean environment. Investments and partnerships such as this demonstrate leadership in driving a vibrant clean technology industry in Canada. The creation of the SD Natural Gas Fund is an exciting and important first step."
|President and CEO of Sustainable Development Technology Canada
"As the industry association for natural gas utilities across Canada, we are excited about the opportunity to partner with SDTC and the Government of Canada. Natural gas is a very affordable clean energy choice for Canadian consumers. The investments through this fund will help build even more opportunities to make that choice."
|Timothy M. Egan
|President and CEO of the Canadian Gas Association
Sustainable Development Technology Canada: www.sdtc.ca.
Canadian Gas Association: http://www.cga.ca.
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