Government of Canada invests in Alberta’s clean technology industry, Energy Transition Hub

CALGARY, AB, Jan. 19, 2022 /CNW/ – As global markets more and more glance for additional sustainable methods to meet energy wants, the clear technology sector presents an chance to reinforce the Canadian economic climate, create quality employment, and contribute to a reduced-carbon foreseeable future. A current Alberta Strength Changeover Study indicates the clean up know-how sector could create 170,000 careers and contribute $61 billion to gross domestic product or service by 2050 in Alberta by itself. The Government of Canada is committed to supporting Canadian enterprises capitalize on this immediate growth and to making sure Canada is a leader in the growth of thoroughly clean technological know-how methods.

Today, the Honourable Daniel Vandal, Minister of Northern Affairs, Minister dependable for Prairies Economic Development Canada, and Minister responsible for the Canadian Northern Financial Progress Company, and the Honourable Randy Boissonnault, Minister of Tourism and Associate Minister of Finance, introduced a federal expenditure of more than $3 million to strengthen collaboration, advance emerging leadership, and draw in non-public sector expenditure that will assistance improve organizations functioning in Alberta’s thoroughly clean engineering sector.  

Far more than $2.1 million of this federal contribution will help an Electrical power Changeover Centre in downtown Calgary. Federal funding will allow the College of Calgary and personal sector partner Avatar Innovations to change vacant office space in central Calgary into an innovation hub that advancements the progress of cleanse electrical power systems.

The Strength Transition Centre will provide a place in which Canada’s largest vitality businesses collaborate with cleanse energy start off-ups, innovators and traders. The Centre will aid accessibility to specialised devices, power changeover issue make a difference gurus and entrepreneurship programming. As a central hub and entire world-class centre for energy changeover, this initiative is expected to add to developing at the very least 25 new enterprises over the subsequent a few many years, and assist the advancement of several many others running in the clean energy sector.

An supplemental $900,000 investment as a result of PrairiesCan will allow the Foresight Clear Technology Accelerator Centre to give its tested accelerator systems in Alberta. Foresight will use cash to present the teaching and financial commitment attraction initiatives that cleanse technology corporations at many stages of scaling up need to increase and capture global sector share.

Rates

“The Authorities of Canada is building strategic investments to make on Alberta’s strengths in clear technology, including its expertise, energy expertise, and rising abilities in vitality changeover. Our assist for an Electricity Changeover Centre in the heart of downtown Calgary and a tested accelerator for thoroughly clean technological innovation providers will assistance ensure that Alberta companies can capitalize on these benefits and capture considerable world sector share in the clear technological know-how sector.”
     –  The Honourable Daniel Vandal, Minister of Northern Affairs, Minister dependable for Prairies Economic Improvement Canada and Minister dependable for the Canadian Northern Financial Progress Company

“As the electrical power market evolves, Alberta has the know-how and willpower to be a chief in impressive thoroughly clean energy answers. With this financial commitment, our governing administration is getting motion to assure that Alberta remains a leader in the world vitality field for generations to appear. Our assistance will greatly enhance collaboration, expenditure and innovation to assistance Alberta enterprises and employees prosper in the thoroughly clean engineering sector.”  
     –  The Honourable Randy Boissonnault, Minister of Tourism and Affiliate Minister of Finance

“Calgary is well-positioned to continue on major in thoroughly clean strength via our dynamic, expert workforce and foremost investigate establishments. This investment will empower our govt to faucet into neighborhood infrastructure and expertise, driving innovation forward in Canada’s energy capital, helping us fulfill our emissions targets, and making superior work for Calgarians.”
     –  George Chahal, Member of Parliament for Calgary Skyview

“The option for economic growth in Calgary, spurred by thoroughly clean tech and vitality transformation, hinges on important investment decision. The Metropolis of Calgary is delighted to see federal pounds directed in the direction of innovative players these types of as Avatar Innovations, University of Calgary and Foresight. We are proud to be functioning along with essential companions to build Calgary as a centre for excellence in the electrical power changeover overall economy which in turn will act as a significant catalyst for downtown revitalization.”
     –  Jyoti Gondek, Mayor, Town of Calgary

“This generous funding normally takes us a different move towards setting up Calgary as Canada’s hub for the transition to a low carbon strength future. Discovering methods for sustainable electricity generation rests at the heart of the Power Transition Centre, and the University of Calgary has been really hard at get the job done with our husband or wife, Avatar Innovations in spearheading this transformation. This energy plays a vital part in revitalizing Calgary’s financial state, and we’re very pleased to be a aspect of this entrepreneurial solution.”
     –  Ed McCauley, President and Vice-Chancellor, College of Calgary

“Plentiful, affordable and net-zero electricity is the one best economic opportunity of our generation. These days, the Government of Canada stood up with marketplace, academia and countless numbers of vitality personnel to make this upcoming a truth. Avatar appears to be like forward to increasing the Energy Changeover Middle and noticing this opportunity for Alberta and all of Canada.”
     –  Kevin Krausert, CEO, Avatar Improvements

“Alberta has a robust track report of innovation and excellence in cleanse systems. We are happy to support the growth and effects of cleantech in Alberta in our initiatives to position Canada as a earth leader in cleantech by accelerating the development of ventures with problem-pushed options. Our acceleration and adoption systems and events present finding out, coaching, and connections that help innovators deliver their methods to industry more quickly, making a powerful net zero economic climate and driving sizeable expansion in inexperienced positions.”
     –  Jeanette Jackson, CEO, Foresight Clear Technological innovation Accelerator Centre

Brief information

• PrairiesCan is investing $2,140,205 to guidance an Vitality Changeover Centre in downtown Calgary. The Vitality Transition Centre is a collaboration among the University of Calgary, Avatar Innovations, and industry.
• PrairiesCan is also investing $900,000 to help the Foresight Clean up Technological know-how Accelerator Centre to produce training and trader attraction initiatives in Alberta.
• Federal funding announced right now will bolster clean technological know-how innovation in Alberta, advance economic options for Canadian businesses, and help Canada’s dedication to reach internet zero carbon emissions by 2050.
• A modern Alberta Power Transition Examine conducted for Calgary Financial Development and Edmonton World wide, and supported by Prairies Financial Growth Canada, concluded the world strength changeover could create 170,000 employment in the thoroughly clean technology sector in Alberta and contribute $61 billion to GDP by 2050.

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For even more facts: Contacts: Ryan Cotter, Director of Communications, Workplace of the Minister of Northern Affairs, Minister liable for Prairies Financial Growth Canada, and Minister accountable for the Canadian Northern Economic Development Agency, [email protected] Rohit Sandhu, Communications Supervisor, Prairies Economic Progress Canada, [email protected]