How To Receive Money From The Government
Alberta Innovates to receive nearly $50 million in new government funding for projects
Alberta Innovates is receiving nearly $50 million in government funding for new projects.
In a Wednesday news release, Jobs, Economy and Innovation Minister Doug Schweitzer said the money will help the province become a stronger leader in clean energy technologies.
"Alberta continues to lead in all forms of energy innovation," said Schweitzer. "Alberta Innovates is building on our strengths by supporting groundbreaking discoveries and commercializing innovative solutions Alberta — and the world — needs."
Alberta Innovates is a provincial government agency that reports to the jobs, economy and innovation minister.
The funding is being provided to 23 projects. Projects began as early as January 2021 and must be completed by March 2023.
"These projects aim to reduce emissions, reduce water use, increase value, decrease costs and manage waste through new technologies and precesses," said Laura Kilcrease, CEO of Alberta Innovates.
Alberta Innovates expects the projects to support 1,307 project-related jobs, while contributing $169 million to the province's GDP.
Approved projects will provide technological solutions for the province's energy industry in areas such as oil and gas operations, recycling and hydrogen production.
Last week, Ottawa announced an investment of $1.35 million to help Alberta companies engineer and test hydrogen fuel infrastructure, equipment and technologies.
C-FER Technologies, a non-profit subsidiary of Alberta Innovates that provides experimental testing and specialized engineering consulting services out of Edmonton, said it would use that funding to upgrade one of its facilities to help test new products and procedures for hydrogen transportation and storage.
Alberta Innovates said it would chip in another $300,000.
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How To Receive Money From The Government
Source: https://edmontonjournal.com/news/politics/alberta-innovates-to-receive-nearly-50-million-in-new-government-funding-for-projects
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