Three BC Cleantech Companies Receive $13.4 million in Federal Cleantech Funding
The Government of Canada recently announced an investment of $13.4 million in three British Columbia-based clean technology companies, Loop Energy, Acuva Technologies and CORE Energy Recovery Solutions Inc. The funding will result in 169 new jobs and millions of dollars of revenue.
Two companies produce parts for zero-emission vehicles and one company develops water purification systems technology. Loop Energy provides hydrogen fuel cell systems for vehicle original equipment manufacturers and power generation system manufacturers. The funding will allow Loop Energy to purchase new equipment and bring a key part of its manufacturing process in house, eliminating reliance on international suppliers.
Acuva Technologies develops water purification systems using ultraviolet light emitting diode (UV-LED) technology. The funding will help Acuva improve its existing products, commercialize new offerings and bring them to market. CORE Energy Recovery Solutions Inc. will use the funding to commercialize its fuel cell humidifier prototype. It aims to increase production and quality control to allow the company to make products for heavy-duty zero-emission vehicles such as buses and trucks.
The funding is part of the Government of Canada’s broader push to invest in Canadian clean technology.
Author: Rebecca Ro, 2021/2022 Articling Student-at-law
Photo Credit: https://unsplash.com/@nrdoherty
Expertise
Insights
-
Privacy and Data Protection
Canadian Privacy Regulators Publish Findings and Guidance on OpenAI Privacy Compliance
Following a multi-year joint investigation, federal and provincial privacy regulators recently published their findings with respect to OpenAI’s collection and use of personal information to train… -
Technology
Anthropic Prepares for Public Markets
Anthropic, one of the world’s leading AI firms, has confidentially submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission, paving the way for a potential initial… -
Technology
Blast-off: The Race to IPO in the American Technology Landscape
On May 20, 2026, Space Exploration Technologies Corp. (“SpaceX”) filed an S-1 form with the United States’ Securities and Exchange Commission, indicating its intention to launch an initial public… -
Technology
Humans: 0, Robot: 1 – Sony’s Project Ace Robot Beats the Pros
Developed by Sony AI, a new robot named Ace has outperformed elite table tennis players, marking a significant milestone in AI and robotics. While AI systems have previously rivalled or surpassed… -
Technology
TikTok Cleared to Continue Canadian Operations Following National Security Review
The Government of Canada (the “Government”) has concluded its most recent national security review of TikTok, the popular short-form video platform owned by Chinese technology company ByteDance Ltd… -
Technology
Confined Space Robotics Awarded $1.5M Contract to Automate Blast and Paint at Seaspan Shipyard
Confined Space Robotics (“CSR”) has been awarded a $1.5 million contract by Seaspan Shipyards to develop and integrate abrasive blast and paint robotic systems at Seaspan’s Vancouver shipyard. Seaspan…