Accelerating Decarbonization: BC Centre Invests in Climate Tech with Focus on Hydrogen
Key Ideas
  • BC Centre for Innovation and Clean Energy (CICE) invests $7.7 million in 13 climate tech companies through non-dilutive funding to accelerate decarbonization solutions.
  • The investments focus on early-stage companies developing transformative climate solutions, including hydrogen technologies, to drive significant reductions in greenhouse gas emissions.
  • CICE also supports wildfire management technologies with a $3 million investment in innovative solutions to reduce fire risk, improve response times, and protect vulnerable regions.
  • The initiative includes funding for breakthrough technologies in battery technology, energy storage, and low-carbon fuels, promoting innovation in clean energy and climate tech to advance a low-carbon economy.
The BC Centre for Innovation and Clean Energy (CICE) has recently announced investments totaling $7.7 million in 13 climate tech companies as part of its mission to accelerate decarbonization solutions and support British Columbia's transition to a clean economy. The funding was distributed through CICE's Call for Wildfire Tech and the July 2024 Open Call for Innovation, focusing on early-stage companies that are developing innovative clean energy and climate solutions. These investments are aimed at driving significant reductions in greenhouse gas emissions. The CICE's Directed Call for Wildfire Management Technologies allocated $3.5 million to six companies that are working on groundbreaking solutions to manage and mitigate wildfires. These include companies like CRWN.ai, FireSwarm Solutions Inc., and Wildfire Robotics Inc., each offering unique approaches to wildfire suppression and risk reduction. In addition to wildfire technologies, CICE invested $4.2 million in seven British Columbia-based climate tech companies selected from the July 2024 Call for Innovation. These companies are working on projects related to low-carbon hydrogen, battery technology, energy storage, and low-carbon fuels. The investments aim to advance breakthrough technologies that promote a low-carbon economy and address emissions in various industries. Furthermore, CICE has launched a Call for Energy Storage Innovation in partnership with BC Hydro, offering a $3 million funding opportunity to scale energy storage solutions in British Columbia. The center's commitment to innovation is also evident in its support for female entrepreneurs in the climate tech sector through the Call for Women in Climate Tech. The overall goal is to drive innovation, economic growth, and inclusivity in the energy transition. The article highlights various companies and projects supported by CICE, emphasizing the importance of investing in transformative climate solutions and clean energy technologies to combat climate change and promote sustainable economic growth.
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