B.C. Centre for Innovation & Clean Energy Invests in Climate Tech Companies Advancing Climate Solutions
Key Ideas
- The B.C. Centre for Innovation and Clean Energy (CICE) is investing $7.7 million in 13 climate tech companies focused on developing transformative climate solutions.
- Part of the investment includes funding opportunities for wildfire management technologies to mitigate the increasing threat of wildfires through innovative solutions.
- CICE is also supporting B.C. climate tech companies working on clean economy projects such as battery technology, energy storage, low-carbon fuels, and low-carbon hydrogen.
- By investing in these companies, CICE aims to accelerate the commercialization of impactful climate solutions while generating economic benefits for British Columbia and Canada.
The B.C. Centre for Innovation and Clean Energy (CICE) has announced an investment of $7.7 million in 13 climate tech companies to support the development of transformative climate solutions. The investment aims to scale technologies that drive significant reductions in greenhouse gas emissions and support early-stage companies in this sector.
A portion of this investment focuses on wildfire management technologies, where companies are working on solutions to manage and mitigate the threat of wildfires, which have been increasingly destructive and frequent. This funding opportunity, totaling $3 million, supports companies developing innovative approaches to reduce fire risk, improve response times, and protect vulnerable regions.
The selected companies working on wildfire technologies include CRWN.ai, FireSwarm Solutions, Nova (Hummingbird Drones), Skyward Wildfire Technologies, Voxelis Canada, and Wildfire Robotics. These companies are leveraging technologies like AI, drones, infrared scanning, and advanced sensor technology to combat wildfires and enhance firefighting capabilities.
Furthermore, CICE is also investing $4.2 million in seven B.C. climate tech companies that are part of its Clean Economy initiative. These companies, selected from 79 applicants, are focusing on advancements in low-carbon hydrogen, battery technology, energy storage, and low-carbon fuels.
The projects under the Clean Economy investment include innovations from companies like Edison Motors, NORAM Electrolysis Systems, AlgaFilm Technologies, NanosTech Environmental, Ekona Power, Quantum Technology, and Unilia (Canada) Fuel Cells. These companies are working on technologies ranging from EV snowplows and electrolysis systems for sustainable battery manufacturing to novel catalysts for low carbon fuels and efficient hydrogen production.
Sarah Goodman, the president and CEO of CICE, emphasized the importance of these investments in supporting innovators to fast-track the commercialization of impactful climate solutions. The focus is not only on addressing urgent climate-related challenges like wildfires but also on promoting economic growth and sustainability in British Columbia and Canada.
Topics
Fuel Cells
Clean Energy
Technology
Innovation
Sustainability
Investment
Clean Economy
Climate Tech
Wildfire Management
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