Fredericton, Canada --- (METERING.COM) --- July 27, 2010 - Through its Clean Energy Fund, the government of Canada has announced funding of up to Ca$15.9 million (US$15.4 million) for New Brunswick Power’s PowerShift Atlantic electricity load control demonstration project.
The four-year project, which will include three maritime provinces and a number of communities, is expected to receive a total investment of up to Ca$32 million (US$31 million).
“Our government is investing in this smart grid project to encourage clean energy innovation and to help create high quality jobs for Atlantic Canadians, said Keith Ashfield, minister of National Revenue, Atlantic Canada Opportunities Agency and the Atlantic Gateway, announcing the funding. “Investments in clean energy technologies are a key part of our balanced approach to reducing greenhouse gas emissions and positioning Canada at the forefront of clean energy technology.”
This project will help to combine the latest digital smart grid technology for managing the delivery of renewable electricity across communities in Nova Scotia, Prince Edward Island, and New Brunswick. It will allow utility companies to better understand how customers will react to smart grid technologies and which electricity loads can be managed better by real time demand. It will also assist the companies in understanding how to make the best use of renewable energy resources in the region.
Up to 2,000 customers will have new data on consumption that will affect behavior and save them money. Further, the utilities could have new power system options resulting in operating savings and environmental benefits.
As part of Canada’s Economic Action Plan, the Clean Energy Fund is investing Ca$795 million (US$770 million) in clean energy technology development and demonstration over five years. Almost 20 smart grid and other projects are expected to be funded under the renewable and clean energy portion of the Clean Energy Fund, totalling up to Ca$146 million (US$141 million).