Toronto, ON, Canada — (METERING.COM) — August 15, 2011 – The ecoENERGY Innovation Initiative has been launched as a $97 million (US$98 million) program to invest in research, development and demonstration projects for clean energy technologies in Canada.
The ecoEII’s objective is to support energy technology innovation to produce and use energy in a more clean and efficient way, and is a key component of the Canadian government’s actions to achieve real emissions reductions, while maintaining the country’s economic advantage and its ability to create jobs for Canadians. The program will also help in the search for long term solutions to reducing and eliminating air pollutants from energy production and use.
Activities funded under ecoEII will be in five strategic priority areas – energy efficiency, clean electricity and renewables, electrification of transportation, bioenergy, and unconventional oil and gas.
The Initiative comprises two separate funding streams – one for R&D projects, and one for demonstration projects.
“Canadians gave our government a strong mandate to complete our economic recovery and focus on continued job growth,” said Joe Oliver, Minister of Natural Resources at the launch. “Support for clean energy technology is an effective way to both reduce emissions and create high quality jobs for Canadians.”
Letters of Expression of Interest (LOIs) are now sought outlining potential projects, including preliminary cost estimates and timeline.