Toronto, ON, Canada — (METERING.COM) — July 4, 2013 – Ontario has launched the second round of funding from its Smart Grid Fund program and applications are now being accepted for innovative projects to support the development of a modern, intelligent electricity system.
The Smart Grid Fund supports Ontario-based projects that test, develop and bring to market the next generation of smart grid solutions. This round of funding will support advanced energy technology projects, such as energy storage and electric vehicle integration.
“We have a real opportunity to build one of the most advanced electricity grids in the world,” said Bob Chiarelli, Ontario’s energy minister. “These smart grid projects will give consumers more power over their electricity use, while ensuring our entire system uses energy as efficiently as possible.”
The Smart Grid Fund is a $50 million program that was launched in 2011 to support high value opportunities to advance energy innovation in Ontario.
The amount of funding available in this second round doesn’t appear to be specified. However, capacity building projects must have a minimum total cost of $500,000 and demonstration projects a minimum total cost of $250,000. Up to 50% of the project cost may be funded, to a maximum of $4 million per project.
A key requirement is that organizations submitting applications must be established in Ontario or can demonstrate they will be establishing in Ontario as related to their project.
The closing date for applications is September 6, 2013.
Projects funded in the first round of funding are under way and are believed to have supported the creation of more than 600 direct and indirect jobs.