Toronto, ON, Canada --- (METERING.COM) --- February 9, 2011 - Ontario is to launch a $50 million smart grid initiative that will enable research, capital and demonstration projects in the spring.
The initiative, which was announced in a statement by the Ontario Clean Technology Alliance, will put in place modern grid infrastructure required to help homeowners monitor and control their energy usage through home automation and enable smart charging of electric vehicles. It is open for business to attract companies from around the world offering complimentary technologies.
The initiative complements Ontario’s other clean technology policies, including the generous feed-in tariff (FIT) program, which is modeled after successful programs in Germany and France. It features North America’s first comprehensive, guaranteed pricing structure for renewable electricity production, offering stable prices under long term contracts for solar photovoltaic, on-shore and off-shore wind, biomass, biogas, landfill gas, and waterpower energy.
“For the global clean technology industry, Ontario is a go-to investment jurisdiction,” said Jim Mairs, senior business development specialist/assistant manager for the City of Guelph. “In 2009 our greenhouse gas emissions from the electricity sector reached the lowest they have been in 45 years and more than 80 percent of our generation came from emissions free sources like wind, water, solar, biogas and nuclear. But there’s more to do, and we’re open for business to help us get the job done.”
Ontario is home to 110 head offices of clean technology companies that are predominantly engaged in the development and marketing and/or use of their own proprietary technology to deliver products or services that reduce or eliminate negative environmental impacts. Sustainable Development Technology Canada (SDTC) projects that by 2015, these Ontario clean technology companies will generate revenues in excess of $1 billion. In addition there are more than 2,800 environmental industry companies in Ontario, generating approximately $7 billion in revenue and employing 65,000 people.