August 8, 2018
The Natural Gas Innovation FundTM (NGIF) today announced an investment of $375,000 in NextGrid Inc. to support the development of a residential combined heat and power (CHP) system.
NextGrid Inc. manufactures and sells commercial CHP systems based on the revolutionary Green Turbine. These systems generate between 1-45 KW of electricity and up to one million BTU of heat. NextGrid is developing a residential CHP system using a natural gas connection with the potential to generate 100 per cent of a homeowner’s space heating, hot water and electricity requirements while dramatically reducing greenhouse gas emissions and replacing the hot water heater as well as the furnace in a typical Canadian residence.
Funding from NGIF will support the first pilot demonstration of NextGrid’s pre commercial residential CHP system and collect data to further refine and improve the design.
NGIF funding to NextGrid Inc. was contributed by Canadian Gas Association (CGA) members ATCO, Enbridge Gas Distribution, FortisBC, and Union Gas.
Natural gas has a central place in Canada’s energy mix meeting over 34 per cent of the country’s energy needs. Today 7 million customers representing well over 20 million Canadians rely on natural gas for heat and power in homes, apartments, buildings, businesses, hospitals and schools.
“The Natural Gas Innovation Fund is playing a critical role in helping to develop NextGrid’s CHP technology. We are extremely grateful for the generous financial support and the valuable inputs that we have received from NGIF directly and through its relationship with the Canadian Gas Association and its members.”
CEO, NextGrid Inc.
“NextGrid Inc. is working hard to bring a low cost, low emission and highly efficient residential combined heat and power systems to the Canadian marketplace. NGIF is extremely pleased to support the advancement of this innovative technology.”
Managing Director, Natural Gas Innovation FundTM
“The NextGrid CHP system means homeowners can use affordable and reliable natural gas for heat, hot water, and power – lowering their energy costs, reducing their emissions, and helping them deal with electric grid disruptions.”
Timothy M. Egan
President and CEO, Canadian Gas Association
NGIF NextGrid Inc. Technologies Project Funders
Vice President, Corporate and Strategic Affairs
Canadian Gas Association
613-748-0057 ext. 341 or 613-614-3280