TORONTO, ON (November 10, 2022) NGIF Industry Grants announces today that Enersion has successfully completed the prototype design, testing and installation of its Green Cooling Technology. Enersion’s innovative and proprietary cooling technology uses heat rather than electricity to function and eliminates the use of synthetic refrigerants, resulting in reduced emissions.
Enersion, a Toronto-based company, uses adsorption cooling as a cost-effective alternative to conventional cooling systems while addressing concerns that come with conventional cooling, such as GHG emissions, HFC emissions, global warming, ozone layer depletion, and high electricity consumption.
The adsorption-based chiller ranges from five tonnes to more than 200 tonnes of cooling power and can cool at temperatures lower than nine °C. During the few rounds of this pilot test, Enersion successfully observed water as cold as 9.5 °C and a cooling power of approximately 15 kilowatts.
Image: Enersion’s Green Cooling Technology
NGIF provided $200,000 in funding and collaborated with its trusted partner, Emissions Reduction Alberta (ERA), to leverage $1.8 MM in funding opportunities for the second phase of the project, which will see a demonstration of natural gas-powered quad-generation.
“Available cooling products are based on a hundred-year-old technology that simply consumes too much electricity and relies on using synthesized refrigerants that are thousands of times worse than CO2. As global warming forces consumers and businesses to use more cooling energy, more refrigerants will leak into the atmosphere, contributing more to global warming. NGIF’s support has helped Enersion innovate in this much-needed space to green up our economy,” said Hanif Montazeri, CEO of Enersion Inc.
“NGIF is excited to support Enersion’s innovative cleantech, seeing as it is emissions-free and achieves up to 70 per cent in electricity savings with low maintenance while improving the environment. It solves the challenging problems of regular cooling systems, and we are happy to see the successful completion of the project and look forward to phase two,” said John Adams, President and CEO of NGIF Capital Corporation and Managing Partner of NGIF Cleantech Ventures. “NGIF Industry Grants and its focus on de-risking clean technologies through field trials and pilots are part of NGIF’s integrated model of industry validation, customer creation, and market commercialization.”
“NGIF’s support for technologies like Enersion’s revolutionary adsorption-based cooling is yet another example of the gas industry’s commitment to delivering on environmental objectives while maintaining reliable and affordable energy services. I am excited to see the work NGIF has been doing, and I look forward to seeing more technologies thrive with their support,” said Timothy M. Egan, President and CEO, Canadian Gas Association and Chair, NGIF Capital Corporation.
NGIF Investors and Project Partners
About NGIF Industry Grants
NGIF Industry Grants is a first-of-kind, industry-led grant organization to fund early-stage startups developing solutions to environmental and other challenges facing Canada’s natural gas sector. NGIF Industry Grants develops, demonstrates, and de-risks these technology solutions through field trials and pilot projects to drive innovation and support environmental goals in Canada. NGIF Industry Grants’ investment focus is on existing natural gas production, transmission, distribution, storage, and end-use applications, as well as projects that will lead to the expanded production of emerging gaseous fuels like renewable natural gas and hydrogen. The organization has built a portfolio of startups, trusted partnerships with the government for co-funding opportunities, and a robust technical evaluation investment model. NGIF Industry Grants is operated by NGIF Capital Corporation.
About NGIF Capital Corporation
NGIF Capital Corporation is a Canadian venture capital (VC) firm offering grant and equity financing for startups that deliver solutions to the environmental and other challenges facing the natural gas sector. NGIF Capital Corporation is unique in how it brings Canada’s energy industry leadership to every investment. Like other VCs, it takes new companies and their ideas from concept to commercialization. Unlike other VCs, NGIF Capital Corporation has strong connections to every part of the gas value chain, from production through to end-use, offering it a means to test, develop, and accelerate the commercial implementation of innovative gas technology wherever it fits in the sector. The model benefits consumers, investors, and Canadian society as a whole. NGIF Capital Corporation operates NGIF Industry Grants (the original Natural Gas Innovation Fund), the NGIF Emissions Testing Centre, and NGIF Cleantech Ventures. NGIF Capital Corporation is wholly owned by CGA Enterprises, a venture of the Canadian Gas Association.
About Enersion Inc.
Enersion Inc. was born out of a passion for innovation and has discovered the revolutionary cooling application of adsorption. This discovery had real-world applications such as transforming cooling technology from outdated, polluting, and energy-intensive to energy-efficient, emission-free, and better for the environment. After four years of research and development, Enersion has developed a product that brings together the 3 integral sources of energy – cooling, heating and electricity. Enersion’s Tri-Generation Systems are the future of localized green energy. For more information, visit: http://www.enersion.com
The Canadian Gas Association (CGA) is the voice of Canada’s gaseous energy delivery industry, including natural gas, renewable natural gas (RNG) and hydrogen. CGA membership includes energy distribution and transmission companies, equipment manufacturers, and suppliers of goods and services to the industry. CGA’s utility members are Canadian-owned and active in eight provinces and one territory. CGA members meet 38 per cent of Canada’s energy needs through a network of over 577,000 kilometres of underground infrastructure. The versatility and resiliency of this infrastructure allows it to deliver an ever-changing gas supply mix to over 7.4 million customer locations representing approximately two-thirds of Canadians. CGA members ensure Canadians get the affordable, reliable, clean gaseous energy they want and need. CGA is also working to constantly improve that gaseous energy offering, by driving forward innovation through the Natural Gas Innovation Fund (NGIF).
President and CEO, NGIF Capital Corporation
Managing Partner, NGIF Cleantech Ventures
Communications Coordinator, NGIF Capital Corporation