MARKHAM, ON (August 29, 2024): NGIF Accelerator is pleased to announce the successful completion of Combustion and Energy Systems (CES)’ ConDex MicroBox Economizer technology evaluation. Funded by NGIF Accelerator’s Industry Grants program, the technology is changing the game for hot water boiler systems in Canada, providing a solution that saves heat waste and reduces electricity consumption, energy usage, and overall costs.
CES, an Ontario-based pioneer in advanced energy recovery, invented the patented ConDex MicroBox Economizer. A low-cost, high-quality solution for steam boilers, it captures and reuses heat that would otherwise be wasted in traditional boiler systems. By efficiently recycling heat, this technology significantly reduces the demand for electricity, natural gas, and other energy sources, resulting in enhanced environmental performance and financial benefits, making it a valuable investment for Canadians.
The measurement and verification (M&V) final third-party report prepared by Armco Solutions Inc. has shown significant results, including an average natural gas savings of 10.6% and a CO2 savings of 91.29 tonnes per year. This project marks a significant milestone in energy efficiency and emission reduction in the small boiler market.
“NGIF Accelerator is proud to support innovative projects like the ConDex Microbox Economizer, which has a positive impact on both energy savings and emissions reduction,” said John Adams, President and CEO of NGIF Accelerator. “Our Industry Grants program 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 technology commercialization.”
Dan Veitch, President, CES, said, “Combustion & Energy Systems has always been focused on improving operational efficiencies and reducing emissions for our clients, and we knew that the new MicroBox ConDex design would help further those goals. Creating the concept and obtaining international patents were a challenge, but the real challenge was proving our concept in the field. The assistance we received from NGIF Accelerator was tremendous. NGIF helped with funding requirements and gave credible backing to the MicroBox concept to the initial users in the field. We extend our deepest gratitude to NGIF for their unwavering support and commitment to the MicroBox concept. Your partnership has been invaluable, and your contributions have made a significant impact on the success of this design. Thank you for believing in our mission and for being an integral part of our journey at CES.”
“Canadians want and need the affordable, reliable, clean energy service offering they have come to expect from the natural gas industry. When we created NGIF, it was our vision to bring the entire natural gas value chain together to support cleantech development that enhances environmental and economic performance for the sector. I am glad to see our vision in action as NGIF continues to support technologies like CES’ ConDex Microbox Economizer,” said Timothy M. Egan, President and CEO, Canadian Gas Association and Chair, NGIF Capital Corporation.
Industry Grants’ Participants and Project Partners 
About Industry Grants program
The Industry Grants program is industry-led and offers non-dilutive grants to fund early-stage startups for technology development and field demonstration. The program specifically de-risks pre-commercial technology solutions that have the potential to increase the environmental performance of the natural gas sector. Each project in the program will accelerate technology readiness level progressions through controlled pilot testing and field trials to advance commercialization.
About NGIF Accelerator
NGIF Accelerator is the not-for-profit arm of NGIF Capital and will operate all technology and innovation programs. The NGIF Accelerator mandate is to de-risk and accelerate technology development by supporting startups through their pilot projects, field trials, and industry validation. It will coordinate with federal and provincial governments to co-fund projects to advance market commercialization. NGIF Accelerator currently operates the Industry Grants program and administers the NGIF Emissions Testing Centre program.
About Combustion & Energy Systems
Combustion & Energy Systems (CES) is a pioneer in advanced energy recovery and the inventor of the patented ConDex Condensing Economizer System. CES’ engineers and builds condensing economizer systems, integrates heating processes, and offers expert partnerships for energy management to help customers.
About Canadian Gas Association
The Canadian Gas Association (CGA) is the voice of Canada’s gas energy delivery industry, including natural gas, renewable natural gas (RNG), and hydrogen. Its members are distribution and transmission companies, equipment manufacturers, suppliers and other service providers. Today, natural gas meets almost 40 per cent of the country’s energy needs.
Fund Information:
John Adams
President and CEO, NGIF Accelerator
President and CEO, NGIF Capital Corporation
Media Information:
Ayoola Ajibare
Communications Coordinator, NGIF Capital Corporation
(403)-389-2212
aajibare@ngif.ca