OTTAWA, ON (September 22, 2021) Emissions monitoring, methane mitigation, waste-heat utilization, fuel switching, and carbon capture utilization and storage projects are receiving funding from NGIF Industry Grants through its Round 6 Competition. Five projects were selected for a total of $720,553 in grant funding to advance technology innovations in the natural gas production sector. The approved projects have a combined eligible project value of more than $6 million.
“The commitment to drive cleantech innovation by these Round 6 finalists is invigorating,” said John Adams, NGIF Capital Corporation President and CEO and NGIF Cleantech Ventures Managing Partner. “NGIF Industry Grants and its focus on startups de-risking their clean technologies through field trials and pilots is part of NGIF’s integrated model of industry validation, customer creation, and market commercialization. Startups with clean technology solutions underpinning our sector will increase the competitive performance of Canada’s natural gas molecule.”
The competition was launched in December 2020 targeting cleantech startups with solutions that can create value and mitigate environmental impacts in the production of natural gas in Canada. Birchcliff Energy Ltd., CSV Midstream Solutions, Cutbank Dawson Gas Resources Ltd. (a 100% subsidiary of Mitsubishi Corporation), Perpetual Energy Inc., PETRONAS Energy Canada Ltd., Shell Canada, and Tourmaline Oil Corp. will be supporting the industry grants for these projects from the upstream natural gas sector.
“When the Canadian Gas Association launched NGIF several years ago, we had a vision of bringing the entire natural gas value chain together to advance innovation and environmental performance for the sector,” noted Timothy M. Egan, President and CEO, Canadian Gas Association and Chair, NGIF Capital Corporation. “These partnerships across the value chain are integral to NGIF’s work. I’m excited to see how these finalists’ solutions will enhance the natural gas sector to benefit Canadians and their continued access to clean and affordable energy.”
The projects approved will advance their clean technology development through pilots, field trials, or demonstrations, including:
KUVA CANADA INC.
Demonstration of methane imaging detection, quantification, work order deployment, and repair validation solutions at gas wells and gas plants
Total Eligible Project Value: $360,000 | NGIF Approved Funding: $66,354
Pilot demonstration of a natural gas engine without sliding or rotating parts for remote power use
Total Eligible Project Value: $1,441,000 | NGIF Approved Funding: $149,829
Pilot demonstration of a waste heat recovery technology at a natural gas facility in Western Canada
Total Eligible Project Value: $395,000 | NGIF Approved Funding: $53,909
JSD CONSTRUCTION LTD.
Demonstration of natural gas generators to replace diesel-run generators
Total Eligible Project Value: $1,921,185 | NGIF Approved Funding: $350,000
CARBON CAPTURE UTILIZATION AND STORAGE
Prototype development and testing of TerraFixing’s direct air capture technology geared towards cold dry climates
Total Eligible Project Value: $2,100,000 | NGIF Approved Funding: $100,460
About NGIF Industry Grants
NGIF Industry Grants is a first-of-kind, industry-led grant organization created 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 focuses 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 selection of projects, trusted partnerships with government for co-funding opportunities, and a robust technical evaluation process and granting 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.
The Canadian Gas Association is the voice of Canada’s natural gas delivery industry. Its membership includes natural gas distribution and transmission companies, equipment manufacturers, and suppliers to the industry. Our utility members are active in eight provinces and one territory and meet 35 per cent of Canadians’ energy needs through a network of over 566,000 kilometers of underground infrastructure. This infrastructure can also be used to deliver renewable gases including renewable natural gas and hydrogen, in order to contribute to Canada’s greenhouse gas emission reductions. Today, over 7.2 million customer locations representing approximately two-thirds of Canadians, rely on natural gas for clean, affordable, and reliable heating and power. CGA owns CGA Enterprises, which in turn owns NGIF Capital Corporation.
President and CEO, NGIF Capital Corporation
Managing Partner, NGIF Cleantech Ventures