NGIF INDUSTRY GRANTS SUPPORT CANADA’S FIRST 100% HYDROGEN HEATING APPLIANCE

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NGIF INDUSTRY GRANTS SUPPORT CANADA’S FIRST 100% HYDROGEN HEATING APPLIANCE


November 24, 2022

CALGARY, AB (November 24, 2022) NGIF Industry Grants, a division of NGIF Capital Corporation, is supporting the development of the first made-in-Canada 100 per cent hydrogen-fueled home heating appliance. NGIF Industry Grants is providing $269,709 in funding to advance Gradient Thermal’s H2 syncFURNACETM.

Gradient Thermal Inc., an innovator of home heating solutions, is bringing energy transition into Canadian homes through the development of a combined furnace and water heater fueled by hydrogen. Gradient already serves homeowners with a suite of heating appliances, including a combi-furnace, and this innovation converts those leading efficiency products to be zero-emission, fuelled by 100 per cent hydrogen.

Gradient’s H2 syncFURNACETM is an innovative solution set to target building sector emissions. Gradient’s cleantech solution is poised to reduce those emissions drastically; ultimately, the company’s goal with its technology is zero GHG heating systems for homeowners and small industrial sites.


Gradient Thermal’s H2 syncFURNACE

Image:  Gradient Thermal’s H2 syncFURNACETM.


Currently, the project is completing its first phase of building and testing prototype systems. Future phases of work will follow Gradient’s proven design process of prototype installations, customer feedback and product improvement iterations. The project aims to deliver a manufacture-ready, certification-ready home heating appliance powered entirely by hydrogen in North America.

“Gradient Thermal’s heating cleantech solution is high-performance and energy-efficient, and it will significantly reduce the emissions associated with home heating in Canada,” said John Adams, President and CEO of NGIF Capital Corporation and Managing Partner of NGIF Cleantech Ventures. “NGIF Industry Grants and its focus on startups de-risking clean technologies through field trials and pilots are part of NGIF’s integrated model of industry validation, customer creation, and market commercialization.”

“We are delighted to be a showcase of Alberta ingenuity, from a start-up phase to being a locally grown leader and manufacturer of home heating systems in Canada. This 100 per cent hydrogen solution will allow homeowners to save space, save cost and participate in a 100 per cent green home future,” says Gradient Founder and President, Cameron Doepker. “We appreciate programs like NGIF that provide critical investment for innovations in energy transition in a commercially competitive manner.”

“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. NGIF’s support for technologies like Gradient Thermal’s hydrogen syncFURNACETM is yet another example of our vision in action and the gas industry’s commitment to deliver on environmental objectives while maintaining reliable, affordable energy services,” said Timothy M. Egan, President and CEO, Canadian Gas Association and Chair, NGIF Capital Corporation.


NGIF Investors and Project Partners

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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 Gradient Thermal Inc.
Gradient Thermal Inc. (“Gradient”) is an innovator of efficient heating solutions. A Calgary-based startup, Gradient designs and manufactures high-performance heating products that are extremely energy efficient and astoundingly simple to install. Gradient backs their products with intensive R&D and an almost obsessive drive to innovate and continuously improve. syncFURNACETM – their latest mark in the industry, is an innovative offering that combines multiple heating functions into one space-saving, simple-to-install solution. For more information, visit: www.gradientthermal.com

About CGA
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).


Fund Information:

John Adams
President and CEO, NGIF Capital Corporation
Managing Partner, NGIF Cleantech Ventures
613-748-0057
jadams@ngif.ca

Media  Information:

Ayoola Ajibare
Communications Coordinator, NGIF Capital Corporation
(403) 389-2212
aajibare@ngif.ca


NGIF Industry Grants Logo surrounded by 14 participants logos (Birchcliff Energy Ltd.; Canadian Natural Resources Limited; Cutbank Dawson Resources Ltd. (a 100% subsidiary of Mitsubishi Corporation); Perpetual Energy Inc.; PETRONAS Energy Canada Ltd.; Shell Canada Energy; Tidewater Midstream and Infrastructure Ltd.; Tourmaline Oil Corp.; APEX Utilities Inc.; ATCO Gas Ltd.; Enbridge Gas Inc.; FortisBC Energy Inc.; Pacific Northern Gas Ltd.; and SaskEnergy Inc.and Canadian Gas Association Logo


 

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At NGIF, we invest in companies who are leading in the development of clean technologies for energy and who have the potential to demonstrate significant and quantifiable environmental and economic returns.

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