Natural Gas Innovation Fund
June 12, 2019
For Immediate Release
Today the Natural Gas Innovation Fund™ (NGIF) announced a semi-finalist shortlist for its Round 4, Stage 1 funding competition for clean technologies both in the production and end-use distribution of natural gas.
In 2018, NGIF launched a $1 million funding call targeting clean technologies as well as new innovative approaches for more efficient use of natural gas in residential and small commercial applications. Also in 2018, NGIF announced a $3 million funding call targeting clean technologies that will drive environmental performance and GHG reduction in the development and production of natural gas. After undergoing NGIF’s Stage 1 industry peer review process, 18 semi-finalists in total have been invited to submit investment proposals in Round 4 Stage 2 where we will pursue a deeper evaluation and due diligence on each applicant and project.
NGIF, together with Natural Resources Canada (NRCan), Emissions Reduction Alberta (ERA), Alberta Innovates (AI), and the Province of British Columbia Innovative Clean Energy ICE Fund (ICE Fund) will collaborate on the producer funding call under trusted partner relationships. To demonstrate their support for the engagement of producers in the fund, NRCan, ERA, AI and ICE Fund will consider co-funding successful NGIF applicants that have projects which deliver significant GHG emission reductions and are located in Canada, Alberta, and British Columbia, respectively.
Birchcliff Energy Ltd., Canadian Natural Resources Limited, Chevron Canada Limited, Perpetual Energy Inc., PETRONAS Energy Canada Ltd., Shell Canada Energy, and Tourmaline Oil Corp. will be investing from the upstream natural gas sector, and ATCO Gas Ltd., Enbridge Gas Inc., FortisBC Energy Inc., Pacific Northern Gas Ltd., and SaskEnergy will be investing from the downstream sector.
I am excited to see the semi-finalists of the Natural Gas Innovation Fund committed to driving cleantech innovation in natural gas production and end use distribution, and I look forward to welcoming their investment proposals for stage 2 evaluation and due diligence.
Natural Gas Innovation Fund
We started NGIF with a vision of a full value chain effort to drive innovation in the natural gas industry. I am pleased to see the companies shortlisted today and look forward to learn more about how their technologies can further our industry’s leading efforts to ensure Canadians have affordable, clean, safe and reliable energy
Timothy M. Egan
President and CEO
Canadian Gas Association
NGIF is an industry-led, industry-funded, granting organization created by the Canadian Gas Association that seeks to accelerate cleantech innovation in the production, pipeline transmission, and end-use of natural gas. In so doing, we aim to improve the environmental and economic performance of all in the sector. Our belief is that affordable, reliable, environmentally sound natural gas is a foundational fuel for Canada’s long-term well-being.
About Trusted Partnerships:
Trusted partners are those that fit all of the following criteria:
- Funding organizations with rigorous, fair and transparent due diligence processes comparable in principle (e.g. peer review, technical experts, etc.);
- Canadian federal or provincial government departments and agencies OR organizations with strong alignment with the goals and desired outcomes; and
- Has a memorandum of understanding, a service provider agreement, or other agreement with that allows for the confidential sharing of information.