December 15, 2020 – Ottawa, Ontario
Natural Gas Innovation Fund
Today, the Natural Gas Innovation Fund™ (NGIF) announces the finalists from Round 5 of its funding competition for clean technologies for natural gas production.
NGIF’s $3-million funding call targeted clean technology solutions for the production of natural gas. We are now pleased to announce the approval of $1,935,210 in project funding for eight upstream finalists in five of NGIF’s cleantech categories below. Funding for all finalists is subject to a negotiated contribution agreement.
NGIF collaborated with its Trusted Partner, Emissions Reduction Alberta (ERA), to leverage funding opportunities. In a parallel process, ERA committed over $58 million in funding to 20 projects through its Natural Gas Challenge. Five of NGIF’s Round 5 finalists — Kinitics Automation, Westgen Technologies Inc., Ekona Power Inc., Modern Wellbore Solutions, Standing Wave Reformers, Inc. — were also awarded support through ERA’s funding competition.
NGIF is currently funded by five natural gas utilities (ATCO Gas Ltd., Enbridge Gas Inc., FortisBC Energy Inc., Pacific Northern Gas Ltd. and SaskEnergy) and seven natural gas producers (Birchcliff Energy Ltd., Canadian Natural Resources Limited, Chevron Canada Limited, Perpetual Energy Inc., PETRONAS Energy Canada Ltd., Shell Canada Energy, and Tourmaline Oil Corp). All of these investing organizations are dedicated to cleantech innovation for Canada’s natural gas sector.
Please visit www.ngif.ca for more information.
Quotes:
“With each new funding round, I am excited to see momentum growing for cleantech solutions in the natural gas sector. These start-up companies represented in this recent round of finalists have the potential to bring to market clean technologies that advance the environmental and economic performance of our sector.”
John Adams, Managing Director, Natural Gas Innovation Fund
“The trusted partnerships NGIF has been able to secure with groups like Emissions Reduction Alberta are important to the advancement of the work these start-ups are doing in the natural gas industry. When we first started NGIF, we were focused on the end-use of natural gas. Now, with the inclusion of natural gas production, we have extended our reach to the whole value chain. It is exciting to see the range of clean technologies that are emerging as a result — a growing opportunity for the industry, and Canada as a whole.”
Timothy M. Egan, President and CEO, Canadian Gas Association
“Through this collaboration, we were better able to identify promising technologies, leverage funds, and streamline processes to help advance innovation across the natural gas value chain. This is exactly what the Trusted Partner approach is designed to achieve.”
Steve MacDonald, CEO, Emissions Reductions Alberta (ERA)
About NGIF:
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.
Associated Links:
Natural Gas Innovation Fund
Canadian Gas Association
NGIF LinkedIn
NGIF Twitter
Aysha Raad
Director, Communications
Canadian Gas Association
613-748-0057
araad@cga.ca
John Adams
Managing Director
Natural Gas Innovation Fund
613-748-0057
jadams@cga.ca