Reshaping Energy Systems
Highlights
This program is a fantastic opportunity for your business to access significant funding aimed at advancing energy technologies. With up to $6.5 million available per project, you can secure the financial support needed to innovate and grow. The funding can be used for a variety of purposes, including piloting, demonstrating, or deploying new technologies within Alberta.
Key Benefits:
- Substantial Funding: Ranges from $500,000 to $6.5 million.
- Flexibility: Funds can be used for energy storage, digital solutions, and more.
- Economic Impact: Expected to create 830 person-year jobs and have a $125 million GDP impact by 2025.
Why Apply?
- Government-Backed: This funding is sourced from the Government of Alberta’s TIER fund, ensuring reliability and support.
- Long-Term Benefits: Projects are estimated to deliver significant GHG reductions and contribute to a more sustainable energy grid.
- Ease of Qualification: The competitive review process ensures that your innovative project has a fair chance of receiving funding.
By participating, you not only gain financial support but also contribute to a more resilient and efficient energy system in Alberta.
Financing Details
Type of Financing: Grant
Repayment Terms and Interest Rates:
- No repayment is required as this is a grant.
Eligible Expenses:
- Development and implementation of technologies that reduce emissions.
- Projects that enhance the flexibility and sustainability of Alberta’s energy grid.
- Costs associated with expanding hydrogen fueling station infrastructure.
- Feasibility studies for Small Modular Nuclear Reactors (SMRs).
- Use of ultrasonic sensors and Artificial Intelligence for power line failure prediction.
Ineligible Expenses:
- General operational costs not directly related to the project.
- Marketing and advertising expenses.
- Costs incurred outside of Alberta.
- Any expenses not directly contributing to emissions reduction or energy system improvements.
Fees:
- No application or processing fees are associated with this grant program.
Qualifications
- Must be located in Alberta.
- Must focus on technologies that reduce emissions and contribute to a flexible and sustainable energy grid.
- Must be involved in projects related to energy transport, distribution, storage, or optimization.
- Must demonstrate a clear value proposition for reducing GHG emissions or enabling the transition to a carbon-neutral economy.
- Must be ready to pilot, demonstrate, or deploy the technology within Alberta.
- Must request funding between $250,000 and $10 million.
- Must ensure the ERA contribution does not exceed 50% of the project’s eligible expenses.
- Must be an innovator, technology developer, Indigenous community, industrial facility owner/operator, industrial association, small and medium-sized enterprise (SME), research and development (R&D) organization, university, municipality, not-for-profit organization, government research lab, or individual.
- Must be willing to collaborate with Alberta’s post-secondary and research institutions, Indigenous communities, and municipalities where appropriate.
Must produce a final outcomes report that is shared publicly.
Disqualifications:
- Projects not located in Alberta.
- Projects that do not focus on reducing emissions or contributing to a sustainable energy grid.
- Projects that do not meet the minimum or maximum funding request.
- Projects where ERA funding exceeds 50% of eligible expenses.
Description
The government is investing $33.7 million in 13 projects to reshape how energy is transported, managed, and used in Alberta. Your business can benefit from this funding, which ranges from $500,000 to $6.5 million per project. This money can be used for piloting, demonstrating, or deploying innovative technologies within Alberta.
The projects focus on various areas, such as expanding hydrogen fueling stations, studying small modular nuclear reactors, and using AI to predict power line failures. The goal is to create a more flexible and sustainable energy grid, reduce emissions, and open up new economic opportunities.
Why is this important for you? This funding can help your business advance in energy technology, reduce operational costs, and contribute to a more resilient energy system. Additionally, these projects are expected to create jobs and have a significant economic impact in Alberta. This is a great opportunity to be part of a transformative initiative that benefits both your business and the environment.
Program Steps
Gather Necessary Documentation: Prepare the following documents to support your application:
- Business plan
- Financial statements
- Project proposal detailing the intended use of funds
- Quotes or estimates for project costs
- Proof of business registration and ownership
Complete the Application Form: Fill out the application form provided by Emissions Reduction Alberta (ERA). Ensure all sections are completed accurately.
Submit the Application: Submit the completed application form and all required documentation to ERA by the specified deadline.
Review and Follow-Up: After submission, ERA will review your application. Be prepared to provide additional information or clarification if requested.
Await Decision: ERA will notify you of the decision. If approved, you will receive details on the funding amount and any further steps required.
Sign Agreement: If your project is approved, sign the funding agreement provided by ERA. This agreement will outline the terms and conditions of the funding.
Implement the Project: Begin your project as outlined in your proposal. Ensure you adhere to the timeline and budget specified in your application.
Report on Progress: Regularly report on the progress of your project to ERA. This includes providing updates on milestones, expenditures, and any challenges faced.
Submit Final Outcomes Report: At the end of your project, submit a final outcomes report to ERA. This report should detail the achievements, GHG reductions, job creation, and other benefits realized from the project.