Technology industry

Government of Canada invests in Alberta’s cleantech industry, Energy Transition Hub

CALGARY, Alta., January 19, 2022 /CNW/ – As global markets increasingly seek more sustainable solutions to meet energy needs, the clean technology sector presents an opportunity to strengthen the Canadian economy, create quality jobs and contribute to a low carbon future. A recent study on Alberta’s energy transition suggests that the clean technology sector could create 170,000 jobs and contribute $61 billion to gross domestic product by 2050 by alberta alone. The government of Canada is committed to helping Canadian businesses take advantage of this rapid growth and to ensure Canada is a leader in the development of clean technology solutions.

Today, the Honorable Daniel Vandal, Minister of Northern Affairs, Minister responsible for Prairie Economic Development Canada and Minister responsible for the Canadian Northern Economic Development Agency, and the Honorable Randy Boissonnault, Minister of Tourism and Minister Associate of Finance, announced a federal investment of more than $3 million strengthen collaboration, advance emerging leadership and attract private sector investment that will help grow businesses operating in from Alberta clean technology sector.

More … than $2.1 million of this federal contribution will support an Energy Transition Center downtown Calgary. Federal funding will allow the University of Calgary and private sector partner Avatar Innovations to transform vacant office space in the center Calgary into an innovation hub that advances the development of clean energy technologies.

The Energy Transition Center will provide a space where from Canada top energy companies are collaborating with clean energy start-ups, innovators and investors. The Center will facilitate access to specialized equipment, energy transition experts and entrepreneurship programs. As a central hub and world-class center for the energy transition, this initiative is expected to help create at least 25 new companies over the next three years and support the growth of many more operating in the clean energy sector.

An additional amount of $900,000 investment through PrairiesCan will enable the Foresight Clean Technology Accelerator Center to deliver its proven accelerator programs in alberta. Foresight will use the funds to provide the training and investment attraction initiatives that cleantech organizations at various stages of development need to grow and capture global market share.

Quote

“The government of Canada makes strategic investments to build on from Alberta its strengths in clean technologies, including its talent, energy expertise and emerging capabilities in energy transition. Our support for an Energy Transition Center in the heart of the city center Calgary and a proven accelerator for cleantech companies will help ensure that alberta companies can capitalize on these advantages and capture a significant global market share in the cleantech sector. »
The Honorable Daniel Vandal, Minister of Northern Affairs, Minister responsible for Prairie Economic Development Canada and Minister responsible for the Canadian Northern Economic Development Agency

“As the energy industry evolves, alberta has the know-how and determination to be a leader in innovative clean energy solutions. With this investment, our government is taking steps to ensure that alberta remains a leader in the global energy industry for generations to come. Our support will strengthen collaboration, investment and innovation to help alberta businesses and workers thrive in the cleantech sector. »
The Honorable Randy Boissonnault, Minister of Tourism and Associate Minister of Finance

Calgary is well positioned to continue to be the leader in clean energy through our dynamic and experienced workforce and leading research institutes. This investment will allow our government to tap into local infrastructure and talent, advancing innovation in from Canada energy capital, helping us meet our emissions targets and creating good jobs for Calgarians. »
George Chahal, Member of Parliament for Calgary Skyview

“The opportunity for economic growth in Calgary, driven by clean technologies and energy transformation, is based on significant investments. the City of Calgary is pleased to see federal funds directed to innovative players such as Avatar Innovations, University of Calgary and prospective. We are proud to work alongside key partners to establish Calgary as a center of excellence for the energy transition economy which will in turn act as a major catalyst for the revitalization of the city centre.”
Jyoti Gondek, mayor, City of Calgary

“This generous funding takes us another step towards establishing Calgary like from Canada hub for the transition to a low-carbon energy future. The search for solutions for sustainable energy production is at the heart of the Energy Transition Center, and the University of Calgary worked hard with our partner, Avatar Innovations, to lead this transformation. This effort plays a vital role in the revitalization from Calgary economic, and we are proud to be part of this entrepreneurial solution. »
Ed McCauley, President and Vice-Chancellor, University of Calgary

“Abundant, affordable, net-zero energy is the greatest economic opportunity of our generation. Today the government of Canada stood up with industry, academia and thousands of energy workers to make that future a reality. Avatar is excited to expand the Energy Transition Center and seize this opportunity to alberta and all of Canada.”
Kevin Krausert, CEO, Avatar Innovations

alberta has a strong track record of cleantech innovation and excellence. We are pleased to support the growth and impact of clean technologies in alberta in our efforts to position Canada as a global cleantech leader by accelerating business growth with problem-driven solutions. Our acceleration and adoption programs and events provide learning, coaching and connections that help innovators bring their solutions to market faster, creating a strong net-zero economy and driving significant growth in green jobs. »
Jeanette Jackson, CEO, Foresight Clean Technology Accelerator Center

Fast facts

  • PrairiesCan invests $2,140,205 to support an Energy Transition Center in the city center Calgary. The Energy Transition Center is a collaboration between the University of Calgary, Avatar and Industry Innovations.
  • PrairiesCan also invests $900,000 to enable the Foresight Clean Technology Accelerator Center to deliver training and investor attraction initiatives in alberta.
  • Federal funding announced today will spur clean technology innovation in alberta, fostering economic opportunities for Canadian businesses and supporting from Canada commitment to achieve net zero carbon emissions by 2050.
  • A recent study on Alberta’s energy transition conducted for Calgary Economic Development and Edmonton Global, and supported by Prairie Economic Development Canada, concluded that the global energy transition could create 170,000 clean technology jobs in alberta and contribute $61 billion to GDP by 2050.

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SOURCE Prairie Economic Development Canada

For further information: Contacts: Ryan Cotter, Director of Communications, Office of the Minister of Northern Affairs, Minister responsible for Prairie Economic Development Canada and Minister responsible for the Canadian Northern Economic Development Agency, [email protected]; Rohit Sandhu, Communications Manager, Prairie Economic Development Canada, [email protected]California