Four Toronto-area companies will be receiving a slice of $40 million in funding for the development of sustainable technologies, Sustainable Development Technology Canada
announced earlier this month.
Among the recipients is
Electrovaya, a Mississauga company that is developing batteries and battery systems for plug-in electric vehicles. Its project to develop a plug-in battery for use in hybrid vehicles, intended to be used in a test fleet of Chrysler pick-up trucks, received $5 million. In a
release, Electrovaya CEO Sankar
DasGupta noted that the battery is made using an innovative zero-emissions process.
Other Toronto-area companies receiving funds are:
3XR Inc, for an energy-efficient process to strip ammonia from wastewater to make fertilizer;
InvoDane Engineering, for a gas pipeline inspection technology; and Lakeshore EMPC Two L.P., for an on-site treatment of brownfields contaminated by chlorinated organic solvents.
The projects were among 18 across the country to receive a total of $40 million in funding (a full list of projects is available
here). The SDTC is an arms-length federal agency operating with a grant of $1.05 billion to fund innovative green technologies. In announcing the projects, SDTC Chairman Juergen Puetter noted that the companies funded "create jobs, provide
Canada a technological edge and contribute to improving the quality of
Canada's air, water and soil."
Writer: Edward Keenan
Sources: Patrice Breton, Director, Communications, SDTC; Electrovaya Inc.
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