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Investments strengthen Alberta's competitive advantage in clean technology sectorUniversity of Alberta receives support to develop and promote clean technology EDMONTON, Jan. 26, 2018 /CNW/ - One of Canada's leading research post-secondary institutions, the University of Alberta, is receiving combined investments of almost $3.3 million towards three projects that support the development and commercialization of clean technologies and products. The funding was announced today by the Honourable Amarjeet Sohi, Minister of Infrastructure and Communities, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada. The investments announced today build upon Alberta's diverse and growing clean technology sector, stimulating economic growth and advancing Canada's environmental objectives. The three projects will support new bioproducts derived from fermentation with clean technology applications, optimize traffic flow to reduce greenhouse gas emissions, and improve microgrid energy storage systems including solar and wind power. Quick Facts
Quotes "Investments like ones we are celebrating today are key to Canada's transition to a low-carbon economy. Clean tech innovation in microgrid systems, connected vehicle technology and bioproduct innovation are especially important as it helps us create more energy-efficient and environmentally friendly solutions." "This contribution from Western Economic Diversification Canada will promote the growth of Alberta's budding natural health products industry and take development of these new products to the next level." "A transportation revolution is underway that will be as disruptive as the invention of the first automobile. New technology allows us to travel in greater safety, deliver goods and people on time and even reduce greenhouse gas emissions. As roads, cars and people become connected and share information, our daily lives will improve. We are grateful for this funding—which will have a tremendous impact on people, the environment and the economy as we enter the era of smart transportation." "The world is in the early stages of a global transition to a low-carbon economy. Energy storage is a critical component for enabling integration of Canada's vast but intermittent renewable solar and wind energy resources. A made-in-Canada solution to integrating new batteries and microgrids will help both large and small communities take advantage of low-carbon energy sources available to them. Backgrounder The global economy is moving toward a greener future and Canada is working to keep pace. The global campaign against climate change is an economic opportunity for Canada to create jobs and meet our climate change goals. Developing a strong clean technology industry will help support the adoption of alternative technologies and create well-paying, middle-class jobs for Canadians. The Western Diversification Program (WDP) is the main program through which Western Economic Diversification Canada (WD) makes strategic investments in initiatives with not-for-profit organizations that enhance and strengthen the economy of Western Canada. Today's announcement is for three WDP clean technology projects at the University of Alberta:
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SOURCE Western Economic Diversification Canada |