Two clean technology projects in Nova Scotia will receive more than $8 million from the Government of Canada’s Economic Action Plan investment in Sustainable Development Technology Canada’s (SDTC) SD Tech Fund.
OpenHydro Technology Canada will use $6,353,000 for the Bay of Fundy Tidal Stream Project, which is composed of an array of turbines that will simulate the cost and performance of a commercial tidal farm in harsh conditions
Located at the FORCE facility in the Bay of Fundy, the site is expected to provide thousands of homes with clean and renewable power by harnessing its tidal energy.
James Ives, chief executive officer of OpenHydro, said the funds represent “next step in the development of commercial tidal farms in the region.”
The second project, Green Power Labs Inc. in Dartmouth, will receive $1,700,000 to develop an advanced building energy management system.
The system will use high-resolution climate forecasts to reduce energy consumption in commercial buildings.
Dr. Alexandre Pavlovski president and chief executive officer of Green Power Labs Inc, said buildings in Canada are responsible for 33 percent of total energy use and emit 35 percent of the nation’s greenhouse gas.
“Our technology will reduce the release of hazardous emissions, increase the efficient and effective use of resources, and will make these benefits accessible to Canadians through better management of commercial buildings in Canada,” he said. “SDTC’s support is instrumental in reaching these results.”