Emissions Reductions Alberta (ERA) recently announced its 2024 call for projects to apply for the $50M funding, which will be available this year for the Industrial Transformation Challenge (ITC). This funding is designed to kickstart innovation and reduce emissions across all industries in Alberta.
ERA is a provincial agency that was created in 2009 to help the Alberta Government with its environmental and economic goals. The ERA focuses on climate change and supports economic growth by investing in the pilot, demonstration and deployment of clean technology solutions that lower costs, attract investments, reduce GHGs and create more jobs across the province.
Funding is open to applicants from across Alberta’s industrial sectors, including, but not limited to, petrochemical, agriculture, forest products, manufacturing, and energy. Funds are sourced from the Technology Innovation and Emissions Reduction (TIER) fund. TEIR is the core of emissions management in Alberta and implements Alberta’s carbon pricing and emissions trading system. TIER helps industrial facilities across the province find innovative ways to reduce emissions and invest in clean technology to save money and be competitive.
With the cleantech industry making massive strides in the past year, this funding is a massive opportunity for companies large and small to grow their brand. Much like how the Alberta-based Next-Generation Geothermal company Eavor Technologies Inc. continues to gain substantial financial support, funding and long-term investments prove to be crucial for cleantech startups to build projects.
Applicants are eligible to apply for up to $10M per project and have a minimum request of $500,000 per project.
