Clean Technology Producing Hydrogen Gets Funding

The foundation's support has been leveraged by a contribution of $4 million from private consortium members including the University of New Brunswick in Fredericton, Energy Reaction of Montreal, PrecisionH2 Power of Montreal, Enbridge and Hydrogen Engine Center of Iowa. The value of the project is $6 million.

"This funding marks a significant advancement for Atlantic Hydrogen," says Bill Stanley, Chairman. "The successful development and demonstration of these integrated systems will be our first move into a market of sustainable energy demands and environmental protection issues."

Atlantic Hydrogen's technology, the CarbonSaver, will feed hydrogen-rich natural gas to internal combustion engines that generate electricity. At the same time, this innovation removes the carbon in solid form rather than return it to the atmosphere as carbon dioxide. The new technology being developed in this three-year project is expected to be of particular importance for its efficacy in distributed power and refueling applications linked to the existing natural gas distribution grid.

"Innovations such as this will help broaden Canada's mix of clean, reliable sources of electricity," said the Honorable Andy Scott, Minister of Indian Affairs and Northern Development on behalf of the Government of Canada. "This technology will help reduce greenhouse gas emissions, build expertise in clean energy and help us move toward a greener future."

Sustainable Development Technology Canada is a foundation created by the Government of Canada that operates a $550 million fund to support the development and demonstration of clean technologies. To date, SDTC has completed six funding rounds, committed $126 million to 60 clean technology projects, and leveraged $354 million from project consortia members. SDTC currently manages $480 million in projects. This represents a 3:1 ratio of industry-partner contribution to SDTC investment.