Toronto: The federal government announced a $9.5-million investment October 24 in two green technologies, solar and energy storage.
An investment in Morgan Solar Inc. supports products based on the company’s proprietary planar optical technology, which reduces the amount of expensive material required in solar panels. One version is the world’s only translucent high-efficiency panel for building environments, and the other has the potential to be the lowest cost panel in the world for utility applications.
A second investment, this one in NRStor Inc., supports the development of greater energy storage capabilities for the Ontario electricity grid by proposing to store energy as compressed air and heat. The innovative system is expected to create new business opportunities for Canadian energy companies. (See also a story on a proposed regulation for compressed air energy storage, elsewhere this issue.)
The two projects are being funded through Sustainable Development Technology Canada, which works with Canadian companies to bring their early-stage clean technologies to market.