VANCOUVER – The B.C. Centre for Innovation and Clean Energy (CICE) has announced it is investing $1.25 million in three B.C. companies focused on low carbon hydrogen, carbon management and low carbon synthetic fuels.
Unilia Fuel Cells Inc. and Expander Technologies Inc. are both looking at how to reduce carbon emissions in transportation and InnoCast Concrete Ltd. is looking at carbon sequestration during hydrogen production and reduction of concrete’s high carbon footprint through the permanent capture and storage of carbon compounds in concrete, a CICE release said.
“Investing in British Columbia startups is more than fostering innovation; it’s about driving economic growth and creating jobs for sustainable economic prosperity. At CICE, we are proud to support these groundbreaking companies by unlocking capital to commercialize and scale essential net-zero technologies that can transform our construction and transportation sectors,” CICE CEO Sarah Goodman stated.
In July, CICE announced a total of $7.6 million in non-dilutive funding to nine recipients of 2024’s first Call for Innovation, with the Unilia, InnoCast and Expander Technologies investment increasing this total to $8.82 million across 12 funding recipients, the release said.
To date, CICE has invested $32 million in 48 clean energy and climate technology projects valued at over $174 million, it added.
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