Innovative Clean Energy (ICE) Fund: Canada’s Call for Help in Reducing Greenhouse Gas Emissions

Greenhouse gas (GHG) emissions pose a serious risk to the environment and people’s health, and they cannot reduce on their own. The contributions of the government, entities, and the public all play a role in reducing GHG emissions by opting for more sustainable ways of consuming energy. Through the Innovative Clean Energy (ICE) fund and its partnership with Sustainable Development Technology Canada (SDTC), the federal government of Canada is incentivizing innovative private entities to help decrease the country’s GHG emissions. The fund supports the development and commercialization of clean energy technologies, which in turn creates more jobs for Canadians.

Examples of technologies that are supported by the ICE fund include bioenergy, solar, ocean tidal, geo-exchange, desalination, energy management, smart grid and waste-to-energy. Successful entities that have partnered with this fund include universities, First Nations, municipalities, and clean tech companies.

Type of Funding Available

The ICE Fund has dedicated about $111 million since 2008 to fund clean energy technology projects that are yet to be commercialized, clean energy vehicles, R&D, and energy efficiency programs.

Up to 33% of eligible costs can be funded. The largest amount of funding per Project is $3 million or 33% of eligible costs, whichever is lower. The maximum length of funding for a project is 5 years. Funding is released on a rolling basis.

At its sole discretion, the ICE fund can supply more funding for projects that it believes will accelerate high potential technologies.

Eligibility Requirements for applicants

  • Any Canadian private entity or organization can apply.
  • Private entities must develop consortium partnerships with a minimum of one non-related partner entity. This can include potential customers, technology co-developers, and academic institutions. Consortium partnerships do not have to live in Canada.

Eligible Activities

Clean energy projects and technologies that reduce GHG emissions must follow the ICE Fund and SDTC mandates:

  • ICE fund’s mandate supports B.C.’s energy, economic, environmental, and GHG emission reduction priorities and advance the province’s clean energy sector.
  • SDTC’s mandate was created by the federal government to encourage entities to develop sustainably and to support the development and demonstration of innovative technologies to tackle the issues of climate change, air quality, clean water and soil. The SDTC invests in Canadian companies that positively contribute to creating good jobs, driving economic growth, and protecting the environment with their innovative technologies.

The project must be at one of the following stages of development:

  • Prototype (TRL 4-5): technological components are integrated, concept is proven, technology has achieved prototype validation in a simulated relevant environment.
  • Field Pilot (TRL 6): prototype system is ready to be tested in a relevant environment.
  • Commercial Scale Demonstration (TRL 7): technology is ready to test commercial viability.

Eligible Expenditures:

Cash and in-kind eligible expenditures that the applicant and Consortium Partners incurred during the project will be funded. The following list includes eligible costs:

  • Goods
  • Services
  • Professional and technical costs needed to plan and conduct the project
  • Capital items that have no residual value beyond the scope of the project
  • Eligible costs in which the Consortium Partners were not compensated or reimbursed

NOTE: >50% of eligible costs must be incurred in Canada, and the minimum amount of costs must be equal to the funding provided by the ICE fund for the project that must be incurred in British Columbia.

Project Timeline:

Applications for projects are on a rolling basis until further notice. There are no limitations on the number of applications submitted by an applicant. However, each application must be for one independent project. There is no set deadline.

Contact EVAMAX today to help you apply today!

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