Alberta’s Clean Technology sector (Cleantech) offers untapped investment opportunities for growth and earning potential across a number of sectors, from agriculture to software, as the province transitions to a cleaner economy. Progressive policies and strategies such as the Alberta’s Climate Leadership Plan, the Alberta Jobs Plan, and the Climate Change Innovation and Technology Framework create niche investment opportunities in Alberta.
Alberta, where clean technology thrives
A Thriving Green Technology Economy
- Alberta’s carbon levy is expected to raise $5.4 billion for a variety of climate-related initiatives, spurring the demand for new cleantech products and services over the next three years.
- Huge business potential from the deployment of clean technologies in Alberta’s oil & gas industry.
- The average annual growth rate of expanding cleantech companies is 5.6%.
- 85% of cleantech companies report they will reach the next goal for their business or technology within the next two years.
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The government committed to a Green Technology Future
- The Government of Alberta’s climate change legislation commits to phasing out emissions from coal-fired power plants by 2030 while introducing a carbon levy, which took effect on January 1, 2017.
- Commitments also include increasing renewable energy capacity, reducing methane emissions and capping oil sands emissions.
- As of April 2018, Alberta will invest $5.3 billion to support a diversified, lower carbon economy over the next three years.
- The Canadian Government has also pledged $7.4 billion over the next five years to support cleantech growth across the country.
- 68% of Alberta Cleantech companies say that legislation, regulation or government policy changes related to climate change have increased interest in their technology or demand for their products.
A suite of funded programs to help you succeed
The Climate Change Innovation and Technology Framework is a strategic initiative of the Government of Alberta as part of its Climate Leadership Plan.
Alberta Economic Development and Trade, Emissions Reductions Alberta and Alberta Innovates are working together to deliver a suite of funded programs that support clean technology research, innovation and commercialization over the next three years:
- Clean Technology Development program
- Clean Technology Networks and Emerging Partnerships program
- Clean Technology Commercialization program
- Clean Technology Business
- Innovation program
- Clean Technology Facilities
- Support program
- Clean Technology Large-scale
- Demonstration and Innovative
- Deployment program
Market Access
- Alberta is already developing cleantech solutions that are manufactured and deployed locally -and sold to the world.
- Alberta’s cleantech businesses benefit from a strong telecommunications network, strong transportation links and proximity to the U.S., as well as easy access to the Pacific Rim and Europe.
- 35% of commercialized clean-tech companies in Alberta are already exporting products and services globally and are looking for opportunities to expand.
Industry Opportunities
Research and Development
Alberta research and development institutes innovating within the CleanTech industry Carbon Capture and Conversion Institute (CCCI) – http://www.cmcghg.com/businessunits/ccci/ CCCI accelerates the development, piloting, scale-up and validation of new carbon capture and conversion technologies.
Institute for Oil Sands Innovation (IOSI) at the UofA –http://www .iosi.ualberta.ca/en/About.aspx IOSI combines several innovative approaches to improve oil sands operations with a reduced environmental footprint by minimizing water use, consuming less energy, lowering greenhouse gas and other emissions, yielding high-quality products at lower [Read More]
C-FER Technologies – https://www .cfertech.com/joint-industry-projects C-FER Technologies works with oil and gas industry and client subject matter experts to develop solutions to unique engineering problems in upstream drilling and production operations as well as midstream and downstream pipeline operations. InnoTech Alberta – https://innotechalberta.ca/
InnoTech Alberta offers a diversified range of scientific, engineering and technological research and testing capabilities, facilities to support technology scale-up, and expert advice to accelerate technology development and application.
Kinetica Innovation Centre (KICS) – http://www.sait.ca/applied-research-and-innovationservices/our-facilities/kinetica-innovation-centre The KICS Prototyping Lab at SAIT is a facility and program that helps Alberta innovators and researchers design, prototype and test their proprietary technologies. Enerplus Centre for Innovation – http://www.sait.ca/applied-research-and-innovationservices/our-facilities/enerplus-centre-for-innovation The Enerplus Centre is Applied Research and Innovation Services’ main industrial-scale prototype fabrication and testing space. The facility supports the development, fabrication, testing, and commercialization of innovative technology solutions.
NanoCARTS at NAIT – http://www.nait.ca/44779_91371.htm Hub for Alberta’s nanotechnology industry, assisting in prototyping and product-development (tech development and demo facilities).
- Alberta Machine Intelligence Institute – www.amii.ca Amii employs machine learning and artificial intelligence together. Amii collaborates with organizations from across Alberta and beyond to help develop innovative machine intelligence solutions for the toughest business problems.
Business Support Programs
The Climate Change Innovation and Technology Framework is a strategic initiative of the Government of Alberta as part of its Climate Leadership Plan. Alberta Economic Development and Trade, Emissions Reductions Alberta and Alberta Innovates are working together to deliver a suite of funded programs that support clean technology research, innovation and commercialization over the next three years.
Alberta Innovates Clean Technology Programs – https://albertainnovates.ca/fundingclean-technology/climate-change-innovation-and-technology-framework-ccitf/ $145M has been invested by the Government of Alberta on Cleantech research and innovation that will reduce GHG emissions and help transition Alberta to a lower carbon economy.
Alberta’s Energy Innovation Fund – https://www.alberta.ca/energy-innovation-fund.aspx The Government of Alberta’s provides funding for innovative projects relating to oil sands, industrial energy efficiency, bioenergy, and more.
Emission Reduction Alberta (ERA) Funding Programs – https://www.eralberta.ca/applyfor-funding/ Funding is available for research and development relating to oil sands innovation, industrial efficiency , and biotechnology, electricity, and sustainable transportation.
Canada’s Oil Sands Innovation Alliance (COSIA) Challenges –https://www .cosia.ca/challenges COSIA is hosting multi-million dollar challenges related to research and development relating to their environmental priority areas: greenhouse gases, land, tailings, water, and monitoring
Related Organizations
Organizations that offer support to the Cleantech Industry in Alberta Alberta Innovates – https://albertainnovates.ca/ Alberta Innovates is a catalyst for innovation. Innovators, businesses and researchers can easily tap into our collective assets – cross-sectoral knowledge and expertise, funding, networks and research facilities.
Emissions Reduction Alberta – http://eralberta.ca/ ERA accelerates the demonstration, scale-up, and deployment of innovative clean technology solutions that will secure Alberta’s success in a lower-carbon economy.
Energy Efficiency Alberta – https://www .efficiencyalberta.ca/ EEA promotes the use of cutting-edge technology in Alberta to reduce emissions.
Alberta Clean Technology Industry Alliance – https://www .actia.ca/ ACTia is an industry-focused organization working to support Albertans in developing clean technologies.
Alberta Incorporation Service in 24 Hours. New low incorporation fee $99,99 plus Govt fees. Business Corporations are incorporated in Alberta, according to the provisions of the Alberta Business Corporation Act with the Alberta Corporations Division. Company Formations Canada provides fast and easy Alberta Incorporation Service for only $99.99. Incorporate Today in Alberta.
