$150 Million Announced for Shovel-Ready Projects in Alberta
Deadline is Tuesday, December 22 at 5 p.m. MST
ABOUT THE CHALLENGE
Emissions Reduction Alberta’s new $150 million Shovel-Ready Challenge is now accepting applications. This funding opportunity provides vital financial support to companies ready to implement leading-edge technologies in applications for both greenfield and brownfield operations. This will result in operational efficiencies, cost and emissions reductions, new investment, job creation and retention, and address longer-term environmental sustainability priorities. Successful applicants are eligible for up to $15 million with a minimum request of $2 million.
ERA is seeking field pilots, commercial demonstration and deployment projects in applications that have the highest potential to rapidly create economic stimulus and environmental resiliency. Projects must begin within 60 days of funding approval and outcomes must include demonstration or deployment of technologies in operational environments. New projects and projects at early stages of execution that have been initiated but stalled due to the current economic situation are eligible to apply.
The Government of Alberta is funding up to $100 million for the Shovel-Ready Challenge through the Technology Innovation and Emissions Reduction (TIER) fund. Up to $50 million in additional funds will also be available from the the Government of Canada’s Low Carbon Economy Leadership Fund. This support will be leveraged with private funding, leading to projects valued at approximately $500 million.
Applications are open for all categories of applicants with shovel-ready projects, including industry associations, industry operators, entrepreneurs, technology providers, municipalities, and others. Partnerships between technology developers and industry operators are encouraged to apply. Projects may involve components outside of Alberta, but all demonstration and deployment activities must occur in the province.
The application deadline is Tuesday, December 22 at 5 p.m. Mountain Time.