Today, the Government of Canada announced an $86,000 investment to Marine Renewables Canada. Accordingly, this funding will help the non-profit society accelerate the safe, reliable, and cost-effective deployment of clean technology systems.
In fact, Andy Fillmore, Parliamentary Secretary to the Minister of Infrastructure and Communities and Member of Parliament for Halifax, made the announcement on behalf of the Honourable Seamus O’Regan Jr.
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Marine Renewables Canada awarded to accelerate clean energy development and deployment
The Government of Canada today announced an $86,000 investment to non-profit society Marine Renewables Canada. Therefore, this federal funding will help Marine Renewables accelerate safe, reliable, and cost-effective deployment of clean technology systems.
“International standards for marine renewable technologies increase their adoption and provide investors with certainty. Thus, we’re building a low-emissions energy future by investing in clean technologies. In fact, this is how we get to net-zero by 2050,” said the Honourable Seamus O’Regan Jr., Minister of Natural Resources.
Accordingly, Andy Fillmore, Parliamentary Secretary to the Minister of Infrastructure and Communities and Member of Parliament for Halifax, made the announcement on behalf of the Honourable Seamus O’Regan Jr.
Moreover, “these efforts will give investors, regulators, and project developers the knowledge they need to invest in Canada’s marine renewable sector confidently,” said Andy Fillmore, Parliamentary Secretary to the Minister of Infrastructure and Communities and Member of Parliament for Halifax.
In fact, this funding is part of the government’s commitment to developing clean technologies. Mainly, focusing on those that drive Canada’s economy and create jobs as the country recovers from the COVID-19 pandemic.
Reception and final key takeaways
Elisa Obermann, Executive Director, Marine Renewables Canada, noted: “As an emerging clean energy sector, the development of technical standards that are internationally recognized is critical to the success of marine renewable energy technologies and projects. Therefore, Marine Renewables Canada has appreciated the support from the Government of Canada to facilitate the Canadian subcommittee for the International Electrical Commission’s (IEC) TC-114 standards development.”
Moreover, “the support has been instrumental in bringing Canada’s industry experts together to provide leadership and guidance in the development of technical specifications and international standards.”
Accordingly, the investment supports Canadian experts participating in developing international standards for marine renewable energy. For instance, these standards are best practices based on industry experiences from across the world.
Therefore, those schemes help reduce the cost of deploying marine renewable technology. Besides, they facilitate international collaboration and trade. Similarly, when informed by industry, these regulations can accelerate economic growth while stimulating innovation and increasing industry competitiveness.
Finally, Natural Resources Canada’s Energy Innovation Program will fund the project. Thus, helping advance clean energy technologies that help Canada meet its climate change targets. Moreover, the country is looking to build a low-emissions energy future.
Finally, according to the government, this is possible through investments in research, development, demonstration projects, and related scientific activities.
