NRCan offers financial assistance to improve energy efficiency in industrial facilities

Natural Resources Canada’s (NRCan) Industrial Energy Management program is accepting applications to fund projects to be completed by March 31, 2022.

According to NRCan, financial assistance is available to help fund industrial facility’s energy management project. The government department states that it will provide financial assistance of up to 50 per cent of eligible costs, to a maximum of $40,000 per facility.

This financial assistance can be combined with other funding sources. When it is, NRCan says it may adjust its level of funding so that the combined level of financial assistance from all public sources does not exceed 75 per cent of total eligible project costs.

The three types of eligible projects include:

Eligible facilities are those engaged in energy consuming processes that involve the physical or chemical transformation of materials or substances into new products.

Products may be finished (ready to use or consume) or semi-finished (raw material). Related activities include assembling component parts, blending materials, and finishing products.

To receive the cost-shared assistance, the company/facility needs to be a CIPEC leader.

 Facilities located in British Columbia may be eligible for additional cost-shared financial assistance from the British Columbia Ministry of Energy and Mines.

Applications are open until November 20 at 23:59 EST. To request the application package, send an email to RFP for Industry.

For more information, refer to Financial assistance for industrial energy management projects.

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