Sustainable Development Technology Canada is investing US$7.5 million in Automotive Fuel Cell Cooperation, a joint venture between Daimler AG and Ford Motor Company to reduce the cost of fuel cells.
The foundation is also making a US$9.8 million contribution to Canfor Pulp Products to demonstrate low cost biofuels.
The funds come from a US$32 million package from the Canada’s Minister of Innovation, Science and Economic Development and the province of British Columbia.
The gap in financing to prototype, test and demonstrate energy projects has hindered action on climate change (check out ImpactAlpha’s webinar with ARPA-E and Prime Coalition, “Bridging the Climate Innovation Gap”).
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Photo credit: Canfor