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NRCan offering financial assistance for industrial facility energy management projects
The Industrial Energy Management program is accepting applications for funding until end-of-day November 20 for projects to be completed by March 31, 2022.
October 8, 2020 By Energy Manager Canada
Photo courtesy BC Hydro. Natural Resources Canada’s (NRCan) Industrial Energy Management program is now accepting applications for funding until end-of-day November 20 for projects to be completed by March 31, 2022.
NRCan will provide financial assistance of up to 50% 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 may adjust its level of funding so that the combined level of financial assistance from all public sources does not exceed 75% of total eligible project costs.
There are three types of eligible projects:
- Energy Management Information Systems (EMIS) projects
- Process Integration (PI) and Computational Fluid Dynamics (CFD) studies
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.
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