British Columbia Invests $8M In Clean Energy

British Columbia‘s provincial government recently¬†doled out $8 million Canadian in support of 12 entrepreneurs developing new clean energy technologies that have still yet to hit market, via investment from the province’s Innovative Clean Energy (ICE) fund. The investment adds to $71 million already invested by the entrepreneurs behind the projects, local communities, and First Nations who have supported the projects.

Individual projects will receive between $81,000 and $1 million each from the new investment. Among the projects supported through the ICE fund are a solar powered LED lighting system that the Tsay Keh Dene First Nation will install on an airfield at Williston Lake, the first such system in British Columbia. Another project, in Kamloops, is Nations Energy Corp.’s commercial scale torrefaction plant, which plans to convert wood damaged by mountain-pine beetles to bio-coal fuel pellets that can be used in place of coal at power plants and boilers.

First Nations Solar Energy in British Columbia

image via British Columbia provincial government

In a statement announcing the contributions, the British Columbia Ministry of Energy and Mines said the new projects should bring 475 jobs to ten communities in the province. Combined, the ministry says, the projects will cut up to 87,782 tons of greenhouse gas emissions per year.

British Columbia has invested $72 million in 56 projects paid for through the ICE program since 2008. Twelve of these projects have been completed.