Three Ottawa companies get SDTC Tech Fund money

Three Ottawa companies are among the seven beneficiaries of  $28.6 million of federal investment in clean-tech projects, the Harper government announced Friday.

Grafoid Inc. will receive $8.1 million to develop low-cost, environmentally sustainable, high-quality graphene with a minimal environmental footprint. Graphene is used in the semiconductor, electronics, battery energy and composites industries.

Ranovus Inc. will receive $4.25 million to commercialize technology that streamlines data in data centres that dramatically lowers energy consumption.

GaN Systems will receive $2.2 million to maximize the efficiency of electric vehicle chargers connecting to the power grid, reducing wasted heat and cutting power losses while batteries charge.

Toronto’s OTI Lumionics, Kelvin Storage, Mississauga’s Polar Sapphire, and Concord’s Ionada were the other beneficiaries from the Sustainable Development Technology Canada Tech Fund.

The announcement comes two days after the fund opened applications for a new wave of clean-tech entrepreneurs.

“The energy required for data centres accounts for two percent of the world's electricity consumption and growing,” Ranovus chairman and CEO Hamid Arabzadeh said in a statement. “The support of the Government of Canada and SDTC will enable RANOVUS to build a world-class Canadian capability to tackle the energy efficiency of data centres around the world."