{"id":499,"date":"2017-10-12T14:18:26","date_gmt":"2017-10-12T14:18:26","guid":{"rendered":"https:\/\/sdtc-2024-staging.sociationdev.com\/?p=499"},"modified":"2020-01-05T17:23:06","modified_gmt":"2020-01-05T17:23:06","slug":"investments-made-in-nova-scotia-will-support-environmentally-friendly-technologies-and-healthier-communities","status":"publish","type":"post","link":"https:\/\/sdtc-2024-staging.sociationdev.com\/en\/investments-made-in-nova-scotia-will-support-environmentally-friendly-technologies-and-healthier-communities\/","title":{"rendered":"Investments made in Nova Scotia will support environmentally friendly technologies and healthier communities"},"content":{"rendered":"

Canadian families will benefit from solar-powered vehicle technology that reduces carbon dioxide emissions and improves energy efficiency, thanks to a $5,395,000 investment by the Government of Canada.<\/p>\n

This investment in\u00a0Metamaterial Technologies Inc<\/u><\/a>.\u00a0will support technology development that has the potential to lead to greener vehicle alternatives for Canadians, which will mean cleaner communities and a healthier environment.<\/p>\n

The announcement was made today by Darren Fisher, Member of Parliament for Dartmouth\u2013Cole Harbour, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.<\/p>\n

This project is being funded through\u00a0Sustainable Development Technology Canada, which works with Canadian companies to bring early-stage clean technologies to market.<\/p>\n

Two other companies in Nova Scotia received federal investments in clean technology this year:\u00a0CarbonCure<\/a>, based in Dartmouth, to support technology that helps reduce greenhouse gas emissions during the production of concrete; and\u00a0Sustane Technologies<\/a>, based in Chester, to support the construction of a new waste transformation facility.<\/p>\n

Investments in clean technology are part of the Government\u2019s\u00a0Innovation and Skills Plan<\/a>, a multi-year strategy to create well-paying jobs for the middle class and those working hard to join it.<\/p>\n

Quotes<\/h4>\n

Solar energy is a green alternative to reduce carbon dioxide emissions from vehicles. Metamaterial\u2019s technology captures more of the sun\u2019s energy than other technologies currently on the market. I am thrilled this is being developed in our own backyard and will be used in hybrid solar-powered vehicles. It has the potential to create well-paying middle-class jobs in Dartmouth and equip Nova Scotians with the skills they need for a fast-growing, globally competitive economy based on clean technology.\u201d<\/p>\n

\u2013 Darren Fisher, Member of Parliament for Dartmouth\u2013Cole Harbour<\/p>\n

\u201cOur government\u2019s investments in clean technology reflect our commitment to protecting the planet. But they also point to a clear and strategic direction for economic development through innovation. That\u2019s because innovations in clean tech will lead to products and services that have an impact on all sectors of the economy. And clean tech has the potential to create thousands of well-paying jobs for Canadians. That\u2019s how innovation leads to a better Canada.\u201d<\/p>\n

\u2013 The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development<\/p>\n

\u201cMetamaterial Technologies is capturing sunlight in new ways for our\u2014and the Earth\u2019s\u2014benefit. This Halifax-based clean tech company is doing extraordinary things to increase the efficiency of solar cells, and SDTC is proud to be a supporter.\u201d<\/p>\n

\u2013 Leah Lawrence, President and CEO, Sustainable Development Technology Canada<\/p>\n

\u201cToday marks another milestone in the advancement of our solar technology, and this investment allows us to accelerate and expand our research and development for the transportation industry. Transport accounts for about 19 percent of global energy use and 23 percent of energy-related carbon dioxide emissions. Transport energy use and CO2 emissions are projected to increase by nearly 50% by 2030 and by more than 80% by 2050. At MTI, our team is working to develop and commercialize a new product called metaSOLAR, which will be the first light-weight and high-efficiency silicon-based solar cell technology suitable for the transport industry here in Canada and globally.<\/p>\n

\u2013 Dr. George Palikaras, Founder and CEO, Metamaterial Technologies Inc.<\/p><\/blockquote>\n

Quick Facts<\/h4>\n

To help clean technology firms grow, the Innovation and Skills Plan includes investments of nearly $1.4 billion in new financing on a cash basis, starting in 2017\u201318. That funding will be allocated through the\u00a0Business Development Bank of Canada\u00a0and\u00a0Export Development Canada\u00a0as follows:<\/p>\n