Squamish, British Columbia<\/p>\n
A strong economy and a clean environment go hand in hand. That\u2019s why the Government of Canada is supporting the development of technologies that lead to less pollution, healthier communities and the creation of well-paying middle-class jobs.<\/p>\n
Today, Pamela Goldsmith-Jones, Parliamentary Secretary to the Minister of Foreign Affairs (Consular Affairs), on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced an investment of $2.89 million in Rotoliptic Technologies Incorporated.<\/p>\n
This investment supports the high-efficiency positive displacement pump technology developed by Rotoliptic. Consisting of only two parts, the unique pump architecture of this revolutionary technology means simple deployment, lower operating costs and applicability to a wide range of pumping needs. This innovation has the potential to lower both the energy consumption and the cost of ownership by approximately 40%. The investment will also help maintain 9 jobs and create 6 additional ones.<\/p>\n
This project received funding and support from Sustainable Development Technology Canada (SDTC), which helps Canadian entrepreneurs accelerate the development and deployment of globally competitive clean technology solutions.<\/p>\n
Investments in clean technology are part of the Government\u2019s Innovation and Skills Plan, a multi-year strategy to position Canada as a global leader in innovation and create good middle-class jobs right across the country.<\/p>\n
Quotes
\n\u201cInnovative technologies like the one developed by Rotoliptic demonstrate how a strong economy and a clean environment go hand in hand. Today\u2019s investment will help the oil and gas industry lower its energy consumption, reduce associated greenhouse gas emissions, and maintain and create jobs by reducing costs for the producers.\u201d
\n\u2013 Pamela Goldsmith-Jones, Parliamentary Secretary to the Minister of Foreign Affairs (Consular Affairs)<\/p>\n
\u201cWhen it comes to clean technology, Canada has the opportunity to be a true global leader, creating good middle-class jobs for Canadians while helping meet our climate change goals. By making clean tech a priority today, our government is securing Canada\u2019s international leadership position so all Canadians can reap the benefits of this fast-growing market now and into the future.\u201d
\n\u2013 The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development<\/p>\n
\u201cPumps use more electricity than any other piece of equipment in the oil and gas sector. Rotoliptic\u2019s new pump design will reduce energy consumption by up to 40%. Adoption of this technology will support the Canadian oil and gas sector\u2019s leadership in clean tech.\u201d
\n\u2013 Leah Lawrence, President and CEO, Sustainable Development Technology Canada<\/p>\n
\u201cIndustrial pumping of fluids accounts for 20% of global electricity consumption and 5.6% of global greenhouse gas emissions. The revolutionary Rotoliptic pump architecture has the potential to reduce these numbers significantly. We are excited to continue innovating with the help of SDTC and the Government of Canada, and this funding allows us to both expand our team and advance our technology towards commercialization. This funding gives us the ability to continue to develop our high-efficiency pump that will have far-reaching clean technology implications for the global pumping industry.\u201d
\n\u2013 Brendan Downes, Executive Chairman and CMO, Rotoliptic Technologies Incorporated<\/p>\n
Quick facts
\nThe world is taking notice of Canada\u2019s clean technology leadership: 12 Canadian companies were recently recognized on the 2019 Global Cleantech 100 list. Of those, 10 have received support from Sustainable Development Technology Canada. That\u2019s 10 percent of the world\u2019s leading clean tech companies.<\/p>\n
Rotoliptic Technologies Incoporated is headquartered in Squamish, British Columbia, and will demonstrate its technology in Canada and the United States.<\/p>\n
SDTC has invested over $1 billion in more than 300 companies, creating 11,000 well-paying jobs and reducing greenhouse gas emissions by an estimated 13.8 megatonnes annually.<\/p>\n
Budget 2017 set aside more than $2.3 billion to boost growth in Canada\u2019s clean tech space. That\u2019s the largest public investment ever committed to this area in Canada.<\/p>\n
Clean tech companies can get advice from a team of experts from across government through the Clean Growth Hub. The Hub provides a single, easy point of contact for connecting with clean technology programs and services.<\/p>\n","protected":false},"excerpt":{"rendered":"
Squamish, British Columbia A strong economy and a clean environment go hand in hand. That\u2019s why the Government of Canada is supporting the development of technologies that lead to less pollution, healthier communities and the…<\/p>\n","protected":false},"author":1,"featured_media":588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-sectors"],"acf":[],"yoast_head":"\n