TORONTO (February 13, 2017): QD Solar, a Canadian technology company created by MaRS Innovation and the University of Toronto, announced today the closing of a C$2.5M Series A funding led by DSM Venturing, with matching investment participation from existing investors, MaRS innovation and KAUST Innovation Fund.
As wind and solar become the fastest growing sources of energy in Canada, one of the biggest challenges for power producers is how to stabilize electricity from these intermittent sources of clean power.
The IESO Conservation Fund program supports innovative energy conservation projects that reduce a business’ demand for Ontario’s public energy. This includes the purchase and installation of energy-efficient technologies, or the development and initiation of internal energy management programs.
The TargetGHG Collaborative Technology Development Program is a $45 million research and development fund aimed at supporting clean technology (cleantech) commercialization partnerships. Innovations created through the collaboration should specifically seek to reduce the greenhouse gasses released by Canada’s heaviest emitters.