QD Solar, a Canadian startup co-founded by U of T researchers Ted Sargent and Sjoerd Hoogland, has received a big boost in funding and an important international nod to help bring its solar technology to market.
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.