$400,000 contribution to help Toronto-based company develop innovative, alternative energy solutions, create 33 jobs and expand to new markets
November 16, 2017 Toronto, Ontario Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
A clean environment and a healthy economy are tied together. Canadians understand that as a nation, we need to do our part to protect our environment while embracing new opportunities for growth. Companies such as Clear Blue Technologies Inc. are leading the way by effectively making use of sustainable and renewable sources of energy, which will play an important role in shaping Canada’s future economy.
Today, Yasmin Ratansi, Member of Parliament for Don Valley East, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for FedDev Ontario, announced an investment of up to $400,000 in Clear Blue Technologies Inc. to scale up activities for its solar and wind powered control system.
Clear Blue Technologies Inc. has developed an environmentally-friendly Smart Off-Grid management and control system. This unique technology enables devices such as outdoor lighting, telecom systems, Internet of Things devices and security cameras to be powered by solar and wind energy and remotely managed, controlled and monitored in real-time, through its cloud software platform. Use of Smart Off-Grid ensures high reliability, lower ongoing maintenance costs and longer life for these important off-grid systems.
FedDev Ontario’s contribution, through the Investing in Business Innovation initiative, will help the company expand its marketing activities and sell its technology to a broader range of international clients, in sectors such as telecom, rail, oil and gas, and traffic management. The company will also focus on increasing its production capacity in order to market its technology at a quicker rate and on a broader scale. This project is expected to create up to 33 full-time jobs and reinforces the Government of Canada’s commitment to supporting technologies that will advance our environmental objectives and support growth in the clean tech sector.
“The Government of Canada is proud to support Clear Blue Technologies Inc., and their commitment to developing alternative solutions to help reduce energy consumption. This funding is helping to create jobs for the region while supporting growth for the clean technology sector.”
- Yasmin Ratansi, Member of Parliament for Don Valley East
“The demand for more sustainable and renewable sources of energy, and new technologies, is increasing, and Canadian companies are ready to rise to the challenge and lead the way to change. Today’s investment in Clear Blue Technologies Inc. will support scale-up activities for the company, while reinforcing our shared commitment to innovative, sustainable practices that promote a globally-competitive economy in the long term.”
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Federal Economic Development Agency for Southern Ontario