Through the Green Transition Fund, the Honourable Steve Crocker, Minister of Industry, Energy and Technology, announced over $519,000 to support six green projects throughout the province on September 12.
Through the expression of interest process, six new projects have been approved for funding. These include:
- A1 Hunts Twin Lakes Inc. - $14,157
- Fisheries and Marine Institute of Memorial University - $19,985
- HoldfastNL Seaweed Company - $110,000
- Larch Grove Farm Ltd. - $71,512
- Faculty of Engineering and Applied Science, Memorial University - $45,816
- Newfoundland Power Inc. (Mysa Smart Thermostat) - $258,400
Details about the projects are provided in the backgrounder.
The Green Transition Fund aims to propel the development of environmentally sustainable business practices and clean technologies in the province and position Newfoundland and Labrador as a leader in the global green transition. This fund supports the greening of commercial operations, research and development, manufacturing and extractive resource development, and other areas that help transition to a greener economy.
There has been significant interest shown in the Provincial Government's Green Transition Fund with over $12.7 million in funding approved. To date, throughout the province there have been 40 projects approved and 18 are currently under assessment by the department. This funding has leveraged significant investment from the Federal Government and private sources.
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"These latest investments from the Green Transition Fund demonstrate that Newfoundland and Labrador businesses and organizations are embracing the challenge of decarbonization. We remain committed to supporting initiatives that strengthen our green economy and position our province as a leader in the global energy transition."
Honourable Steve Crocker, Minister of Industry, Energy and Technology
Learn more
Backgrounder : Project details
For more information
Prince Phillip Drive
St. John's Newfoundland
Canada A1B 4J6
www.gov.nl.ca
