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Acceleware Ltd V.AXE

Alternate Symbol(s):  ACWRF

Acceleware Ltd. is an advanced electromagnetic (EM) heating company with highly scalable EM solutions for large industrial applications. Its segments include High-Performance Computing (HPC) and RF Heating. The HPC segment sells proprietary high-performance computing software and related consulting services and training programs to the oil and gas industry. The RF Heating segment is engaged in research, development, and commercialization activities related to advanced electromagnetic heating using radio frequency (RF) energy. It is piloting RF XL, its patented low-cost, low-carbon EM thermal production technology for heavy oil and oil sands. It is also working with a consortium of potash partners on a pilot project using its patented and field proven Clean Tech Inverter (CTI) to decarbonize drying of potash ore and other minerals. It is actively developing partnerships for EM heating of other industrial applications in mining, steel, agriculture, cement, hydrogen and other clean fuels.


TSXV:AXE - Post by User

Post by Whampoaon Aug 23, 2023 10:45pm
163 Views
Post# 35603073

Alberta Innovates providing more $ Hydrogen

Alberta Innovates providing more $ Hydrogen


Wondering if Aurora H2 and AXE will apply for this funding? ? 

EDMONTON, ALBERTA, CANADA, August 1, 2023 – The Government of Alberta is announcing $50 million through Alberta Innovates and Emissions Reduction Alberta (ERA) to support researchers, innovators, companies and industry to develop technologies that are critical to advancing the province’s Hydrogen Roadmap and Natural Gas Strategy.

$25 million in funding will come from ERA for later-stage innovations through their Accelerating Hydrogen Challenge and $20-25 million will come from Alberta Innovates to support early-stage innovations through the Hydrogen Centre of Excellence Competition 2, and additional funding will also come from Natural Resources Canada (NRCan).

Proposals are being accepted in areas including hydrogen production, storage, transmission, and end-use in heavy-duty transportation, industrial heat, power, and chemicals, commercial and residential heating, and other industries. ERA-funded projects must be completed in 36 months, and Alberta Innovates-funded projects must be completed in 24 months. Alberta Innovates, ERA and NRCan are providing a coordinated one-window approach for these two parallel funding competitions to reduce red tape for applicants.

This competition is open to technology developers, industry, industrial associations, small and medium-sized enterprises, research and development (R&D) organizations, post-secondary institutions, municipalities, not-for-profit organizations, Indigenous businesses, municipalities, government research labs and more.

Alberta is the largest hydrogen producer in Canada. The province has all the resources, expertise, and technology required to be a global supplier of clean, low-cost hydrogen. With a worldwide market estimated to be as much as $11 trillion a year by 2050, the hydrogen economy will create thousands of jobs and billions of dollars in economic activity. Alberta’s clean energy leadership will be further enhanced by investing in innovation.

The Hydrogen Centre of Excellence advances technology and innovation ensuring Alberta remains a global energy system leader. Visit the Hydrogen Centre of Excellence Competition 2 webpage for full details.

For more information, watch this video of Alberta Innovates Associate Vice President of Clean Ener



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