RE:Team Eddie There's more than one way to raise money for your energy storge company. An excerpt from recent news:
"The chair of the board at a federal green fund has acknowledged that she participated in approving more than $200,000 in grants to her own company.
That news emerged from Wednesday's meeting of the House of Commons ethics committee. MPs on the committee had some pointed questions for Sustainable Development Technologies Canada (SDTC) board chair Annette Verschuren, who is also chair and chief executive officer of NRStor Inc., a Toronto-based energy storage firm.
As SDTC's chair, Verschuren participated in approving grants to NRStor totalling $217,000 in 2020 and 2021. The grants were part of the federal green fund's efforts during the COVID-19 pandemic to send money to companies with existing funding arrangements with SDTC.
SDTC is a federal foundation that provides more than $170 million per year in grants to small and medium-sized businesses in clean technology sectors.
Verschuren said she receives an annual salary of $120,000 from NRStor, in addition to her remuneration for her role at SDTC."