Applications Now Open for Smart Grid Fund
Projects to Boost Innovation and Reduce Electricity Costs
Ontario is now accepting applications for the Smart Grid Fund to help improve the delivery of electricity to families and businesses, reduce costs and create jobs.
This round of funding from the Smart Grid Fund supports two types of projects: pilot projects by businesses and other entities that seek to commercialize new and innovative smart grid technologies, and deployment projects that help Ontario utilities acquire and install grid modernizing solutions.
Organizations including companies and local distribution companies are invited to apply online on or before March 23, 2018 at 9 a.m. EST.
Ontario’s plan to create fairness and opportunity during this period of rapid economic change includes a higher minimum wage and better working conditions, free tuition for hundreds of thousands of students, easier access to affordable child care, and free prescription drugs for everyone under 25 through the biggest expansion of medicare in a generation.
- The Smart Grid Fund supports projects that test, develop and bring to market the next generation of energy grid solutions, helping consumers and businesses manage energy costs, improve conservation efforts, and integrate new beneficial technologies like electric vehicles and storage.
- This call for applications is for Phase 1 of Round 4 of funding. Phase 2 of Round 4 will launch later this spring, giving eligible applicants more time to complete their applications.
- The Smart Grid Fund was launched in 2011 to support innovation in Ontario’s energy sector. Investments have helped Ontario companies test cutting-edge technologies that have improved the efficiency of the province’s electricity distribution grids and reduced costs for ratepayers.
- Ontario recently invested $10.5 million to support 12 Round 3 Smart Grid Fund projects. Since 2011, the Smart Grid Fund has supported 37 projects, directly created about 800 jobs, and led to nearly $200 million in total sector investments in grid modernizing technologies.
“It speaks volumes when Ontario companies are ready and willing to support the continued modernization of our province’s clean, reliable and affordable electricity system. Our government is committed to providing the tools and opportunities to create the partnerships that will strengthen our grid, while improving affordability for families and businesses.”