CleanO2 uses chemistry to reduce emissions from furnaces and water heaters while also producing marketable chemical products
The energy industry gets a bad rap when it comes to innovation, yet the oilpatch is by far the largest spender on clean tech in Canada, to the tune of $1.4 billion a year. As part of its continuing coverage of the innovation economy, the Financial Post reports on the intersection of technology and energy, from the oilpatch in Alberta, off the shores of Nova Scotia to the plains of Saskatchewan.
By the end of the year, the devices will be installed in 32 different locations in Calgary, Vancouver and Minneapolis after successful pilot projects in the past few years with utility firms ATCO Ltd., FortisBC and UK-based retailer Lush Cosmetics. The Canadian federal government has ambitions of being part of the growth and has set an audacious target of 11.4 per cent growth in clean technology exports for the next six years, which would nearly triple previous growth rates of 4 per cent.
Perfect for our commercial customers who might be looking to find a new way to reduce emissions without losing the benefit of having natural gas for their business “The expectation was there would be a much greater number of sequestration projects in the world,” Isaacs said of the Alberta government’s initial plan for the CCS fund.
“I think there is momentum” in small-scale CCS projects, Isaacs said, though such installations would need to be widely adopted in order to effectively mitigate climate change.
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