Congratulations to AC client Evelyn Allen and her team at Evercloak for being chosen as a winner of the Breakthrough Energy Solutions Canada initiative to enhance the pace and scale of their clean technology.
AC client Evercloak Ink., a Waterloo-based startup commercializing energy-efficient graphene-based membranes for dehumidification applications, was today announced as one of ten winners of the Breakthrough Energy Solutions Canada initiative in a Government of Canada news release. The company received $900,000 to enhance the pace and scale of its clean technology to significantly reduce greenhouse gas emissions.
Investing in the development of new and innovative technologies to help Canada fight climate change, boost the economy and create more jobs for Canadians, the federal program is a first-of-its-kind public–private initiative, aimed at accelerating the development of clean energy technologies.
In 2016, air-conditioning (A/C) consumed 2,000 terawatt hours of energy globally, representing 10% of worldwide energy use and generating the equivalent of 1.13 Gt/year of GHG. By 2050, those rates are expected to triple, with emissions growing to 3.5 Gt/year of GHG. Currently 62% of this energy is used in the commercial sector, where buildings are cooled by large-scale HVAC systems.
Evercloak’s technology aims to cut energy costs of A/C by over 50% compared to traditional systems. In partnership with strategic HVAC OEM partners, they will target the commercial A/C market, where buyers are more likely to pay a higher capital cost to achieve lower operating costs and increase efficiency. Once they have established a foothold in the commercial market, they will enter the residential market, with a plan to capture 30% of both markets by 2050 to reach GHG reduction of over 0.5 Gt/year.
"Our government is proud to support Breakthrough Energy Solutions Canada, a program that brings together the public and private sectors to transform Canada's energy industry. On behalf of all Canadians, congratulations to all the winners. I look forward to seeing their innovations play a role in transforming our energy future." -The Honourable Seamus O'Regan, Canada's Minister of Natural Resources
Other recipients are:
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