Government Funding for Business Grants for Implementing the ISO 50001 Standard
In an effort to strengthen and expand Canadas commitment to energy efficiency the Canadian Government is offering business funding grants that provide financial assistance for industrial organizations to adopt systems and processes that continually improve energy performance. This grant funding for business is designed to lead to reductions in energy costs, greenhouse gas emissions and/or other aspects of environmental impact by encouraging organizations to implement the CAN/CSA-ISO 50001 Energy Management Systems Standard and also covers expenses for two types of energy studies: Process Integration and Computational Fluid Dynamics. This grant funding for business is administered by Natural Resources Canada (NRCan). The ecoENERGY Efficiency for Industry Program provides a financial incentive of up to 50% of eligible costs to a maximum of $25,000 for implementation.
ecoENERGY Effficiency for Industry Program Funding Details and Eligibility
The ecoENERGY Efficiency for Industry Program is designed for industrial facilities to help the government achieve policy objectives related to environmental impact. To be eligible industrial facilities must be approved by NRCan prior to project commencement and exhibit the following qualities:
For ISO 50001 Implementation Pilot
- Be registered with Natural Resources Canada (NRCan) as a CIPEC Leader
- Senior management support for project implementation
- Employee support or outside consultant support with experience in energy management standards (ISO, ANSI, or others)
- Have the ability to commit to monitoring and reporting on project results for a specified timeline
- Submit an energy performance improvement plan in final report that addresses improvement targets and the associated projects (including their cost/savings and timeline)
- Have the ability to commit to monitoring and reporting on project results for a specified timeline
For Process Integration of Computational Fluid Dynamics Studies
The ecoENERGY Efficiency for Industry Program is a government funding for business grant that offers cost-sharing between the NRCan and the industrial facility. NRCan is offering support of up to $25,000 for the following costs:
- Development of an energy baseline
- Energy use assessment to identify areas for energy performance improvements
- Establish energy objectives and targets
- Energy performance monitoring and reporting
- Professional fees
- Training
The financial assistance does not cover expenditures for equipment or capital projects.
Steps for Funding Approval
Organizations must submit their project proposal and have it approved by NRCan prior to beginning the project. Firms that proceed with their project before receiving approval are ineligible for funding support. The approval process takes approximately 4-weeks. Refer to the guideline below that provides an outline of the steps required to have your proposal approved:
- Write a proposal and submit it to NRCan. NRCan will evaluate the merits of your proposal, offer feedback, or approve your proposal.
- If approved NRCan contacts firms to establish a contribution agreement
- To being implementation arrange for a contractor to perform the ISO 50001 Implementation Pilot, Process Integration study, or Computation Fluid Dynamics study.
- Upon project completion submit a claim with all supporting documentation to NRCan within 3 months and your firm will receive a reimbursement cheque if the claim is accepted by NRCan.
Next Steps for Government Funding for Business
Applications are approved on a first-come first-serve basis and are only available for a limited time. Industrial Facility management teams that are interesting in learning more about the ecoENERGY Efficiency for Industry Program, or other Canadian Government grants, can contact one of our Canadian Government Funding Experts. Additionally, you could sign up Free 60 Minute Canadian Government Funding Workshops. Businesses can also receive the latest Canadian Government funding updates and details by following us on Twitter and signing up for our Weekly Canadian Government Funding E-Newsletter.