Energy Efficiency Small Business Grants: ecoENERGY ISO 50001
Businesses have experienced a consistent rise in utility prices, creating an increased need for energy management and energy efficiency protocols. Natural Resources Canada (NRCan) offers Canadian government grants for industrial organizations implementing systems and processes that improve baseline energy performance. NRCan is offering cost-shared assistance to companies in the industrial sector wanting to execute energy management projects. Examples of these projects include the CAN/CSA-ISO 50001 Energy Management Systems Standard pilots, and energy studies in process integration and computational fluid dynamics. The ecoENERGY efficiency for industry program provides cost-sharing assistance of up to 50% of eligible costs with a maximum of $40,000 in government funding for business.
Energy Studies Eligible for the Efficiency for Industry Funding Program:
Bettering our environment and taking preventative measures against future damage are a priority to the Canadian government. To incentivize businesses to implement positive changes that benefit the climate and ultimately their funds, Natural Resources Canada is offering cost-shared assistance to industrial organizations to encourage the adoption of energy efficiency and management solutions.
Canadian government funding will support the implementation of the ISO 50001 Standards. The ISO 50001 Standard is a voluntary initiative offered to industry facilities to enable the establishment of systems and processes conducive to building a future with clean energy. The purpose of the standard is to provide gradual, positive environmental changes through a reduction in greenhouse gases, energy cost reductions, and other possible means. The ISO 50001 standard applies to all types and sizes of organizations.
Process Integration and Computational Fluid Dynamic Studies
Process integration studies are a way for businesses to complete assessments with reduced costs by avoiding the use of third party technical firms. Global energy analysis determines the most effective heat uses in a facility, and how this can be applied in such a way as to decrease energy consumption and decrease costs.
Computational Fluid Dynamic Studies (CFD) enables businesses to completing internal studies on their systems. The purpose of CFD is to determine optimal system parameters that may be implemented based on fluid flow and heat transfer analysis studies.
ecoENERGY 50001 Energy Efficiency Government Grants Eligible Costs
The ecoENERGY government funding program covers all costs specific to the accreditation process, including baseline energy development, energy usage assessments, energy performance reporting and monitoring, training, and professional development fees.
These funds are administered by Natural Resources Canada (NRCan), offering up to 50% of eligible costs to a maximum of $40,000. Energy Management projects include:
- The dissemination and development of tools relevant to energy efficiency;
- The organization and implementation of training;
- Technical reporting and guide development;
- Benchmark and evaluation studies; and
- Implementation roadmaps and best practice studies
Once submitted, the approval process takes approximately 4 weeks. Pending project completion, your claim can be submitted to NRCan within a 3 month time period. The program is presently accepting applications. Applications are accepted on a first-come, first-serve basis.
To meet the criteria required in order to obtain Canadian government funding, industry facilities must be registered with Natural Resources Canada as a CIPEC Leader, and have proposal approval from NRCan.
Learn More about Canadian Government Grants and Funding Opportunities for Your Organization
Connect with Mentor Works to stay up to date on new government funding programs and funding releases that can benefit your business. To learn more about Canadian government grants and incentives, attend a complimentary business funding webinar or workshop. For weekly funding updates, subscribe to our Mentor Works’ Canadian Government Funding E-Newsletter.