The B.C. Centre for Innovation and Clean Energy is launching this fall with $70 million in combined funding from the provincial government and Shell Canada.
The provincial government first announced its intention to create the centre, which will focus on commercializing B.C.’s clean technology, in September 2020 as part of its economic-recovery plan.
“Climate change is the greatest challenge of our time, and we are already seeing its devastating effects. Shifting from our reliance on fossil fuels to low-carbon energy requires an all-hands-on-deck approach,” said Premier John Horgan.
“That’s why we are working together with industry and government partners to create a centre for innovation and clean energy that will build on B.C.’s strengths as a climate leader. By supporting new technologies, we will stimulate investment and create the good jobs of the future.”
The centre will bring together innovators, industry, governments and academics to accelerate the commercialization and scale-up of B.C.-based clean-energy technologies. It will also be a catalyst for new partnerships and world-leading innovation to deliver near- and longer-term carbon emission reductions.
The Government of B.C. and Shell Canada have each committed $35 million to the centre that will leverage additional public and private-sector investments and participation. The Government of Canada has committed up to $35 million for the centre’s innovative projects.
Scheduled to launch in fall 2021, the centre will be established as a member-based, non-profit corporation operating independent from government and private entities. Its intent is to attract a wide range of companies and partners that share a common focus on low-carbon innovation and scaling up B.C.-based clean-energy technology.
“The Centre for Innovation and Clean Energy is part of our government’s commitment to create a better future by building an inclusive, sustainable and innovative economy with new clean-energy jobs for people throughout B.C.,” said Ravi Kahlon, B.C.’s Minister of Jobs, Economic Recovery and Innovation. “The centre will help B.C.-based companies develop, scale up and launch new low-carbon energy technologies and will help establish B.C. as a global exporter of climate solutions.”