A clean energy startup based in Burnaby was given a green light to move forward with expansion plans thanks to funding from the Pacific Economic Development Agency of Canada.
Harjit S. Sajjan, Minister of Emergency Preparedness, recently announced funding of $1.1 million to Greenlight Innovation Corporation, which tests equipment required to develop and manufacture hydrogen fuel cells, electrolyzers, and energy storage devices.
“As the third-largest city in B.C., Burnaby is home to a diversified local economy and thriving industry clusters,” stated Sajjan. “Greenlight Innovation Corporation is an example of a local company playing a key role in delivering innovative solutions that are building a cleaner, more sustainable future [and] PacifiCan is a proud partner in propelling these businesses forward.”
The Minister made the announcement while attending the Burnaby Business Excellence Awards, co-presented by the Burnaby Board of Trade and the City of Burnaby.
The investment highlights Burnaby’s role as a hub for innovation and clean energy in British Columbia, according to Terry Beech, Minister of Citizens’ Services and Member of Parliament for Burnaby North – Seymour.
“This funding will not only create high quality jobs but also boost a growing industry right in our own backyard,” he said.
The funding will see Greenlight improve inventory management and reduce administrative and operational costs as it writes its next chapter of growth. These improvements will create 45 new jobs, the company believes.
“The Management of Greenlight Innovation is grateful to have been select by Pacifican for funding on this digitization project,” stated Ross Bailey, a cofounder of Greenlight. “Investing in our internal business systems will help facilitate Greenlight’s continued growth by streamlining our internal processes as we scale our operations.”
With more than two decades in the field, Greenlight is the global leader in providing test equipment to companies developing and manufacturing fuel cells and electrolyzers, according to Bailey, who says the two technologies “will play a critical role in the transition away from fossil fuels to clean, renewable energy.”
“Burnaby has become the central hub for clean energy businesses in the province and we look forward to building on this first summit and to continuing to grow this sector,” believes Paul Holden, President of the Burnaby Board of Trade, which received PacifiCan funding to support the Clean Energy Summit in June 2023.
According to the Hydrogen Strategy for Canada report, the global hydrogen industry is expected to reach $300B by 2030.