By BC Government
As fuel prices rise and raise costs around the world, four innovative companies are getting support to develop and demonstrate new ways to help coastal communities transition to renewable, more affordable energy, as part of B.C.’s Look West strategy.
Through the COAST Innovation Challenge, delivered through the Province’s Integrated Marketplace platform, Ascent Systems Technologies, Cleohydron Innovation, Mostar Labs and Voltai are each receiving $100,000 to test how their technologies can support a clean-energy future. COAST stands for Centre for Ocean Applied Sustainable Technologies.
“The conflict in the Middle East continues to drive up fuel prices and everyday costs for everyone, and it’s never been more important to help our coastal communities transition to cleaner energy,” said Ravi Kahlon, Minister of Jobs and Economic Growth. “Through this challenge, we’re tapping into B.C.’s innovation and technology sector and cutting-edge solutions developed right here at home. Guided by Look West, we are creating new opportunities for local businesses, while building a cleaner economy that can stand on its own two feet…”
