Applications open for $55 million in sustainable project funding

via Emissions Reduction Alberta

ERA’s new $55 million Energy Savings for Business Program now accepting applications

EDMONTON, AB – Emissions Reduction Alberta’s (ERA) Energy Savings for Business Program is now accepting applications for projects that create skilled jobs, boost investment, and cut greenhouse gas (GHG) emissions in small- and medium-sized industrial and commercial facilities. The program, with up to $55 million in funding available, will decrease operating costs for Alberta businesses while diversifying the economy and helping to meet long-term sustainability goals. The program is anticipated to stimulate over $196 million in new investment.

The Energy Savings for Business Program offers incentives to eligible Alberta businesses and non-profits to choose commercially available high-efficiency products and onsite energy generation technologies. Up to $250,000 is available for each project with a maximum total of $500,000 per parent company to cover a portion of the cost of adopting new products and services. This is a focused economic stimulus program; funds will be awarded on a first-come, first-served basis until they are fully committed. Contractors are urged to register for eligibility now; pre-approval is required for all projects.

A high volume of projects (up to 4,000) is expected, resulting in broad and significant cumulative impact. The projects are anticipated to deliver lifetime greenhouse gas (GHG) reductions of 1.1 million tonnes of CO₂, create about 1,400 (direct and indirect) jobs and drive $300 million in economic activity—providing a positive five times benefit to Alberta’s GDP.

“The Energy Savings for Business Program supports a critical component of the economy—small- and medium-sized businesses. The program will give Alberta companies and contractors fast access to cost-effective incentives. It will accelerate the adoption of technologies that significantly reduce GHGs and help position Alberta as a leader in sustainable resource and energy use.”

Steve MacDonald, CEO, ERA

“Funding through the Energy Savings for Business Program will play a critical role in supporting economic recovery in Alberta. This investment makes it possible for businesses like ours to quickly hire staff for positions that have long-term career potential. Implementing commercial-ready technologies will also lead to operational efficiencies and cost reductions that free up much needed capital and address longer-term environmental sustainability priorities.”

Tayber Yastremski, principal, Sustainable Projects Group

“Businesses and non-profit organizations are actively looking for cost-effective ways to use less energy to perform the same task. ERA’s Energy Savings for Business Program is what Alberta needs right now. The program will develop a sustained, market-driven, and robust emissions reduction solution for small- and medium-sized businesses across the province.”

Afure Onekpe, director, MICONE Consulting Inc

“The Energy Savings for Business Program will get skilled technicians and tradespeople working quickly, this is important now more than ever. The program will boost productivity and reduce operating costs and emissions. It’s a critical step in support of economic growth a