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CICE and BC Hydro offering $3 million for energy storage innovation
The program will provide non-dilutive funding for projects that drive B.C.’s decarbonization and electrification goals.
Aerial view of Vancouver. Photo: Shutterstock.
The B.C. Centre for Innovation and Clean Energy (CICE) — which provides early-stage, non-dilutive investment to fast-track the commercialization of British Columbia’s most impactful clean energy solutions — announced today a strategic collaboration with crown corporation BC Hydro. Their joint call for energy storage innovations will provide up to $3 million in funding for projects focused on commercializing scalable electricity storage and grid solutions, aiming to advance the province's decarbonization and electrification efforts.
“BC Hydro’s collaboration with CICE presents a unique opportunity for British Columbia to lead in developing and implementing innovative grid solutions,” said Chris O’Riley, president and CEO of BC Hydro. “Together, we are committed to identifying projects that will enable clean and renewable electricity, like wind and solar, and enhance reliability by providing more flexibility in how we manage our customers’ needs and our grid, as our customers look to use more clean power.”
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