On October 17, 2023, the Minister of Environment and Protected Areas, Rebecca Schulz, announced the Emerging Innovators Challenge (EIC) in conjunction with Emissions Reduction Alberta (ERA) CEO Justin Riemer. The EIC will administer $40 million to support small and medium-sized enterprises (SMEs) as well as Indigenous communities scale-up, pilot, and demonstrate first-of-a-kind projects that enhance emissions reduction.
Previous ERA funding mechanisms akin to the EIC, which Eavor successfully applied for, played an imperative role in commercialization, catalyzing the Eavor-Lite™ prototype near Rocky Mountain House. Jeanine Vany, Eavor’s Executive Vice President of Corporate Affairs, was pleased to validate the importance of this initiative and lend endorsement to the Government of Alberta and ERA.
“Without the stacking of a series of grants, including that received by the ERA we would not be where we are today, which is in scale-up mode… since commissioning the Eavor-Lite™ pilot… we have raised over $250 million, drilled the world’s deepest and hottest directional well in on-shore North America in New Mexico, and we are currently commercializing in Bavaria, Germany.”
Eavor applauds the Government of Alberta’s commitment in supporting SME commercialization and innovative technologies that enhance job creation and emissions reduction.
Watch the video of the conference below.
