Ontario Power Authority Funding Voucher
November 3rd, 2015
The Government of Ontario is committed to helping Ontarians save on their energy costs. Some ideas cost money, while others simply require a change in habit. We have a seemingly endless supply of energy at our fingertips. When we flick a light switch on, it is easy to forget where the energy powering the bulb comes from, and how much this energy truly costs. Coal and natural gas are not only non-renewable resources; they pose serious harm to the environment.
Everyone has a responsibility to promote a safer and more sustainable future. Industries often use more energy than households, so they have vested interest in savings. For this reason, the Ontario Power Authority started the Conservation Fund, which offers funding for non-profit or for-profit businesses incorporated entities who introduce innovative energy solutions that Ontarians can benefit from.
This fund encourages innovative projects focused on building marketplace capacity for conservation actions that are scalable for wide-ranging energy savings in Ontario. This includes testing new or unique energy conservation ideas, or verifying and proving the potential and cost-effectiveness of new processes and technologies.
Who can apply for this fund?
The Conservation Fund provides for-profit and non-profit incorporated entities with funding, such as local distribution companies (LDCs), consulting firms, educational institutions, industry associations, public sector organizations, and technology companies.
This fund is unavailable for applications from individuals.
Eligible funding projects
This fund considers applications for projects focused on pilot innovative conservation programs, practices, and technologies. Proposed projects require specific deliverable outcomes designed to help transform the market for large-scale change. Projects require an evaluation, measurement, and verification component.
Of course, projects do not happen automatically: this fund also supports strategic research for investigating a project or program concept. The outcomes of these studies require a well-established plan for introducing this new initiative in the form of a pilot project. This might come in the form of a targeted training program for closing skills gaps that might become a capability-building initiative.
In addition to specific project outcomes, projects also need to address one of the following categories in some capacity: energy efficiency, demand response, load reduction, conservation behaviour, and load displacement.
Applications relating to the research, development, and transmission of electricity generation technologies such as wind, waterpower, solar photovoltaic, and bioenergy are ineligible.
Available funding amounts
The Conservation Fund provides support up to a specified maximum percentage of project costs. The maximum project length is three years. This business funding initiative encourages applicants to apply for other funding as well, which they can use as leverage in the application process.
Funding amounts for this program vary. The lowest available amount is $100,000 to cover 100% of strategic research. They also offer $250,000 for training programs, covering up to 75% of eligible costs. At the highest funding, they over $1,000,000 to support 50% of an in-depth research project. There are several specific funding tiers between as well.
The committee rigorously reviews both the project overview and the formal proposal. They choose successful projects based on the needs of Ontario’s electricity system and criteria laid out in the Conservation Fund. If you want to ensure your application addresses a market gap and fits into the mandate for this funding for business initiative, get in touch with our team at INAC Services today. We can help you write an application that stands out from the pack.