Investing in geothermal clean tech opportunities (Western Economic Diversification Canada)
Exploring the viability of capturing geothermal heat from re-purposed oil and gas wells
Supporting technologies that advance environmental objectives, create jobs and stimulate growth in the clean technology sector is a priority for the Government of Canada.
Today, the
Honourable Navdeep Bains, Minister of
Innovation, Science and Economic Development and Minister responsible for
Western Economic Diversification Canada (WD), announced $400,000 for an engineering and design initiative to determine the viability of a Geothermal District Energy System in the Town of Hinton. The Government of Alberta and
Alberta Innovates will provide a total of $800,000, bringing the investment amount for the Town of Hinton’s project to $1.2 million. The proposed system would produce renewable geothermal heat from marginally producing oil and gas wells to heat the town’s public buildings.
Canada's
Innovation Agenda promotes clean growth, good jobs and higher living standards for the middle class. The investment announced today is an example of this vision in action.
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