For Immediate Release
October 30, 2024
St. John’s, NL – Today at the econext 2024 Conference, econext and Foresight Canada have announced the Clean Energy Innovation Challenge.
The Clean Energy Innovation Challenge invites innovators to propose solutions that reduce the monitoring and maintenance costs for clean energy infrastructure through the application of digital, remote, and/or autonomous technologies—while improving environmental sustainability.
“The clean energy opportunity in front of Newfoundland and Labrador is tremendous,” said Kieran Hanley, econext‘s CEO. “From major wind-to-hydrogen projects to the growth of our domestic electricity grid, we are on the verge of significant green economic growth in our province.”
More information on the province’s emerging clean energy industry can be found here. Hanley said that improving the economics of future projects and minimizing their environmental impacts will be important for their success. New ideas and approaches will be important in helping Newfoundland and Labrador reach its clean energy potential.
Staying competitive and profitable in today’s rapidly evolving market requires continuous innovation. It’s also key to meeting net zero targets. Foresight’s Innovation Challenge program connects industries with tailored cleantech solutions that address sustainability and operational challenges. By offering a de-risked and cost-efficient process for sourcing, testing, and validating solutions, Foresight enables industry leaders to achieve their sustainability goals and drive impactful change with cutting-edge innovations.
“We are honoured to collaborate with econext on this challenge, deepening our connection with the Atlantic provinces. Clean energy infrastructure is a critical gateway to decarbonization, and by linking the right innovations, we can deliver turn-key, high-impact solutions that can be deployed swiftly—driving sustainability and economic growth across Newfoundland and Labrador and beyond.”
Jeanette Jackson, CEO, Foresight Canada
A total of $50,000 in cash prizes in addition to a series of supports will be made available to competition winners to help them advance their proposed concepts. “This is a significant opportunity for innovators to get their ideas in front of industry and draw interest to their technologies.”
Industry partners supporting the challenge include ABO Energy, EverWind Fuels, North Atlantic, Pattern Energy, World Energy GH2, Newfoundland Power, and Newfoundland and Labrador Hydro.
The Challenge has been made possible through support from RBC and the Atlantic Canada Opportunities Agency (ACOA). Details, including submissions guidelines and deadlines, will be announced soon.
About econext
econext is a not-for-profit association with a mission to accelerate clean growth in Newfoundland and Labrador by: (1) stimulating research, development, and innovation; (2) preparing its workforce for a greening economy; and (3) acting as a catalyst for climate change action within its industries, businesses, and communities.
econext has been working for over 30 years on behalf of its members across many sectors to support environmentally sustainable economic development. More information can be found at https://econext.ca.
About Foresight Canada
Foresight Canada helps the world do more with less, sustainably. As Canada’s largest cleantech innovation and adoption accelerator, they connect public and private sectors to the world’s best clean technologies, de-risking and simplifying the adoption of innovative solutions that improve productivity, profitability, and economic competitiveness, all while addressing today’s most urgent climate challenges.
