Mississauga, Ontario – March 18, 2016 – Prolucid Technologies Inc. (Prolucid), a leading provider of edge-to-cloud Industrial Internet of Things solutions, today announced an additional funding of $1,353,000 from Natural Resources Canada’s ecoENERGY Innovation Initiative (ecoEII), towards the project “Prolucid Technologies for Distributed Generation Monitoring and Control”, bringing total ecoEII funding of this project to $2,853,000 since the project start in August 2012.
“The continued investment in Prolucid further validates that we are solving a key challenge that today’s utilities are faced with, that of advancing capabilities of the traditional power grid to support utilities’ initiatives of integrating more sustainable and renewable energy sources,” said Darcy Bachert, CEO of Prolucid. “Our technology impacts the ability of a utility to deploy and manage new technology, including fulfilling the need to comply with changing security requirements such as the North American Electric Reliability Corporation Critical Infrastructure Protection v5 (NERC CIPv5)”.
The ecoEII Program objective is to support energy technology innovation to produce and use energy in a cleaner and more efficient way. Prolucid has launched an Energy Division focused on commercializing the smart grid technology developed throughout this project. These technologies are built on Prolucid’s DataFabric framework.
“This project demonstrates how energy innovation helps reduce greenhouse gas emissions and create the jobs needed to support an expanding clean energy economy in Canada,” said the Honourable Jim Carr, Minister of Natural Resources Canada. “The Government of Canada will continue to work with Canada’s clean technology sector, positioning Canada as a low-carbon economy leader.”
Through this project, Prolucid aims to achieve the following key outcomes:
- Delivering the capability for utility partners to increase renewable generation capacity by 500kW to 3MW;
- Reduce greenhouse gas emissions by off-setting coal power production; and
- Allow utilities to increase the cap placed on the production of “below substation generation” above the current percentage of minimum load. Achieving an initial set target for percentage of minimum load will increase the renewable capacity limit by 2-3 times at certain sites.
The project will run through to March 2016. The success of the project will further demonstrate Prolucid’s leadership position in delivering complete edge-to-cloud Industrial Internet of Things solutions. The technology developed through this project will support utility initiatives to reduce greenhouse gas emissions, deliver sustainable and reliable electric power, and meet the needs of tomorrow’s electrical power grid with new software solutions.
For further information, please visit prolucid.ca or contact Graham Beauregard, Director of Product Management at (416) 840-6634 ext. 228