SD Tech Fund invests $8 mln in OpenHydro Canada, Green Power Labs
SD Tech Fund, a venture capital fund sponsored by Sustainable Development Technology Canada (SDTC), has invested $8.05 million in two clean technology projects based in Atlantic Canada. The fund committed $6.35 million to OpenHydro Canada to support the Bay of Fundy Tidal Stream Project, which aims to harness tidal energy as a source of renewable power supply to homes. It also committed $1.7 million to Green Power Labs Inc, a company that is developing an advanced building energy management system. SD Tech Fund has to date backed 269 projects with $684 million from the federal government.
15 April 2015•4 mins read
