March 7, 2024 · Three Rivers, Prince Edward Island · Atlantic Canada Opportunities Agency (ACOA)
Transitioning to a cleaner, prosperous economy will require a collaborative and sustained effort over the years and decades ahead. Across Atlantic Canada, forward-thinking innovators are finding sustainable solutions to today's challenges. The Government of Canada is helping organizations and businesses in Eastern Prince Edward Island to build a greener future for all Canadians.
Today, the Honourable Lawrence MacAulay, Minister of Agriculture and Agri-food and Member of Parliament for Cardigan, announced a total federal investment of over $1.5 million to support eight innovative projects for businesses and community organizations in Eastern P.E.I. The announcement was made on behalf of the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA.
The Province of P.E.I. is also contributing over $900,000 toward five of the eight projects.
Among the recipients is AKA Energy Systems, a world-leading advanced manufacturing company based in Montague, P.E.I. AKA's novel technology is improving fuel efficiency and reliability in the marine industry, and the projects anounced today will help the company reach a significant milestone toward the creation of new net-zero energy solutions.
Another recipient, Abegweit First Nation, will receive support to develop a five-year energy strategy. The First Nation has seen substantial growth in recent years and the community's energy requirements are increasing as a result. The plan will identify potential partnerships and opportunities in climate technology, clean energy, renewable energy, and transitional fuels.
For the full list of projects, please see backgrounder.
Today's announcement demonstrates the Government of Canada's commitment to helping Atlantic Canadian businesses and communities innovate and grow sustainably.
