Funding for Thermal Waste Recovery Projects

We are excited to announce that as part of the 2022-2027 Implementation Plan of the 2030 Plan for a Green Economy, the Quebec government has recently launched a new program, with a budget of $162 million, to recover thermal waste from large industrial facilities.

Why is thermal waste recovery relevant?

In Quebec, the industrial sector wastes more than a third of its energy. If this thermal energy is reused instead of being rejected, it is considered a carbon-neutral source. Recovering thermal energy has many advantages. It reduces energy waste and allows the company that uses it to reduce its fossil-fuel consumption while adding resilience and redundancy to its energy sources. By following circular economy principles, thermal waste recovery helps to reduce greenhouse gas emissions.

Where to start?

Whether you are a company wishing to recover thermal waste, or a company wishing to source energy from it, Ecosystem can act as a facilitator and accompany you through the various stages. To help get you started, several tools exist to better understand the advantages and opportunities (in French only).

About the government program

This funding is aimed at companies wishing to conduct a feasibility study and/or implement infrastructure projects aimed at recovering thermal waste from their installations.

Program objectives:

• Encourage the implementation of thermal waste recovery projects in Quebec
• Reduce greenhouse gas emissions
• Reduce energy consumption

Funding:

The funding granted may amount to up to 75% of eligible expenses, or a lesser amount, not exceeding:

• $150,000 for a feasibility study
• $40 million for an infrastructure implementation project

Program components and participation modalities

The program has two distinct components. Component 1 aims to finance feasibility studies for infrastructure projects aimed at recovering and distributing thermal waste. Component 2 aims to finance the costs of design, construction, and commissioning of infrastructure for the recovery and distribution of eligible thermal waste. Applications can be submitted until November 30, 2025.

For more details on receiving financial aid, click here or contact Karene Berthiaume.