February 28, 2014

New Centre to Increase Jobs in Energy Sector

Ontario is fostering innovation and growth in the energy sector through the new Advanced Energy Centre at MaRS Discovery District.

The Advanced Energy Centre, created in partnership with MaRS, Siemens and Capgemini, is an energy incubator that will help homegrown energy innovations reach new markets here and abroad. Growing energy demand is a global concern and energy innovation can play a critical role in addressing the changing global energy market.

By supporting Ontario’s entrepreneurs, the centre will help showcase to the world the expertise and technology the province has to offer in the energy innovation field in order to drive economic growth and create jobs.

Building our knowledge economy and supporting entrepreneurs and small businesses is part of the government’s economic plan that is creating jobs for today and tomorrow. The comprehensive plan and its six priorities focus on Ontario’s greatest strengths – its people and strategic partnerships.

QUICK FACTS:

• Paul Murphy, former President and CEO of the Independent Electricity System Operator, is the inaugural chair of the Advanced Energy Centre.
• Ontario is contributing $5 million over three years towards the centre.
• Ontario is also helping spur innovation in the energy sector with its Green Button Energy Apps Challenge. The Challenge allows app developers and utilities to develop innovative apps for consumers to conserve energy and better manage their electricity bills.
• Global investment in clean energy projects is expected to mobilize nearly $7 trillion of new capital over the next 20 years.