Grants and Contributions:
Successful completion of the hybrid-electric propulsion system will optimize performance across different phases of flight and target a 30% reduction in fuel burn and CO2 emissions. This project will result in the creation of 115 high-paying jobs. The outcomes of this project will contribute to the Strengthened Climate Plan's Net Zero Accelerator initiative.
Please note these updates include changes to improve standardization of reporting across projects. The original start date was updated to reflect the correct execution date. The end date was updated to the end of the contract (31/12/2047). The end date now reflects the entirety of the agreement duration, including the benefit phase and residual audit period. The amendment provides for an 36 months extension.
Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;-Facilitate the growth and expansion of firms in Canada;-Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.