Grants and Contributions:
Title:
Net Zero North America Program
Agreement Number:
819725
Agreement Value:
$40,000,000.00
Agreement Date:
Jun 27, 2024 - Jul 31, 2040
Description:
This project will support the creation of a High-Voltage Direct Current (HVDC) simulation centre in Saint-Laurent, Quebec, as well as the modernization and expansion of Hitachi Energy's transformer manufacturing facility in Varennes, Quebec, to increase production capacity.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
This investment will allow the company to perform High-Voltage Direct Current (HVDC) system simulations in Canada and improve its ability to manufacture, test, and supply its customers with large power transformers.
Location:
Saint-Laurent, Quebec, CA H4S0B5
Reference Number:
033-2024-2025-Q1-819725
Agreement Type:
Other transfer payment
Report Type:
Grants and Contributions
Recipient Business Number:
797665536
Recipient Type:
For-profit organization
Additional Information:
The amendment has been completed to increase the contribution to $40,000,000.00 from $30,000,000.00.
Amendment Date
Mar 11, 2025
Recipient's Operating Name:
Hitachi Energy Canada Inc
Recipient's Legal Name:
Hitachi Energy Canada Inc
Federal Riding Name:
Saint-Laurent
Federal Riding Number:
24068
Program:
SIF Stream2- Growth
Program Purpose:
-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.
NAICS Code:
339990
Amendments: