Amendments for: 033-2023-2024-Q1-814534

Agreement Value: $15,000,000.00
Agreement: 814534 (814534). Jun 30, 2023 - Jan 1, 2039
Description:

This project will support the establishment of a world class research and development centre for hydrogen fuel cell technology for internal use and to offer engineering and testing services to customers globally, as well as develop hydrogen fuel cell technology for the use in heavy-duty transportation vehicles.

Expected Results:

The investment will enable the company to develop hydrogen fuel technology innovations and offer engineering and testing services that will reduce green house gas emissions in the transportation sector.

Organization: Innovation, Science and Economic Development Canada
Recipient: AVL Fuel Cell Canada Inc. (For-profit organization)
Location: Burnaby, British Columbia, CA V5A4N6
Type: Contribution
Additional Information:

Please note this update includes a change to improve standardization of reporting across projects. The end date was updated from the end of the work phase of the project (31/12/2028) to the current end date of the contract (01/01/2039). This is not an extension. The end date now reflects the entirety of the agreement duration, including the benefit phase and residual audit period. The original start date was updated to reflect the correct execution date.

Recipient's Operating Name: AVL Fuel Cell Canada Inc.
Federal Riding Name: Burnaby North--Seymour (59002)
Program Name: SIF Stream 1 - R&D

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: 339900

Agreement Value:
Agreement: 814534 Jun 30, 2023 - Jan 1, 2039
Organization: Innovation, Science and Economic Development Canada
Recipient: -
Type: Contribution
Additional Information:

Please note this update includes a change to improve standardization of reporting across projects. The end date was updated from the end of the work phase of the project (31/12/2028) to the current end date of the contract (01/01/2039). This is not an extension. The end date now reflects the entirety of the agreement duration, including the benefit phase and residual audit period. The original start date was updated to reflect the correct execution date.

Program Name: SIF Stream 1 - R&D

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.

Agreement Value: $15,000,000.00
Agreement: Establishing a world-class fuel cell R&D center for transportation applications in Canada (814534). Jan 1, 2022 - Dec 31, 2028
Description:

This project will support the establishment of a world class research and development centre for hydrogen fuel cell technology for internal use and to offer engineering and testing services to customers globally, as well as develop hydrogen fuel cell technology for the use in heavy-duty transportation vehicles.

Expected Results:

The investment will enable the company to develop hydrogen fuel technology innovations and offer engineering and testing services that will reduce green house gas emissions in the transportation sector.

Organization: Innovation, Science and Economic Development Canada
Recipient: AVL Fuel Cell Canada Inc. (For-profit organization)
Location: Burnaby, British Columbia, CA V5A4N6
Type: Other transfer payment
Additional Information:

This is a partially repayable contribution

Recipient's Operating Name: AVL Fuel Cell Canada Inc.
Federal Riding Name: Burnaby North--Seymour (59002)
Program Name: SIF Stream 1- R&D

-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: 339900