Grants and Contributions:
Title:
Development of the First “Turbo Bank” Energy Storage System Capable of Charging Lithium Batteries and Reducing Electricity Costs
Agreement Number:
976714
Agreement Value:
$750,000.00
Agreement Date:
Jul 1, 2021 - Mar 31, 2023
Description:
Stromcore wants to develop its own bidirectional Lithium battery charger outfitted with a battery (energy storage) to eliminate rewiring fees, offset peak electricity costs, reduce power outages, and serve as an energy management system for solar and external energy storage integrations.
Organization:
National Research Council Canada
Expected Results:
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Location:
Toronto, Ontario, CA M5V 3R8
Reference Number:
172-2021-2022-Q2-976714
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
780266128
Recipient Type:
For-profit organization
Additional Information:
This agreement has been amended 1 time(s). The end date of this agreements has been modified by 90 days.
Amendment Date
Apr 19, 2022
Recipient's Legal Name:
Stromcore Energy Inc
Federal Riding Name:
Spadina--Fort York
Federal Riding Number:
35101
Program:
Industrial Research Assistance Program – Contributions to Firms
Program Purpose:
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Coverage:
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.
NAICS Code:
335910
Amendments: