Grants and Contributions:

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Title:

Ocean Carbon Platform

Agreement Number:

1017498

Agreement Value:

$75,000.00

Agreement Date:

Apr 1, 2024 - Jan 20, 2025

Description:

This 9 month project will see the design and developments of key components of the firm's Carbon Platform (OCP). The OCP will facilitate the end-to-end generation of carbon credits by combining real-time operational data, carbon intensity databases, and both local and global ocean models to generate carbon credits on demand. In effect, the OCP will implement the firm's Monitoring, Reporting and Verification (MRV) as an ongoing process across different project sites across the globe. The focus of this iteration is on the Ocean Carbon Calculator (OCC) that is a cloud based system capable of tracking, verifying and retiring carbon credit.

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:

Dartmouth, Nova Scotia, CA B2Y 4W6

Reference Number:

172-2024-2025-Q1-1017498

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

766873137

Recipient Type:

For-profit organization

Recipient's Legal Name:

Planetary Technologies Inc.

Federal Riding Name:

Dartmouth--Cole Harbour

Federal Riding Number:

12004

Program:

Industrial Research Assistance Program – Contributions to Firms

Program Purpose:

Coverage:

IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.

NAICS Code:

32518