Grants and Contributions:

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Title:

Turbine Predictive Monitoring and Carbon Credits Cross-Validation

Agreement Number:

1018891

Agreement Value:

$350,000.00

Agreement Date:

Jun 1, 2024 - Dec 31, 2025

Description:

The primary objective of the gas turbine monitoring and carbon credit cross-validation project is to develop and implement accurate GHG gas emission monitoring and prediction models for gas turbines including cross-validating carbon credits and generating profits. Overall, the project aims to contribute to a cleaner, greener, and more sustainable world by building the Predictive Emissions Monitoring System (PEMS) that reduces gas emissions, determines and cross-validates carbon credits, and fosters collaboration between VL Energy and the client

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:

Calgary, Alberta, CA T2P 3N3

Reference Number:

172-2024-2025-Q1-1018891

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

837692383

Recipient Type:

For-profit organization

Additional Information:

This agreement has been amended 2 time(s). The end date of this agreements has been modified by 275 days. The total amended value is 200,000 dollars.

Amendment Date

Mar 31, 2025

Recipient's Operating Name:

VL Energy Ltd.

Recipient's Legal Name:

VL Energy Ltd.

Federal Riding Name:

Calgary Centre

Federal Riding Number:

48004

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:

54162

Amendments:

See Amendments