Grants and Contributions:
Title:
Pilot: Transforming Industrial Heat for Canada with Dense, Stable, Safe Iron Energy
Agreement Number:
1037751
Agreement Value:
$1,200,000.00
Agreement Date:
Oct 6, 2025 - Mar 26, 2027
Description:
Development of a high-efficiency, iron-based thermochemical storage system to provide reliable, dispatchable, high-temperature industrial heat. This project will design, fabricate, integrate, and test a containerized pilot system that stores surplus renewable electricity in solid iron media and releases that energy as heat on demand.
Organization:
National Research Council Canada
Expected Results:
The expected results and outcomes of NRC Industrial Research Assistance Program is focused on growing small and medium-sized enterprises (SMEs) through innovation and wealth creation for Canada.
Location:
Montreal, Quebec, CA H2Y 2H1
Reference Number:
172-2025-2026-Q4-1037751
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
744045212
Recipient Type:
For-profit organization
Recipient's Operating Name:
FeX Energy
Recipient's Legal Name:
15138671 Canada Inc.
Federal Riding Name:
Ville-Marie--Le Sud-Ouest--Île-des-Soeurs
Federal Riding Number:
24077
Program:
Industrial Research Assistance Program
Program Purpose:
The purpose of Industrial Research Assistance Program Contributions to Firms is to provide support that assists small and medium-sized enterprises (SMEs) to advance their innovation knowledge and ability to innovate, grow through innovation and stimulate wealth creation for Canada.
Coverage:
Industrial Research Assistance Program projects stimulate wealth creation for Canada through technological innovation and strengthen Canadian innovation ecosystem by creating new industrial capacity.
NAICS Code:
325999