What Can the Technology and Business Demonstration Program Fund?

The Technology and Business Demonstration program by Hydro-Québec provides financial support aimed at demonstrating electricity-saving technology in Quebec. This initiative is designed to foster innovative projects that contribute to energy efficiency and sustainability in the region. For detailed program criteria and application specifics, refer to the complete program guide.

Overview of the Technology and Business Demonstration Program

Launched with the objective to enhance energy efficiency, the program targets businesses that are developing or deploying technologies to reduce electricity consumption. The program is specifically focused on projects within Quebec, ensuring that local innovations receive the support they need to thrive.

Eligible Expenses

The Technology and Business Demonstration program covers a variety of expenses associated with the development and demonstration of electricity-saving technologies. Here are some key categories of eligible expenses:

• Salaries: Costs associated with staff directly involved in the project.

• Equipment: Purchase or rental of equipment necessary for the demonstration.

• Consulting Fees: Expenses for external expertise needed to advance the project.

For a complete list of eligible expenses, consult the complete program guide.

Ineligible Expenses

While the program supports a wide range of costs, certain expenses are not covered:

• General Overhead: Administrative costs not directly tied to the project.

• Marketing Expenses: Costs related to promoting the technology are not eligible.

• Unrelated Equipment: Purchases not directly necessary for the demonstration.

For detailed exclusions, please see the complete program guide.

Funding Amounts and Criteria

The program offers significant financial support, though specific funding amounts can vary based on project scope and technology type. For current funding rates and calculation methods, visit the complete program guide.

Examples of Funded Projects

Projects that have received funding under this program typically demonstrate clear potential for reducing electricity use. Examples include:

• Development of smart grid technologies.

• Innovations in industrial energy efficiency.

• Advanced building automation systems.

These examples highlight the program's commitment to driving innovation in energy savings.

Conclusion

The Technology and Business Demonstration program is an excellent opportunity for businesses in Quebec to access financial support for developing electricity-saving technologies. By understanding the eligible expenses and leveraging this funding, businesses can contribute to a more sustainable energy future. For comprehensive details, refer to the complete program guide.