Closed
Source verified July 8, 2026
XLerate Program - Project Feasibility Study (PFS)
Funding for project feasibility studies
Funding available
$ 100,000
Deadline
Open continuously
Location
Ontario, Canada
Overview
The XLerate Program Project Feasibility Study Terms and Conditions provide 50% funding in Ontario for applicants approved by the IESO to complete a Project Feasibility Study report. The incentive covers PFS Eligible Costs, up to the lesser of $100,000 or 10% of estimated Project Eligible Costs.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Implement environmental initiatives
- Optimize production processes
- Reduce environmental footprint
Eligible Funding
- Maximum amount : 100,000 $
- Up to 50% of project cost
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Ontario
Legal structures
- All legal structures
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Project Feasibility Studies under the XLerate Program.
- Preparation of a Project Feasibility Study report to assess and evaluate a potential Project.
Documents Needed
- PFS Application
- Release Waiver and Consent
- Project Feasibility Study report
- Supporting receipts and invoices evidencing the costs incurred to complete the Report
Official resources
Eligibility
Eligible expenses
- PFS Eligible Costs as set out in Section 3.4 of Appendix 2 to the Program Requirements.
Ineligible Costs and Activities
- Any costs incurred before the PFS Letter of Approval is issued, unless otherwise approved by the IESO.
Processing and Agreement
- If the PFS Application is approved, the Participant must complete the Report and submit it to the IESO and the Technical Reviewer for review and approval by the IESO.
- If the IESO believes the Report fails to meet the PFS Minimum Requirements, it may allow the Participant a reasonable period to address deficiencies and resubmit the Report.
- If the Participant does not address the deficiencies to the satisfaction of the IESO on or before the earlier of eight months from the date of the PFS Letter of Approval and April 30, 2027, the Terms and Conditions terminate and the Participant is not entitled to receive the PFS Funding Amount.
- The IESO will notify the Applicant in writing if the PFS Application is not approved and will notify the Participant in writing if the Report is not approved.
Contacts
Frequently Asked Questions about the XLerate Program - Project Feasibility Study (PFS) Program
What is the XLerate Program - Project Feasibility Study (PFS)?
The XLerate Program Project Feasibility Study Terms and Conditions provide 50% funding in Ontario for applicants approved by the IESO to complete a Project Feasibility Study report. The incentive covers PFS Eligible Costs, up to the lesser of $100,000 or 10% of estimated Project Eligible Costs.
How much funding can be received?
XLerate Program - Project Feasibility Study (PFS) Funds up to 50% of admissible expenses, capped at $100,000 per project.
Who is eligible for the XLerate Program - Project Feasibility Study (PFS) program?
To be eligible for the XLerate Program - Project Feasibility Study (PFS) program, you must:
The Applicant and PFS Application must meet the XLerate Program Eligibility Criteria and PFS Minimum Requirements.
The Project Feasibility Study report must meet the PFS Minimum Requirements.
The report must be signed by a qualified professional in good standing who is not an employee of the Participant.
What expenses are eligible under XLerate Program - Project Feasibility Study (PFS)?
Project Feasibility Studies under the XLerate Program.
Preparation of a Project Feasibility Study report to assess and evaluate a potential Project.
Who can I contact for more information about the XLerate Program - Project Feasibility Study (PFS)?
You can contact Independent Electricity System Operator (IESO) by email at XLerate@ieso.ca or by phone at none.
Where is the XLerate Program - Project Feasibility Study (PFS) available?
The XLerate Program - Project Feasibility Study (PFS) program is available the province of Ontario.
Is the XLerate Program - Project Feasibility Study (PFS) a grant, loan, or tax credit?
XLerate Program - Project Feasibility Study (PFS) is a Grant and Funding