Canadian Nexterra receives $7.7M funding

Nexterra Systems Corp, a Vancouver-based supplier of advanced biomass gasification systems received $7.7m in funding from the BC Bioenergy Network (BCBN), Sustainable Development Technology Canada (SDTC), the National Research Council Canada Industrial Research Assistance Program (NRC-IRAP), and Ethanol BC.
Proceeds will be used to support Nexterra’s program to commercialize a new high efficiency biomass power system in collaboration with GE Jenbacher and GE Energy. Pilot testing of the new system will begin before the end of 2009 and a first commercial demonstration project is expected to begin in early 2010.
Jonathan Rhone, President and CEO of Nexterra was quoted as saying: “We are very grateful to these organizations for their continued commitment to Nexterra and for clean technology innovation in B.C. and across Canada.
“Building a strong domestic clean energy industry is critically important to position our economy for recovery and to capitalize on rapidly growing clean energy markets worldwide. We look forward for continued collaboration with our funding partners to ensure Nexterra’s energy solutions meet the highest standards for biomass heat and power applications”.

Join the discussion