Ottawa’s Solantro Semiconductor Corp. is set to receive up to $3.8 million from a federally-funded non-profit dedicated to the development of clean technologies, the company announced on Thursday.
The money from Sustainable Development Technology Canada will be used to develop and commercialize customized circuits and software to manage the variable output of renewable energy sources, like solar power, in a local grid.
Solantro is working with several partners to conduct field tests, the company said in a news release. It believes that if the technology could be used in the generation of 1,164 GWh of energy within five years.
SDTC also announced funding for three other projects, worth a total of $14.7 million.