Canada announced to invest CAD 9.5 million (USD 7.5 million) for two Toronto companies to develop new solar power and energy grid technologies. The investment in Morgan Solar Inc. supports products based on the company’s proprietary planar optical technology, which reduces the amount of expensive material required in solar panels. The investment in NRStor Inc. supports the development of greater energy storage capabilities for the Ontario electricity grid by proposing to store energy as compressed air and heat. These projects are being funded through Sustainable Development Technology Canada, which works with Canadian companies to bring their early-stage clean technologies to market.
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