Nu:ionic Technologies working to eliminate emissions
News release
August 14, 2024 · Fredericton, New Brunswick · Atlantic Canada Opportunities Agency (ACOA)
Growing the green economy is not only good for the environment – it creates jobs and fosters long-term economic resilience. The Government of Canada is investing to help a clean technology company headquartered in Fredericton, New Brunswick, grow and expand its operations.
Today, Jenica Atwin, Parliamentary Secretary to the Minister of Indigenous Services and Member of Parliament for Fredericton, announced a non-repayable contribution of $50,000 for Nu:ionic Technologies (Canada) Inc. The announcement was made on behalf of the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA.
The investment will help the company expand its operations through the hiring of expertise to oversee the critical testing phase of cutting-edge, commercial-scale technology designed to eliminate the need for combustion by replacing that process with clean electricity.
Today’s announcement highlights how the Government of Canada is contributing to Atlantic Canada’s momentum by strengthening our communities, creating new opportunities, and setting the stage for a strong, sustainable future.
Quotes
“Reducing emissions is good for the economy and good for the planet—a win-win. Your federal government is focused on growing our economy by giving Canadian businesses like Nu:ionic the support they need to expand their operations, reduce operating costs, and create great jobs in an industry that’s ready for the future.”
- The Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA
“The Government of Canada is committed to helping businesses and entrepreneurs build a foundation of success through innovation and build a sustainable future for us all through technological advancements. Nu:ionic Technologies’ growth is not just about expanding in size, but about evolving toward sustainability and decarbonization.”
- Jenica Atwin, Parliamentary Secretary to the Minister of Indigenous Services and Member of Parliament for Fredericton
“At Nu:ionic Technologies we are developing electrified solutions for industries to achieve their decarbonization goals at an accelerated pace. We are commercializing novel applications for industrial microwave and commercializing smart and efficient, zero emission process heaters like Nu-Xsm in our Fredericton Research and Innovation Center. ACOA's consultative support and funding have been instrumental in helping us grow and achieve critical business and product development milestones. We look forward to continuing this strategic partnership."
- Ben Kennedy, Sr. Vice President of Operations, Nu:ionic Technologies
Quick facts
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Nu:ionic Technologies develops technologies for decarbonizing the chemical and energy industry, starting with the electrification of gas conversion technology using the power of microwave energy.
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Fredericton, New Brunswick is home to Nu:ionic Technologies’ Canadian headquarters and Research and Innovation Centre. Operations in Tulsa, Oklahoma provide sales, marketing, project execution and integrated product development support.
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The funding announced today is provided through ACOA’s Regional Economic Growth through Innovation (REGI) program.
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ACOA’s past support for Nu:ionic includes a contribution of $500,000 for the development of cutting-edge technology, and $44,921 for the hiring of design expertise.
Associated links
Contacts
Connor Burton
Press Secretary
Office of the Minister of Rural Economic Development and Minister Responsible for the Atlantic Canada Opportunities Agency
Connor.Burton@acoa-apeca.gc.ca
Samantha Michaud
Senior Communications Officer
Atlantic Canada Opportunities Agency
samantha.michaud@acoa-apeca.gc.ca
Shawne Thiry
Marketing
Nu:ionic Technologies Inc.
shawne.thiry@nuionic.com
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