OTTAWA, May 23 /CNW Telbec/ - The Ontario Ministry of Research and
Innovation (MRI) and Wal-Mart Canada announced today that they are pursuing a
project with Menova Energy that would provide up to $5.9 million to support
the demonstration of the company's world-leading Power-Spar solar concentrator
technology. The intention is to test and install the technology on the roof of
a Wal-Mart store in Ontario, yet to be selected or constructed.
Under the proposed project, Ontario would provide Menova Energy with a
$2.8 million forgivable loan awarded through the Ontario Ministry of Research
and Innovation's Innovation Demonstration Fund, which focuses on the
commercialization and initial demonstration of globally competitive,
innovative technologies, processes and/or products.
Wal-Mart Canada would provide up to $3 million to support the testing and
installation of the technology on one of the company's store roofs. This
demonstration would be used to assess the potential benefits of the Menova
system as a candidate technology to help Wal-Mart Canada meet its long-term
sustainability goal to be supplied by 100 per cent renewable energy.
"This is an example of Ontario's growing world leadership in solar
energy," said Menova Energy president David Gerwing. "The Menova technology
was developed in Ontario and will remain in Ontario thanks to the forward
looking policies and commitment from this provincial government."
"Outfitting just one-quarter of the Wal-Mart stores in Canada would
result in $250 million in new manufacturing activity over the next four years
in the province", said Woodbine Tool & Die President Tibor Urbanek. "To
support that level of demand Woodbine Tool & Die's operations in Ontario would
grow by 85 employees and spin off another 240 indirect support jobs in primary
metals and installations."
"This innovative project has the potential to harness the power of the
sun to create both clean energy and great new manufacturing jobs, right here
in Ontario," added John Wilkinson, Minister of Research and Innovation. "The
partners in this project are working together to seize a global opportunity."
"We're pleased to partner with this innovative Canadian manufacturer and
the Ontario Government on a planned venture that would reduce Wal-Mart
Canada's environmental footprint and help us achieve our ambitious
environmental goals," said Ken Farrell, Vice President Store Development for
Wal-Mart Canada Corp. "We applaud the Ontario Government for taking an active
role in supporting the commercialization of this innovative green technology
and for helping to create green manufacturing jobs here at home."
For further information:
For further information: Dave Gerwing, President, Menova Energy,
email@example.com, (613) 229-6279; Karin Campbell, Manager, Corporate
Affairs, Wal-Mart Canada, (905) 821-2111 ext. 4042