Industrial Motors

Unlocking Energy Efficiency with GIFMP

Today, sustainability and efficiency are paramount. Natural Resources Canada’s Green Industrial Facilities and Manufacturing Program (GIFMP) is a beacon of support for industrial facilities aiming to enhance their energy efficiency. This program is a golden opportunity for manufacturers to reduce operational costs, minimize greenhouse gas emissions, and stay competitive in a rapidly evolving market.

Understanding the GIFMP

The GIFMP is designed to support Canadian industries’ quest to become more energy-efficient and environmentally friendly. The program is divided into two main tracks:

  • Energy Efficiency Solutions Track: This track focuses on provinces, territories, utilities, and other entities with established industrial networks. It provides financial assistance for energy efficiency initiatives aligned with the Government of Canada’s objectives. Funding can cover up to 100% of eligible implementation costs for certain organizations and up to 75% for private sector for-profit organizations, with a maximum of $20 million per proposal​.
  • Industrial Facility Track: This track is open to all industrial sectors and facility sizes and focuses on regional, sectoral, and activity-specific gaps. It offers direct-to-industry support, providing up to 50% of eligible implementation costs. The maximum funding is $10 million per proposal, and the minimum contribution requirement is $40,000 per proposal​​.

Benefits for Manufacturers

Financial Support: The program’s substantial financial assistance can significantly reduce the initial investment needed for energy efficiency projects. This includes costs for energy assessments, audits, energy management training, and capital investments for energy-efficient technologies.

Operational Savings: Implementing energy-efficient practices can significantly reduce energy consumption and operational costs. These savings can be reinvested into other business areas, promoting further growth and innovation.

Enhanced Competitiveness: Manufacturers can enhance their market position by reducing production costs and improving energy efficiency. Efficient operations also align with global trends favoring low-carbon products, opening up new market opportunities.

Environmental Impact: Participation in the GIFMP helps manufacturers reduce their carbon footprint, contributing to national and global sustainability goals. This proactive approach to environmental responsibility can also improve the company’s public image and stakeholder relations.

Job Creation: The program encourages the creation of new jobs related to energy management and sustainability, contributing to the growth of a skilled workforce within the industry.

How to Apply

To apply for the Industrial Facility Track, manufacturers must submit a comprehensive proposal outlining their energy efficiency initiatives. The application process involves:

  • Completion of Required Sections: Applicants must complete all required sections outlined in the program’s guidelines, including a detailed project overview and expected outcomes.
  • Submission Through Online Portal: Applications must be submitted through the GIFMP online application portal along with a filled-out Project Workbook.
  • Evaluation and Approval: Proposals undergo a rigorous evaluation process. Successful applicants receive a Letter of Conditional Approval, which, upon successful due diligence, leads to preparing a contribution agreement detailing the terms and conditions for funding​​.

The GIFMP represents a significant opportunity for industrial facilities to enhance their energy efficiency, reduce operational costs, and contribute to a sustainable future. By leveraging this funding opportunity, manufacturers can improve their bottom line and play a pivotal role in Canada’s transition to a greener economy.

For more information and to start applying, visit Natural Resources Canada’s GIFMP page.

Edgecom Energy is a leading energy management solutions provider that enables industrial facilities to track facility data and grid analytics in real time and get AI insight on improving efficiency. Contact us today to learn more.

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