Hydro-Québec continues its partnership with the C3E
The Center of Excellence in Energy Efficiency (C3E) is incredibly pleased to announce that it has just received confirmation of the extension of its partnership with Hydro-Québec. It is important to remember that Hydro-Québec is one of the two founding partners of the C3E who were willing to believe in this great initiative in 2009.
Since then, the C3E team has been hard at work. We are pleased with the report card we just submitted to the last Board of Directors meeting, held on June 17.
C3E’s investments over the past 11 years have resulted in:
- 11.63 million invested in promoters
- 35 projects invested and supported
- 112 M in economic activity in 2020-2021.
- 32.4 million in carbon market transactions
- 659 jobs created or maintained.
- 66 technological innovations commercialized.
- 24.18M (maximum potential return on investment over 10 years)
- Reduction of GHG 38,019 tepCO2 of which 45% in Quebec
This $90K contribution from the government corporation will enable C3E to increase these positive impacts.
“Quebec can and must massively reduce its GHG emissions, more than 40% of which are linked to the transportation sector and more than 10% from the building sector. These sectors are the focus of C3E’s investments. To achieve this, we must deploy original, economically viable solutions very quickly. C3E’s investments in young Quebec companies are precisely what allows us to accelerate the introduction of technologies that promote the reduction of greenhouse gas (GHG) emissions, making a major contribution to the large market that energy efficiency represents,” says C3E CEO Donald Angers.
‘’Since we supported its implementation in Quebec, C3E has provided us with a most commendable report card to support the commercialization of Quebec innovations. Its investment strategy to redistribute its profits to the next generation deserves some recognition. It is for these reasons that we are pleased to continue our partnership with this non-profit organization” says Jean Matte, Senior Director of the Hydro-Québec’s Research Centre.
