Funding innovation
Through our Environmental Opportunity Fund, we're excited to sponsor companies and research groups developing emerging or early-stage technologies that focus on water and energy efficiencies, reducing polluting emissions, environmental remediation, and mitigating land disturbances.
Cenovus supports innovative companies that are providing products and services to address the environmental concerns of today, as well as sponsoring new research and development directed towards the concerns of tomorrow. We continue to welcome new proposals for investment in innovation.
Some of our current sponsorships
NxtGen is a clean-tech company that develops and manufactures syngas systems. Syngas is a hydrogen-rich gas that is beneficial in processing exhaust emissions after treatment optimization and gasoline engine combustion enhancement. NxtGen uses syngas to aid systems that remove diesel particulate matter and nitrogen oxide from engine exhaust to reduce the environmental impact and improve fuel economy.
We have partnered with the Province of New Brunswick in support of Atlantic Hydrogen's plasma arc technology that generates a cleaner burning natural gas fuel. Atlantic Hydrogen is testing the effects on emissions of using hydrogen-enriched natural gas, specifically in reducing nitrogen and sulphur oxides (NOx and SOx).
Hifi is developing tools to quantify vent flow rates from wellbore surface casing and detect methane gas migration. Industry regulations require serious vent flows to be repaired immediately; but, there is no reliable technology or method to identify leak sources. Hifi's technology, which has much higher sensitivity than existing methods, promises to detect leaks quickly and thereby reduce emissions and remediation costs.
REM Technology, with support from UBC's Clean Energy Research Centre, is developing a pair of technologies that are designed to improve thermal efficiency and reduce air emissions by improving and optimizing the performance of natural gas engines.
Our $3 million donation to mark the University of Alberta's centennial helped to create a research chair for environmental engineering. The Cenovus Chair in Environmental Engineering will focus on enhancing our understanding of best practices in this key area of energy development.
Using an environmentally-benign metal alloy, Seal Well is able to create a better sealant for cracked or leaking oil and gas production wells. Leaking wells can emit noxious and toxic chemicals. Seal Well promises to solve these problematic leaks, offering a long-term method of environmental remediation.
Quebec-based CVTCorp specializes in developing medium-to-high power, continuously variable transmissions (CVTs) for stationary generation systems and large mobile applications. Unlike systems that use geared transmissions, CVTCorp's technology reduces fuel consumption by constantly matching demand to engine output, which greatly increases engine efficiency.
Related information
For more information on our Environmental Opportunity Fund or to submit a proposal for funding email us.
