QEA Tech secured funding of $1.1 M from Sustainable Development Technology Canada
The announcement comes as part of a series of $44.3 M in strategic investments by SDTC (announced this month by the Honorable François-Philippe Champagne, Minister of Innovation, Science and Industry) in eleven (11) Canadian climate-tech companies – to help accelerate their global growth.
With the help of its five industry partners, QEA Tech will take on projects worth $2.6 million to improve the energy efficiencies of buildings and infrastructure in the already built environment that is an essential component of transitioning into the ‘Low Carbon Society’.
The company’s novel technology of quantifying energy losses through the building envelope helps Building Managers and owners to make reliable, data-driven decisions while prioritizing energy upgrades. Its fast, non-disruptive, comprehensive reporting systems along with sophisticated inspections and 3D model-generation capabilities provide users with a sustainable edge in the industry.
Rectifying the anomalies in the building envelope can help recoup up to 51% of energy loss in the building. The available methods in this industry are either inefficient or capital intensive in pinpointing these energy losses. QEA Tech’s state-of-the-art technology can help stakeholders tackle this issue and embrace a holistic and long-term approach.
“We extend our thanks to SDTC and the Government of Canada for supporting QEA Tech’s mission to help property owners and managers embrace a holistic and data-driven approach to building retrofit projects and reduce their GHG emissions. This funding provides QEA Tech access to a large portfolio of buildings across the country, helping us unlock major data collection opportunities and scale up much faster in Canada and globally.”