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Cenovus Energy, Suncor and Alliance partner to fuel the energy transition

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Date: October 13, 2016

Member Updates Archive

Cenovus Energy, Suncor and Alliance partner to fuel the energy transition

Heavy hitters in Canada’s oil and gas sector are investing $100 million in a new mission: balancing clean environmental growth with low costs for consumers.

Evok Innovations is a unique partnership between the BC Cleantech CEO Alliance, Cenovus Energy and Suncor Energy. A cleantech fund focused on accelerating the development of solutions to pressing environmental and economic challenges, Evok focuses on commercializing and boosting green technology innovation.

As an independent, entrepreneur-led fund, it offers entrepreneurs access to major customers, mentorship, subject matter experts, and opportunities to pilot and demonstrate innovative technologies, while accelerating the development and commercialization of breakthrough solutions for strategic partners. Its first round of investments, announced at the end of September 2016, include Mosaic Materials, Metabolik Technologies, DarkVision Technologies, Rotoliptic Technologies Corporation Inc., and the Institute for Breakthrough Energy Technology.

Cenovus Energy executive vice-president Judy Fairburn said the investments could bring substantial enviornmental and economic benefits.

“We’re in a global innovation race to achieve the clean energy future we all want, so we need to be globally competitive on cost, environmental performance and agility,” said Fairburn, who is also an Evok board member.

For more information, see the official announcement.