As part of a continued drive to be a global leader in the transition to a clean growth economy, the Government of Canada has announced a combined $4.2 million investment in the TUGLIQ Energy Corporation projects at Nunavut and Quebec.
An injection of $283,000 at the Nunavut mine will enable TUGLIQ to complete initial engineering studies on integrating compressed air energy storage at the mine. Enabling the increased use of wind energy and potentially achieving a significant reduction in diesel consumption.
At the RAGLAN 2.0 project, a second investment of $3.9 million will enable the expansion of Nunavik’s first renewable energy production and storage centre to include 16 regional mining operations and Inuit communities in the local area, as well as additional mining operations abroad.
The funds are being provided by Natural Resources Canada’s Energy Innovation Program, which aims to ensure that clean energy technologies are widely affordable in order to drive economic growth, create jobs in the mining and energy sectors and speed Canada’s transition to a low-carbon economy.
You can read the full story HERE.