ARC is proud to be one of seven limited partners of the newly established NGIF Cleantech Ventures. The seven partners have committed a combined $35 million in capital.
Innovative technology is essential to enabling a lower carbon future. With our world-class Montney resource, ARC is Canada’s third-largest natural gas producer and is committed to helping meet the global demand for lower carbon energy. Through initiatives like the electrification of our facilities and well sites and the application of new technologies, ARC has achieved the lowest GHG emissions intensity among our Canadian peer group. Natural gas will play a significant role in transition to low carbon economy. Our investment in NGIF Cleantech Ventures aligns with ARC’s commitment to promote responsible development and use of Canada’s natural resources.
About the Fund
NGIF's Cleantech Ventures is an industry-led equity fund - operated by NGIF Capital Corporation - focused on advancing technologies and solutions that enhance the environmental and economic performance of the natural gas sector.
“NGIF Cleantech Ventures is uniquely placed to position Canada’s natural gas as the most competitive gas molecule in the world with the lowest-emission profile” said John Adams, President and CEO of NGIF Capital Corporation and Managing Partner of NGIF Cleantech Ventures. “Our fund will leverage the experience and expertise of our strategic gas partners to support our cleantech startups. NGIF Cleantech Ventures, together with our flagship fund NGIF Industry Grants, will help support new ventures from concept to commercialization.”
The mandate of the fund is to invest in cleantech enterprises across the value chain, from production, transmission, distribution, storage, and end-use applications, as well as innovations leading to the expanded production of emerging fuels like renewable natural gas and hydrogen.
Investments made through the fund will improve environmental performance while building the value of affordable, reliable natural gas to meet the ongoing needs of Canada’s energy system and the growing global opportunity for Canadian natural gas.