{"id":1825,"date":"2022-09-21T18:43:04","date_gmt":"2022-09-21T18:43:04","guid":{"rendered":"https:\/\/leyton.majjane.agency\/ca\/post\/support-for-next-generation-solar-energy-technology-with-innovation-funding\/"},"modified":"2026-07-26T17:02:42","modified_gmt":"2026-07-26T15:02:42","slug":"support-for-next-generation-solar-energy-technology-with-innovation-funding","status":"publish","type":"article","link":"https:\/\/leyton.com\/ca\/en\/insights\/articles\/support-for-next-generation-solar-energy-technology-with-innovation-funding\/","title":{"rendered":"Support for Next-Generation Solar Energy technology with innovation funding"},"content":{"rendered":"

With Canada on a transformative journey to achieve carbon-free electricity generation and net-zero emissions, there is now an ever-growing demand for development and technological advancement in the solar energy industry<\/strong>.<\/p>\n

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Maximize solar-to-energy efficiency<\/h2>\n
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Solar energy<\/strong> is the third largest renewable energy source and recent R&D<\/strong> efforts in next-generation solar cell technology<\/strong> is aiming to maximize solar-to-energy efficiency and minimize manufacturing <\/a><\/strong>complexity and cost, potentially enabling rapid terawatt-scale solar deployment and placing solar <\/strong>in the center of the future\u2019s global energy system.<\/p>\n

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Solar cell technology<\/strong> is seeing a shift from silicon-based to amorphous silicon, perovskite, and bifacial based material. Halide perovskite cells and silicon\/perovskite hybrid cells have gained attention as they have shown superior characteristics in terms of energy output efficiency and manufacturing <\/a>costs. Despite significant progress in increasing the efficiency of perovskite solar cell (3% in 2009 to over 30%), a number of challenges remain in the way of commercialization<\/strong>.<\/p>\n

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At the core of these challenges are limitations associated with the potential decomposition of perovskite in reaction with moisture and oxygen as well as the viable manufacturing <\/a>and stability of high-efficiency devices at a large scale. Developing a manufacturing <\/a>process that is scalable and reproducible is necessary for commercialization<\/strong>. Additionally, there is a need for sufficient field data to prove the long-term operational performance and technological viability of these systems.  <\/p>\n

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\"Next-Generation<\/figure>\n
\"Next-Generation<\/figure>\n<\/figure>\n
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Accessing funding<\/h2>\n
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The Canadian government continues to invest in advancements of renewable energy to support its road to net-zero emissions<\/strong> by 2050. The Scientific Research and Experimental Development (SR&ED) program<\/a><\/strong> is a tax incentive<\/a><\/strong> administered by the federal and provincial governments, which benefit businesses by providing an Investment tax credit (ITC)<\/strong> as a refund and allowing R&D<\/strong> expenditures to be deducted from income for tax purposes. This program encourages organizations of all sectors, from start-ups to large multinationals, to conduct R&D <\/strong>in Canada.<\/p>\n

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The potential for SR&ED eligibility<\/strong><\/a> is high for companies working to increase the efficiency and lifetime, and ultimately advance the commercialization <\/strong>of next-gen solar cell technology<\/strong>. This high potential is associated with the fact that hybrid organic-inorganic perovskite solar cells technology is still globally in the demonstration phase for which several technological challenges, such as stability, durability, commercial manufacturing, and at-scale power-conversion efficiency are prevalent. In addition to SR&ED<\/a><\/strong>, there are a substantial number of funding programs<\/a><\/strong> offered by different government organizations, including but not limited to NRCan<\/strong> (Natural Resources Canada), Mitacs<\/strong>, SIF <\/strong>(Strategic Innovation Fund), and ISED <\/strong>(Innovation, Science and Economic Development Canada), that invest in companies carrying out R&D<\/strong>, innovation, demonstration, and commercialization<\/strong> in the renewable energy<\/strong> industry. <\/p>\n

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Contact <\/a>our SR&ED<\/a> and grant <\/a>experts<\/strong> to explore ways to help boost or advance your development projects and determine your eligibility for different government funding programs.<\/strong><\/p>\n

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Sources:<\/p>\n