Calgary-based Acceleware, a leader in decarbonizing industrial process heat, has announced a major milestone in its innovative RF XL technology pilot.
The company has secured up to $1.31 million in non-dilutive funding from the Clean Resource Innovation Network (CRIN). The grant, made possible by Canada’s Strategic Innovation Fund, will support the next phase of heating operations at Acceleware’s Marwayne, Alberta RF XL pilot project.
CRIN’s support aims to accelerate clean technology development and commercialization to tackle environmental challenges in the oil and gas sector. Matching funds are required to unlock the grant, and Acceleware is actively securing the remaining portion of its $5 million project budget.
“CRIN’s ongoing support is critical as we move closer to proving the commercial viability of RF XL,” said Geoff Clark, Acceleware’s CEO. “This technology has the potential to significantly reduce the cost and emissions of heavy oil production while revitalizing previously unviable resources, benefiting both Albertan and Canadian economies.”
RF XL, Acceleware’s flagship decarbonization technology, eliminates greenhouse gas emissions from oil production, requires no carbon capture, and significantly reduces water use and land footprint. Early projections suggest it could cut capital costs by 50% and operational costs by 40%, marking a transformative step in the energy transition.
Beyond oil sands, Acceleware is also exploring electromagnetic heating applications for mining, agriculture, cement, hydrogen, and other industries.
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