Launch of NGIF Capital Corporation: The next step in clean technology support by Canada’s Natural Gas Sector

The Canadian Gas Association (CGA) announces the launch of NGIF Capital Corporation, Canada’s first venture capital firm created by and for Canada’s natural gas sector.

NGIF Capital Corporation will be the home of three separate Natural Gas Innovation Fund (NGIF) enterprises: the original NGIF (now called NGIF Industry Grants), the NGIF Emissions Testing Centre, and a soon-to-be-launched venture fund.

NGIF was originally created by CGA in 2017 and in its four years of operation it has funded over 50 startups, de-risking technology solutions for a wide variety of applications in Canada’s gas industry. Among the many benefits of the investments made to date is the expected 3.5 MT in emission reductions by 2030, as the startups commercialize their technologies.

NGIF Capital Corporation will build on the successes of NGIF to date. The new company will offer a hybrid investment model and a market-validation platform for startups, working with them from concept to commercialization and offering ready access to markets. Investments will be made in technologies that will enhance the environmental and economic performance of the natural gas sector from production through to end-use, including investments in renewable natural gas and hydrogen technologies.

“I am thrilled to see the emergence of a new company, NGIF Capital Corporation, that operates a range of enterprises under the NGIF banner,” said John Adams, President and CEO of NGIF Capital Corporation. “This organization will support the needs of clean technology startups and provide them a customer creation value proposition that will also serve the needs of Canada’s natural gas sector.”

“Canada’s natural gas industry produces and delivers affordable, reliable and clean energy to meet its customers’ daily needs – at work and at home,” said Timothy Egan, President and CEO of the Canadian Gas Association. “The organizations under NGIF Capital Corporation will support the industry’s drive to continuously improve, so we can continue to support Canadians’ energy needs.”

Quick Links
Natural Gas Innovation Fund | Canadian Gas Association | NGIF LinkedIn | NGIF Twitter

About the Canadian Gas Association
The Canadian Gas Association is the voice of Canada’s natural gas delivery industry. Its membership includes natural gas distribution and transmission companies, equipment manufacturers, and suppliers to the industry. Our utility members are active in eight provinces and one territory and meet 35 per cent of Canadians’ energy needs through a network of over 566,000 kilometers of underground infrastructure. This infrastructure can also be used to deliver renewable gases including renewable natural gas and hydrogen, in order to contribute to Canada’s greenhouse gas emission reductions. Today, over 7.2 million customer locations representing approximately two-thirds of Canadians, rely on natural gas for clean, affordable and reliable heating and power.

About NGIF Capital Corporation
NGIF Capital Corporation is a Canadian venture capital (VC) firm offering grant and equity financing for startups that deliver solutions to the environmental and other challenges facing the natural gas sector. NGIF Capital Corporation is unique in how it brings Canada’s energy industry leadership to every investment.  Like other VCs, it takes new companies and their ideas from concept to commercialization.  However, unlike other VCs, NGIF Capital Corporation has strong connections to every part of the gas value chain, from production through to end-use, offering it a means to test, develop, and accelerate the commercial implementation of innovative gas technology wherever it fits in the sector. The model benefits consumers, investors, and Canadian society as a whole.  NGIF Capital Corporation operates NGIF Industry Grants (the original Natural Gas Innovation Fund), the NGIF Emissions Testing Centre, and an upcoming Venture fund.

Media Information:
Aysha Raad
Director, Communications
Canadian Gas Association

Fund Information:
John Adams
President and CEO
NGIF Capital Corporation

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