Natural Resources Canada (NRCan) has issued a call for proposals for financial assistance for ISO 50001 improvements in commercial and institutional buildings and will be accepting applications until October 21, 2024.
The ISO 50001 Energy Management Systems Standard is an internationally recognized voluntary standard that provides organizations a structured framework to improve energy performance by making better use of energy-intensive assets.
Organizations that have implemented ISO 50001 have reduced energy costs as well as increased competitiveness while minimizing greenhouse gas (GHG) emissions and other environmental impacts.
According to the Clean Energy Ministerial (CEM), energy management systems have the potential to save up to 40 per cent in energy in commercial buildings. Additionally, implementing ISO 50001 globally could cumulatively cut energy use by 62 exajoules by 2030, saving over $600 billion in energy costs and avoiding 6,500 megatonnes of CO2 emissions.
To help implement ISO 50001 Energy Management Systems in commercial and institutional buildings in 2025-26, NRCan provides financial assistance up to 60 per cent of eligible costs for for-profit organizations or commercial buildings and up to 75 per cent of eligible costs for not-for-profit organizations or institutional buildings to a maximum of $40,000 per building.
The implementation of the project must be completed by March 31, 2026.
Each application is evaluated based on a defined set of merit-based criteria which include the energy savings potential, project feasibility, and proposal completeness based on receipt of a complete proposal.
If a project is selected for funding, a program officer will be in contact to outline how to proceed. NRCan will approve as many projects as possible until all available funds have been allocated to projects.
Project approvals and financial assistance will be offered to the projects that score the highest based on the evaluation criteria until the program funding is fully allocated.
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