Energy Efficiency Innovation.

Our Energy Efficiency Innovation Financing supports Nova Scotia seafood businesses with the adoption of energy-efficient technologies to reduce electricity consumption and greenhouse gas emissions. Eligible projects for seafood operations include those adopting upgrades for electrification, operational efficiency or renewable energy and alternative fuel projects.

Financing

Applicants are eligible for a 0.50% interest-rate reduction for projects that have been given approval for grants, program funding or rebates for energy efficiency.

Eligibility

Grants or rebates from provincial or federal programs can be assigned directly to FALB or paid upfront as a deposit/down payment.

Specifically, recipients of funding through the Fisheries and Aquaculture Energy Efficiency Innovation Fund administered by Efficiency NS are eligible to apply.

Eligible for FALB financing and satisfying all other lending criteria.

Projects Supported

Electrification: Supporting the transition to use of electric vessels and support vehicles, charging infrastructure, and energy storage capacity.

Operational Efficiency: Energy efficient technology adoption and exploration of energy monitoring and cost of production management projects.

Renewable Energy and Alternative Fuel: Supporting adoption of tidal, solar, wind, geothermal, biofuel, and carbon capture projects.