FuelPositive announced new financing to assist the agriculture industry in Manitoba, Canada
Published by Emilie Grant,
Assistant Editor
World Fertilizer,
FuelPositive Corp. has announced a new financing which will enable the company to advance towards the activation of its first system and the commencement of revenue generation. This funding, with existing commitments from a dedicated long-term shareholder and new investors, including Manitoba-based farmers, will allow the company to complete the final phase of pressure vessel certification, secure third-party engineering certifications, and move forward with the final step: connecting the system to Manitoba's green grid.
"The unwavering support from our investors has been instrumental in driving us closer to realising our vision for the future of sustainable agriculture," stated Ian Clifford, Co-Founder, CEO and Board Chair of FuelPositive. "This milestone highlights the transformative potential of our technology to address key challenges in farming, energy sustainability, and beyond."
FuelPositive is also actively applying for significant provincial funding in Manitoba to cover the remaining activation costs and help transition the company into revenue generation. In connection with the application, the founders have engaged a diverse network of supporters across government, academia, farming, and the agricultural industry, receiving many endorsements from leading experts and farmers across Canada. These collaborations underscore FuelPositive's innovative system's broad appeal and ability to contribute to sustainable development, clean energy adoption, and global food security.
Read the article online at: https://www.worldfertilizer.com/environment/09122024/fuelpositive-announced-new-financing-to-assist-the-agriculture-industry-in-manitoba-canada/
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