Partnerships to power a sustainable and efficient fishery
wooden lobster trap

The Fisheries and Aquaculture Energy Efficiency Innovation Fund

Maintaining a sustainable seafood, aquaculture, and sportfishing sectors throughout Nova Scotia is key to safeguarding these industries across the province. That’s why we’ve partnered with the province to offer the Fisheries and Aquaculture Energy Efficiency Innovation Fund (FAEEIF) to reduce the effects of climate change by investing in innovative and efficient new practices.

The FAEEIF is a provincially-funded program designed to help prepare the commercial fisheries and aquaculture sectors to reduce energy use and reduce climate change impacts to at least 53% below the levels that were emitted in 2005 by 2030 and achieve net zero by 2050.

Pathways to Participation

The program aims to incentivize innovative, sustainable, and energy-efficient practices in Nova Scotia’s commercial fisheries and aquaculture sectors through non-repayable, claims-based contributions in four pathways:

Study Path

Supporting studies that enable future projects under the other pathways (Electrification, Renewable, and Operational Efficiency) included in this funding program. The intent of the study should be to enable more than one project that is not tied to a specific company. The Study Path promotes future projects that enable the core intent of the fund to create innovative, sustainable, and energy-efficient practices in the Nova Scotia fisheries sector.

Examples include:

  • Electrification readiness studies that enable future vessel conversions for a community or harbour.
  • Any other study that enables projects under the other pathways (Electrification, Renewable, and Operational Efficiency).

Electrification Path

Supporting the transition to the use of electric vessels, support vehicles (support off-road vehicles need to displace an existing fossil fuel-based off-road support vehicle), and charging infrastructure (including associated energy storage).

Examples of measures:

  • Diesel vessel data logging and design.
  • Diesel to electric hybrid vessel conversion.
  • Support vehicles such as forklifts.
  • Charging infrastructure (including associated energy storage).
  • Any innovative projects that advance the objective of this path.

Renewable Path

Supporting adoption of renewables such as solar, wind, geothermal, or biofuel.

Examples of measures:

  • Renewable energy generation installations that support businesses in the fisheries sector or powering charging infrastructure for electric vessels.

Operational Efficiency Path

Supporting energy efficient technology adoption and exploration of energy monitoring and cost of production management projects.

Cost of production measures: Implementation and interconnection of various industry data monitoring systems that support identification of operational energy and cost savings either at an organization or industry level with the intent of impacting the overall fisheries industry.

Examples of measures:

  • Energy management information system (EMIS) and interconnection ISO-5000.
  • Any innovative projects that advance the objective of this path.

Operational improvements:
Implementation of technical improvements in their facilities such as equipment/system purchases or retrofits that result in energy reduction as compared to an established baseline.

Examples of measures:

  • Heat pumps, chiller upgrades, pump downsizing, high efficiency motors, insulation upgrades, process optimization.

Any innovative projects that advance the objective of this path.

Incentives

The program will offer funding for eligible products and projects to a maximum as follows:

 

StreamEligible percentage of total project costs*Maximum funding amount**Additional requirements
Study50%Up to $250KBusiness Plan for requests > 100K
Electricity50%Up to $250KBusiness Plan for requests > 100K
Renewables50%Up to $100KN/A
Operational Efficiency50%Up to $100kN/A

 

Total funding stacking from all third-party sources cannot exceed 80% of the total project cost, the applicant is expected to contribute a minimum of 20%*. Participants may request funding respecting the stacking limit of 80% and the pathway maximum funding limits below.

*Note: in-kind contributions are not considered with respect to stacking limits and applicant contributions.

Applicants can seek loans for their 20% minimum contributions. View current loan options offered by the Nova Scotia Fisheries and Aquaculture Loan Board below.

Eligibility

Assistance under the FAEEIF is provided to eligible, successful applicants wishing to improve the energy efficiency of their operation and reduce their carbon footprint through the use of energy efficient technologies.

Applicants must:

1. Be the end user of the proposed project.
2. Have legal capacity to operate in Nova Scotia.

Participants must also meet one of the following criteria:

1. Are an aquaculture business in Nova Scotia holding a valid licence and lease from the Nova Scotia Department of Fisheries and Aquaculture.
2. Are a commercial fish harvester/business operating in Nova Scotia, holding a valid licence from the federal Department of Fisheries and Oceans.
3. Are a fish buying or processing business registered and licensed in Nova Scotia and in good standing, holding a valid licence from the Nova Scotia Department of Fisheries and Aquaculture.
4. Operates a business or organization registered in Nova Scotia that directly supports the commercial fisheries and aquaculture industries. A description of how the fisheries industry is supported will be required and evaluated by the steering committee.

Note: Supporting documentation may be required to verify eligibility such as incorporation documents, supplier quotes for the project, relevant operating permits, and licensing; and any other documents required to determine how the project meets fund objectives.

How to Apply

  1. Submit: Application Form based on the path selected.
    • Eligibility review: Efficiency Nova Scotia confirms eligibility criteria and may require proof of eligibility.
    • Application quality assurance: Applications are reviewed by Efficiency Nova Scotia which prepares project scoring documents. Additional information is collected if required.
  2. Scoring Review: Steering Committee meets and scores applications.
    • Each application is reviewed and scored by Efficiency Nova Scotia, reviewed by the steering committee, and will be presented to the Minister and Deputy Minister for their approval. Note: Scoring results will not be shared publicly or with the applicants.
    • Top-scored projects in each path are reviewed against expected fund outcomes to validate scoring.
  3. Execute: An Energy Manager will contact the customer to advise on the next steps.
    • If the application is successful, the Energy Manager will provide a claim form.
    • Client executes the project and keeps Efficiency Nova Scotia apprised of progress.
  4. Claim Payment Request: When the project is finished, the client submits the claim form for incentive payment.
    • Efficiency Nova Scotia performs quality assurance to ensure project completion meets the required criteria.
  5. Efficiency Processes Payment
    • Payment is sent to the successful applicant.

All claims must be submitted prior to the project completion date noted on the claim form and must be completed and claimed by March 15 of the current application year. Extensions may be granted at Efficiency Nova Scotia’s discretion upon written request as noted on the claim form.

Funding for this program is provided by