Funding innovation

Through our Environmental Opportunity Fund, we're excited to sponsor companies and research groups developing emerging or early-stage technologies that focus on water and energy efficiencies, reducing polluting emissions, environmental remediation, and mitigating land disturbances.

Cenovus supports innovative companies that are providing products and services to address the environmental concerns of today, as well as sponsoring new research and development directed towards the concerns of tomorrow. We continue to welcome new proposals for investment in innovation.

Some of our current sponsorships

Saltworks Technologies Inc. - converting salt water to fresh water

Saltworks, based in Vancouver, Canada, has developed an energy efficient way to convert salt water into fresh water through desalination. The company's technology removes salt from seawater and underground saline water by harnessing low-temperature heat provided by solar energy or waste heat from power generation, which reduces the amount of mechanical and/or electrical energy required. Potential applications for Saltworks' technology include processing water for industry, as well as producing drinking water for communities and irrigation water for agriculture.

General Fusion Inc. - fusion technology using hydrogen atoms found in seawater

General Fusion is developing fusion technology where two atoms come into contact and bind together to release energy. This is the same way the sun produces energy. General Fusion uses hydrogen atoms, which are found in abundance in seawater. The by-products of the reaction are safe for the environment and the process emits no greenhouse gases.

Atlantic Hydrogen Inc. - CarbonSaverTM demonstration project

We have partnered with the Province of New Brunswick in support of Atlantic Hydrogen's plasma arc technology that generates a cleaner burning natural gas fuel. Atlantic Hydrogen is testing the effects on emissions of using hydrogen-enriched natural gas, specifically in reducing nitrogen and sulphur oxides (NOx and SOx).

Hifi Engineering Inc. - fibre optic well logging

Hifi is developing tools to quantify vent flow rates from wellbore surface casing and detect methane gas migration. Industry regulations require serious vent flows to be repaired immediately; but, there is no reliable technology or method to identify leak sources. Hifi's technology, which has much higher sensitivity than existing methods, promises to detect leaks quickly and thereby reduce emissions and remediation costs.

University of Alberta — Chair in Environmental Engineering

Our $3 million donation to mark the University of Alberta's centennial helped to create a research chair for environmental engineering. The Cenovus Chair in Environmental Engineering will focus on enhancing our understanding of best practices in this key area of energy development.

Seal Well Inc. - well abandonment technology

Using an environmentally-benign metal alloy, Seal Well is able to create a better sealant for cracked or leaking oil and gas production wells. Leaking wells can emit noxious and toxic chemicals. Seal Well promises to solve these problematic leaks, offering a long-term method of environmental remediation.

CVTCorp Transmission Inc. - CVT Development Project

Quebec-based CVTCorp specializes in developing medium-to-high power, continuously variable transmissions (CVTs) for stationary generation systems and large mobile applications. Unlike systems that use geared transmissions, CVTCorp's technology reduces fuel consumption by constantly matching demand to engine output, which greatly increases engine efficiency.