Acceleware announced that it has been awarded up to $2 million in non-dilutive grant funding from the Clean Resource Innovation Network through its Accelerating Cleantech Innovation Competition.
The funding, backed by Canada’s Strategic Innovation Fund, will support the deployment of RF XL 2.0 in a heavy-oil reservoir in Saskatchewan’s Mannville Stack. The grant will cover eligible project costs incurred between January 1, 2026 and September 30, 2027. The funding remains subject to the execution of an Ultimate Recipient Agreement with CRIN and the securing of the remaining project financing.
The project is designed to demonstrate the commercial viability of RF XL 2.0, an all-electric heating technology intended to unlock bypassed heavy oil resources by economically heating reservoirs and increasing production compared with conventional primary recovery methods. The initiative builds upon knowledge gained from Acceleware’s earlier RF XL deployment in Marwayne, Alberta.
According to the company, RF XL 2.0 has the potential to enable production from heavy oil resources that are too viscous for conventional recovery while offering a lower-emission alternative to existing techniques.
Acceleware said RF XL 2.0 marks the first of several industrial heating applications to be commercialized with its Clean Tech Inverter platform. Additional applications include mineral processing and carbon capture. The company noted that it currently has three mining projects underway with major operators and is also developing an amine regeneration project to reduce energy consumption and operating costs.
CRIN is a pan-Canadian network focused on accelerating the commercialization and adoption of clean technologies related to Canada’s hydrocarbon resources. The organization is supported in part by a $110 million investment from the Government of Canada’s Strategic Innovation Fund.
KEY QUOTES:
“We greatly appreciate CRIN’s continued support for the technology as we deploy RF XL 2.0. Proving commerciality of RF XL 2.0 is the goal of Acceleware’s next project, and this funding is critical to getting us there. RF XL 2.0 opens a category of heavy oil resource that the industry had effectively written off. Stranded and bypassed reservoirs that were never considered economically viable are now back on the table, and that could have major implications for Canada’s long-term energy future.”
Geoff Clark, CEO, Acceleware
“CRIN is proud to continue supporting Acceleware’s RF XL 2.0 project. This next phase exemplifies how innovative clean technologies can drive environmental and economic benefits. We are excited to see the advancements this project could bring to convert Canada’s hydrocarbon resources into viable low-emissions reserves.”
Bryan Helfenbaum, Chief Operating Officer, Clean Resource Innovation Network (CRIN)
