en.Wedoany.com Reported - Canadian cleantech company Acceleware Ltd. announced that it has secured up to CAD 2 million in non-dilutive funding from the Clean Resource Innovation Network (CRIN) Accelerating Clean Technology Innovation Competition to deploy its RF XL 2.0 technology in the Mannville Stack heavy oil reservoir in Saskatchewan. The grant will cover eligible project costs from January 1, 2026, to September 30, 2027, and is funded by Canada's Strategic Innovation Fund. The grant is subject to finalizing a recipient agreement with CRIN and securing the remaining project funding.
The project aims to validate that RF XL 2.0 technology can effectively and economically heat heavy oil reservoirs, significantly increasing production compared to conventional primary recovery, thereby unlocking Canada's stranded heavy oil resources. As an all-electric heating technology, RF XL 2.0 has the potential to extract heavy oil that is too viscous for conventional recovery and can serve as a low-emission alternative to other extraction methods. The technical approach and execution strategy for this project are based on Acceleware's previous experience deploying RF XL in Marwayne, Alberta.
Geoff Clark, CEO of Acceleware, stated that proving the commercial viability of RF XL 2.0 is the goal of Acceleware's next project, and this funding is critical to achieving that goal. He noted that RF XL 2.0 opens up a category of heavy oil resources that the industry had abandoned, with stranded and legacy reservoirs previously deemed economically unviable now back on the agenda, which could have a significant impact on Canada's long-term energy future. Bryan Helfenbaum, Chief Operating Officer of CRIN, said that this next-phase project demonstrates how innovative clean technologies can drive both environmental and economic benefits, transforming Canada's hydrocarbon resources into viable low-emission reserves, and CRIN will continue to support Acceleware's RF XL 2.0 project.
RF XL 2.0 is the first of several industrial heating electrification applications being commercialized by Acceleware and Clean Tech Inverter (CTI), with applications including mineral processing and carbon capture.
Acceleware is an advanced electromagnetic (EM) heating technology company offering proprietary radio frequency (RF) electric heating solutions designed to increase production, reduce energy consumption, and lower operating costs in large-scale industrial heating. Its core innovation, the Clean Tech Inverter (CTI), has been field-validated through the initial commercial-scale pilot of RF XL. The company is leveraging CTI expertise across industries, currently advancing three mining projects targeting major operators and an amine regeneration project aimed at significantly reducing energy consumption. Acceleware is listed on the TSX Venture Exchange under the ticker symbol AXE.
The Clean Resource Innovation Network (CRIN) is a pan-Canadian network dedicated to ensuring the sustainable development of Canada's hydrocarbon resources and their integration into the global energy system. Operating as a "network of networks," it connects industries such as oil and gas with technology developers, researchers, governments, investors, academia, and youth groups, creating market pull by identifying industry challenges to accelerate the commercialization and widespread adoption of clean technologies. CRIN is partially supported by a CAD 110 million investment from the Government of Canada's Strategic Innovation Fund (SIF).
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
