Innovative Energy Technologies Programs

Works by an Oil Rig The Energy Innovation Strategy is designed to respond to the future energy needs of Alberta by investing in research, technology and innovation that create commercial value and achieve the highest standards of environmental performance. The Innovative Energy Technologies Program (IETP) is the major component of this strategy. The IETP represents a $200 million commitment over five years (beginning April 1, 2005) by Alberta Energy to provide royalty adjustments to a number of specific pilot and demonstration projects that use innovative technologies to increase recoveries from existing reserves and encourage responsible development of oil, natural gas, and oil sands reserves. The program is also designed to assist industry in finding commercial technical solutions to the gas over bitumen issue that will allow efficient and orderly production of both resources.

The objective is to generate royalties from the increased recovery of oil, gas and oil sands resources that might not otherwise be recovered using current technology. It is anticipated that successful technologies supported by this program will enhance resource recovery and increase royalties to fully recover, over time, the costs of the program.

Successful applicants in the program will be provided royalty adjustments up to a maximum of 30% of approved project costs. Industry must provide the remaining 70% or more of total project costs. The total industry/government commitment to important new technologies, assuming full subscription of the program, will be at least $667 million.
New Icon Round 5 Applications now being accepted - Notification Letter

Round 5 Application Package

Alberta Energy believes that a producer’s ability to undertake certain projects is often limited by the related technical and financial risk. Royalty reductions provided by this program will assist in reducing financial risk, thereby encouraging producers to undertake the projects.

Innovative pilot and demonstration projects in the energy sector in Alberta could be eligible for approval under the program. An evaluation committee will review the applications and advise on the merits of the projects in the context of the project selection criteria.

Alberta Energy will make the final decisions on innovative pilot and demonstration project approvals and the level of support that will be provided.

	Innovative Energy Technologies Round 5 Program Application
RTF	Innovative Energy Technologies Round 5 Program Application
	Innovative Energy Technologies Round 5 Program Application
	Project Economic Evaluation
	Project Economic Evaluation Table
	Intellectual Property Agreement
	Summary of Intellectual Property Key Agreement Terms
	Project Approval Template

Application Process

The application process will allows Alberta Energy to fully evaluate applications for project funding in a consistent, fair and equitable manner. Full applications received prior to the application deadline will be evaluated by Alberta Energy.