Funding and incentives

Programs offered by BC Hydro

Funding for new businesses establishing in B.C.

BC Hydro supports energy-intensive businesses in reducing climate pollution and building low-carbon operations. Through 2026, new clean-tech and high-tech businesses looking to establish operations in British Columbia (B.C.) may benefit from a dedicated fund of more than $50 million in incentives.

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The Newell Substation in Burnaby.
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Overlooking the river going into Stave Falls Powerhouse.

Eligibility for funding

This fund is available for eligible new transmission and major distribution customers, reducing connection costs to BC Hydro’s integrated grid. Incentive amounts will be determined based on connection costs, the number of connections required by the project, and a demonstrated need for funding.

Other funding sources 

A range of electrification funding and incentive programs are available from other agencies including local, regional, and federal governments are available to help industry electrify in B.C. 

Our dedicated experts can help

  • Determine if an operation is eligible to combine multiple funding programs and incentives
  • Discover funding programs and incentives providing the greatest cost reductions
  • Move forward with the appropriate application processes
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Quality control inspector looking at factory equipment.
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Equipment inside the Cathedral Square substation.
Worker at the Cathedral Square substation.

Our offer

Through to the end of 2026, BC Hydro has over $50 million in incentives available to support eligible new businesses and attract investment to B.C.

Contact our team

BC Hydro offers end-to-end support, including advising on how to reduce the cost of setting up operations in B.C.