Exclusive opportunities for new and existing businesses in B.C. through 2026
BC Hydro is supporting energy-intensive businesses to transition to cleaner, more sustainable alternatives to reduce climate pollution and build a low-carbon economy. Funding may be stackable for eligible applicants.
Funding for clean tech and high-tech businesses new to B.C.
If you're looking to establish operations in the province, you can take advantage of a dedicated fund of more than $50 million in incentives.
Funding for industrial and transportation fuel switching in B.C.
New businesses to B.C. and existing businesses in B.C. can also access a separate pool of funding to help with industrial fuel switching, commercial building retrofits, and fleet electrification totalling over $60 million.
Find out if your business is eligible for funding
For clean tech and high-tech businesses
BC Hydro's funding programs help new eligible transmission and major distribution customers reduce costs when connecting to our integrated grid. Incentive amounts are determined based on connection costs, the type of connection required by the project, and a demonstrated need for funding.
For businesses fuel switching
Businesses new to B.C., as well as existing businesses, can access funding and incentives to fuel switch all or part of their operations from fossil fuels to renewable, hydroelectricity.
Additional funding sources
A range of funding and incentives are also available from other agencies including local, regional, and federal governments.
Maximum participation reached
Aug 10, 2023 – Based on applications received to date, it is expected that the aggregate energy cap of 5,000 GWh for the CleanBC Industrial Electrification Rates will be reached. New applications will be placed on a waitlist, should previously approved projects not proceed. Prospective customers should not rely on the availability of these discounted rates as they make their investment decisions. If you have already applied, we will review your application and will be in contact with next steps.
To discuss other potential funding opportunities to support your large commercial and industrial electrification projects, please contact us.
New businesses to B.C. and existing businesses in B.C. can access our low industrial electrification rates when connecting to BC Hydro's integrated grid.
There are two categories of rates available to our transmission service customers:
For existing customers, contact your Key Account Manager to learn more about industrial energy rates. If you're a new BC Hydro customer, contact our Business & Economic Development team.
Find an industrial site
If you're new to British Columbia and need a site to establish operations, BC Hydro offers expert advice to help find a suitable industrial or brownfield site for your business. We have a portfolio of pre-approved sites available, all of which are connected or ready to connect to our integrated grid.