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TORONTO, ONTARIO - March 6, 2025 (NEWMEDIAWIRE) - Hybrid Power Solutions Inc. (CSE: HPSS) (OTC: HPSIF) (FSE: E092) ("Hybrid" or the "Company") is pleased to announce it has received up to CDN $2,250,000 from the Government of Canada, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), to accelerate innovation and expand cleantech manufacturing capabilities at its Etobicoke, Ontario facility. Hybrid is a leading fuel-free portable power manufacturing company, focused on connecting businesses and consumers with access to clean, renewable energy. All Hybrid products are designed, developed and manufactured in Canada.
The announcement was made by the Honourable Ruby Sahota, Minister of Democratic Institutions and Minister responsible for FedDev Ontario, who visited the Company's headquarters today.
"By investing in southern Ontario companies advancing eco-friendly products and solutions, we are unlocking new opportunities, driving robust economic growth, and building a more sustainable future. Today's investment underscores the Government of Canada's commitment to strengthening our economy and shaping a cleaner, more prosperous tomorrow." Francois Byrne, Founder and CEO of Hybrid Power Solutions, also commented on the funding, "We are excited to be part of this initiative that supports the growth of clean technologies and advances our mission to replace fossil fuel generators with innovative, portable power systems. This investment will significantly enhance our efforts to scale production and improve our research and development capabilities."
Canada's dedication to advancing manufacturing and cleantech, and how cleantech solutions can help customers reduce operating costs while minimizing their environmental footprint, is further strengthened by strategic funding. This financial support accelerates the development and adoption of innovative cleantech technologies, enabling businesses to scale up production, enhance efficiency, and broaden their impact across industries, ultimately benefiting both the economy and the environment.
Portable Power Packs / Stationary Energy Storage
Hybrid's Batt Packs' -a line of portable power packs-deliver top-tier performance with a consumer-focused design. These fuel-free, durable units are built for portability, starting at 3,000W, and are suitable for both indoor use (even in confined spaces) and outdoor conditions, functioning reliably in temperatures as low as -30C. Charging options include a standard wall outlet, solar power, or an alternator en route to a work site. Hybrid's new Spark and Terra are redefining the construction industry with hybrid 24kVA and 150kVA energy storage systems that reduce operating costs by up to 70% while improving safety and data monitoring.