The Provincial Government is supporting a local technology manufacturing company as it looks to bring its smart thermostats and energy management software platforms to new markets.
Minister Andrew Parsons today announced $100,000 in funding for Empowered Homes Inc. (Mysa) as it undertakes a market expansion strategy project in Europe. The Provincial Government’s investment of $100,000 helps to leverage a $170,500 investment from Empowered Homes for total project funding of $270,500.
The St. John’s-based manufacturing and technology company employs 80 full-time employees. This project is expected to increase its full-time employment by six or more. The company focuses on providing solutions to help homeowners reduce energy consumption and lower home heating costs. Mysa smart thermostats are designed for high-voltage electric baseboard heating systems.
This project is supported through the Business Development Support Program, which allows the Provincial Government to support small and medium-sized businesses that are committed to develop and grow their operations by improving operational productivity, focusing on trade opportunities and developing their markets.
Quotes
“Clean technology offerings from Mysa provide a highly scalable opportunity to grow the province’s economy by pushing into large markets eager to generate energy efficiencies. As a leading Newfoundland and Labrador cleantech company, Mysa represents an opportunity to showcase the province’s innovation and energy conservation and sustainability solutions that will prove beneficial in markets at home and abroad.”
Honourable Andrew Parsons, KC
Minister of Industry, Energy and Technology
“I am happy to endorse this level of investment by the provincial government in a local company that continues to demonstrate a keen insight to the home energy management market. I wish them continued success as they enter the European market.”
John Abbott
MHA St. John’s East-Quidi Vidi
“As Mysa continues to innovate and create incredible products aimed at enhancing energy efficiency for homeowners and businesses alike, we recognize the importance of reaching new markets and customers, both domestically and internationally. This pivotal moment in our journey is where the province’s funding becomes crucial. It enables us to amplify our marketing strategies and extend our reach, which is not just vital for our growth but also essential in scaling our impact towards combating climate change. We are immensely grateful for the support that allows us to take our mission further, making a significant difference in the world by promoting energy conservation and efficiency.”
Joshua Green
CEO, Mysa
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Business Development Support Program