The nuclear industry has a long history of providing Ontario with stable, low-cost, carbon-free electricity, and it continues to pave the way to a clean energy future. Bruce Power Net Zero Inc. (BPNZ) aims to explore commercial business opportunities that leverage the carbon-free advantages of nuclear to enable complementary technologies to help Ontario transition to decarbonized energy systems.
BPNZ will accomplish this by:
- Investing in Net Zero infrastructure that generates offset credits.
- Capitalizing on the potential of nuclear power to enable innovation in the pursuit of decarbonization.
- Leveraging government support to unlock investment opportunities that further contribute to a Net Zero future.
- Engaging potential proponents through memberships in the Hydrogen Business Council and Energy Storage Canada.
“It’s clear that in order for Ontario and Canada to reach their climate change goals, we will need all the tools in the clean energy toolbox,” said James Scongack, Chief Development Officer and Executive Vice-President, Operational Services at Bruce Power. “Nuclear is the backbone of the province’s clean electric grid and must be leveraged to enable a variety of complementary technologies to secure a Net Zero future.”
A key priority of BPNZ is fostering new business connections with industry and regional and community partners to advance projects that reduce greenhouse gas (GHG) emissions. As part of this, BPNZ is seeking proposals for projects within the Clean Energy Frontier region of Bruce, Grey and Huron counties that will help Bruce Power and Ontario achieve Net Zero GHG emissions targets.
Expressions of Interest will be accepted until June 30, 2022, for ideas for potential projects that will significantly reduce GHG emissions. Submissions should include an estimated quantity of GHG reductions on a conservative and scientifically credible basis; indicate when reductions would be available, with preference given towards projects with reductions available before 2027 or earlier; and include a high-level estimate of total project costs.
BPNZ has outlined four strategic priorities for the current wave of its program including:
- Storage (pumped, battery)
- Hydrogen
- Zero Emission Vehicle Infrastructure
- Hydro/Solar/Wind
BPNZ welcomes Indigenous and non-Indigenous community partnership projects, as well as projects with a view to government partnership. BPNZ will lend its expertise and experience to proponents to help fully conceive, construct and/or manage projects.
About Bruce Power Net Zero Inc.
Bruce Power Net Zero Inc. is focused on unlocking the potential of other complementary technologies to nuclear including storage, renewables, hydrogen, and electrified transportation to achieve a Net Zero future. Bruce Power Net Zero Inc. also operates Huron Wind, a 9 Megawatt wind farm located in Tiverton. Huron Wind was the first commercial wind farm in Ontario. Bruce Power Net Zero Inc. is owned jointly by TC Energy and OMERS.