Podcasts about energy sector

IS IRAN'S "RING OF FIRE" STRATEGY BURNING BRIGHT — OR BURNING OUT?HEADLINE 1: Israel launched a satellite into space.HEADLINE 2: Apparently, Tehran had increased its stockpile of enriched uranium in the weeks before Israel launched its first preemptive strike on the program in June.HEADLINE 3: The Shin Bet thwarted a plot to assassinate Israeli National Security Minister Itamar Ben Gvir.--FDD Executive Director Jon Schanzer provides timely situational updates and analysis, followed by a conversation with Emily Schrader, an Israeli journalist, author, and activist who serves as a news anchor at ILTV News Israel.--Featured FDD Articles:"Turkey's Quiet Relationship with ISIS" — Sinan Ciddi in The Jerusalem Strategic Tribune"Xi's military parade showed just how dangerous China has become" — Bradley Bowman in The New York Post"10 Takeaways From Simulated Attacks on Taiwan's Energy Sector" — RADM (Ret.) Mark Montgomery, Craig Singleton, Johanna Yang, and Jack Burnham, FDD Insight

Rob Thummel, senior portfolio manager at Tortoise Capital — manager of the firm's energy infrastructure funds as well as its new AI Infrastructure ETF — says that in a three-decade career, he has never seen a better time to be looking at the energy sector, thanks to being the world's largest energy producer with opportunities to remain the global leader, but also due to the power needs created by artificial intelligence. He says "Electricity is the new oil," driving the economy forward the way oil companies used to. Thummel notes in his Market Call interview that he has now seen some Bitcoin mining companies morph into data centers, largely because the megatech companies are paying to get access to the power supply that the crypto mining companies have developed. Lester Jones, chief economist for the National Beer Wholesalers Association, discusses the latest "Beer Purchasers Index," a forward-looking measure of economic activity that he says has reached the lowest point in its 10-year-plus history, indicative of a "beer recession," with less orders, declining sales and other economic indicators showing an alarming down cycle for the industry that could be a bad sign for the broader economy. In the Big Interview, Rick Pitcairn, chief global strategist at Pitcairn — a firm that works with ultra high net worth families managing money over lifetimes — discusses the importance of not allowing today's bumps and headlines become something bigger in a portfolio. It eliminates "the execution risk of timing," and allows the market to turn a steady return in the high single digits" to become "a super wealth accumulator." As a result, he's fully diversified, and suggesting investors lean into international stocks and bonds, hard assets and more now.

There's hopes from one electricity retailer that the Government may underwrite generation projects. The Government is expected to make decisions this month on reforming the energy sector - after it asked global consultancy company Frontier Economics to report back on what's needed. Octopus Energy chief executive Margaret Cooney says underwriting's worked in the past with the ultra-fast broadband rollout. "You can do that by issuing a tender, getting long-term contracts and new supply to come into market as soon as possible." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Jean Chretien, Canada's oldest living prime minister, isn't taking Western separatism lying down. Having seen Canada through the threat of Quebec separation, his Clarity Act of 2000 could find new currency today. Chrétien — now 91, mentally sharp and still not pulling his punches — talks to host Amanda Lang about Donald Trump, Team Canada and his message to Alberta. This episode originally aired on June 12, 2025

The following article of the Energy industry is: “Mexican Energy Sector: Between New Rules and the Urgency to Attract Private Investment” by Fernando Cruz Galván, Director, Energy and Board Member, Kannbal Consulting.

In this episode, I spoke with Charles Hendry, former UK Minister of Energy and visiting professor at Edinburgh University, about what the energy transition really means for professionals, graduates, and businesses alike.If you've been feeling uncertain about your future in the sector—especially if you're based in Aberdeen or just starting out—this conversation is worth your time. Charles shared why the North Sea still matters, what kinds of roles will emerge from carbon capture and decommissioning, and how graduates can position themselves for long-term success in a changing energy economy.

Today's Post - https://bahnsen.co/4mqPbFc Dividend Cafe: Market Updates, Fed Insights, and Public Policy Developments In this Monday edition of the Dividend Cafe, David Bahnsen covers a range of topics including market performance, recent movements by the Federal Reserve, and significant public policy announcements. The DOW and other major indices experienced declines after a notable rally on Friday following Chairman Powell's speech at Jackson Hole. Public policy highlights include the U.S. government's equity interest in Intel and plans for future investments, as well as new tariffs on imported furniture. The housing market shows signs of trouble with declining permits and new home sales. The episode discusses the potential implications of Fed Governor Lisa Cook's investigation and offers insights into crude oil prices and midstream energy sectors. Finally, it reiterates the resilience of dividend growth investing amidst economic and policy uncertainties and previews Nvidia's forthcoming earnings report. 00:00 Introduction to the Monday Edition 00:20 Market Recap: A Look at Recent Trends 03:02 Public Policy Updates and Government Actions 06:00 Housing Market Insights 08:17 Federal Reserve and Economic Policies 11:08 Energy Sector and Investment Strategies 13:30 Conclusion and Upcoming Highlights Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

Summer rewind: Hydro Ottawa recently unveiled its largest investment plan ever, with a five-year focus on modernizing and strengthening the grid. The way we're consuming energy is changing, and this investment plan focuses on four key areas that highlight why Hydro Ottawa is taking action, and how they plan on doing it.   Hydro Ottawa's Chief Operating Officer, Guillaume Paradis, joins thinkenergy to dive a little deeper into those focus areas, and why they matter, with host Trevor Freeman.   Related links   ●       Guillaume Paradis on LinkedIn: https://www.linkedin.com/in/guillaume-paradis-30a47721 ●       Trevor Freeman on LinkedIn: https://www.linkedin.com/in/trevor-freeman-p-eng-8b612114 ●       Hydro Ottawa: https://hydroottawa.com/en    To subscribe using Apple Podcasts: https://podcasts.apple.com/us/podcast/thinkenergy/id1465129405   To subscribe using Spotify: https://open.spotify.com/show/7wFz7rdR8Gq3f2WOafjxpl   To subscribe on Libsyn: http://thinkenergy.libsyn.com/ --- Subscribe so you don't miss a video: https://www.youtube.com/user/hydroottawalimited   Follow along on Instagram: https://www.instagram.com/hydroottawa   Stay in the know on Facebook: https://www.facebook.com/HydroOttawa -- Transcript: Trevor Freeman  00:00 Hi everyone. Well, summer is here, and the think energy team is stepping back a bit to recharge and plan out some content for the next season. We hope all of you get some much needed downtime as well, but we aren't planning on leaving you hanging over the next few months, we will be re releasing some of our favorite episodes from the past year that we think really highlight innovation, sustainability and community. These episodes highlight the changing nature of how we use and manage energy, and the investments needed to expand, modernize and strengthen our grid in response to that. All of this driven by people and our changing needs and relationship to energy as we move forward into a cleaner, more electrified future, the energy transition, as we talk about many times on this show. Thanks so much for listening, and we'll be back with all new content in September. Until then, happy listening.   Trevor Freeman  00:55 Welcome to think energy, a podcast that dives into the fast changing world of energy through conversations with industry leaders, innovators and people on the front lines of the energy transition. Join me, Trevor Freeman, as I explore the traditional, unconventional and up and coming facets of the energy industry. If you have any thoughts, feedback or ideas for topics we should cover, please reach out to us at think energy at hydroottawa.com.   Trevor Freeman  01:19 hi everyone, and welcome back. A few episodes back I talked about some of the important work that happens at the distribution level to maintain and expand our grid, and I tried to connect the dots between that work and the broader societal energy transition that is happening at all levels. How the work we do at the distribution level is really important and tied to some of those larger projects that may get a little bit more news and attention that energy transition, which, as you're hopefully aware by now, is ongoing right now. It's not something of the future. It's happening today. That energy transition is multifaceted, but from an electricity and electrification perspective, the distribution utility, ie the Hydro Ottawa, of whatever jurisdiction you're in, is at the very leading edge of many of the changes we need to see within our electricity system to support that transition. So today, I'd like to go a little bit further with that topic and focus on Hydro Ottawa's next five year investment plan, which covers the 2026 to 2030 period. This will be the largest investment plan in our history as a company. And I wanted to dig into what we have identified as key focus areas for investment in the coming five years, with more than 100 years of operating a large, complex distribution network, Hydro Ottawa is embarking on a pretty significant journey to modernize and strengthen our grid for the challenges and opportunities ahead of us. We have filed our 2026, to 2030, Electricity Distribution rate application, as it's called, with the Ontario Energy Board, and this is a standard practice for all local distribution companies in Ontario. That's what we have to do. As a reminder for our listeners, the Ontario Energy Board, or OEB, as we often call it, is our independent regulator. Their mission in this process is to strike a balance between ensuring the financial health and operational needs of utilities like Hydro Ottawa, while also safeguarding the affordability and reliability of the service for the customer. So they want to make sure that we're spending enough to tackle the right projects on the grid, to make sure it stays operational while not spending too much. They meticulously scrutinize every detail of these applications to ensure that the proposed rates are just and reasonable, and that all investments are prudent and really in the public interest. So we have gotten a number of questions about the plan and specifically around where is the money going to go? What are you going to actually spend these dollars that you're requesting on? And why are these investments necessary? What benefits are they actually going to bring to our community? And often we get the question of, does this mean less outages or shorter outages? So I want to dig into that. I want to talk a little bit about what we've got planned and what the impact will be, and what the impact would be if we don't do those things, and to help me walk through that energy roadmap, that plan that we've put together. I've got Guillaume Paradis joining me today. Guillaume is the Chief Operating Officer of generation and distribution here at Hydro Ottawa, and he's going to join me, and we're going to talk through this. Guillaume and his teams are responsible for the planning, design, operation, construction and maintenance of our electrical power distribution system, and in his role, he leads the teams that are directly accountable for ensuring the safe, efficient and reliable delivery of electricity to our customers. Today, I'm going to ask Guillaume, really, to walk us through the details of. Our investment plan, how it was shaped, how we came up with these specific areas, and what benefits are going to be realized by our community and the broader energy landscape. Guillaume, Paradis, welcome to the show. Pleasure to be here. Trevor, okay, so, Guillaume, this is Hydro Ottawa's largest investment plan ever, and I'd like you to start by talking us through the primary drivers behind what our five year investment plan is.   Guillaume Paradis  05:29 Yeah, so as you've heard, as you've seen, we're in a historical, or historically, you know, unique point in the evolution of our industry. Electricity underpins most of our societal aspirations with respect to creating, you know, a more sustainable future, creating the future we want to leave for the next generations. And our distribution system underpins a lot of those aspirations in simple ways and in more complex ways. So, you know, a simple way is that essentially, for, you know, the well being of our society, for our customers, the residents of Ottawa, and really any area, to live the lives they're hoping to live, to, you know, enjoy the benefits of modern life. Electricity is a critical underpinning in any way you can imagine and you know, think about so. Our service has always been very important. It's just become even more critical as a foundational block for you know, the lives that we're hoping to live and we're living today in our modern society. So that, combined with other aspirations related to where we can reducing our carbon footprint and integrating more renewable energy resources within our footprint, it creates a situation where there's a significant need for us to invest, continue to invest and reinvest in our infrastructure to deliver those outcomes for customers.   Trevor Freeman  07:16 Yeah, I think, I mean, we talk a lot about the energy transition on the show, and if, if you think about, you know, let's say our previous rate application five years ago, the energy transition was a thing we knew about it, but it was like a thing of tomorrow where, hey, that's going to come soon. The difference now, I assume, and maybe you can speak to this, is we're seeing that. We're seeing the change now.   Guillaume Paradis  07:40 Yeha, you're exactly correct, like we're in it now. So we've been talking about it for some time, both from a like a general societal aspiration standpoint, but also from a technological standpoint. For a very long time, we talked about electric vehicles having an impact and becoming more commonplace. We talked about leveraging automation to deliver our services. We talked about two way power flows. So we've been building toward this moment, and now we're essentially in it, if you will, and we're seeing all those things, the confluence of all those longer term trends, sort of manifest themselves in real demand for our system, in real changes in our customers want to use energy, and we're in the middle of that, and we're, you know, to enable those things happening in our community here in Ottawa.   Trevor Freeman  08:36 Yeah. So it's like the business as usual, a lot of the same things, and we're going to talk about some of this. About some of the specifics, but a lot of the same thing, things we would normally do just a lot more of at the same time, as like also pivoting a little bit to meet some of these new needs, like charging transportation and like heating our spaces, more of electricity, like some of these new needs that didn't exist are not to the same extent. So it's like more of the same plus other new stuff, and we're gonna talk about that in a minute.   Guillaume Paradis  09:11 Yeah. So, you know, we always would say that the future of the energy sector was very exciting, and things were coming and like, change was upon us, and now, essentially, we're, we're living it, right? So you have to carry on with the responsibilities that you always had, and meanwhile, figure out how to deliver those new outcomes, those new services that previously weren't required or expected, right?   Trevor Freeman  09:39 So let's, let's kind of get into some of the details here. So there are four key capital investment categories in this plan, so growth and electrification, aging, infrastructure, grid modernization and grid resilience. So we're going to dive into the specifics of these in a minute, but we're. To start off with why these four? How did we land on these four as the main categories?   Guillaume Paradis  10:07 Yeah, so there's, there's various ways you can categorize investments. There's a lot of drivers that will lead us to invest in an area or replace some infrastructure somewhere in our system, these categories capture quite well. What is at the core of various investments. So for one specific investment, there will be multiple drivers, but these ones sort of in an elegant way, I would say, capture. You know why investments are occurring, what the primary driver is for those investments, and they help translate that for folks who are not involved day to day in planning the electricity system, that's our responsibility. What we're trying to communicate is why we're taking action where we're taking action. So those categories, in my mind, capture that really well. They also tie our investments to broad trends that people should be aware of, and they're a way to make sure that we have, you know, a clear baseline for a conversation as we proceed with those plans.   Trevor Freeman  11:18 Yeah, one thing I find, and you know, in my role, I talk to customers a lot, and I find these are fairly easy to explain, or at least, I hope they are, if you're listening and you disagree, let us know. But people can kind of get their heads around why the utility needs to do each of these four things, and some, in some ways, they align with other sectors as well. So I think, and I hope, as we carry on our conversation here, it'll be easy to sort of build out the picture of what we're doing in each of those four areas. So why don't we? Let's dive right in then and look at the specifics. And starting with growth and electrification, what are the specific investments that are planned to support the growing energy needs of our community, you know. And we've already started talking about electric vehicles, other electrified aspects of our lives, like, what? What falls into this category?   Guillaume Paradis  12:11 Yeah, so with respect to growth and electrification, um, there's a few underlying trends that drive the investment requirements. So as you've suggested, as you mentioned, you know, there's an evolution of how our customers use energy at home, day to day. EVS being obviously a primary example that everyone will be very aware of. Just, you know, driving around town, frankly, the difference in how regularly you'll see electric vehicles in our community relative to even five years ago is is pretty dramatic, and that is having a long term, you know, impact over time, likewise for technologies like heat pumps at home, and just generally, the growth of our community. So those elements just drive a longer-term trend of more demand being present in our community, within our system. And in addition to that, one big change that we've seen over the last few years is more large scale demand request coming into our service territory, typically, that will be large customers wanting to do something different with energy. So it could go. It could be driven by a few different kinds of corporate aspirations. What we're seeing a lot of are instances where large corporations decide, or institutions decide, to do away with more carbon intensive energy sources, so they will look to us and electricity to replace what previously would have been another fuel source that maybe is less green. So we're seeing that affecting choices some of those type of customers are making, and then at the same time, we're seeing just large requests related to a different type of energy demand. So companies wanting to, for example, bring back their R and D efforts to a data center that they operate and they control, so that they have more control over cybersecurity elements, and then, likewise, with where their data flows to and how it's being managed. So we're seeing large requests at a rate that we didn't previously, and that those requests are significant enough that they require us to make very major investments, like new substations, like building a. New feeders again at a pace that far outpaces what we've seen historically. So the underlying trend of more small demand creating an impact at the aggregate level, combined with those larger requests, that's creating a significant need for us to invest in responding to that growth in the electrification drivers within our system.   Trevor Freeman  15:29 Yeah, so this is in response to what we're seeing our customers do. And that's it's something that has come up before in conversation here. Of you know, we we respond to what we see our customers doing and what our customers are asking us. They're asking for more power. We have to respond to provide that more power. So this, this kind of area of investment, is really just building out the grid and all of the assets and infrastructure that are that make up the grid to be able to meet the needs of our customers, which are growing faster than they were previously? Is that fair to say?   Guillaume Paradis  16:05 Yeah, and for us, it's an interesting balancing act we have to find where we have to anticipate our customers' needs and the demand that's upon us, but we can't get ahead of it, because that would draw investments that potentially would, you know, later become stranded, or, you know, create a cost burden for our customers. So we have to know where the demand is going, and we have to be ready to respond and connect new customers, but we can't get too far ahead of it, because ultimately, you know, if we invest too soon, that's, you know, a burden for all our customers. So sometimes I, I would say there's that misconception that somehow, we're, we're creating our own forecast and believing our own forecast. And really, it's a bit simpler than that, we take in the request and we respond to those requests. We have to be able to look out a few years to make sure that we're not missing, you know, anything significant that would have an impact on our system, but we don't get too far ahead from an investment standpoint.   Trevor Freeman  17:19 Okay, so Guillaume, we've been talking about the more traditional aspects of our grid, you know, pulls, wires, transformers, et cetera. But I know that we're also looking at how we can deploy what we call non wire solutions to also help manage capacity on our grid. Can you just explain what some of these solutions are and how we're going to use them in conjunction with our traditional assets to manage grid needs.   Guillaume Paradis  17:43 Yeah, so normal alternatives are essentially the concept that without having to install traditional infrastructure, think poles, new Transformers, new cables, underground, you may be able to harvest existing resources within your footprint to help you manage operational needs. Be it like certain peaks that have a short duration, other scenarios of constraints where, rather than building net new infrastructure, which is expensive and time consuming, you might be able to optimize I'll call it the use of embedded resources in a manner that actually meets your operational objectives. So the way you would do that is by using combination of resources. Typically, you would look at small scale embedded storage. So if it exists in the system, you would actually leverage it if, if you could, otherwise, you might install some in a very targeted manner that helps you meet those operational needs. And then otherwise, you would leverage customer resources. So that's either existing generation that is owned by customers, or which is more typical, you know their ability to adjust their demand at certain times to meet your operational constraints. So the idea there is that you can do a business case, you can do an evaluation of what it would take to engage all these resources to get the same operational outcome as you would if you build the new infrastructure, and compare the two on a cost basis. And actually, in some instances, see scenarios where those non wire alternatives actually beat out large scale infrastructure upgrades from a financial standpoint. So it's, it's an evolving area. We have a few pockets within the city that we're targeting for programs like those ones, and we expect, over time, as more embedded resources proliferate, as more customer devices become controllable, we'll have a great. Greater opportunity, in fact, to leverage those non wire alternatives, or those non traditional solutions to meet our operational requirements.   Trevor Freeman  20:08 Great. So this is a combination of you know, Hydro Ottawa is planning to invest in in some assets, you know, be they battery or otherwise, on our side of the meter. We call that in front of the meter to help manage grid needs, while also looking for opportunities to partner with customers you know in the aggregate, so you know 100 or 1000 customers at once, to say if we need to call on your devices to either inject into the grid or to ramp back your operations, that will help us manage grid needs while the customer still maintains control. Is that fair to say?   Guillaume Paradis  20:47 Yeah, that's fair, and that's an emerging capacity we have. So if our ability to control and call upon a very large number of small devices and customer devices has grown and is growing and will be over the next few years. And with that, our capacity to then draw from those resources to respond to operational circumstances is also increasing and will give us options we just wouldn't have had in the past. So it's just a better way of utilizing available energy resources a more refined way, and one that probably wasn't available to us at scale 10 years ago.   Trevor Freeman  21:29 Yeah, and the driver behind all this is what's the best, most cost effective way to address that grid need? Some cases it's going to be the poles and wires and transformers. In some cases, it's going to be these non wire solutions, and it's part of the planning of the grid to identify where does each technology make sense.   Guillaume Paradis  21:50 Absolutely. So again, it's a more refined way of assessing options and ensuring that we identify the most cost effective strategies possible.   Trevor Freeman  22:02 Perfect, great. Okay, so that's the growth and electrification section. Let's move to aging infrastructure, which is about a third of this investment plan. So this may seem like a softball to start with, but what are some of the challenges posed by aging infrastructure? Maybe talk to us a little bit about what that infrastructure is when it comes to utility grid, and then what are what are we doing with this investment plan to address that aging infrastructure?   Guillaume Paradis  22:31 Yeah, so aging infrastructure is a very clear and appropriate descriptor here. So we invest in assets that are long lived, think 5060, years plus in some instances, and you know, eventually you use them, you leverage them over, you know, many decades. And at some point, those assets deteriorate beyond a point where they're no longer able to provide the service that our customers expect. So that would be failures, which leads to reliability issues in parts of our system. So one at one point or another in the life cycle of those assets, depending on how they're being used, what environment they are operated in, you have to replace them. What we try to do is assess them on a risk basis. And when we say risk, we mean, what impact can they have on our customers if they were to fail? Impacts can be things like safety risk. It could be, of course, reliability issues. It could limit our ability to service our customers. And so we assess risk on an ongoing basis, looking at those assets over decades. And eventually we get to a point where the risk has to be addressed, and that typically takes the form of or it can take the form of an outright replacement through the life cycle of all those assets, all of our assets. We do maintenance, we inspect them, we try to see if there are other things we can do before we replace them. But you get to a point ultimately, where the only option that's viable is to actually replace and then you have to go in and take action, physically in the field. Now what becomes a little complicated is, as you can imagine, it's one thing to put infrastructure up when a field being converted to a subdivision, or the city's growing and it's all brand new. You know, infrastructure being developed to support the growth, but decades later, when you come back, 60-70, years plus, in some cases, you're in someone's backyard. You're in the middle of an intersection where multiple utilities have installed their own infrastructure. So you have to coordinate that things have been moved over time. So getting access to the infrastructure is more difficult. Difficult, and so replacing many decades later is a lot more involved than putting up new infrastructure in the first place, and the type of infrastructure that we're talking about here probably falls into three major categories. So there's the overhead infrastructure you see around town. So really, when you and you shouldn't do that while you're driving, but if you're walking ideally, and you're looking at the beautiful hydro infrastructure around Ottawa, what you'll see are very old poles that need attention. So that's very visible, right? We have wood poles, you know, in a lot of the areas of our city, and you get to a point where structurally, they're not as strong as they used to be. They've weathered many storms, and they need attention. And then otherwise, it's the Transformers you might see on those poles. And that would be the boxes that are hanging from the poles, the ones that look like they, you know, predate the Cold War are the ones we're going after, and we need to give some attention to today. And then on the underground side, similar infrastructure, it's cables in in the ground, so in some instances, it's buried directly in someone's backyard. That was a an approach people took many decades back. Now, you can imagine it's very convenient when you're building it, but not so much when you're trying to get it out of the ground and put new cables into the ground. So there's cables that need replacing. They've, you know, been damaged or creating reliability issues. The transformers that go with that as well might need attention. And again, as I mentioned before, you know, decades later, that transformer may be right behind someone's pool in their backyard, and they've done some real nice landscaping, and accessing it for a replacement is a lot more complicated. So underground infrastructure, in fact, is one of the more complicated replacements to execute. And then, you know, if you move up from there, you're looking at substation equipment. So that's the stuff that's fenced in across the city where power is being delivered from to our customers across the city. And so those assets may be a bit less complicated in terms of managing sites and access, but certainly complicated in terms of logistics costs of the equipment. Those are very, very large assets that require a lot of planning to replace, because they're critical to our system, and we can't afford to have them be out of service too long.   Trevor Freeman  27:49 Got you and just for our listeners, while Guillaume talking, I pulled up a few quick stats here. So we, Hydro Ottawa on our service territory, has over 6000 kilometers of conductor so of wires and just under 50,000 poles out in our service territory. So as you can imagine, a lot of that is in great shape, and some of it isn't, and some of it needs to be addressed, just like you're talking about here Guillaume.   Guillaume Paradis  28:17 Yeah, and that's helpful. Trevor. The thing that we often forget, especially for electricity distribution, is the sheer number of assets that can create a risk. So it's one thing to manage one large transformer and make sure it doesn't fail, but when you're talking about 1000s of assets dispersed around a very large service territory like Ottawa, making sure that we keep an eye on all of them at all times, making sure that we intervene at the exact time prior to a failure, to make sure we deliver the best service possible for our customers. That's really the essence of our challenge and what makes distribution unique versus other parts of our business, where it's maybe more centralized and you may be looking at a smaller set of assets.   Trevor Freeman  29:04 Yeah, absolutely okay, so obviously, it's important to maintain what we've got, in addition to building out that new stuff that we talked about earlier, maintaining and replacing what we have, so that you know our existing grid remains reliable. The next section of our investment plan is what we call grid modernization. Now that's something that we've talked about to varying levels of detail on this show before, but I'd like you to talk us through what is in this investment plan over the next five years. When we talk about grid modernization, what are we actually doing? What are some of the specific things that we're gonna put some of our investment towards?   Guillaume Paradis  29:45 Yeah, so grid monetization is, is a category that gets talked about a lot, but maybe is, I would say, a bit misunderstood, I think, because it sounds futuristic, people assume we're doing a. And very different things. And ultimately, in my mind, it's better leveraging technology to get good outcomes for our customers. It's really that simple. So as you can imagine, you know, as I talked about, we're looking at assets that have expected life of 50- 60-70, years when some of our assets were first installed, things like communication technology, things like IT, operational technology, weren't as advanced as they are today. Our ability to collect data in real time was not what it is today, and so nada we're we have an opportunity to reinvest and replace all assets. It's important that we do so in a manner that will allow us to drive essentially more performance or better performance out of the assets we put in our system, so that can take various forms. As I mentioned, getting better real time information is one of those ways in which we can leverage technology, what that allows us to do is better respond to outages, offer a better service by being more aware of what's happening at any given point in time, getting better information in near real time as to what assets are posing a risk to reliability because they've been utilized heavily, or they've seen a lot of faults, for example. And so building in that technological infrastructure as a layer that enhances the traditional investments that we've always made is sort of the right thing to do in a context where you want to optimize where you spend your dollars, and you don't want to have to go back and reinvest on the same assets or in the same parts of our system multiple times, uh, over, you know, the coming years, in the coming decades. So the grid monetization portfolio, essentially is our opportunity to, you know, very strategically, identify where we can put in technology that will allow us to get more of our assets and provide a better service for our customers. So simple things like automated devices that would be automated switches that we install on our overhead infrastructure, underground infrastructure that gives us a capacity during an outage to shift demand around and resupply our customers more rapidly than we would have been able to otherwise, and that gives us a capacity to provide a better service under contingency scenario. So very simple, right? It's telemetry. It's communication to a device. And rather than have someone physically go in the field and, you know, switch customers and try to move demand around, we can do that remotely from our control center, likewise, in the control center, putting in more telemetry to identify and proactively suggest to our operators how to restore power to customers. Again, is a simple thing in by today's standard, right? It's not competent technology. It's not complicated software, but it's a layer that didn't exist previously, where we can have software, you know, model based. Its tool suggest how best to optimize the restoration of power. And as we do that, our trade operators get to review and take action in an informed manner. So grid, modernization, again, is about making the most of today's available technology while we reinvest in our distribution system to make sure that the quality of our service, and the breadth of the services we can provide align, well, going forward, with our customers aspirations, and provide a quality service for many decades to come.   Trevor Freeman  34:15 Yeah, and I think it's important to remember, and you know this, this little saying has been out there in the industry, and I've used it before. Of the electricity grid is the world's largest machine. Like the grid itself is a piece of technology, and like any technology, we would not be happy if it stayed stagnant, like we want it to evolve with the latest and greatest and operate better and more efficiently, and the grid is no different, and so part of grid modernization is just keeping up with what's out there to make sure we are delivering the service that we deliver in the best way, in the most advanced way, in the most efficient way possible. With that. Guillaume, what about things like, you know, we hear a lot about more distributed energy resources, so more small-scale generation or storage out there on the grid that might be owned by the utility, but it might not be. It might be customer owned. What are we doing from a grid modernization perspective, to enable more distributed energy resources to utilize that those assets more on our grid?   Guillaume Paradis  35:28 Yeah, so that's core to the evolution and we're proposing and working toward and and really, if you boil it down to, you know, simple kind of concept, it's really that traditionally, we've had a static model of how our grid needs to operate, and we planned accordingly. So, you know, power flows in one direction to certain size customers. They use electricity to use our energy, and then we protect, we coordinate, we control accordingly, and we're moving into an environment where customer behavior evolves in a dynamic fashion in near real time, depending on what prices are available in the electricity market, depending on what aspirations various Customers have, depending on what technology they want to deploy to manage their energy footprint, a customer may look different, really, from one day to the next, as far as the electricity system is concerned, because their demand might be less significant on a day where their solar panels are better able to generate energy on a day where they choose to leverage a large battery system that they've installed at their facilities to manage their demand. And so from an electricity system standpoint, we need a much better awareness of what is happening in near real time to be able to control and then respond and ultimately offer the right service for our customers. So that's a big change again, going back to the how we're going to enable that. It's again, the core elements of communication infrastructure, more telemetry, so that we can see what's happening in real time. Think sensors. Think smart meters. Think, you know, software system within our control room to take all that information, information in in real time and make sense of it, and then ultimately drive our decision making and support our customers in leveraging energy resources in an optimal way for their needs, by making sure that we're aware of what's happening and not create barriers that are artificial because we're not Sure, and when we're not sure, safety is paramount, and when you prioritize safety and you don't have information, you have to be very conservative in the decisions you make, and you may limit customers choices and behavioral, you know choices, by having to have that safety margin and that safety conscience kind of override everything else. So better telemetry, better real time information, more dynamic ways of controlling energy allow us to enable customers and support their aspirations ultimately,   Trevor Freeman  38:38 I mean, it really comes kind of full circle back to our job is to let our customers do what they want to do when it comes to energy, enable that, and that may be just making sure the power is there and available, but it also may be making sure that our grid is set up to allow them to generate and store and sort of interact with energy in the way that they want to. So those two things are quite parallel. Okay, great. Last category here is grid resilience, and this is an important one, and especially in the eyes of our customers, because, you know, we're that unique industry where most of the time, people don't think of us when they really do think about us, it's because the lights have gone off, because there's some event that has resulted in an outage. And I just want to ensure our customers, we try very, very hard to make sure that doesn't happen as much as we can't control everything. So we have this category of grid resilience in our investment plan, and we know that we're going to be seeing and we have already started to see more frequent extreme weather events that is increasing. It's not going down. So what are we doing in our investment plan, or what are we planning to do in order to enhance grid resiliency and withstand those extreme weather event?   Guillaume Paradis  40:01 Yeah, so the need for resilience, in my mind, comes from a couple places. So, you know, there are drivers that are external, so the operating environment is evolving to your point. We've seen a number of very impactful weather events over the last few years, whether it be historically impactful ice storms, we've seen tornadoes in our service territory in a way that we didn't previously. We saw derecho a couple years ago, which was, you know, by some measure, the most impactful storm in the history of our company. And so, we know what we plan to withstand has evolved, and we need to reflect that in the decisions we make when we invest in our infrastructure. That can take a few forms, but for grid resilience, we're targeting specific investments so we can identify, and have identified areas of our system that are more vulnerable. Imagine overhead infrastructure that is more exposed to stronger winds. And so, we can go in there and then target those areas, target those segments of our system and make them more robust, more resistant to those external factors. And so, we have assessed our entire service territory. We've studied, you know, our vulnerability to changing patterns, to changing weather events, and in a very targeted manner, identified areas where we'll take action over the next five years to boost resilience of our electricity system in those scenarios, and really just generally. The other element is, you know, while those external factors are evolving and creating a stress on our system, we're also seeing people's dependence on electricity is availability continue to grow, right? So, you know, we've been through this many times at this point, and I'm sure it's been covered on on this podcast a number of times. But you know, people's, you know, need for highly and readily available electricity continues to go up. Think, you know, remote work. Think our utilization of, you know, the internet and the technologies that support that people need access to power, you know, on an ongoing basis for a variety of reasons that support their lifestyles. And so, while the external factors have become and are becoming more challenging and creating a stress, we're also seeing customers relying more heavily on our service being available, and so those things combined make it sort of an imperative that we take action and ensure that our system is robust and can withstand those conditions that are upon us. So, we change our planning approach. We evolve our choices with respect to investments. It could be simpler things than you know, targeting areas and replacing specific infrastructure. It could be as simple as changing our standards so that when we install a new poll, we know that it can withstand harsher winds and heavier ice loading parameters, and we do that across all our investments. So that's a key point here, with respect to grid resilience. Yes, we have a targeted, sort of very strategic approach to building resilience, but we also do that across all our investment categories when we put money in our distribution system to make sure that, similar to the point we made about technology, you know, we invest in assets that will, you know, outlive many of us, and they need to be adequate and appropriate for the environment in which they will operate long term. So we change, you know, the choices we make. We change the materials we use to build the infrastructure that we put in our system, so that ultimately the service levels and service quality that our customers get to enjoy, you know, meets their expectations for decades to come.   Trevor Freeman  44:47 I think the idea like it's good that we have called out specifically some activities targeted at group resilience, but some of the other stuff that we've already talked about all. Support resilience. And you mentioned in the grid modernization part, you know, part of that is restoring power to most customers quicker in our growth and electrification part, I mean making sure that our grid can handle the new loads also lends itself to resiliency. So, all of this is in service of making sure that power is there for our customers when they need it, how they need it, and done in a sort of safe and affordable way. That's the goal of all these categories together.   Guillaume Paradis  45:33 Yeah, absolutely the you know, going back to the earlier point, the categories are helpful in identifying the major drivers. But ultimately, to your point, Trevor, they all support each other, and when our team plans the future of electricity system, they do so in an integrated manner that considers the various benefits that we can achieve by taking action and putting more money in our distribution system?   Trevor Freeman  46:02 Yeah, great. So that's a nice segue into his next question, which is, of course, there's a cost for this, and this is why it is an investment plan. We're out there outlining, these are our targets. This is what we want to do, but there's a cost to that. And so if we don't do this. If we said, look, we just can't put that extra investment into these areas. What are the implications on the grid, on our service? And let's look at kind of like quality of service, reliability, safety, et cetera, if we don't make these investments that we are identifying right now.   Guillaume Paradis  46:41 Yeah, so it's pretty direct, right? We what we've done for the in preparation for our rate application, in preparation for to develop our plans for 2026 to 2030 is we've considered all the needs. We've looked at how old the assets are, how quickly they're deteriorating, how many might require replacement over the next five years. What would be an appropriate race rate of replacement to ensure that we don't let let risk build up in our system, we don't cause reliability issues. We've looked at making how we make sure that we can provide service to our customers, that we can connect them in a timely, timely manner, that we can do all those things in a fashion that is safe and ensures the safety of the public, our customers. And so a lot of thought goes into what is required over the next five years, and then on top of those factors and considerations, we also look at what impact will this have financially on our customers, because we're mindful that our service does affect, you know, our customers lives, yes, in a positive manner When our services reliable and power is available, but also financially from a cost standpoint, we add to other pressures that everyone experiences in their lives. And so we want to be very judicious in setting the size of our programs the level of investments in managing those various factors, right? So we have a multifaceted responsibility, and we weigh all those factors in in our or in setting the plans for the future. So doing so looking five years out, as you can probably imagine, you know, if we didn't constrain the plans. If we just did everything our planning engineers would like to do, we would have spent probably another 50% more than what is in the current plan. So looking at old assets, looking at the service levels we want to deliver, we could have spent a significantly larger amount of money if it was purely based on, we'll call them planning, you know, drivers. But as I said, we are mindful that we're responsible for the quality of our service on behalf of all our customers. And we took a very deliberate, you know, extensive approach to adjusting the program size to match the various considerations and ultimately manage the impact on our customers from a financial standpoint. And so we landed where we are after some measure of restraint, some measure of adjustments, down to the plans that would otherwise have been put in place. So thinking about what the outcomes would be if we didn't take the actions we're proposing. You know, it's pretty direct, if you think about it, and we've covered most of them, but it. Just from difficulties in connecting and delivering power to new customers in a timely manner, so that can have impacts with respect to economic development and growth of our community so fairly direct, and frankly, it's our obligation to connect. So we would do everything we can to provide power, but it might just be more difficult take more time on the reliability front. Again, what happens when you don't replace old assets is the failure risks continue to build in your system. So an 80 year old wood pole doesn't get any younger and does it get any stronger if you wait five, six more years? And so as I said, we do a risk assessment before we choose to invest, and our risk assessments tell us that we need to take action on those type of assets. And, you know, take action in a timely manner. If we don't, what is likely to happen is that in a storm scenario, those polls that are deteriorated are more likely to fail, even in normal conditions, it's likely that we would see more failures that could lead to reliability issues, and so just a direct impact on the quality of our service for customers with respect to other outcomes like enabling customers and supporting them in integrating more embedded energy resources. That might just become more difficult, as I said earlier, when we're don't have good real time awareness, we have to err on the side of caution and be more conservative in our management of the system, and that might mean restrictions on where and how we can integrate renewable energy resources. And then ultimately, you know, the paramount consideration for us is always safety, and that's an area where we would just have to be even more vigilant if we couldn't reinvest so old assets, you know, are inherently more likely to create failure risks, and failures can lead to undesirable outcomes from a safety standpoint. So we would have to, and already do, but be very vigilant in monitoring those assets, looking at them, looking at what we can do from a maintenance standpoint to ensure that they don't fail in a manner that would be problematic. So we would be, and are always, very active in looking at those riskier assets, those older assets, to make sure they don't cause problems. But reducing investment levels from what is being proposed now, reducing them further relative to, as I said, the planning levels we would have liked to put forward would have real consequences, and of course, we would do everything we can to manage those consequences and ensure that, you know, we continue to deliver the best service we can. But that would become more difficult than it is today.   Trevor Freeman  53:15 I appreciate that that context of you know, you like me, like energy, and we want to do all the cool things, and we want to have the system that is absolutely able to handle every eventuality, but we have to balance that with what is the right level of investment, what is the right pace to go at? And I think, you know, having seen the process, there's been a lot of work over the last year plus to find that balance, and I think we've, we've hit that balance in terms of being able to move the ball forward while trying to maintain that sort of affordability aspect for customers. Last question here to kind of wrap it all up, and we've touched on this a few times in some of the other questions, but how does our investment plan align with that broader energy transition that that we talk about? You know, decarbonizing, reducing emissions, increasing sort of customer flexibility when it comes to their own generation and storage. And what role do you see Hydro Ottawa playing moving forward in that? And I know that this has already gotten a little bit of attention, but I'll give you a chance just to kind of tie a nice little bow around it at the end.   Guillaume Paradis  54:39 Yeah. So to your point, we did cover a few elements, how we enable those you know, sustainability aspirations. But you know it ranges from making it possible for large customers to shift a significant portion of their energy demand to a lower. A carbon source like electricity. So again, think a customer who would use natural gas for their facilities, and you know, for corporate reasons, decides to use electricity instead us connecting that extra demand and delivering power to them allows them to lower their foot their carbon footprint. So that would be on high end in terms of size and impact, all the way to enabling customers to install different technologies on their homes, within their homes, to reduce their carbon footprint and change how they use energy. So it could be as simple as buying EV and making sure that power is available within that neighborhood to supply demand from that EV. It could be them installing solar panels on their roof and try to export power back to us. And so that would tie to the earlier point around visibility and real time awareness that we need to have to make sure that we can make that possible. So again, you know the energy system, the electricity system is integrated in so many ways, and enabling our customers to achieve their sustainability outcomes, their desired outcomes in terms of energy use, comes from planning the energy system, the electricity distribution system, in a manner that supports that and that permits it. So again, going back to some categories, the grid modernization that we spoke about earlier fits right in there. So being aware allows us to allow and enable customers, and that becomes critical again, in an environment where things are very dynamic, and we want to support that dynamism, and we need to do so in a manner that's safe. So we need information, and we need technology that allows us to go get that information to support the decision making. So as we said, all the investments we're proposing in one way or another will support our supporting those decarbonization and emission reduction objectives that we all have.   Trevor Freeman  57:26 Right, yeah, it really comes back to the idea of us being and this is something that I certainly talk to our customers about. A lot of us being partners with our customers when it comes to their energy journeys, and that can be very active partners in the sense of the word, where we are involved in helping make decisions together on technology or strategies, or it can be very passive in that kind of residential model that you talked about, of just making sure the grid can be there in the way that the customer wants it to be there, and that's still a partnership that that we need to lean into and that we are kind of through this investment plan.   Guillaume Paradis  58:07 We're essentially underpinning people's aspirations when it comes to energy, and so we're there to make it possible for them to do what they're hoping to do. And you're absolutely right. We're seeing both ends of those conversations where some you know, go about their own choices and really don't need us involved, and our responsibility there is to make sure that we don't create a roadblock by not being prepared and not being equipped to respond to you know how they want to change their behavior, all the way to that partnership, where it's a very involved conversation, we're being brought in to fully explore all the options and work with stakeholders in essentially demystifying, or maybe more specifically, sort of see through some of the complexity that exists today in an environment that is much more dynamic again and offers a lot more options than people would have seen a few decades ago.   Trevor Freeman  59:11 Fantastic. Well, Guillaume, I think we'll leave it there. This has been great, and I appreciate you taking the time to help pick apart you know what? What can be a pretty complex, lengthy plan, but really boils down to building out the grid, continuing to do the great work that that the folks at Hydro Ottawa do, while also preparing for the future. So I appreciate your insight into this. As our listeners know we always end these interviews with a series of questions, and you're no different. So I'm going to dive, dive right into that. So Guillaume, what is a book that you've read that you think everyone should read?   Guillaume Paradis  59:54 Yeah, so I'm probably going to get his name wrong, or at least the pronunciation, but it's a book called How The World Really Works by Vaclav Smil. Essentially, you know, he's a very pragmatic thinker with respect to how systems work, how our world is integrated, from a supply standpoint, from a geopolitical standpoint, and how that leads to outcomes in the real world. And think things like energy, think things like food supply. And what I like with his approach is that he breaks thing that things down, sort of from a first principle standpoint, to try to help explain why certain things may or may not be possible, and in an environment where, and maybe that's just my perspective, but I think today, there's a lot of big picture, you know, broad opinions being shared by people who may or may not always be very knowledgeable or have the expertise in certain fields. It's nice to see someone kind of break things down to then try to support, or in some cases, dispel certain misconceptions. So really nice approach. He has a number of books that are similar in nature, some cases a bit dense to read through, frankly, but I would say the how the world really works, book is easier to digest and it's it's a good entry into kind of his works and his approach to his studies. The other thing that's a plus maybe, is that he's based out of Winnipeg in Canadians, so it's great to have a mind like his, you know, contributing to the discourse in Canada.   Trevor Freeman  1:01:59 Awesome. So same question, but for a movie or a show, what's a movie or show that you think everyone should check out?   Guillaume Paradis  1:02:05 Yeah, that's a little harder. I think maybe I'll go to an old classic. For me. I'm always impressed with extreme creativity, I'll call it - in whatever forms. I think it's neat to see how people can envision a world - or create a world. And so an example for me was the Grand Budapest Hotel movie by Wes Anderson, so I think people are familiar with his work by now. I just like the combination of humor color, color like the creation of a world that doesn't quite exist but resembles one we might know. And just, you know, it's, it's a way of expressing oneself that is so interesting, so different. He does it really, really well. And, you know, I find it sort of like awe inspiring to go back to those kinds of movies and look at, certainly, there's all sorts of good content these days that's being produced, but I think this one is kind of withstood the test of time so far and kind of brings you to a different place. So I'll point to that.   Trevor Freeman  1:03:17 Yeah, it's one of those where it's not just about the story. Watching that movie is a bit of an experience. And all the ways that you just said, you know, there's like, an artificial aspect to it. There's that sort of mental, emotional side of it, and then there's the story itself, with the humor and everything. So yeah, that's a great one. I really like that.   Guillaume Paradis  1:03:35 Always fascinating to think someone was able to come up with that, right? Like that. Yeah, totally have all like, the attention to details, the way in which the storylines are integrated, the way in which the decors, the images are graphed like it's just remarkable. And, and I think in anything, it's really cool to see people who are sort of masters at their art, right? And whatever for and there's all sorts of other examples. But that one, you know, came to mind.   Trevor Freeman  1:04:09 Yeah, very cool. If you had a free round trip flight anywhere in the world, where would you go?   Guillaume Paradis  1:04:13 I think for me, it'd be somewhere very far north. I think it's on the list somewhere for the next few years, but just getting access to lands scenery that you wouldn't otherwise is really cool concept, maybe even spaces that are a bit less impacted by human you know, behavior and presence. So I just think a flight to somewhere random that maybe doesn't even have a name, but is in between two small villages that can only be accessed by a plane. I think that would be cool.   Trevor Freeman  1:04:58 Yeah, that does sound very cool. I like that. Who is someone that you admire?   Guillaume Paradis  1:05:03 Yeah, so my wife, for sure, I think that's sort of the foundation of a healthy relationship. You should have some admiration for your partner, and I absolutely do more generally. I would just point to anyone in our lives, and I think we all know people like that who spend a large amount of their time making other people's lives better. I could pick, you know, a celebrity of some kind, or politician of some kind, or even a historical figure, but, you know, I think in general, it doesn't have to be that complicated, people who just invest a lot of their time making sure others lives are better. I think that's something we should all admire, aspire to, you know, emulate, if we can, and just recognize as well. Because a lot of the times people do that, the people who do it well, don't do it for recognition. It doesn't mean they don't deserve it. And I think we should kind of try to promote it, you know, recognize it in our lives, and encourage it and emulate it, if we can.   Trevor Freeman  1:06:20 Fantastic. Well said. Last question, what is something about the energy sector or its future that you are particularly excited about?   Guillaume Paradis  1:06:25 Yeah, so I've been in the sector for about 20 years now, in fact, longer than that. My father worked for Hydro Quebec for many decades. So think we spent a lot of time talking about the future and getting excited about a future that was to come, and just the fact that we're living it now that we're actually shaping it, is pretty exciting, maybe even not appreciated to its full extent. And I think having a chance to contribute now is really awesome, and to whatever extent we can as well, I'm trying to encourage as many people as possible to join our sector, bring various backgrounds, you know, expertise, knowledge to helping us make decisions about how energy is going to be used in our society going forward, and how we can make the most this confluence of factors that create the window of opportunity to change things and make them evolve. And so for those of us who are part of it, let's not take it for granted, and let's make sure that we contribute to the full extent of our capabilities.   Trevor Freeman  1:07:45 Awesome, great, great way to wrap this up, I agree completely. Guillaume, thanks so much for your time. I really appreciate it. And sharing your thoughts with us. Really appreciate you coming on the show.   Guillaume Paradis  1:07:56 Thanks. Trevor, pleasure.   Trevor Freeman  1:07:59 Great take care. Well, there you have it everybody that was our last episode of the season before our summer break. Our regular listeners will know that we typically take a break over the summer to regroup and work on content and plan out the next year. But don't worry, we will be still releasing episodes every two weeks. They will just be rewind episodes, and we'll take a look back at some of our favorite episodes or things that we feel are particularly relevant for what's going on right now. So keep tuning in and listen to those, and we will be back with brand new content in September. Take care and have a safe summer. Thanks for tuning in to another episode of the thinkenergy podcast. Don't forget to subscribe wherever you listen to podcasts, and it would be great if you could leave us a review and review. It really helps to spread the word. As always, we would love to hear from you, whether it's feedback, comments or an idea for a show or a guest. You can always reach us at thinkenergy@hydroottawa.com.

Robert and Francis talk about the ongoing changes to the energy sector and how they can make the right adjustments today to turn them into Future Creators tomorrow.

In this episode of The Future of ERP, host Richard Howells welcomes Sakis Tabakis from E.ON Digital Technology and Max English of PwC to explore how cutting-edge cloud ERP and Generative AI are reshaping financial excellence. Sakis shares how E.ON's Digital Lighthouse project is not just about technology upgrades - it's a strategic foundation for agility in a fast-moving energy sector. The trio dive into how SAP Datasphere, SAP PAPM, and AI-driven insights create a unified, reliable data platform that breaks down silos, ensures compliance, and empowers smarter decisions in real time. Sakis highlights a bold vision: “The future of ERP is invisible. It thinks before you do, it speaks your language, and it acts when it really matters.” Max emphasizes the human side of digital transformation, reminding listeners that embracing AI means gaining efficiency and trusting technology as an enabler - not a threat. Whether you're curious about AI's impact on finance or the future of cloud ERP, this episode offers inspiring lessons and practical insights. Tune in and discover what's next for enterprise systems in a rapidly changing world!

Many of my listeners are passionate about real-world impact — not just in decarbonisation, but in delivering real, tangible transformation to underserved communities. In this week's episode, I speak with Safiya Aliyu, General Manager at Susei Renewable Energies and Country Director of the Mata Ariwan Susei Initiative. Her journey is a powerful reminder that energy access isn't just about infrastructure — it's about dignity, opportunity, and long-term economic growth.We explore what it takes to electrify remote Nigerian villages, the real cost of raising funds, and how community ownership transforms energy projects into vehicles for sustainable livelihoods. Safiya also opens up about the personal sacrifices, systemic hurdles, and quiet resilience that fuel her mission.

There's Government confidence new energy sector regulations will pressure down power prices. Under Electricity Authority rule changes, our big four power companies must charge everyone the same price for supplying energy. It's to stop the big gentailers giving themselves power discounts - and getting a competitive edge. Energy Minister Simon Watts says it levels the playing field. "The fact that these big gentailers can, in effect, cross-subsidise themselves means that the smaller players aren't getting a fair deal. These rules will stop them doing that, and as a result, we'll see more competition." LISTEN ABOVESee omnystudio.com/listener for privacy information.

If you're applying for jobs in the energy sector—whether you're a graduate or experienced professional—this episode is worth your time. I sat down with Simon Winfield, former CEO of Hays UK & Ireland, to explore how artificial intelligence is really affecting recruitment, what employers look for in CVs and cover letters, and how jobseekers can stand out in an increasingly automated landscape.Simon also shared candid advice on navigating today's job market, why chasing “phantom roles” can waste your time, and how younger workers can align their values with employers driving energy transition and climate action.

The Experience & Resolution | Infinite Waves | Calgary BusinessIn this episode of the Infinite Waves podcast, host Russell Motha is joined by Dwayne Caldwell, a leader in the Energy sector. Dwayne leads a team that supports over half a million homes and nearly 50,000 businesses, ensuring exceptional customer experiences across the utility sector. In this conversation, Dwayne shares his journey from the financial services industry to utilities, the intersection of technology and customer experience, and the future of AI in transforming customer service. He discusses the importance of empathy, technology's role in customer experience, and his vision for a more connected and customer-centric world. Don't miss Dwayne's insights on leadership, innovation, and the evolving expectations of customers. Stay tuned for more forward-thinking discussions on innovation and technology with Creative Innovations Lab!#YYCBusiness #CustomerExperience #AI #Innovation #FutureOfWork #Leadership #Technology #UtilityIndustry #CustomerCare #InfiniteWaves #CustomerService #TechInBusiness #BusinessTransformationA bit about our guest: Dwayne Caldwell is the Director of Customer Care with a Leading Company in the Energy Sector, where he leads a team supporting over half a million homes and nearly 50,000 businesses. With a background in both financial services and utilities, Dwayne is passionate about transforming customer experiences through technology and fostering a culture of empathy and innovation.Connect with Dwayne on LinkedIn: https://www.linkedin.com/in/dwayne-calder-9036b46About Russell & Infinite Waves: Russell is the Account Executive with Kr8ive Innovations Lab where he builds sales strategies to penetrate new markets with the latest technologies and AI, reach industry leaders, and collaborate with our solutions in various industries.Connect with Russell on LinkedIn at: https://www.linkedin.com/in/russellmothaInfinite Waves podcast is to build a platform that captures industry directions and real experiences from leaders while inspiring one of the world's most preferred tech cities. Throughthese insights, I aim to motivate new startups and contribute to shaping a vibrant and innovative future. As an interviewer, Russell is the ideal choice to share your knowledge and experience in leading a business to success. Promote your brand and story on Infinite Waves and: -Reach a global audience via the YYC Business website and the MegaPixxMedia YouTube channel. -Gain additional viewers of your Culture Hack episodes through free publication on YYC Business social media platforms. -Download your Culture Hack episode to your personal and company social media pages. Episodes are also available in podcast format and you can listen to them on Spotify, Apple Podcast, and Google Podcasts. Filmed and edited by ENTA Solutions https://www.entasolutions.org

Summer rewind: Greg Lindsay is an urban tech expert and a Senior Fellow at MIT. He's also a two-time Jeopardy champion and the only human to go undefeated against IBM's Watson. Greg joins thinkenergy to talk about how artificial intelligence (AI) is reshaping how we manage, consume, and produce energy—from personal devices to provincial grids, its rapid growth to the rising energy demand from AI itself. Listen in to learn how AI impacts our energy systems and what it means individually and industry-wide. Related links: ●       Greg Lindsay website: https://greglindsay.org/ ●       Greg Lindsay on LinkedIn: https://www.linkedin.com/in/greg-lindsay-8b16952/ ●       International Energy Agency (IEA): https://www.iea.org/ ●       Trevor Freeman on LinkedIn: https://www.linkedin.com/in/trevor-freeman-p-eng-cem-leed-ap-8b612114/ ●       Hydro Ottawa: https://hydroottawa.com/en    To subscribe using Apple Podcasts: https://podcasts.apple.com/us/podcast/thinkenergy/id1465129405   To subscribe using Spotify: https://open.spotify.com/show/7wFz7rdR8Gq3f2WOafjxpl   To subscribe on Libsyn: http://thinkenergy.libsyn.com/ --- Subscribe so you don't miss a video: https://www.youtube.com/user/hydroottawalimited   Follow along on Instagram: https://www.instagram.com/hydroottawa   Stay in the know on Facebook: https://www.facebook.com/HydroOttawa   Keep up with the posts on X: https://twitter.com/thinkenergypod --- Transcript: Trevor Freeman  00:00 Hi everyone. Well, summer is here, and the think energy team is stepping back a bit to recharge and plan out some content for the next season. We hope all of you get some much needed downtime as well, but we aren't planning on leaving you hanging over the next few months, we will be re releasing some of our favorite episodes from the past year that we think really highlight innovation, sustainability and community. These episodes highlight the changing nature of how we use and manage energy, and the investments needed to expand, modernize and strengthen our grid in response to that. All of this driven by people and our changing needs and relationship to energy as we move forward into a cleaner, more electrified future, the energy transition, as we talk about many times on this show. Thanks so much for listening, and we'll be back with all new content in September. Until then, happy listening.   Trevor Freeman  00:55 Welcome to think energy, a podcast that dives into the fast changing world of energy through conversations with industry leaders, innovators and people on the front lines of the energy transition. Join me, Trevor Freeman, as I explore the traditional, unconventional and up and coming facets of the energy industry. If you have any thoughts feedback or ideas for topics we should cover, please reach out to us at think energy at hydro ottawa.com, Hi everyone. Welcome back. Artificial intelligence, or AI, is a term that you're likely seeing and hearing everywhere today, and with good reason, the effectiveness and efficiency of today's AI, along with the ever increasing applications and use cases mean that in just the past few years, AI went from being a little bit fringe, maybe a little bit theoretical to very real and likely touching everyone's day to day lives in ways that we don't even notice, and we're just at the beginning of what looks to be a wave of many different ways that AI will shape and influence our society and our lives in the years to come. And the world of energy is no different. AI has the potential to change how we manage energy at all levels, from our individual devices and homes and businesses all the way up to our grids at the local, provincial and even national and international levels. At the same time, AI is also a massive consumer of energy, and the proliferation of AI data centers is putting pressure on utilities for more and more power at an unprecedented pace. But before we dive into all that, I also think it will be helpful to define what AI is. After all, the term isn't new. Like me, many of our listeners may have grown up hearing about Skynet from Terminator, or how from 2001 A Space Odyssey, but those malignant, almost sentient versions of AI aren't really what we're talking about here today. And to help shed some light on both what AI is as well as what it can do and how it might influence the world of energy, my guest today is Greg Lindsay, to put it in technical jargon, Greg's bio is super neat, so I do want to take time to run through it properly. Greg is a non resident Senior Fellow of MIT's future urban collectives lab Arizona State University's threat casting lab and the Atlantic Council's Scowcroft center for strategy and security. Most recently, he was a 2022-2023 urban tech Fellow at Cornell Tech's Jacobs Institute, where he explored the implications of AI and augmented reality at an urban scale. Previously, he was an urbanist in resident, which is a pretty cool title, at BMW minis urban tech accelerator, urban X, as well as the director of Applied Research at Montreal's new cities and Founding Director of Strategy at its mobility focused offshoot, co motion. He's advised such firms as Intel, Samsung, Audi, Hyundai, IKEA and Starbucks, along with numerous government entities such as 10 Downing Street, us, Department of Energy and NATO. And finally, and maybe coolest of all, Greg is also a two time Jeopardy champion and the only human to go undefeated against IBM's Watson. So on that note, Greg Lindsey, welcome to the show.   Greg Lindsay  04:14 Great to be here. Thanks for having me. Trevor,   Trevor Freeman  04:16 So Greg, we're here to talk about AI and the impacts that AI is going to have on energy, but AI is a bit of one of those buzzwords that we hear out there in a number of different spheres today. So let's start by setting the stage of what exactly we're talking about. So what do we mean when we say AI or artificial intelligence?   Speaker 1  04:37 Well, I'd say the first thing to keep in mind is that it is neither artificial nor intelligence. It's actually composites of many human hands making it. And of course, it's not truly intelligent either. I think there's at least two definitions for the layman's purposes. One is statistical machine learning. You know that is the previous generation of AI, we could say, doing deep, deep statistical analysis, looking for patterns fitting to. Patterns doing prediction. There's a great book, actually, by some ut professors at monk called prediction machines, which that was a great way of thinking about machine learning and sense of being able to do large scale prediction at scale. And that's how I imagine hydro, Ottawa and others are using this to model out network efficiencies and predictive maintenance and all these great uses. And then the newer, trendier version, of course, is large language models, your quads, your chat gpts, your others, which are based on transformer models, which is a whole series of work that many Canadians worked on, including Geoffrey Hinton and others. And this is what has produced the seemingly magical abilities to produce text and images on demand and large scale analysis. And that is the real power hungry beast that we think of as AI today.   Trevor Freeman  05:42 Right! So different types of AI. I just want to pick those apart a little bit. When you say machine learning, it's kind of being able to repetitively look at something or a set of data over and over and over again. And because it's a computer, it can do it, you know, 1000s or millions of times a second, and learn what, learn how to make decisions based on that. Is that fair to say?   Greg Lindsay  06:06 That's fair to say. And the thing about that is, is like you can train it on an output that you already know, large language models are just vomiting up large parts of pattern recognition, which, again, can feel like magic because of our own human brains doing it. But yeah, machine learning, you can, you know, you can train it to achieve outcomes. You can overfit the models where it like it's trained too much in the past, but, yeah, it's a large scale probabilistic prediction of things, which makes it so powerful for certain uses.   Trevor Freeman  06:26 Yeah, one of the neatest explanations or examples I've seen is, you know, you've got these language models where it seems like this AI, whether it's chat, DBT or whatever, is writing really well, like, you know, it's improving our writing. It's making things sound better. And it seems like it's got a brain behind it, but really, what it's doing is it's going out there saying, What have millions or billions of other people written like this? And how can I take the best things of that? And it can just do that really quickly, and it's learned that that model, so that's super helpful to understand what we're talking about here. So obviously, in your work, you look at the impact of AI on a number of different aspects of our world, our society. What we're talking about here today is particularly the impact of AI when it comes to energy. And I'd like to kind of bucketize our conversation a little bit today, and the first area I want to look at is, what will ai do when it comes to energy for the average Canadian? Let's say so in my home, in my business, how I move around? So I'll start with that. It's kind of a high level conversation. Let's start talking about the different ways that AI will impact you know that our average listener here?   Speaker 1  07:41 Um, yeah, I mean, we can get into a discussion about what it means for the average Canadian, and then also, of course, what it means for Canada in the world as well, because I just got back from South by Southwest in Austin, and, you know, for the second, third year in row, AI was on everyone's lips. But really it's the energy. Is the is the bottleneck. It's the forcing factor. Everyone talked about it, the fact that all the data centers we can get into that are going to be built in the direction of energy. So, so, yeah, energy holds the key to the puzzle there. But, um, you know, from the average gain standpoint, I mean, it's a question of, like, how will these tools actually play out, you know, inside of the companies that are using this, right? And that was a whole other discussion too. It's like, okay, we've been playing around with these tools for two, three years now, what do they actually use to deliver value of your large language model? So I've been saying this for 10 years. If you look at the older stuff you could start with, like smart thermostats, even look at the potential savings of this, of basically using machine learning to optimize, you know, grid optimize patterns of usage, understanding, you know, the ebbs and flows of the grid, and being able to, you know, basically send instructions back and forth. So you know there's stats. You know that, basically you know that you know you could save 10 to 25% of electricity bills. You know, based on this, you could reduce your heating bills by 10 to 15% again, it's basically using this at very large scales of the scale of hydro Ottawa, bigger, to understand this sort of pattern usage. But even then, like understanding like how weather forecasts change, and pulling that data back in to basically make fine tuning adjustments to the thermostats and things like that. So that's one stands out. And then, you know, we can think about longer term. I mean, yeah, lots have been lots has been done on imagining, like electric mobility, of course, huge in Canada, and what that's done to sort of change the overall energy mix virtual power plants. This is something that I've studied, and we've been writing about at Fast Company. At Fast Company beyond for 20 years, imagining not just, you know, the ability to basically, you know, feed renewable electricity back into the grid from people's solar or from whatever sources they have there, but the ability of utilities to basically go in and fine tune, to have that sort of demand shaping as well. And then I think the most interesting stuff, at least in demos, and also blockchain, which has had many theoretical uses, and I've got to see a real one. But one of the best theoretical ones was being able to create neighborhood scale utilities. Basically my cul de sac could have one, and we could trade clean electrons off of our solar panels through our batteries and home scale batteries, using Blockchain to basically balance this out. Yeah, so there's lots of potential, but yeah, it comes back to the notion of people want cheaper utility bills. I did this piece 10 years ago for the Atlantic Council on this we looked at a multi country survey, and the only reason anybody wanted a smart home, which they just were completely skeptical about, was to get those cheaper utility bills. So people pay for that.   Trevor Freeman  10:19 I think it's an important thing to remember, obviously, especially for like the nerds like me, who part of my driver is, I like that cool new tech. I like that thing that I can play with and see my data. But for most people, no matter what we're talking about here, when it comes to that next technology, the goal is make my life a little bit easier, give me more time or whatever, and make things cheaper. And I think especially in the energy space, people aren't putting solar panels on their roof because it looks great. And, yeah, maybe people do think it looks great, but they're putting it up there because they want cheaper electricity. And it's going to be the same when it comes to batteries. You know, there's that add on of resiliency and reliability, but at the end of the day, yeah, I want my bill to be cheaper. And what I'm hearing from you is some of the things we've already seen, like smart thermostats get better as AI gets better. Is that fair to say?   Greg Lindsay  11:12 Well, yeah, on the machine learning side, that you know, you get ever larger data points. This is why data is the coin of the realm. This is why there's a race to collect data on everything. Is why every business model is data collection and everything. Because, yes, not only can they get better, but of course, you know, you compile enough and eventually start finding statistical inferences you never meant to look for. And this is why I've been involved. Just as a side note, for example, of cities that have tried to implement their own data collection of electric scooters and eventually electric vehicles so they could understand these kinds of patterns, it's really the key to anything. And so it's that efficiency throughput which raises some really interesting philosophical questions, particularly about AI like, this is the whole discussion on deep seek. Like, if you make the models more efficient, do you have a Jevons paradox, which is the paradox of, like, the more energy you save through efficiency, the more you consume because you've made it cheaper. So what does this mean that you know that Canadian energy consumption is likely to go up the cleaner and cheaper the electrons get. It's one of those bedeviling sort of functions.   Trevor Freeman  12:06 Yeah interesting. That's definitely an interesting way of looking at it. And you referenced this earlier, and I will talk about this. But at the macro level, the amount of energy needed for these, you know, AI data centers in order to do all this stuff is, you know, we're seeing that explode.   Greg Lindsay  12:22 Yeah, I don't know that. Canadian statistics my fingertips, but I brought this up at Fast Company, like, you know, the IEA, I think International Energy Agency, you know, reported a 4.3% growth in the global electricity grid last year, and it's gonna be 4% this year. That does not sound like much. That is the equivalent of Japan. We're adding in Japan every year to the grid for at least the next two to three years. Wow. And that, you know, that's global South, air conditioning and other needs here too, but that the data centers on top is like the tip of the spear. It's changed all this consumption behavior, where now we're seeing mothballed coal plants and new plants and Three Mile Island come back online, as this race for locking up electrons, for, you know, the race to build God basically, the number of people in AI who think they're literally going to build weekly godlike intelligences, they'll, they won't stop at any expense. And so they will buy as much energy as they can get.   Trevor Freeman  13:09 Yeah, well, we'll get to that kind of grid side of things in a minute. Let's stay at the home first. So when I look at my house, we talked about smart thermostats. We're seeing more and more automation when it comes to our homes. You know, we can program our lights and our door locks and all this kind of stuff. What does ai do in order to make sure that stuff is contributing to efficiency? So I want to do all those fun things, but use the least amount of energy possible.   Greg Lindsay  13:38 Well, you know, I mean, there's, again, there's various metrics there to basically, sort of, you know, program your lights. And, you know, Nest is, you know, Google. Nest is an example of this one, too, in terms of basically learning your ebb and flow and then figuring out how to optimize it over the course of the day. So you can do that, you know, we've seen, again, like the home level. We've seen not only the growth in solar panels, but also in those sort of home battery integration. I was looking up that Tesla Powerwall was doing just great in Canada, until the last couple of months. I assume so, but I it's been, it's been heartening to see that, yeah, this sort of embrace of home energy integration, and so being able to level out, like, peak flow off the grid, so Right? Like being able to basically, at moments of peak demand, to basically draw on your own local resources and reduce that overall strain. So there's been interesting stuff there. But I want to focus for a moment on, like, terms of thinking about new uses. Because, you know, again, going back to how AI will influence the home and automation. You know, Jensen Wong of Nvidia has talked about how this will be the year of robotics. Google, Gemini just applied their models to robotics. There's startups like figure there's, again, Tesla with their optimists, and, yeah, there's a whole strain of thought that we're about to see, like home robotics, perhaps a dream from like, the 50s. I think this is a very Disney World esque Epcot Center, yeah, with this idea of jetsy, yeah, of having home robots doing work. You can see concept videos a figure like doing the actual vacuuming. I mean, we invented Roombas to this, but, but it also, I, you know, I've done a lot of work. Our own thinking around electric delivery vehicles. We could talk a lot about drones. We could talk a lot about the little robots that deliver meals on the sidewalk. There's a lot of money in business models about increasing access and people needing to maybe move less, to drive and do all these trips to bring it to them. And that's a form of home automation, and that's all batteries. That is all stuff off the grid too. So AI is that enable those things, these things that can think and move and fly and do stuff and do services on your behalf, and so people might find this huge new source of demand from that as well.   Trevor Freeman  15:29 Yeah, that's I hadn't really thought about the idea that all the all these sort of conveniences and being able to summon them to our homes cause us to move around less, which also impacts transportation, which is another area I kind of want to get to. And I know you've, you've talked a little bit about E mobility, so where do you see that going? And then, how does AI accelerate that transition, or accelerate things happening in that space?   Greg Lindsay  15:56 Yeah, I mean, I again, obviously the EV revolutions here Canada like, one of the epicenters Canada, Norway there, you know, that still has the vehicle rebates and things. So, yeah. I mean, we've seen, I'm here in Montreal, I think we've got, like, you know, 30 to 13% of sales is there, and we've got our 2035, mandate. So, yeah. I mean, you see this push, obviously, to harness all of Canada's clean, mostly hydro electricity, to do this, and, you know, reduce its dependence on fossil fuels for either, you know, Climate Change Politics reasons, but also just, you know, variable energy prices. So all of that matters. But, you know, I think the key to, like the electric mobility revolution, again, is, is how it's going to merge with AI and it's, you know, it's not going to just be the autonomous, self driving car, which is sort of like the horseless carriage of autonomy. It's gonna be all this other stuff, you know. My friend Dan Hill was in China, and he was thinking about like, electric scooters, you know. And I mentioned this to hydro Ottawa, like, the electric scooter is one of the leading causes of how we've taken internal combustion engine vehicles offline across the world, mostly in China, and put people on clean electric motors. What happens when you take those and you make those autonomous, and you do it with, like, deep seek and some cameras, and you sort of weld it all together so you could have a world of a lot more stuff in motion, and not just this world where we have to drive as much. And that, to me, is really exciting, because that changes, like urban patterns, development patterns, changes how you move around life, those kinds of things as well. That's that might be a little farther out, but, but, yeah, this sort of like this big push to build out domestic battery industries, to build charging points and the sort of infrastructure there, I think it's going to go in direction, but it doesn't look anything like, you know, a sedan or an SUV that just happens to be electric.   Trevor Freeman  17:33 I think that's a the step change is change the drive train of the existing vehicles we have, you know, an internal combustion to a battery. The exponential change is exactly what you're saying. It's rethinking this.   Greg Lindsay  17:47 Yeah, Ramesam and others have pointed out, I mean, again, like this, you know, it's, it's really funny to see this pushback on EVs, you know. I mean, I love a good, good roar of an internal combustion engine myself, but, but like, you know, Ramesam was an energy analyst, has pointed out that, like, you know, EVS were more cost competitive with ice cars in 2018 that's like, nearly a decade ago. And yeah, the efficiency of electric motors, particularly regenerative braking and everything, it just blows the cost curves away of ice though they will become the equivalent of keeping a thorough brat around your house kind of thing. Yeah, so, so yeah, it's just, it's that overall efficiency of the drive train. And that's the to me, the interesting thing about both electric motors, again, of autonomy is like, those are general purpose technologies. They get cheaper and smaller as they evolve under Moore's Law and other various laws, and so they get to apply to more and more stuff.   Trevor Freeman  18:32 Yeah. And then when you think about once, we kind of figure that out, and we're kind of already there, or close to it, if not already there, then it's opening the door to those other things you're talking about. Of, well, do we, does everybody need to have that car in their driveway? Are we rethinking how we're actually just doing transportation in general? And do we need a delivery truck? Or can it be delivery scooter? Or what does that look like?   Greg Lindsay  18:54 Well, we had a lot of those discussions for a long time, particularly in the mobility space, right? Like, and like ride hailing, you know, like, oh, you know, that was always the big pitch of an Uber is, you know, your car's parked in your driveway, like 94% of the time. You know, what happens if you're able to have no mobility? Well, we've had 15 years of Uber and these kinds of services, and we still have as many cars. But people are also taking this for mobility. It's additive. And I raised this question, this notion of like, it's just sort of more and more, more options, more availability, more access. Because the same thing seems to be going on with energy now too. You know, listeners been following along, like the conversation in Houston, you know, a week or two ago at Sarah week, like it's the whole notion of energy realism. And, you know, there's the new book out, more is more is more, which is all about the fact that we've never had an energy transition. We just kept piling up. Like the world burned more biomass last year than it did in 1900 it burned more coal last year than it did at the peak of coal. Like these ages don't really end. They just become this sort of strata as we keep piling energy up on top of it. And you know, I'm trying to sound the alarm that we won't have an energy transition. What that means for climate change? But similar thing, it's. This rebound effect, the Jevons paradox, named after Robert Stanley Jevons in his book The question of coal, where he noted the fact that, like, England was going to need more and more coal. So it's a sobering thought. But, like, I mean, you know, it's a glass half full, half empty in many ways, because the half full is like increasing technological options, increasing changes in lifestyle. You can live various ways you want, but, but, yeah, it's like, I don't know if any of it ever really goes away. We just get more and more stuff,   Trevor Freeman  20:22 Exactly, well. And, you know, to hear you talk about the robotics side of things, you know, looking at the home, yeah, more, definitely more. Okay, so we talked about kind of home automation. We've talked about transportation, how we get around. What about energy management? And I think about this at the we'll talk about the utility side again in a little bit. But, you know, at my house, or for my own personal use in my life, what is the role of, like, sort of machine learning and AI, when it comes to just helping me manage my own energy better and make better decisions when it comes to energy? ,   Greg Lindsay  20:57 Yeah, I mean, this is where it like comes in again. And you know, I'm less and less of an expert here, but I've been following this sort of discourse evolve. And right? It's the idea of, you know, yeah, create, create. This the set of tools in your home, whether it's solar panels or batteries or, you know, or Two Way Direct, bi directional to the grid, however it works. And, yeah, and people, you know, given this option of savings, and perhaps, you know, other marketing messages there to curtail behavior. You know? I mean, I think the short answer the question is, like, it's an app people want, an app that tell them basically how to increase the efficiency of their house or how to do this. And I should note that like, this has like been the this is the long term insight when it comes to like energy and the clean tech revolution. Like my Emery Levin says this great line, which I've always loved, which is, people don't want energy. They want hot showers and cold beer. And, you know, how do you, how do you deliver those things through any combination of sticks and carrots, basically like that. So, So, hence, why? Like, again, like, you know, you know, power walls, you know, and, and, and, you know, other sort of AI controlled batteries here that basically just sort of smooth out to create the sort of optimal flow of electrons into your house, whether that's coming drive directly off the grid or whether it's coming out of your backup and then recharging that the time, you know, I mean, the surveys show, like, more than half of Canadians are interested in this stuff, you know, they don't really know. I've got one set here, like, yeah, 61% are interested in home energy tech, but only 27 understand, 27% understand how to optimize them. So, yeah. So people need, I think, perhaps, more help in handing that over. And obviously, what's exciting for the, you know, the utility level is, like, you know, again, aggregate all that individual behavior together and you get more models that, hope you sort of model this out, you know, at both greater scale and ever more fine grained granularity there. So, yeah, exactly. So I think it's really interesting, you know, I don't know, like, you know, people have gamified it. What was it? I think I saw, like, what is it? The affordability fund trust tried to basically gamify AI energy apps, and it created various savings there. But a lot of this is gonna be like, as a combination like UX design and incentives design and offering this to people too, about, like, why you should want this and money's one reason, but maybe there's others.   Trevor Freeman  22:56 Yeah, and we talk about in kind of the utility sphere, we talk about how customers, they don't want all the data, and then have to go make their own decisions. They want those decisions to be made for them, and they want to say, look, I want to have you tell me the best rate plan to be on. I want to have you automatically switch me to the best rate plan when my consumption patterns change and my behavior chat patterns change. That doesn't exist today, but sort of that fast decision making that AI brings will let that become a reality sometime in the future,   Greg Lindsay  23:29 And also in theory, this is where LLMs come into play. Is like, you know, to me, what excites me the most about that is the first time, like having a true natural language interface, like having being able to converse with an, you know, an AI, let's hopefully not chat bot. I think we're moving out on chat bots, but some sort of sort of instantiation of an AI to be like, what plan should I be on? Can you tell me what my behavior is here and actually having some sort of real language conversation with it? Not decision trees, not event statements, not chat bots.   Trevor Freeman  23:54 Yeah, absolutely. Okay, so we've kind of teased around this idea of looking at the utility levels, obviously, at hydro Ottawa, you referenced this just a minute ago. We look at all these individual cases, every home that has home automation or solar storage, and we want to aggregate that and understand what, what can we do to help manage the grid, help manage all these new energy needs, shift things around. So let's talk a little bit about the role that AI can play at the utility scale in helping us manage the grid.   Greg Lindsay  24:28 All right? Well, yeah, there's couple ways to approach it. So one, of course, is like, let's go back to, like, smart meters, right? Like, and this is where I don't know how many hydro Ottawa has, but I think, like, BC Hydro has like, 2 million of them, sometimes they get politicized, because, again, this gets back to this question of, like, just, just how much nanny state you want. But, you know, you know, when you reach the millions, like, yeah, you're able to get that sort of, you know, obviously real time, real time usage, real time understanding. And again, if you can do that sort of grid management piece where you can then push back, it's visual game changer. But, but yeah. I mean, you know, yeah, be. See hydro is pulling in. I think I read like, like, basically 200 million data points a day. So that's a lot to train various models on. And, you know, I don't know exactly the kind of savings they have, but you can imagine there, whether it's, you know, them, or Toronto Hydro, or hydro Ottawa and others creating all these monitoring points. And again, this is the thing that bedells me, by the way, just philosophically about modern life, the notion of like, but I don't want you to be collecting data off me at all times, but look at what you can do if you do It's that constant push pull of some sort of combination of privacy and agency, and then just the notion of like statistics, but, but there you are, but, but, yeah, but at the grid level, then I mean, like, yeah. I mean, you can sort of do the same thing where, like, you know, I mean, predictive maintenance is the obvious one, right? I have been writing about this for large enterprise software companies for 20 years, about building these data points, modeling out the lifetime of various important pieces equipment, making sure you replace them before you have downtime and terrible things happen. I mean, as we're as we're discussing this, look at poor Heathrow Airport. I am so glad I'm not flying today, electrical substation blowing out two days of the world's most important hub offline. So that's where predictive maintenance comes in from there. And, yeah, I mean, I, you know, I again, you know, modeling out, you know, energy flow to prevent grid outages, whether that's, you know, the ice storm here in Quebec a couple years ago. What was that? April 23 I think it was, yeah, coming up in two years. Or our last ice storm, we're not the big one, but that one, you know, where we had big downtime across the grid, like basically monitoring that and then I think the other big one for AI is like, Yeah, is this, this notion of having some sort of decision support as well, too, and sense of, you know, providing scenarios and modeling out at scale the potential of it? And I don't think, I don't know about this in a grid case, but the most interesting piece I wrote for Fast Company 20 years ago was an example, ago was an example of this, which was a fledgling air taxi startup, but they were combining an agent based model, so using primitive AI to create simple rules for individual agents and build a model of how they would behave, which you can create much more complex models. Now we could talk about agents and then marrying that to this kind of predictive maintenance and operations piece, and marrying the two together. And at that point, you could have a company that didn't exist, but that could basically model itself in real time every day in the life of what it is. You can create millions and millions and millions of Monte Carlo operations. And I think that's where perhaps both sides of AI come together truly like the large language models and agents, and then the predictive machine learning. And you could basically hydro or others, could build this sort of deep time machine where you can model out all of these scenarios, millions and millions of years worth, to understand how it flows and contingencies as well. And that's where it sort of comes up. So basically something happens. And like, not only do you have a set of plans, you have an AI that has done a million sets of these plans, and can imagine potential next steps of this, or where to deploy resources. And I think in general, that's like the most powerful use of this, going back to prediction machines and just being able to really model time in a way that we've never had that capability before. And so you probably imagine the use is better than I.   Trevor Freeman  27:58 Oh man, it's super fascinating, and it's timely. We've gone through the last little while at hydro Ottawa, an exercise of updating our playbook for emergencies. So when there are outages, what kind of outage? What's the sort of, what are the trigger points to go from, you know, what we call a level one to a level two to level three. But all of this is sort of like people hours that are going into that, and we're thinking through these scenarios, and we've got a handful of them, and you're just kind of making me think, well, yeah, what if we were able to model that out? And you bring up this concept of agents, let's tease into that a little bit explain what you mean when you're talking about agents.   Greg Lindsay  28:36 Yeah, so agentic systems, as the term of art is, AI instantiations that have some level of autonomy. And the archetypal example of this is the Stanford Smallville experiment, where they took basically a dozen large language models and they gave it an architecture where they could give it a little bit of backstory, ruminate on it, basically reflect, think, decide, and then act. And in this case, they used it to plan a Valentine's Day party. So they played out real time, and the LLM agents, like, even played matchmaker. They organized the party, they sent out invitations, they did these sorts of things. Was very cute. They put it out open source, and like, three weeks later, another team of researchers basically put them to work writing software programs. So you can see they organized their own workflow. They made their own decisions. There was a CTO. They fact check their own work. And this is evolving into this grand vision of, like, 1000s, millions of agents, just like, just like you spin up today an instance of Amazon Web Services to, like, host something in the cloud. You're going to spin up an agent Nvidia has talked about doing with healthcare and others. So again, coming back to like, the energy implications of that, because it changes the whole pattern. Instead of huge training runs requiring giant data centers. You know, it's these agents who are making all these calls and doing more stuff at the edge, but, um, but yeah, in this case, it's the notion of, you know, what can you put the agents to work doing? And I bring this up again, back to, like, predictive maintenance, or for hydro Ottawa, there's another amazing paper called virtual in real life. And I chatted with one of the principal authors. It created. A half dozen agents who could play tour guide, who could direct you to a coffee shop, who do these sorts of things, but they weren't doing it in a virtual world. They were doing it in the real one. And to do it in the real world, you took the agent, you gave them a machine vision capability, so added that model so they could recognize objects, and then you set them loose inside a digital twin of the world, in this case, something very simple, Google Street View. And so in the paper, they could go into like New York Central Park, and they could count every park bench and every waste bin and do it in seconds and be 99% accurate. And so agents were monitoring the landscape. Everything's up, because you can imagine this in the real world too, that we're going to have all the time. AIS roaming the world, roaming these virtual maps, these digital twins that we build for them and constantly refresh from them, from camera data, from sensor data, from other stuff, and tell us what this is. And again, to me, it's really exciting, because that's finally like an operating system for the internet of things that makes sense, that's not so hardwired that you can ask agents, can you go out and look for this for me? Can you report back on this vital system for me? And they will be able to hook into all of these kinds of representations of real time data where they're emerging from, and give you aggregated reports on this one. And so, you know, I think we have more visibility in real time into the real world than we've ever had before.   Trevor Freeman  31:13 Yeah, I want to, I want to connect a few dots here for our listeners. So bear with me for a second. Greg. So for our listeners, there was a podcast episode we did about a year ago on our grid modernization roadmap, and we talked about one of the things we're doing with grid modernization at hydro Ottawa and utilities everywhere doing this is increasing the sensor data from our grid. So we're, you know, right now, we've got visibility sort of to our station level, sometimes one level down to some switches. But in the future, we'll have sensors everywhere on our grid, every switch, every device on our grid, will have a sensor gathering data. Obviously, you know, like you said earlier, millions and hundreds of millions of data points every second coming in. No human can kind of make decisions on that, and what you're describing is, so now we've got all this data points, we've got a network of information out there, and you could create this agent to say, Okay, you are. You're my transformer agent. Go out there and have a look at the run temperature of every transformer on the network, and tell me where the anomalies are, which ones are running a half a degree or two degrees warmer than they should be, and report back. And now I know hydro Ottawa, that the controller, the person sitting in the room, knows, Hey, we should probably go roll a truck and check on that transformer, because maybe it's getting end of life. Maybe it's about to go and you can do that across the entire grid. That's really fascinating,   Greg Lindsay  32:41 And it's really powerful, because, I mean, again, these conversations 20 years ago at IoT, you know you're going to have statistical triggers, and you would aggregate these data coming off this, and there was a lot of discussion there, but it was still very, like hardwired, and still very Yeah, I mean, I mean very probabilistic, I guess, for a word that went with agents like, yeah, you've now created an actual thing that can watch those numbers and they can aggregate from other systems. I mean, lots, lots of potential there hasn't quite been realized, but it's really exciting stuff. And this is, of course, where that whole direction of the industry is flowing. It's on everyone's lips, agents.   Trevor Freeman  33:12 Yeah. Another term you mentioned just a little bit ago that I want you to explain is a digital twin. So tell us what a digital twin is.   Greg Lindsay  33:20 So a digital twin is, well, the matrix. Perhaps you could say something like this for listeners of a certain age, but the digital twin is the idea of creating a model of a piece of equipment, of a city, of the world, of a system. And it is, importantly, it's physics based. It's ideally meant to represent and capture the real time performance of the physical object it's based on, and in this digital representation, when something happens in the physical incarnation of it, it triggers a corresponding change in state in the digital twin, and then vice versa. In theory, you know, you could have feedback loops, again, a lot of IoT stuff here, if you make changes virtually, you know, perhaps it would cause a change in behavior of the system or equipment, and the scales can change from, you know, factory equipment. Siemens, for example, does a lot of digital twin work on this. You know, SAP, big, big software companies have thought about this. But the really crazy stuff is, like, what Nvidia is proposing. So first they started with a digital twin. They very modestly called earth two, where they were going to model all the weather and climate systems of the planet down to like the block level. There's a great demo of like Jensen Wong walking you through a hurricane, typhoons striking the Taipei, 101, and how, how the wind currents are affecting the various buildings there, and how they would change that more recently, what Nvidia is doing now is, but they just at their big tech investor day, they just partner with General Motors and others to basically do autonomous cars. And what's crucial about it, they're going to train all those autonomous vehicles in an NVIDIA built digital twin in a matrix that will act, that will be populated by agents that will act like people, people ish, and they will be able to run millions of years of autonomous vehicle training in this and this is how they plan to catch up to. Waymo or, you know, if Tesla's robotaxis are ever real kind of thing, you know, Waymo built hardwired like trained on real world streets, and that's why they can only operate in certain operating domain environments. Nvidia is gambling that with large language models and transformer models combined with digital twins, you can do these huge leapfrog effects where you can basically train all sorts of synthetic agents in real world behavior that you have modeled inside the machine. So again, that's the kind, that's exactly the kind of, you know, environment that you're going to train, you know, your your grid of the future on for modeling out all your contingency scenarios.   Trevor Freeman  35:31 Yeah, again, you know, for to bring this to the to our context, a couple of years ago, we had our the direcco. It's a big, massive windstorm that was one of the most damaging storms that we've had in Ottawa's history, and we've made some improvements since then, and we've actually had some great performance since then. Imagine if we could model that derecho hitting our grid from a couple different directions and figure out, well, which lines are more vulnerable to wind speeds, which lines are more vulnerable to flying debris and trees, and then go address that and do something with that, without having to wait for that storm to hit. You know, once in a decade or longer, the other use case that we've talked about on this one is just modeling what's happening underground. So, you know, in an urban environments like Ottawa, like Montreal, where you are, there's tons of infrastructure under the ground, sewer pipes, water pipes, gas lines, electrical lines, and every time the city wants to go and dig up a road and replace that road, replace that sewer, they have to know what's underground. We want to know what's underground there, because our infrastructure is under there. As the electric utility. Imagine if you had a model where you can it's not just a map. You can actually see what's happening underground and determine what makes sense to go where, and model out these different scenarios of if we underground this line or that line there. So lots of interesting things when it comes to a digital twin. The digital twin and Agent combination is really interesting as well, and setting those agents loose on a model that they can play with and understand and learn from. So talk a little bit about.   Greg Lindsay  37:11 that. Yeah. Well, there's a couple interesting implications just the underground, you know, equipment there. One is interesting because in addition to, like, you know, you know, having captured that data through mapping and other stuff there, and having agents that could talk about it. So, you know, next you can imagine, you know, I've done some work with augmented reality XR. This is sort of what we're seeing again, you know, meta Orion has shown off their concept. Google's brought back Android XR. Meta Ray Bans are kind of an example of this. But that's where this data will come from, right? It's gonna be people wearing these wearables in the world, capturing all this camera data and others that's gonna be fed into these digital twins to refresh them. Meta has a particularly scary demo where you know where you the user, the wearer leaves their keys on their coffee table and asks metas, AI, where their coffee where their keys are, and it knows where they are. It tells them and goes back and shows them some data about it. I'm like, well, to do that, meta has to have a complete have a complete real time map of your entire house. What could go wrong. And that's what all these companies aspire to of reality. So, but yeah, you can imagine, you know, you can imagine a worker. And I've worked with a startup out of urban X, a Canada startup, Canadian startup called context steer. And you know, is the idea of having real time instructions and knowledge manuals available to workers, particularly predictive maintenance workers and line workers. So you can imagine a technician dispatched to deal with this cut in the pavement and being able to see with XR and overlay of like, what's actually under there from the digital twin, having an AI basically interface with what's sort of the work order, and basically be your assistant that can help you walk you through it, in case, you know, you run into some sort of complication there, hopefully that won't be, you know, become like, turn, turn by turn, directions for life that gets into, like, some of the questions about what we wanted out of our workforce. But there's some really interesting combinations of those things, of like, you know, yeah, mapping a world for AIS, ais that can understand it, that could ask questions in it, that can go probe it, that can give you advice on what to do in it. All those things are very close for good and for bad.   Trevor Freeman  39:03 You kind of touched on my next question here is, how do we make sure this is all in the for good or mostly in the for good category, and not the for bad category you talk in one of the papers that you wrote about, you know, AI and augmented reality in particular, really expanding the attack surface for malicious actors. So we're creating more opportunities for whatever the case may be, if it's hacking or if it's malware, or if it's just, you know, people that are up to nefarious things. How do we protect against that? How do we make sure that our systems are safe that the users of our system. So in our case, our customers, their data is safe, their the grid is safe. How do we make sure that?   Greg Lindsay  39:49 Well, the very short version is, whatever we're spending on cybersecurity, we're not spending enough. And honestly, like everybody who is no longer learning to code, because we can be a quad or ChatGPT to do it, I. Is probably there should be a whole campaign to repurpose a big chunk of tech workers into cybersecurity, into locking down these systems, into training ethical systems. There's a lot of work to be done there. But yeah, that's been the theme for you know that I've seen for 10 years. So that paper I mentioned about sort of smart homes, the Internet of Things, and why people would want a smart home? Well, yeah, the reason people were skeptical is because they saw it as basically a giant attack vector. My favorite saying about this is, is, there's a famous Arthur C Clarke quote that you know, any sufficiently advanced technology is magic Tobias Ravel, who works at Arup now does their head of foresight has this great line, any sufficiently advanced hacking will feel like a haunting meaning. If you're in a smart home that's been hacked, it will feel like you're living in a haunted house. Lights will flicker on and off, and systems will turn and go haywire. It'll be like you're living with a possessed house. And that's true of cities or any other systems. So we need to do a lot of work on just sort of like locking that down and securing that data, and that is, you know, we identified, then it has to go all the way up and down the supply chain, like you have to make sure that there is, you know, a chain of custody going back to when components are made, because a lot of the attacks on nest, for example. I mean, you want to take over a Google nest, take it off the wall and screw the back out of it, which is a good thing. It's not that many people are prying open our thermostats, but yeah, if you can get your hands on it, you can do a lot of these systems, and you can do it earlier in the supply chain and sorts of infected pieces and things. So there's a lot to be done there. And then, yeah, and then, yeah, and then there's just a question of, you know, making sure that the AIs are ethically trained and reinforced. And, you know, a few people want to listeners, want to scare themselves. You can go out and read some of the stuff leaking out of anthropic and others and make clot of, you know, models that are trying to hide their own alignments and trying to, like, basically copy themselves. Again, I don't believe that anything things are alive or intelligent, but they exhibit these behaviors as part of the probabilistic that's kind of scary. So there's a lot to be done there. But yeah, we worked on this, the group that I do foresight with Arizona State University threat casting lab. We've done some work for the Secret Service and for NATO and, yeah, there'll be, you know, large scale hackings on infrastructure. Basically the equivalent can be the equivalent can be the equivalent to a weapons of mass destruction attack. We saw how Russia targeted in 2014 the Ukrainian grid and hacked their nuclear plans. This is essential infrastructure more important than ever, giving global geopolitics say the least, so that needs to be under consideration. And I don't know, did I scare you enough yet? What are the things we've talked through here that, say the least about, you know, people being, you know, tricked and incepted by their AI girlfriends, boyfriends. You know people who are trying to AI companions. I can't possibly imagine what could go wrong there.   Trevor Freeman  42:29 I mean, it's just like, you know, I don't know if this is 15 or 20, or maybe even 25 years ago now, like, it requires a whole new level of understanding when we went from a completely analog world to a digital world and living online, and people, I would hope, to some degree, learned to be skeptical of things on the internet and learned that this is that next level. We now need to learn the right way of interacting with this stuff. And as you mentioned, building the sort of ethical code and ethical guidelines into these language models into the AI. Learning is pretty critical for our listeners. We do have a podcast episode on cybersecurity. I encourage you to go listen to it and reassure yourself that, yes, we are thinking about this stuff. And thanks, Greg, you've given us lots more to think about in that area as well. When it comes to again, looking back at utilities and managing the grid, one thing we're going to see, and we've talked a lot about this on the show, is a lot more distributed generation. So we're, you know, the days of just the central, large scale generation, long transmission lines that being the only generation on the grid. Those days are ending. We're going to see more distributed generations, solar panels on roofs, batteries. How does AI help a utility manage those better, interact with those better get more value out of those things?   Greg Lindsay  43:51 I guess that's sort of like an extension of some of the trends I was talking about earlier, which is the notion of, like, being able to model complex systems. I mean, that's effectively it, right, like you've got an increasingly complex grid with complex interplays between it, you know, figuring out how to basically based on real world performance, based on what you're able to determine about where there are correlations and codependencies in the grid, where point where choke points could emerge, where overloading could happen, and then, yeah, basically, sort of building that predictive system to Basically, sort of look for what kind of complex emergent behavior comes out of as you keep adding to it and and, you know, not just, you know, based on, you know, real world behavior, but being able to dial that up to 11, so to speak, and sort of imagine sort of these scenarios, or imagine, you know, what, what sort of long term scenarios look like in terms of, like, what the mix, how the mix changes, how the geography changes, all those sorts of things. So, yeah, I don't know how that plays out in the short term there, but it's this combination, like I'm imagining, you know, all these different components playing SimCity for real, if one will.   Trevor Freeman  44:50 And being able to do it millions and millions and millions of times in a row, to learn every possible iteration and every possible thing that might happen. Very cool. Okay. So last kind of area I want to touch on you did mention this at the beginning is the the overall power implications of of AI, of these massive data centers, obviously, at the utility, that's something we are all too keenly aware of. You know, the stat that that I find really interesting is a normal Google Search compared to, let's call it a chat GPT search. That chat GPT search, or decision making, requires 10 times the amount of energy as that just normal, you know, Google Search looking out from a database. Do you see this trend? I don't know if it's a trend. Do you see this continuing like AI is just going to use more power to do its decision making, or will we start to see more efficiencies there? And the data centers will get better at doing what they do with less energy. What is the what does the future look like in that sector?   Greg Lindsay  45:55 All the above. It's more, is more, is more! Is the trend, as far as I can see, and every decision maker who's involved in it. And again, Jensen Wong brought this up at the big Nvidia Conference. That basically he sees the only constraint on this continuing is availability of energy supplies keep it going and South by Southwest. And in some other conversations I've had with bandwidth companies, telcos, like laying 20 lumen technologies, United States is laying 20,000 new miles of fiber optic cables. They've bought 10% of Corning's total fiber optic output for the next couple of years. And their customers are the hyperscalers. They're, they're and they're rewiring the grid. That's why, I think it's interesting. This has something, of course, for thinking about utilities, is, you know, the point to point Internet of packet switching and like laying down these big fiber routes, which is why all the big data centers United States, the majority of them, are in north of them are in Northern Virginia, is because it goes back to the network hub there. Well, lumen is now wiring this like basically this giant fabric, this patchwork, which can connect data center to data center, and AI to AI and cloud to cloud, and creating this entirely new environment of how they are all directly connected to each other through some of this dedicated fiber. And so you can see how this whole pattern is changing. And you know, the same people are telling me that, like, yeah, the where they're going to build this fiber, which they wouldn't tell me exactly where, because it's very tradable, proprietary information, but, um, but it's following the energy supplies. It's following the energy corridors to the American Southwest, where there's solar and wind in Texas, where you can get natural gas, where you can get all these things. It will follow there. And I of course, assume the same is true in Canada as we build out our own sovereign data center capacity for this. So even, like deep seek, for example, you know, which is, of course, the hyper efficient Chinese model that spooked the markets back in January. Like, what do you mean? We don't need a trillion dollars in capex? Well, everyone's quite confident, including again, Jensen Wong and everybody else that, yeah, the more efficient models will increase this usage. That Jevons paradox will play out once again, and we'll see ever more of it. To me, the question is, is like as how it changes? And of course, you know, you know, this is a bubble. Let's, let's, let's be clear, data centers are a bubble, just like railroads in 1840 were a bubble. And there will be a bust, like not everyone's investments will pencil out that infrastructure will remain maybe it'll get cheaper. We find new uses for it, but it will, it will eventually bust at some point and that's what, to me, is interesting about like deep seeking, more efficient models. Is who's going to make the wrong investments in the wrong places at the wrong time? But you know, we will see as it gathers force and agents, as I mentioned. You know, they don't require, as much, you know, these monstrous training runs at City sized data centers. You know, meta wanted to spend $200 billion on a single complex, the open AI, Microsoft, Stargate, $500 billion Oracle's. Larry Ellison said that $100 billion is table stakes, which is just crazy to think about. And, you know, he's permitting three nukes on site. So there you go. I mean, it'll be fascinating to see if we have a new generation of private, private generation, right, like, which is like harkening all the way back to, you know, the early electrical grid and companies creating their own power plants on site, kind of stuff. Nicholas Carr wrote a good book about that one, about how we could see from the early electrical grid how the cloud played out. They played out very similarly. The AI cloud seems to be playing out a bit differently. So, so, yeah, I imagine that as well, but, but, yeah, well, inference happen at the edge. We need to have more distributed generation, because you're gonna have AI agents that are going to be spending more time at the point of request, whether that's a laptop or your phone or a light post or your autonomous vehicle, and it's going to need more of that generation and charging at the edge. That, to me, is the really interesting question. Like, you know, when these current generation models hit their limits, and just like with Moore's law, like, you know, you have to figure out other efficiencies in designing chips or designing AIS, how will that change the relationship to the grid? And I don't think anyone knows quite for sure yet, which is why they're just racing to lock up as many long term contracts as they possibly can just get it all, core to the market.   Trevor Freeman  49:39 Yeah, it's just another example, something that comes up in a lot of different topics that we cover on this show. Everything, obviously, is always related to the energy transition. But the idea that the energy transition is really it's not just changing fuel sources, like we talked about earlier. It's not just going from internal combustion to a battery. It's rethinking the. Relationship with energy, and it's rethinking how we do things. And, yeah, you bring up, like, more private, massive generation to deal with these things. So really, that whole relationship with energy is on scale to change. Greg, this has been a really interesting conversation. I really appreciate it. Lots to pack into this short bit of time here. We always kind of wrap up our conversations with a series of questions to our guests. So I'm going to fire those at you here. And this first one, I'm sure you've got lots of different examples here, so feel free to give more than one. What is a book that you've read that you think everybody should read?   Greg Lindsay  50:35 The first one that comes to mind is actually William Gibson's Neuromancer, which is which gave the world the notion of cyberspace and so many concepts. But I think about it a lot today. William Gibson, Vancouver based author, about how much in that book is something really think about. There is a digital twin in it, an agent called the Dixie flatline. It's like a former program where they cloned a digital twin of him. I've actually met an engineering company, Thornton Thomas Eddie that built a digital twin of one of their former top experts. So like that became real. Of course, the matrix is becoming real the Turing police. Yeah, there's a whole thing in there where there's cops to make sure that AIS don't get smarter. I've been thinking a lot about, do we need Turing police? The EU will probably create them. And so that's something where you know the proof, again, of like science fiction, its ability in world building to really make you think about these implications and help for contingency planning. A lot of foresight experts I work with think about sci fi, and we use sci fi for exactly that reason. So go read some classic cyberpunk, everybody.   Trevor Freeman  51:32 Awesome. So same question. But what's a movie or a show that you think everybody should take a look at?   Greg Lindsay  51:38 I recently watched the watch the matrix with ideas, which is fun to think about, where the villains are, agents that villains are agents. That's funny how that terms come back around. But the other one was thinking about the New Yorker recently read a piece on global demographics and the fact that, you know, globally, less and less children. And it made several references to Alfonso Quons, Children of Men from 2006 which is, sadly, probably the most prescient film of the 21st Century. Again, a classic to watch, about imagining in a world where we don't where you where you lose faith in the future, what happens, and a world that is not having children as a world that's losing faith in its own future. So that's always haunted me.   Trevor Freeman  52:12 It's funny both of those movies. So I've got kids as they get, you know, a little bit older, a little bit older, we start introducing more and more movies. And I've got this list of movies that are just, you know, impactful for my own adolescent years and growing up. And both matrix and Children of Men are on that list of really good movies that I just need my kids to get a little bit older, and then I'm excited to watch with them. If someone offered you a free round trip flight anywhere in the world, where would you go?   Greg Lindsay  52:40 I would go to Venice, Italy for the Architecture Biennale, which I will be on a plane in May, going to anyway. And the theme this year is intelligence, artificial, natural and collective. So it should be interesting to see the world's brightest architects. Let's see what we got. But yeah, Venice, every time, my favorite city in the world.   Trevor Freeman  52:58 Yeah, it's pretty wonderful. Who is someone that you admire?   Greg Lindsay  53:01 Great question.

In this episode, we speak with Vik Chaudhry. He is the co-founder, Chief Operating Officer and Chief Technology Officer of Buzz Solutions, a global provider of proven visual intelligence solutions used to inspect, maintain, and secure energy infrastructure. Vik shares his insights into the transformative and highly effective ways that AI and computer vision can and are being used to handle big data and greatly optimize predictive analytics in electrical power utility companies.

For anyone building a career in energy—whether you're a graduate, a mid-career engineer, or a senior executive—the rapid evolution of our sector brings both opportunity and complexity. This week, I sat down with Delfina Govia, a Chief Sustainability Officer with over 46 years in the oil and gas industry, to unpack what's changing, what's not, and what that means for the future of work in energy.We talk frankly about everything from her disguised entry into offshore life in the 1970s, to why the energy transition isn't about eliminating fossil fuels—but balancing competing priorities like affordability, infrastructure, and global access. Delfina also reflects on what younger generations need to know as they step into a sector under scrutiny, ripe with innovation, and still shaped by geopolitics and economic realities.

For early-career professionals in the energy sector—or anyone aiming to move into leadership—there's often an unspoken tension between doing your job well and positioning yourself for what comes next. In this episode, I speak with Laurent Pagnon, Head of Group Strategy at SGS, about how he navigated that balance from engineering in the Middle East to executive strategy roles in Europe and the U.S.We talk about career pivots, growing beyond comfort zones, and why being good at your job isn't always enough to get promoted. Laurent shares what helped him move into senior roles, and what he looks for in potential leaders—especially those coming up the ranks.This conversation is useful if you're trying to stay relevant, build influence, or just wondering how to stay curious while still climbing the ladder.

In this episode of the Cents of Security podcast, Cassidy Clement speaks with Scott Bauer, CEO of Prosper Trading Academy LLC, about the rise of alternative and renewable energy. From solar and wind to nuclear and biomass, we explore what's driving this sector's rapid growth—and how investors can gain exposure.

BUSINESS: Energy sector still faces major hurdles – expert | July 27, 2025Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe Visit our website at https://www.manilatimes.net Follow us: Facebook - https://tmt.ph/facebook Instagram - https://tmt.ph/instagram Twitter - https://tmt.ph/twitter DailyMotion - https://tmt.ph/dailymotion Subscribe to our Digital Edition - https://tmt.ph/digital Check out our Podcasts: Spotify - https://tmt.ph/spotify Apple Podcasts - https://tmt.ph/applepodcasts Amazon Music - https://tmt.ph/amazonmusic Deezer: https://tmt.ph/deezer Stitcher: https://tmt.ph/stitcherTune In: https://tmt.ph/tunein #TheManilaTimes#KeepUpWithTheTimes Hosted on Acast. See acast.com/privacy for more information.

A relative valuation model is a financial tool that helps investors assess a company's worth by providing a clearer picture of whether a stock may be fairly priced within its industry. Today's Stocks & Topics: J - Jacobs Solutions Inc., Market Wrap, Interest Rates, How Investors Compare Companies to Find True Value, AZO - AutoZone Inc., Energy Sector, PSC - Principal U.S. Small-Cap ETF, RNMBY - Rheinmetall AG ADR, Private Equity.Our Sponsors:* Check out Avocado Green Mattress: https://avocadogreenmattress.com* Check out Mint Mobile: https://mintmobile.com/INVESTTALK* Check out Progressive: https://www.progressive.comAdvertising Inquiries: https://redcircle.com/brands

After a two-to-three-year hiatus following the pandemic, Chinese money is once again flowing into the African energy sector. Billions of dollars in new investment and construction contracts for power facilities were registered in the first half of the year, particularly in Nigeria, according to new data published by Griffiths University in Australia and the Green Finance and Development Center in Beijing. These new contracts and investments will bolster China's already formidable presence in the continent's energy market, where Chinese-backed projects account for approximately 23 GW of installed generation capacity across at least 27 countries in Sub-Saharan Africa – nearly 20 percent of the region's total. Naa Adjekai Adjei, CGSP's non-resident fellow for Africa, is examining the operational aspects of Chinese-backed power projects in Africa for a new bi-weekly series that encompasses everything from project pitching to financing and construction. Adjekai joins Eric & Cobus to explain why China's role in African energy development remains poorly understood despite its sizable presence. SHOW NOTES: The China-Global South Project: Motives That Matter: The Economic and Strategic Logic Behind China's Power Sector Engagement in Africa by Naa Adjekai Adjei The China-Global South Project: Inside China's Power Play: Understanding the Institutions Behind Africa's Energy Projects by Naa Adjekai Adjei The Conversation: How to negotiate infrastructure deals with China: four things African governments need to get right by Folashadé Soulé JOIN THE DISCUSSION: X: @ChinaGSProject | @eric_olander  Facebook: www.facebook.com/ChinaAfricaProject YouTube: www.youtube.com/@ChinaGlobalSouth Now on Bluesky! Follow CGSP at @chinagsproject.bsky.social FOLLOW CGSP IN FRENCH AND ARABIC: Français: www.projetafriquechine.com | @AfrikChine Arabic: عربي: www.alsin-alsharqalawsat.com | @SinSharqAwsat JOIN US ON PATREON! Become a CGSP Patreon member and get all sorts of cool stuff, including our Week in Review report, an invitation to join monthly Zoom calls with Eric & Cobus, and even an awesome new CGSP Podcast mug! www.patreon.com/chinaglobalsouth

My guest today is Zach Dell. Zach is the co-founder and CEO of Base Power Company. Base is a modern power company building a reliable and affordable home energy service powered by distributed batteries. We explore one of the most underappreciated machines in our world: the electrical grid. Zach walks us through the complex world of electricity infrastructure and explains why the 100-year-old grid is woefully unprepared for the explosion in demand coming from AI, electric vehicles, and industrial electrification. Base's approach involves creating a distributed network of home batteries that provide backup power to customers while serving as grid resources, elegantly solving infrastructure bottlenecks that plague traditional utility-scale projects. We discuss energy as the fundamental enabler of human progress, scaling distributed energy assets, and the vertical integration strategy driving Base's unit economics. Please enjoy my conversation with Zach Dell.  For the full show notes, transcript, and links to mentioned content, check out the episode page⁠⁠⁠⁠ ⁠⁠⁠⁠⁠here⁠.⁠⁠⁠⁠⁠⁠⁠⁠ ----- This episode is brought to you by⁠⁠⁠⁠⁠⁠⁠⁠⁠ Ramp⁠⁠⁠⁠⁠⁠⁠⁠⁠. Ramp's mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Go to⁠⁠⁠⁠⁠⁠⁠⁠⁠ Ramp.com/invest⁠⁠⁠⁠⁠⁠⁠⁠⁠ to sign up for free and get a $250 welcome bonus. – This episode is brought to you by⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Ridgeline⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. Head to⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ridgelineapps.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more about the platform. – This episode is brought to you by⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠Arcana⁠⁠⁠. Arcana is the world's most advanced portfolio intelligence platform, trusted by institutional investors managing trillions in AUM — including market neutral, long-short, long-only, and capital allocators. Arcana enables portfolio managers, risk teams, analysts, and CIOs to drill into exposures and idio, construct optimal portfolios, and decompose performance at incredible granularity. Visit⁠⁠ ⁠arcana.io⁠⁠⁠ to request a demo and learn more. ----- Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠⁠⁠⁠⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠⁠⁠⁠⁠⁠⁠). Show Notes: (00:00:00) Introduction and Show Overview (00:05:06) Understanding the Electrical Grid (00:09:10) The History and Evolution of the Grid (00:09:51) Regulation and Deregulation in the Energy Sector (00:18:25) The Importance of Energy in Human Progress (00:28:41) Base's Innovative Energy Solutions (00:38:25) Economic and Operational Insights of Base (00:44:31) Understanding Electricity Market Variability (00:45:01) The Boom and Bust of Battery Economics (00:48:43) Battery Technology and Chemistry (00:50:56) Global Battery Manufacturing Landscape (00:54:06) Capital Markets and Financing Strategies (00:59:56) Vision for the Future of Energy Technology (01:02:30) Personal Journey and Entrepreneurial Insights (01:09:48) Lessons from Influential Leaders (01:16:52) The Kindest Thing Anyone Has Done For Zach

In this episode, I sit down with John Armstrong, CEO of the British Pipeline Agency and guest lecturer at the University of Warwick. If you're a graduate engineer, early-career professional, or just trying to find your feet in the evolving world of energy, this conversation is packed with honest, real-world advice that bridges technical progression with personal growth.We talk about the unspoken parts of building a career in energy: the pressure to be visible, the quiet frustrations of being overlooked, and how to create momentum without being pushy. John shares stories from his own career—spanning power stations, international placements, and leadership roles—and reflects on the career patterns that shaped him (and nearly trapped him).

The recently passed One Big Beautiful Bill Act includes significant changes to the way we create and pay for energy.

The revised Energy Sector Levies (Amendment) Act, 2025 (Act 1141) officially takes effect today, Wednesday, July 16, 2025. The new levy structure announced by the government and implemented by the Ghana Revenue Authority (GRA) follows a previous postponement intended to allow for an assessment of global market conditions and to safeguard recent gains in domestic fuel prices

If you work in renewables, product development, or quality systems—or you're transitioning into green energy from another industry—this episode will be relevant to your journey.I sat down with Ketan Patel, Head of Quality, Reliability and Development at First Solar. He came into solar energy after years in semiconductors, aerospace, and consumer tech—and he talks candidly about how he now applies that knowledge to a completely different scale of production and responsibility. From overseeing new technology launches to leading crisis task forces, Ketan shares how he builds structure, manages pressure, and stays aligned with a long-term sustainability mission.Whether you're leading teams, solving complex product issues, or just entering the renewables space, there's a lot to reflect on in this episode.

Mike Silvestrini is a seasoned renewable energy professional with a longstanding commitment to environmental sustainability. He has played a central role in developing over 500 solar projects across the United States, Brazil, and Africa—contributing meaningfully to the global transition to clean energy.Prior to Energea, Mike co-founded and served as CEO of Greenskies Renewable Energy LLC. What began with a desk in a basement and a $25,000 check grew into one of the country's largest commercial and industrial solar firms before his exit in 2016.As Co-Founder and Managing Partner at Energea, Mike draws on his deep industry experience to expand access to renewable energy investments worldwide. His proven leadership and focus on sustainable infrastructure position him as a key voice in the fight against climate change.Outside of Energea, Mike serves on the board of the Big Life Foundation, which protects 1.6 million acres of wilderness in East Africa. His work supports community-based conservation and initiatives that preserve biodiversity through sustainable practices.

It's a wide-ranging show today, with Ben Cook, portfolio manager for the Hennessy Energy Transition and Hennessy Mid-Stream funds, giving his latest take on the energy sector, noting that the industry is well-positioned to at least not be hurt while tariff policies play out, even as the U.S. has become the world's largest oil-producing nation and the OPEC nations are looking to improve their fortunes. Todd Rosenbluth, head of research at VettaFi, revisits the CoinShares Valkyrie Bitcoin Miners ETF — which he featured as ETF of the Week at the beginning of March and which gained 78 percent during the second quarter of 2025 — noting that miners and spot crypto funds serve different purposes in a portfolio, but that both are poised for more growth now. Melissa Stephenson discusses her research for Sudokubliss.com that looked at the theme parks that provide good value for your money while keeping lines short enough that complaints are few, and Chuck does a deep dive on the so-called "Trump accounts" that were created within the budget bill that was signed into law last week. These accounts give $1,000 to every baby born in the country to U.S. citizens between 2025 through 2028 — including the grandchild Chuck's daughter is expecting in August — and he talks about the benefits of the program (beyond the cash infusion) and compares it to other savings vehicles.

The renewable energy sector says Australia has the business and trade opportunity of a lifetime, Survivors mark the 30th anniversary of Europe's only acknowledged genocide since World War II, Carlton coach Michael Voss acknowledges threats on his life amid the Blues struggling season.

If you're working in energy policy, digitalisation, or want to shape how energy systems evolve beyond engineering and operations, this episode will speak directly to you.I sat down with Shota Lemondzhava , Head of Government Relations at the World Energy Council, to discuss the messy middle of the energy transition: where diplomacy, AI, cybersecurity, and global cooperation collide. Shota doesn't come from a traditional energy background—his route through political science and diplomacy is a reminder that shaping the future of energy isn't just for engineers. It's also about convening people, navigating trade-offs, and asking better questions.Here's what stood out for me, especially for those navigating complex energy systems or advising on transition strategy:⚡ Three Actionable Takeaways

In this episode, I speak with Trond Knutsen Hundsnes, Head of Early Phase and Subsurface Capital Decommissioning Projects at Equinor. For those of you navigating leadership, project portfolios, or trying to understand how to build a meaningful engineering career—this episode offers practical examples of how to do just that.What struck me most was how Trond balances risk, trust, and team empowerment across some of the most complex projects in the Norwegian Continental Shelf. Whether you're a graduate engineer, mid-career, or in a leadership role, you'll likely relate to the questions he raises about timing, motivation, and how to manage constant change in the energy sector.We talk about:How to lead change across a mature asset base while keeping people motivatedWhy early-career engineers shouldn't rush progressHow broad technical exposure helps you ask better questions as a leader

The government argues that restoring state control protects Mexico's resources from foreign exploitation and ensures that profits benefit Mexican citizens. However, removing competition and transparency lead to inefficiencies, increased costs, and an unreliable energy supply.Original article: https://mises.org/power-market/mexicos-energy-sector-goes-backward

The government argues that restoring state control protects Mexico's resources from foreign exploitation and ensures that profits benefit Mexican citizens. However, removing competition and transparency lead to inefficiencies, increased costs, and an unreliable energy supply.Original article: https://mises.org/power-market/mexicos-energy-sector-goes-backward

Stephen Grootes speaks to Keith Webb, Finance Sector Lead at RMB about South Africa's R440bn grid infrastructure investment and RMB's initiative to drive energy sector growth through innovative funding and job creation. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702702 on TikTok: https://www.tiktok.com/@talkradio702702 on Instagram: https://www.instagram.com/talkradio702/702 on X: https://x.com/CapeTalk702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalkCapeTalk on TikTok: https://www.tiktok.com/@capetalkCapeTalk on Instagram: https://www.instagram.com/CapeTalk on X: https://x.com/Radio702CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567See omnystudio.com/listener for privacy information.

This week's conversation might seem like a step away from traditional energy sector topics—but it's not. As professionals working in high-pressure environments, many of us (engineers, executives, and frontline staff alike) face invisible strains that can quietly unravel our lives and careers. I spoke with Rebecca Fitzpatrick, Director of Criminal Law and Chief Psychologist at Timpano Legal in Perth, about how people—often from high-functioning, respected professions—can find themselves crossing legal or ethical lines, and what we can do to stay ahead of burnout, bad decisions, or worse.We covered the mental health landscape behind criminal behavior, how chronic stress affects judgment, and why early intervention matters more than we often realise. If you've ever felt stretched thin, isolated, or under quiet pressure to keep it all together, this conversation will offer a few sharp nudges to check in with yourself before things slip too far.

In this episode of the Option Block, host Mark Longo and co-hosts "Uncle" Mike Tosaw from St. Charles Wealth Management and Andrew "The Rock Lobster" Giovinazzi from Option Pit discuss the latest market trends and unusual options activity. The team delves into the market's reaction to U.S. involvement in a Middle Eastern conflict and debates its impact on volatility. They also analyze trading activity in names like Zeta Global Holdings, Appian Corp, and others, while offering strategies for managing these uncertain times. A special '80s trivia challenge takes place, adding a fun twist to the episode. 00:00 Introduction to Options Insider Radio Network 01:28 Meet the Hosts and Co-Hosts 03:43 Trivia Challenge: 1980s Edition 06:42 The Trading Block: Market Analysis 07:10 Geopolitical Events and Market Impact 22:13 Energy Sector and Market Resilience 29:03 Palantir and Circle Internet Group Analysis 30:46 HIMSS and AMD Market Movements 32:18 Tesla's Self-Driving Taxis and Earnings Preview 33:22 Odd Block: Unusual Options Activity 34:06 Zeta Global Holdings and Appian Corp Insights 45:16 Strategy Block: Box Spread Explained 50:49 Around the Block: Market Watch and Predictions  

In this episode of the Option Block, host Mark Longo and co-hosts "Uncle" Mike Tosaw from St. Charles Wealth Management and Andrew "The Rock Lobster" Giovinazzi from Option Pit discuss the latest market trends and unusual options activity. The team delves into the market's reaction to U.S. involvement in a Middle Eastern conflict and debates its impact on volatility. They also analyze trading activity in names like Zeta Global Holdings, Appian Corp, and others, while offering strategies for managing these uncertain times. A special '80s trivia challenge takes place, adding a fun twist to the episode. 00:00 Introduction to Options Insider Radio Network 01:28 Meet the Hosts and Co-Hosts 03:43 Trivia Challenge: 1980s Edition 06:42 The Trading Block: Market Analysis 07:10 Geopolitical Events and Market Impact 22:13 Energy Sector and Market Resilience 29:03 Palantir and Circle Internet Group Analysis 30:46 HIMSS and AMD Market Movements 32:18 Tesla's Self-Driving Taxis and Earnings Preview 33:22 Odd Block: Unusual Options Activity 34:06 Zeta Global Holdings and Appian Corp Insights 45:16 Strategy Block: Box Spread Explained 50:49 Around the Block: Market Watch and Predictions  

For many of my listeners—especially those studying energy, geoscience, or trying to figure out how exploration and innovation actually connect—this episode with Troy Tittlemier might help sharpen your thinking. Troy is a geologist, podcaster, and CEO of MagmaChem Research Institute. We talked about his alternative view on where oil really comes from, how curiosity shaped his career, and why persistence and humility matter more than early accolades.Troy's journey highlights the importance of deep questioning, the tension between vision and reality, and the kind of mindset needed to make long-term impact in the energy sector.

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As someone who regularly hears from students, graduates, and early-career professionals trying to break into the energy sector, I know how overwhelming it can be to figure out where to start and how to grow. That's why this episode with Brad Dore, VP of Global Marketing at EnerVenue, matters. We talked about navigating a marketing career in the energy industry, the value of real-world experience, and how to stay ready for opportunities—even when they arrive sooner than expected.Brad's story isn't about overnight success or picture-perfect planning. It's about building skills over time, staying coachable, and making purposeful connections that open doors. Whether you're a recent graduate, mid-career, or exploring a pivot into energy, this episode offers some honest advice on building momentum.

It's unlikely New Zealand will be in for a repeat of last year's power shortage. Our winter stocks are in better shape thanks to improved lake levels, extra gas supplies, and an enlarged coal stockpile has added security to the system. And although customers are still battling high energy prices, a major government review is expected in the coming weeks. Meridian CEO Mike Roan told Mike Hosking that they're deep into investing in the sector so they can overcome the challenge represented by lost gas supplies. He says they're currently stabilising the impact, and in the long term, they're in good shape. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Alberta's energy debate has long stretched beyond oil and gas, but in recent years, a wave of policy shocks has shaken investor confidence in the province's renewable sector. And while Premier Danielle Smith is sprinkling in “clean power” in her public messaging, the surprise moratorium on new wind and solar approvals in 2022 — followed by a series of restrictive regulations — continues to cast a long shadow over the future of renewables in Alberta.The government, meanwhile, says it has set out a sensible, balanced plan to grow renewables without compromising reliability or affordability. Last year, the Alberta Utilities Commission approved 24 new nenewable projects — outpacing the 12 approvals in 2023 but comparable to the 23 in 2022. The province's emphasis on natural gas as a baseload electricity source remains at odds with what some clean-energy advocates are calling for.In this episode of West of Centre Short, host Rob Brown speaks with Chris Severson-Baker, executive director of the Pembina Institute, about the fallout from Alberta's shifting regulations — and the challenges facing the renewable sector as political leaders try to chart a path forward for Canada's energy future.

In this conversation, Dylan Silver and James Hale delve into the intricacies of oil and gas investing, focusing on mineral rights, investment strategies, and the future of energy. James shares his personal experiences and insights into the oil and gas sector, highlighting the benefits of investing in mineral rights, the challenges of entering the market, and the importance of choosing the right basins for investment. The discussion also touches on the potential of energy in the context of AI and the evolving landscape of the industry.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true ‘white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a “mini-mastermind” with Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas “Big H Ranch”? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

For anyone in the energy industry working with complex supply chains, high-risk materials, or capital-intensive projects, documentation and compliance can either be a massive time sink—or a strategic advantage. In this episode, I speak with Tom Meulendijks, founder of SteelTrace, about how digital traceability is quietly transforming how we manage steel procurement, reduce project delays, and prepare for a more circular future in oil, gas, and renewables.Tom isn't from the energy world originally—and that gives him a unique lens. He shares how he went from web development to building a data-driven tool that's now used by operators to verify steel integrity, cut inspection costs, and reduce manufacturing risks.

In this episode of the All Things Sustainable podcast, we take a deep dive into methane. After carbon dioxide, methane is the greenhouse gas that contributes most to global warming. It is also far more potent than carbon dioxide. The fossil fuel sector is responsible for nearly one-third of global methane emissions from human activity, according to the International Energy Agency.  In the episode, we explore how recent advancements in monitoring and measuring have unlocked energy companies' ability to understand and address methane emissions. We look at why these emissions matter, and how curbing methane leaks in oil and gas operations is both economically and technically feasible, providing an opportunity for companies to make progress on climate goals in the near term.  We talk with Steven Hamburg, Senior Vice President and Chief Scientist at the Environmental Defense Fund (EDF), a global nonprofit tackling climate change. Steven is also the project lead of MethaneSAT, a satellite that finds and measures global methane emissions. He says he wants to create "radical transparency" by making this data widely available. He points to a "sea change" in the way the energy industry thinks about methane emissions.   "There's a realization in the industry that good practice shouldn't include these emissions," Steven says.  We also sit down with Dominic Watson, Senior Manager on the Energy Transition team at EDF+Business, a division of EDF that works with a variety of stakeholders on methane management and disclosures, including oil and gas companies.  Dominic says that cutting methane emissions from oil and gas operations is largely cost effective and can be achieved over the next few years. He notes that companies are under pressure to curb emissions and have started to view addressing methane as "core to their long-term competitiveness in the energy transition."   And we speak to Georges Tijbosch, CEO of MiQ, an independent nonprofit that aims to facilitate a rapid reduction in methane emissions from the oil and gas sector.  Georges says many of the technologies needed to address methane emissions already exist. "Yes, they need to grow. Yes, they need to scale. Yes, they need to get better — but it's all there," he tells us. "That's why I found methane so exciting. This is a problem ... we can solve this decade."  Listen to our podcast interview with oil major ExxonMobil about its approach to methane emissions and the energy transition here.  Listen to our podcast interview with natural gas company EQT about how it is tackling methane emissions here.  Learn about the S&P Global Sustianable1's Energy Transition data.  This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.     Copyright ©2025 by S&P Global            DISCLAIMER      By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.       S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.

The shift to clean energy isn't just a climate issue—it's about national security, global supply chains, and how we ensure reliable power 24/7. In this episode, I spoke with Steve Anglin, founder of Utopia, about what it takes to make real progress in harder-to-abate sectors, why concentrated solar power could be a game-changer, and how global politics and material sourcing shape the path to net zero.This conversation is useful for anyone in energy who wants a deeper grasp of the challenges around industrial heat, battery materials, and the practicalities of powering economies without fossil fuels. We also unpack how tariffs, hydrogen, and microgrids fit into the wider picture.

EASY LISTENING DEP'T.: The president of the United States somehow becomes an adjective attached to a “broadside,” a broadside that then “embroils” the South African president. This generates a mood, a mood of “tension.” And then comes a little action, sharing a video, but the video is only "echoing false assertions over white genocide." “Over” is just a weird space-filler, wrong choice of preposition there. Apparently, “of” would have left the line too short. But what is this “echo” of an “assertion?” Where was the assertion coming from that the video that the president of the United States played only contained a reflection of its substance? Please visit, read, and support INDIGNITY! https://www.indignity.net/

Send us a textIn this episode, we sit down with a second-generation family office specializing in oil, gas, and energy investments. With 30 years of experience, the firm has evolved to take on outside capital and recently completed several full-cycle projects over the past three years. Based in North Texas, they currently have investments in the region and are even exploring the emerging carbon credit space.The discussion delves into the future of the energy industry, touching on potential disruptions driven by new regulations, market fluctuations, and opportunities for growth. The guest reflects on how the industry has shifted over the years, offering valuable insights on navigating price volatility, finding long-term project stability, and taking advantage of market downturns. Plus, they share how the family office capitalized on low valuations in the early 2000s, positioning them for success even in tough times.Tune in for a fascinating conversation on the evolving energy landscape and the strategies behind thriving in it.