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This week, our guest is Dr. Heather Exner-Pirot, a Senior Fellow and Director of Energy, Natural Resources and Environment at the Macdonald-Laurier Institute in Ottawa, a Special Advisor to the Business Council of Canada, and a Research Advisor to the Indigenous Resource Network. Heather has twenty years of experience in Indigenous, Arctic and resource development and governance. She has published on Indigenous economic and resource development, energy security, and politics. Here are some of the questions that Peter and Jackie asked Heather: Does Canada have defense and security issues in the north? Politicians, including our Prime Minister, support Arctic export ports—do you expect to see new export corridors to the north? The Russians ship LNG from the Arctic, so why not Canada? What are your concerns about Prime Minister Mark Carney's climate policy, as outlined in his Liberal leadership and election platforms? What are the issues with Canada's greenwashing rules that were made law about one year ago? How would you recommend Canada move forward with speeding up the development of large projects—should the Impact Assessment Act (Bill C-69) be scrapped or just modified? What are the prospects for deploying small or micro nuclear reactors (SMRs) in the north? What does the future hold for Indigenous equity participation in major projects? Content referenced in this podcast:Northern Corridors: Hype or Hope? Macdonald-Laurier Institute, April 2025 Heather Exner-Pirot: Mark Carney's climate plan is already outdated, The Hub, February 2025 Canada's Greenwashing Amendment: A failure of process and policy, Macdonald-Laurier Institute, February 2025 From emergency to miracle – Germany's LNG Acceleration Law shows that Western states can still build when they need to, Macdonald-Laurier Institute, January 2024 Learn more about Ontario Power Generation's SMR project, including a video of the site preparation progress, Spring 2025Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify
Canada and the world are facing a momentous energy challenge. With energy demand soaring, aging infrastructure, population growth, and artificial intelligence rapidly advancing, the pressure on our energy systems has never been greater.On April 10, 2025, join us at the Empire Club of Canada for an insightful conversation with Nicolle Butcher, President and CEO of Ontario Power Generation (OPG) – one of North America's most diverse electricity generators. Nicolle will discuss how OPG plans to help grow Ontario's economy and energy sector supply chains through first-of-a-kind technologies, new generation developments, and one of the nation's largest refurbishment programs.This event marks Nicolle Butcher's first address as CEO of OPG, where she will outline her vision for OPG. The fireside chat will be moderated by Amanda Galbraith, Partner at Oyster Group.Don't miss this opportunity to hear from a leader at the forefront of shaping our energy landscape.*The content presented is free of charge but please note that the Empire Club of Canada retains copyright. Neither the speeches themselves nor any part of their content may be used for any purpose other than personal interest or research without the explicit permission of the Empire Club of Canada.**Views and Opinions Expressed Disclaimer: The views and opinions expressed by the speakers or panelists are those of the speakers or panelists and do not necessarily reflect or represent the official views and opinions, policy or position held by The Empire Club of Canada.*
In this episode of Welcome to Cloudlandia, we start by discussing the unpredictable nature of Toronto's weather and its amusing impact on the city's spring arrival. We explore the evolution of Formula One pit stops, highlighting the remarkable advancements in efficiency over the decades. This sets the stage for a conversation with our guest, Chris Collins, who shares his insights on balancing fame and wealth below the need for personal security. Next, we delve into the intricacies of the VCR formula—proposition, proof, protocol, and property. I share my experiences from recent workshops, emphasizing the importance of transforming ideas into intellectual property. We explore cultural differences between Canada and the U.S. in securing property rights, highlighting the entrepreneurial spirit needed to protect one's innovations. We then examine the role of AI in government efficiency, with Elon Musk's technologies revealing inefficiencies in civil services. The discussion covers the political and economic implications of misallocated funds and how the market's growing intolerance for waste pushes productivity and accountability to the forefront. Finally, we reflect on the transformative power of technological advancements, drawing parallels to historical innovations like the printing press. SHOW HIGHLIGHTS We discussed the VCR formula—proposition, proof, protocol, and property—designed to enhance communication skills and protect innovations. This formula is aimed at helping entrepreneurs turn their unique abilities into valuable assets. We touch on the unpredictable weather of Toronto and the humor associated with the arrival of spring were topics of discussion, offering a light-hearted start to the episode. Dan and I share insights on the evolution of Formula One pit stops, showcasing human innovation and efficiency over time. We examined the challenges faced by entrepreneurs in protecting their intellectual property and explored cultural contrasts between Canada and the U.S. regarding intellectual property rights. The episode delved into the implications of AI in improving government efficiency, highlighting how technologies reveal civil service inefficiencies and drive accountability. We reflected on the transformative power of historical innovations such as the printing press and electricity, drawing parallels to modern technological advancements. The conversation concluded with reflections on personal growth, including insights from notable figures like Thomas Edison and Peter Drucker, and a preview of future discussions on aging and life experiences. Links: WelcomeToCloudlandia.com StrategicCoach.com DeanJackson.com ListingAgentLifestyle.com TRANSCRIPT (AI transcript provided as supporting material and may contain errors) Dean: Mr Sullivan. Dan: That feels better. Dean: Welcome to Cloudlandia, yes. Dan: Yes indeed. Dean: Well, where in the world? Dan: are you? Dean: today, toronto. Oh, you're in Toronto. Okay, yeah, where are you? Yeah? Dan: where are you? Dean: I am in the courtyard at the Four Seasons Valhalla in my comfy white couch. In perfect, I would give it 73 degree weather right now. Dan: Yes, well, we're right at that crossover between middle winter and late winter. Dean: You never know what you're going to get. It could snow or it could be. You may need your bikini, your Speedo or something. Dan: I think spring in Toronto happens, I think somewhere around May 23rd, I think somewhere around. May 23rd, and it's the night when the city workers put all the leaves on the trees. Dean: You never know what you're going to get. Until then, right, it just might snow, and they're stealthy. Dan: They're stealthy and you know, I think they rehearse. You know, starting in February, march, april, they start rehearsing. You know how fast can we get all the leaves on the trees and they do it all in one night they do it and all. I mean they're faster than Santa Claus. I mean they're. Dean: Have you seen, Dan? There's a wonderful video on YouTube that is a comparison of a Formula One pit stop from the 1950s versus the 2013 Formula One in Melbourne, and it was so funny to show. Dan: It would be even faster today. Dean: It would be even faster today. Oh yeah, 57 seconds it took for the pit stop in the 50s and it was 2.7 seconds at Melbourne it was just amazing to see. Dan: Yeah, mark young talks about that because he's he's not formula one, but he's at the yeah, he's at the level below formula one right, every, uh, every minute counts, every second counts oh, yeah, yeah, and uh, yeah, he said they practice and practice and practice. You know it's, it's, if it can be measured. You know that there's always somebody who's going to do it faster. And yeah, yeah, it's really, really interesting what humans do. Dean: Really interesting what humans do. I read something interesting or saw a video and I've been looking into it. Basically, someone was saying you know, our brains are not equipped for omniscience, that we're not supposed to have omniscient knowledge of everything going on in the world all at once. where our brains are made to be in a local environment with 150 people around us, and that's what our brain is equipped for managing. But all this has been foisted on us, that we have this impending. No wonder our mental health is suffering in that we have this impending when you say our, who are you referring to? Society. I think you know that's what they're. Dan: Yeah, that's what they're saying like across the board. Dean: Who are they? Yes, that's a great question. Dan: You know I hear this, but I don't experience any of it. I don't feel foisted upon. I don't feel overwhelmed. Dean: You know what I? Dan: think it is. I think it is that people who feel foisted upon have a tendency to talk about it to a lot of other people. Dean: But people who don't feel foisted upon. Dan: Don't mention it to anybody. Dean: It's very interesting. Do you know Chris Collins? Do you know Chris Collins? Dan: He wrote the really great book collection called I Am Leader. Dean: It's really something. He's a new genius. He's a new Genius Network member. Dan: Oh, Chris, oh yeah, oh yeah, chris, yeah, does he have repair shops? His main business is auto Auto. Dean: Yeah, oh yeah, chris, yeah, he does. He have repair shops His main business is auto, auto, auto dealership. Dan: He does auto dealerships. Dean: Yeah, that's right. Dan: Yeah, chris was in. Chris was in the program way back with 10 times around the same time when you came 10 times. He was in for about two years oh okay, interesting. Yeah and yeah, he was at the last Genius you know, and he's got a big, monstrous book that costs about $300. Dean: Yes, I was just going to talk about that. Yeah. Dan: We got one, but I didn't have room in my bags, you know. Dean: I budget. Dan: You know how much. Dean: I'm going to take and how much I'm going to bring back, and that was just too, much so, yeah, so yeah, yeah. He's very bothered. Oh, is he? Okay, yeah, I don't know him, I just I saw him. Dan: I got that what he talked about was this massive conspiracy. You know that they are doing it to them or they're doing it to us interesting interesting I don't experience that. What I experience is mostly nobody knows who I am. Dean: That's the best place to be right. Dan: They only know of you. Somebody was saying a very famous person showed up at a clinic in Costa Rica and he had eight bodyguards, eight bodyguards and I said yes, why is that expensive? That must be really expensive, having all those bodyguards. I mean, probably the least thing that was costly for one is having is having himself transformed by medical miracles. But having the bodyguards was the real expense. So I had a thought and I talked to somebody about this yesterday. Actually, I said my goal is to be as wealthy and famous just to the point where I would need a bodyguard. But not need the bodyguard just below where I would need a bodyguard, but not need the bodyguard Just below, where I would need a bodyguard, and I think that would be an excellent level of fame and wealth. Not only do you not have a bodyguard, but you don't think you would ever need one. That's the big thing, yeah. Dean: I love that. Dan: That that's good yeah that's a good aspiration yeah, yeah, so far I've succeeded yes, so far you are on the uh. Dean: Yeah, on the cusp of 81 six weeks seven weeks to go yeah, getting close. That's so good. Yeah, yeah, this. How is the new book coming? Dan: Yeah, good, well, I've got several because I have a quarterly book. Dean: Yeah, I'm at the big casting, not hiring. Dan: Yeah, really good. Each of us is delivering now a chapter per week, so it's really coming along. Great, yeah, and so we'll. Our date is may 26th for the everything in um before their editing can start, so they will have our, our draft will be in on may 26th and then it's over to the publisher and you know there'll be back and forth. But Jeff and I are pretty, jeff Madoff and I are pretty complete writers, you know. So you know it doesn't need normal. You know kind of looking at spelling and grammar. Dean: Right, right, right. Is that how you? Are you writing as one voice or you're writing One voice? One voice, one voice. Dan: Yeah, but we're writing actually in the second person, singular voice, so we're writing to the reader. So we're talking about you this and you this, and you this and you this, and that's the best way to do it, because if you can maintain the same voice all the way through, that's really good. I mean, jeff, we have a different style, but since we're talking to the reader all the way through, it actually works really well so far, and then we'll have you know, there'll be some shuffling and rearranging at the end. Dean: That's what I wondered. Are you essentially writing your separate, are you writing alternate chapters or you're writing your thoughts about one chapter? Dan: We have four parts and the first three parts are the whole concept of businesses that have gone theatrical, that have gone theatrical and we use examples like Ralph Lauren, Four Seasons. Hotel Apple. You know who have done Starbucks, who have done a really great job, and Jeff is writing all that because he's done a lot of work on that. He's, you know, he's been a professor at one of the New York universities and he has whole classes on how small companies started them by using a theatrical approach. They differentiated themselves extraordinarily in the marketplace, and he goes through all these examples. Plus he talks about what it's like to be actually in theater, which he knows a great deal about because he's a playwright and a producer. The fourth part is on the four by four casting tool and that's got five sections to it and where I'm taking people, the reader, who is an entrepreneur, a successful, talented, ambitious entrepreneur who wants to transform their company into a theatrical-like enterprise with everybody playing unique roles. So, that's how I've done it, so he's got the bigger writing job than I do but, mine is more directive. This is what you can do with the knowledge in this book. So we're writing it separately, and we're going to let the editor at the publishing house sort out any what goes where. Dean: Put it all together. Dan: Yeah, and we're doing the design on it, so we're pretty steadily into design projects you know, producing a new book. So we've got my entire team my team's doing all the backstage arrangements. Jeff is interviewing a lot of really great people in the theater world and you know anything having to do with casting. So he's got about. You know probably to do with casting. So he's got about probably about 12 major, 12 major interviews that he'll pull quotes from and my team is doing all the setup and the recording for him so so. Jeff. Jeff showed up as Jeff and I showed up as a team. That's great. Oh, that's great, that's awesome yeah, yeah, in comes, but not without six others, right, right with your. Dean: You know, I had a friend who used to refer to that as your utility belt. Right that you show up and you've got strapped on behind you. Dan: You've got your design, got it writing got it video, got it your whole. Yeah, strapped on behind you, you've got your design Got it Right. Dean: Yeah, yeah, yeah. Dan: And capability crew. Yeah, and to a certain extent I'm role modeling the, the point of the book, you know, and the way we're going about this and and you know, and more and more so, I find probably every quarter my actual doing um of production and that gets less and less and I'm actually finding um, I'm actually finding my work with perplexity very useful because it's getting me better at prompting my team members yes yeah, with perplexity, if you don't give it the right prompt, you don't get the right outcome. You know, yeah, and more and more I'm noticing I'm getting better at giving really, really, really great prompts to my artists, to the writers who are working with me, the interviewers, everything so, um, yeah, so it's been very, very helpful. I I find uh, just in a year of perplexity, I've gotten much more uh precise about exactly what I want. Dean: Yeah. Dan: Yeah. Dean: Yeah, defining right. I mean that's pretty. Yeah, yeah, that's really great. And knowing that, a lot of it, so much of that prompting, that's the language that's been adopted for interfacing with AI, chat, gpt and perplexity. Dan: The prompts that you give are the things. Dean: But there's so much of that. That's true about team as well, right? Oh yeah, being a better AI prompter is a better team prompter. Yeah yeah, being a better AI prompter is a better team prompter. Dan: Yeah, yeah, and you know I have a book coming out Now that I'm talking to you about it it may be the next book that would start in June and it's called Technology Coaching Teamwork and it has like three upward arrows that are, uh, you know, in unison with each other. There are three and I said that I think in the 21st century all businesses really have three tracks to them. They have a technology track, they have a teamwork track and they have a coaching track in the middle and that um in the 20th century, we considered management to be the basis. You know, management is the basis for business but. I think management has actually been um superseded, um by um superseded by electronics, you know actually it's the electronics are now the management, the algorithms are now the management and then you have the people who are constantly, you know, creating new technology, and you have human teamwork that's creating new things, because it's ultimately humans that are knocking off everything you know right. And then in the middle is coaching, and coaching goes back and forth between the teamwork and the technology. Technology will always do a really shitty job of coaching yes, I bet that's true, and teams will always do a sort of shitty job of uh knowing how to use technology and there has to be an interface in the middle, that's a human interface and it's a coaching, because coaching takes in a lot of factors, not just action factors or planning factors, but it takes in aspirational factors. It takes in learning factors. It takes in, you know, all sorts of transformational factors and that's a, that's a mid role. Yeah. Dean: Yes, yeah. Dan: And if you look at what you do best, it's probably coaching. Dean: Yeah, I wonder. I mean that's kind of. Dan: Joe Polish. It was Joe Polish, where he probably does best. He's probably a great coach. Dean: Yeah, I think that's true. Yeah, I think that's true. I've really been getting a lot of insight around going through and defining the VCR formula. You know proposition, proof, protocol and property. That's a. I see the clarity that. You know. There's a different level of communication and intention between. Where my I really shine is between is propositions and proof, like getting something knowing, guessing. You know we were. I was going to talk today too about guessing and betting. I've been really thinking about that. That was a great exercise that we did in our workshop. But this idea that's really what this is is guessing. I seem to have this superpower for propositions, like knowing what would be the thing to do and then proving that. That's true. But then taking that proof and creating a protocol that can be packaged and become property is a. That's a different skill set altogether and it's not as much. It's not as much. My unique ability, my superpower zone, is taking, you know, making propositions and proving them. I'm a really good guesser. Dan: That's my strength yeah. Yeah, I think the what I'm doing because it's, um, I'm really thinking a lot about it based on the last, um, uh, free zone workshop, which I did on monday and, uh, you know, monday of the week before last in toronto, where you were yeah, and and then I did it on Thursday again and I reversed the whole day oh really I reversed the whole day. I started off with guessing and betting and then indecision versus bad decision. And then the afternoon I did the second company secret and it worked a lot better. The flow was a lot better. Company secret and it worked a lot better. The flow was a lot better. But the big thing is that people say well, how do I? Um, I I just don't know how I you know that. Um, I'm telling them and they're asking me. So I'm telling them every time you take your unique ability and help someone transform their DOS issues, you're actually creating perspective. Intellectual property. And they said, well, I don't see quite how that works. I don't see how that works, so I've been, you know, and I'm taking them seriously. They don't see how that works. So I said, well, the impact filter is actually the solution. Okay, because you do the DOS question with them. You know, if we were having this discussion a year from now and you were looking back over the year, what has to have happened for you to feel happy with your progress? Okay, and specifically, what dangers do you have that need to be eliminated, what opportunities do you have that need to be captured, and what strengths do you have that need to be maximized? And there's a lot of very interesting answers that are going to come out of that, and the answers actually their answers to your question actually are the raw material for creating intellectual property the reason being is that what they're saying is unique and how you're listening to it is unique because of your unique ability so the best thing is do it, do an impact filter on what your solution is. So the best solution is best result solution is this. Worst result solution is this. And then here are the five success criteria, the eight success criteria that we have to go through to achieve the best result and that is the basis for intellectual property. Dean: What you write in that thing. Dan: So that's where I'm going next, because I think if we can get a lot of people over that hump, you're going to see a lot more confidence about what they're creating as solutions and understanding that these solutions are property. Dean: Yes. Dan: That's what I'm saying, that's what I'm thinking. Dean: Yeah, that's your guessing and betting yeah yes I agree and I think that that uh you know, I mean, I've had that to me going through this exercise of thinking, through that vision, column you know that the ultimate outcome is property, and once you have that property, it becomes it's a capability. Dan: It's a capability. Now right, that's something that you have. If it's not property, it's an opportunity for somebody to steal something ah right exactly. Yeah, I just think there's an inhibition on the part of entrepreneurs that if they have a really neat solution but it's not named and packaged and protected, um, it isn't going to really do them any good because they're going to be afraid. Look, if I say this, I'm in a conference somewhere and I say this, somebody's going to steal it. Then they're going to use it, then I I can't stop them from doing that. So the way I'm going to stop people from stealing my creativity is not to tell people what I'm creating. Right, it's just, it's just going to be me in my basement. Dean: Yeah, I bet no. Dan: I bet the vast majority of creative entrepreneurs they're the only ones who know they're creative because they're afraid of sharing their creativity, because it's not distinct enough that they can name it and package it and project it, getting the government to give you a hand in doing that Right yeah. Yeah, and I don't know maybe it's just not a goal of theirs to have intellectual property. Maybe it's you know it's a goal of mine to have everything be intellectual property, but maybe it's just not the goal of a lot of other people. Dean: What do? Dan: you think. Dean: I think that once you start to understand what the practical you know value, the asset value of having intellectual property, I think that makes a big difference. I think that's where you're, I mean you're. It's interesting that you are certainly leading the way, you know. I found it fascinating when you mentioned that if you were, you know, were measured as a Canadian company, that it would be the ninth or something like that. Dan: Yeah, during a 12-month period 23 to 24,. Based on the research that the Globe and Mail Toronto paper did, that the biggest was one of the big banks. They had the most intellectual property and if our US patents counted in Canada because I think they were just, they were just counting Canadian government patents that we would have been number nine and we're. you know, we're a tiny little speck on the windshield, I mean we're not a big company, but what I notice when I look at Canada very little originality is coming out of Canada and, for example, the biggest Canadian company with patents during that 12-month period was TD Bank. Yeah, and they had 240. 240, I mean that might be how many Google send in in a week. You know that might be the number of patents. That wouldn't be necessarily a big week at Google or Amazon or any of the other big American, because Americans are really into Americans are really, really into property. That's why they want Greenland. Dean: And Panama. Dan: And Alberta. Dean: Panama, alberta and Greenland. Dan: And the Gulf of America, yeah, the Gulf of America and property. Dean: Even if it's not actual. They want titular property. Dan: Yes. Dean: Yeah, yeah. Dan: And I haven't seen any complaints from Mexico. I mean, I haven't seen any complaints. Maybe there have been complaints, but we just haven't seen them. No, no, from now on it's the Gulf of America, which I think is rather important, and when Google just switches, I mean, google hasn't been a very big Trump fan and yet they took it seriously. Yeah, now all the tech's official. It's interesting talking to people and they say what's happening? What's happening? We don't know what's happening. I say, well, it's like the end of a Monopoly game. One of the things you have to do when you end one Monopoly game is all the pieces have to go back in the box, like Scrabble. You play Scrabble, all the pieces go back in the box at the end of a game. And I said, this is the first time since the end of the Second World War that a game is ending and all the pieces are going back into the box, except when you get to the next step. It's a bigger box, it's a different game board, there's more pieces and different rules. So this is what's happening right now. It's a new game the old game is over, new game is starting and, um, if you just watch what donald trump's doing, you're getting an idea what the new game is. Yeah, I think you're right, and one of the new game is intellectual property. Intellectual property I think this is one of the new parts of the new game. And the other thing is it's all going to be one-to-one deals. I don't think there's going to be any more multi-party deals. You know, like the North American Free Trade Act, supposedly is the United States, canada and Mexico In Europe. If you look at it, it's Canada and Mexico, it's Mexico and the United States and it's the United States and Canada. These are separate deals. They're all separate deals. That's what I think is happening. States, Canada and these are separate deals. They're all separate deals. Oh, interesting, yeah, and that's what I think is happening. It's just one-to-one. No more multilateral stuff it's all one-to-one. For example, the US ambassador is in London this week and they're working out a deal between the UK and the United States, so no tariffs apply to British, british products oh interesting yeah and you'll see it like the European Union. I was saying the European Union wants to have a deal and I said European Union, where is the European Union? You know where is? That anyway, yeah yeah, I mean, if you look at the United Nations, there's no European Union. If you look at NATO, there's no European Union. If you look at the G20 of countries, there's no European Union. There's France, there's Germany. You know, there's countries we recognize. And I think the US is just saying if you don't have a national border and you don't have a capital, and you don't have a government, we don't think it exists. We just don't think it exists. And Trump often talks about that 28 acres on the east side of Manhattan. He says boy, boy. What we could do with that right, oh, what we could do with that. You know they should. Just, you know who can do that. Who can do? United Nations, switzerland, send it to Switzerland. You know that'd be a nice place for the send it to there, you know like that and it just shows you that that was all. All those institutions were really a result of the Second World War and the Cold War, which was just a continuation of the Second World War. So I think that's one of the really big things that's happening in the world right now. And the other thing I want to talk to you about is Doge. I think Doge is one of the most phenomenally big breakthroughs in world history. What's happening with Elon Musk and his team. Dean: Yeah, I know you've been really following that with great interest. Tell me what's the latest. Dan: It's the first time in human history that you can audit government, bureauc, audit government, bureaucratic government, the part of government. You don't see Millions and millions of people who are doing things but you don't know what they're doing. There's no way of checking what they're doing. There's no way for them. And it was proven because Musk, about four weeks ago, sent out a letter to every federal employee, said last week, tell me five things that you did. And the results were not good. Dean: Well, I think the same thing is happening when people are questioned about their at-home working accomplishments too. Yeah, but that's the Well, lamar Lark, you know. Dan: Lamar. I don't think you've ever met Lamar. He's in the number one Chicago Free Zone workshops, so we have two and a quarter and he's in the first one. And he has all sorts of interesting things. He's got Chick-fil-A franchises and other things like that, okay, and he created his own church, which is a very I have met Lamar yeah, which is a very American activity. Dean: It creates your own church, you know yes yes, yeah. Dan: That's why Americans are so religious is because America is the first country that turned religion into an entrepreneurial activity. Got yourself a hall. You could do it right there in the courtyard of the Valhalla. How many chairs could you? If you really pushed it, how many chairs could you get into the courtyard? Let's see One, two three, four, five, not like the chair you're sitting on. No, I'm kidding. Dean: I'm just envisioning it. I could probably get 50 chairs in here. Dan: You got yourself, you know and set it up right, Get a good tax description yeah, you got yourself a religion there. That's great. And you're kind of tending in that direction with the word Valhalla, that's exactly right. Dean: Yes, would you. Dan: I'd pay to spend an hour or two on Sunday with you. Dean: But here's the big question, Dan Would you be committed enough to tithe? Dan: Oh yes, oh yes. Dean: Then we'd really be on to something you know. We could just count on you for your tithe to the church. That would be. Dan: That would really get us on our feet, but anyway, I was telling this story about Lamar. So he and his wife have a friend, a woman, who works for the federal government in Chicago, and so they were just talking over dinner to the person and they said, well, what's your day work, what's your day you know when do you go into the? office. When do you go into the office? When do you go into the office? And she says, oh, I haven't been to the office since before COVID. No, I know we are the office. And so they said, well, how does your home day work? And she says, well, at 830, you got to. You got to check in at 830. You check in at 830, you go online and then you put your j in at 8.30. Dean: You check in at 8.30, you go online and then you put your jiggler on Jiggler, exactly I've heard about this and they said what's the jiggler? Dan: Well, the jiggler moves. Your mouse keeps checking into different. It keeps switching to different files, positions, yeah, yeah, files. And that's the only thing that they can record from the actual office is that you're busy moving from one file to the other. And he says, well, what are you doing while that's happening? She said, well, I do a lot of shopping, you know I go out shopping and we have you know, and they come back and it goes from. You know it'll stop because there's coffee time, so we'll stop for 10 minutes for coffee and then it'll stop for lunch and stop for afternoon coffee. And then I checked out and I always check in five minutes early and I always check five minutes late, that's amazing, isn't it? that's what that's what elon Elon Musk is discovering, because Elon Musk's AI can actually discover what they did, and then it's hard for the person to answer what were the five things you did last week? You know, and the truth is that I think I'm not saying that all civil servants are worthless. I'm not saying that at all. You have it right now. It's recorded here. Your mechanism is recording that. I'm not saying that all civil servants are worthless but I do think it's harder and harder for civil servants to prove their value, because you may have gone to five important meetings, but I bet those meetings didn't produce any result. It's hard for any civil servant and you can say what you did last week. I can say what I did last week, but you were basically just meeting with yourself. Yeah, that's I saw somebody and you produce something and you made a decision and something got created and that's easy to prove. But I don't think it's easy in the civil service to prove the value of what you did the greatest raw resource in America for taking money that's being spent one way taking that money away and spending on something else. I think this is the greatest source of financial transformation going forward, because about 15 states all of them Republican states have gotten in touch with Elon Musk and say whatever you're doing in Washington, we want to do here, and I just he believes, according to his comments, that every year there's $3 trillion that's being badly spent $3 trillion you know, I got my little finger up to my mouth. $3 trillion, you know, this is that's a lot of you know, I'm at the point where I think a million is still a big deal. You know, trillion is uh, yeah, uh. Dean: I saw that somebody had invented a uh algorithm reader. They detected an algorithm in the like a fingerprint in the jiggler software. Oh that, yeah, so that you can overlay this thing and it would be able to identify that that's a jiggler that's a jiggler. Dan: That's a jiggler yeah, you got to because behind the jiggler is the prompter. Dean: The jiggler busters. Dan: Yes, exactly, he was on. He was interviewed, he and six members of his Doge team, you know, and how they're talking about them being 19 and 20 year olds, about them being 19 and 20 year olds. These were part. These were powerful people who had stepped away from their companies and their jobs just for the chance to work with the Elon. One guy had five companies. He's from Houston, he had five companies and he's taken leave from his company for a year. Just to work on the doge project. Yeah, and so that guy was talking and he said you know what we discovered? The small business administration, he said, last year gave 300 million dollars in loans to children under 11 years old wow to their to that a person who had their social security number, their social insurance number. Right, and during that same year, we gave $300 million in loans to people who were over 120 years old. Dean: Wow. Dan: That's $600 million. That's $600 million, that's almost a billion. Anyway, that's happening over and over. They're just discovering these and those checks are arriving somewhere and somebody's cashing those checks, but it's not appropriate. So I think this is the biggest deal. I think this changes everything, and I've noticed that the Democratic Party is in a tailspin, and has been especially since they started the Doge project, because the people doing the jiggling and the people who where the checks are going to the run I bet 90% of them are Democrats the money's going to democratic organizations, since going to democratic individuals and they're going to be cash strapped. You know that they've been. This isn't last year, this goes back 80 years. This has been going on since the New Deal, when the Democrats really took over Washington. And I bet this I bet they can track all the checks that went back 80 years. Dean: I mean, this is that's really something, isn't it? I was just thinking about yeah, this kind of transparency is really like. I think, when you really get down to it, we're getting to a point where there's the market does not support inefficiency anymore. It's not baked in. If you have workers for instance, most of the time you have salaried workers your real expectation is that they're going to be productive. I don't know what the actual stats are, do you know? But let's say that they're going to be actually productive for 50% of the time. But you look at now just the ability to, especially on task-related things or AI type of things um, collins, chris no, chris johnson's um, um, oh yeah um uh, you know the the ai dialers there, of being able, there's zero. Dan: They were doing, um, you know they were doing. Maybe you know the dialers were doing. You know, because some of the sometimes the other, the person at the other end they answered and they'd have a you know five minute call or something like that. So in a day in a day, like they have an eight hour thing they might do you know. 50, 50 call outs 50 or 60 calls yeah, his. Ai does 25,000 calls a minute. Dean: Exactly that's. What I mean is that those things are just that everything is compressed. Now there's no, because it's taken out all the air, all the fluff around it. What humans come with. You're right what you said earlier about all the pieces going back in the box and we're totally reset. Yeah, I think we're definitely that you know yeah and the thing thing about this. Dan: What I found interesting is that the request coming in from the states that they moved the doge you know the process department of government efficiency that I. I think he's putting together a vast system that can be applied to any government you know, it could be, and, uh, and, but the all the requests came in from republican states, not from Democratic states, waste and abuse and waste and fraud. probably for the over last 80 years, has been the party in the United States which was most invested in the bureaucracy of the government you know. And yeah, I mean, do you know anybody who works for the government? I mean actually, I mean you may have met the person, but I mean, do you know anybody who works for the government? I mean actually, I mean you may have met the person but I mean, I don't know. Do you do, do you know anybody who works for the government? I don't believe, I do, really, and I do, and I don't either right, I don't I don't, I don't, neither you know I mean, I mean everybody I know is an entrepreneur everybody I know is entrepreneurial. And yeah, the people who aren't entrepreneurial are the families. You know they would be family connections of the entrepreneurs. I just don't know anybody who works for the government. You know, I've been 50 years and I can't say I know anybody who works for the government but, there's lots of them. Yeah, yeah so they don't they. They're not involved in entrepreneurial circles, that's for sure. Dean: It's Ontario Hydro or Ontario Power Generation. Is that the government? No, that's the government, then I do. I know one person. I know one person that works for the government. Dan: All right, Send him an email and say what are five things you did last week? Yeah, what? Dean: did you do last week? Dan: Oh my goodness, that's so funny, impress me. Dean: Yes. Dan: Yeah. Dean: Yeah. Dan: I think it's a stage in technological development, I think it's a state, just where it has to do with the ability to measure, and this has been a vast dark space government that you can't really, yeah, and in fairness to them, they couldn't measure themselves. In other words, that they didn't have the ability, even if they were honest and forthright and they were committed and they were productive, they themselves did not have the ability to measure their own activities until now. And I think, and I think now they will, and I think now they will, and, but but anyway, I just think this is a major, major event. This is this is equal to the printing press. You know this is equal to to electricity. You can measure what government does electricity. You can measure what government does In the history of human beings. This is a major breakthrough. That's amazing. Dean: So great Look around. You don't want a time to be alive. Dan: Yeah, I mean depending on where you work I guess that's absolutely true. Dean: I've been listening to, uh I was just listening, uh just started actually a podcast about uh, thomas edison, uh this is a really great podcast, one of my great, one of my great heroes. Yes, exactly, the podcast is called Founders. Dan: Founders yeah. Dean: Founders. Yeah, david Sunra, I think, is the guy's name and all he does is he reads biographies and then he gives his insights on the biographies. It's just a single voice podcast. It's not like guests or anything, it's just him breaking down his lessons and notes from reading certain reading these biographies and it's really well done. But he had what turned me on he did. I first heard a podcast he did about Albert Lasker, who was the guy, the great advertising guy, the man who sold America and yeah, so I've been listening through and very interesting. But the Thomas Edison thing I'm at the point where he was talking about his first things. He sold some telegraph patent that he had an idea that he had created for $40,000, which was like you know a huge amount of money back then and that allowed him to set up Menlo Park. And then at the time Menlo Park was kind of out in the middle of nowhere and you know they asked why would you set up out there? And no distractions. And he created a whole you know a whole environment of where people were undistracted and able to invent and what you know. If they get bored, what are they going to do? They're going to invent something, just creating this whole environment. Dan: Well, he wasn't distractible because he was largely deaf. He had childhood injury, yeah, so he wasn't distracted by other people talking because he couldn't really make out. So you know, he had to focus where he could focus. And yeah, there is actually in my hometown, which his hometown is called Milan, ohio. I grew up two miles. I grew up I wasn't born there, but when I was two years old, we moved to a farm there. It was two miles from Edison. His home is there. It's a museum. Dean: Milan. Dan: Ohio and that was 1830s, somewhere 1838, something like that. I'm not quite sure. But there's a business in Norwalk, Ohio, where we moved from the farm when I was 11 years old Ohio, where we moved from the farm when I was 11 years old, and there's a business in there that started off as a dynamo company. Dynamo was sort of like an electric generator. Dean: Yeah, and we had dynamo in Georgetown. Dan: on the river, yeah, and that business continues since the mid-1800s, that business continues, and everything like that. My sense is that Edison put everything together that constitutes the modern scientific technological laboratory. In other words that Menlo Park is the first time you've really put everything together. That includes, you know, the science, the technology, the experimentation the creation of patents, the packaging of the new ideas, getting investment from Wall Street and everything. He created the entire gateway for the modern technological corporation, I think. Dean: I think that's amazing, very nice. I like to look at the. I like to trace the timelines of something right, like when you realize it's very interesting when you think and you hear about the lore and you look at the accomplishments of someone like Thomas Edison or Leonardo da Vinci or anybody, you look at the total of what you know about what they were able to accomplish, but when you granularly get down to the timeline of it, you don't, like you realize how. I think I remember reading about da vinci. I think he spent like seven years doing just this one uh, one period of projects. That was uh, um. So he puts it in perspective right of a of the, the whole of a career, that it really breaks down to the, the individual, uh chapters, that that make it up, you know, yeah, and it's funny, I've written about somebody, Jim Collins the good to great author. I heard him. His kind of hero was Peter Drucker and he remembers going to Peter Drucker and he had a bookshelf with all of his books. I think he had like 90 books or something that he had written, Peter Drucker, and he had them. Jim Collins set them up on his bookshelf and he would move a piece of tape that shows his current age against the age that Peter Drucker was when he had written those things and he realized that at you know, 50 years old, something like you know, 75% of Peter Drucker's work was after that age and even into his 80s or whatever. Dan: Yeah, most of my work is after 70. I was just going to say yeah, exactly, I look at that. You look at all of the things and then at 70, yeah, yeah, the actual stuff I've created is really yeah, that's when I really started to produce a lot after 70. Dean: Mm-hmm. Dan: Yeah, a lot of R&D. I did a lot of R&D. Dean: Right. Dan: Exactly, yeah, yeah, yeah. And you know, my goal is that 80 to 90 will be much more productive than 70 to 80. Yeah, I was talking to someone today interesting, very interesting physical fitness guy here in Toronto and he's a really great chiropractor so he's working. So I have I'm making great progress with the structural repair of my left knee. But there's all sorts of functional stuff that has to come along with it and he's my main man for doing this. But he was talking, he's 50, and he said you know, my goal is that 60 to 70 is going to be my most active part of my life, you know, from mountain climbing to all these different really high endurance athletics and sports, and so we got talking and I just shared with him the idea that the real goal you should have or which covers a lot of other areas is that, if you're like my goal for 90, I'm just going on 81, my goal for 90 is that I'm more ambitious at 90 than I am at the present. Dean: And. Dan: I said that's what that almost seems impossible, impossible well, well it is if you're just looking at yourself as a single individual yeah but if you're looking at yourself as someone who has an expand team, it's actually very possible. Dean: Yeah, yeah yeah, you're mine are those potato chips no, it's a piece of cellophane wrapped around something. That was the word right Retired. And they've been retired for about five years or so and I hadn't seen them in a couple of years. But it's really interesting to, at 72, the uh, you know the, just the level you can tell just physically and everything mentally, everything about them. They're on the, the decline phase of the thing they're not ramping up. You know, like just physically they are, um, you know they're, they're big, um cruisers. You know they've been going on cruises now every every six weeks or so, but, um, but yeah, no, no, uh, no more golf, no more. Like you see, they're intentionally kind of winding things down, resigning to the yeah. Dan: Yeah, it's very interesting. I don't know if you caught it in the news. It was, I think, right at the end of January. But you know the name Daniel Kahneman. Dean: I know the name. Yeah, thinking fast and slow. Dan: Fast thinking slow yeah, he committed suicide in Switzerland. Dean: I did not know that. When was that he? Dan: was 90 years old, I think it was January 28th. Dean: And it was all planned out. Dan: It was all planned out and he went to Switzerland to do it, because they have the legal framework where you can do that and everything else. And I found it so interesting that I did a whole bunch of perplexity searches and I said, because he was very influential, I never read his book, because I read the first five or 10 pages and it just didn't seem that interesting to me and it seemed like he had. You know that he's famous for that book and he's famous for it, and it seemed to be that he's kind of like a one trick pony. You know, he's got a great book that really changed things. And then I started looking. I said, well, what else did he do besides that one book? And it's not too much. And he did that, you know, 40 years ago. It was sort of something he did 40 years ago. Dean: Wow. Dan: And I just said gee, I wonder if he, you know, he just hasn't been real productive. Wonder if he, you know, he just hasn't been real productive, not not starting in january, but he hadn't been real productive over the last 20 or 30 years and he did that. Dean: Uh, and anyway, you know, I don't know. I don't know that I've been living under a rock or whatever. I didn't even realize that this was a real thing. I have a good friend in Canada whose grandfather is tomorrow scheduled for assisted. It's a big thing in Canada. Dan: Canada is the most leading country in incidents of people being assisted in committing suicide. Dean: Yeah, and. Dan: I have my suspicions. It's a way for the government to cut checks to old people. You know like assist them to leave. You know I mean it's just. What a confusing set of emotions that must bring up for someone you love. Confusing and disturbing about his committing suicide and it's really a big topic, you know, because he was saying you can always get on top of whatever you're experiencing and get useful lessons from it, right? Dean: and I said. Dan: I said, well, you must have reached an empty week or something. You know I I don't know what, what happened I, you know I mean right and uh, cause I I'm finding um the experience of being 80, the experience of being 70 and 80, very, very fruitful for coming up with new thoughts and coming up with new ideas right, you know and what, what is still important when you're uh, you know, still important when you're. you know what is even more important and what is even more clear when you're 80. That wasn't clear when you were 50 or 60. I think that's a useful thought. You know that's a useful thought, yeah, but it's really interesting. I never find suicide is understandable. Dean: I know, yeah, I get it. I see that you think about that too. I've had that. I've had some other people, my cousin, years and years ago was the first person kind of close to me that had committed suicide, and you know. But you always think it's just like you, I can't imagine that like I. I can imagine, uh, just completely like disappearing or whatever you know starting off somewhere else, like complete, you know, reset, but not something that that final, you know. Dan: You know, I can understand just extreme, intolerable pain you know, I mean. I can, I can, I can totally get that. Dean: Yeah, yeah. Dan: Yeah, I mean, it's just you. You just can't go through another day of it. I I just totally understand that but, where it's more of a psychological emotional you get a, got yourself in a corner and that, uh then, um, you know, I don't really, um, I don't really comprehend what's going on there. You know, I I obviously something's going on, but I you know, I, I obviously something's going on, but I, just from, I've never had a suicidal thought. I mean, you know, I've had some low points, I've had some, but even on my low points I had something that was fun that day you know Right Right, right Right. Or I had an interesting thought. Yeah, right. Dean: Yeah, yeah, yeah, yeah. Well, I'm yeah, yeah, yeah yeah, yeah. Dan: Well, I'm glad we hit on that topic because I said, you may think I know that the person doing it has a completely logical reason for doing it. It's just not a logic that can be explained easily to other people yeah, when you're not in that spot. I get it, yeah, yeah, yeah, yeah anyway this was a good one. This was a good one. Yeah, now okay, wait actually yeah, I'll be calling from chicago next week. Dean: Okay, perfect I'll be here, yeah, um, yeah, I want to. I'd love to, um, if we remember, and if we don't, that's fine too, but if we remember, you brought up something the I would love to see and maybe talk about the difference between uh, you know, between 60, 70, 80, your thoughts of those things. Yeah, you're getting to that point I'm 22 years behind you, so I'm just turning 59 right before you turn 81. Dan: So that'd be something I'll put some thought to it. I love it. Dean: Okay. Dan: Perfect, thanks, dan. All right, okay, thanks, bye.
In this festive episode of the Sunday Roast, we welcome back Rick Rule, CEO of Rule Investment Media, for a lively and insightful Christmas special. We delve into Rick's latest ventures, including the progress of his seventh challenger bank, Battle Bank, and explore the investing highlights of 2024—from Bitcoin's record-breaking highs to the sustained strength of gold and the cooling of other critical metals. Rick reflects on uranium's growing potential and discusses some of the top-rated stocks on his ratings chart, offering insights into why they stand out and their future prospects. He also shares his thoughts on his unique career path and offers invaluable advice for young investors starting out, making this a must-listen for seasoned market participants and those just getting started. Plus, we discuss the enduring appeal of gold and Rick's upcoming virtual bootcamp on January 11th. Join us for a thoughtful, festive conversation packed with wisdom and inspiration to wrap up 2024! • 00:00:35 – Introduction to Battle Bank • 00:04:02 – Reasons to Choose Battle Bank • 00:12:00 – Investing Highlights for 2024 • 00:12:38 – Discussion on Gee Mining • 00:16:33 – AI Stocks: NVIDIA (NVDA), Broadcom (AVGO) • 00:17:32 – Insights on Robertson Stephens • 00:20:06 – The US Dollar's Trajectory Post-Trump • 00:25:16 – Resource Sector Developments in 2024 • 00:26:16 – Discussion on #GMET • 00:28:55 – The Vanadium Narrative • 00:30:11 – Uranium Market Overview • 00:32:37 – Companies in Focus: Cameco ($CCJ), Duke Energy ($DUK), Southern Company ($SO), China General Nuclear, Tokyo Electric Power Company, Ontario Power Generation • 00:33:55 – Reflections on Fukushima and Three Mile Island • 00:34:40 – Discussion on #POW • 00:36:43 – Insights on #GGP • 00:40:28 – Northern Star Resources ($NST) • 00:41:55 – Discussion on #SVML • 00:47:41 – Rick's Advice to 18-Year-Olds • 00:54:03 – Why Rick Purchased a Bar in Vancouver at Age 20 • 00:56:24 – Guidance for Individuals in Their 50s • 00:58:04 – Most Meaningful Gift Given or Received • 01:01:12 – Christmas-Themed Questions • 01:03:41 – Listing Natural Resource Stocks for Rick's Personal Ranking • 01:04:10 – Eight-Hour Symposium on Gold • 01:09:31 – Exxon Mobil Corporation ($XOM) • 01:10:08 – Africa Oil Corp. ($AOI) • 01:10:33 – International Petroleum Corporation ($IPCO) • 01:11:36 – Ecora Resources PLC ($ECOR) • 01:16:36 – Discussion on #PR1 Disclaimer & Declaration of Interest This podcast may contain paid promotions, including but not limited to sponsorships, endorsements, or affiliate partnerships. The information, investment views, and recommendations provided are for general informational purposes only and should not be construed as a solicitation to buy or sell any financial products related to the companies discussed. Any opinions or comments are made to the best of the knowledge and belief of the commentators; however, no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion. Listeners are encouraged to perform their own research and consult with a licensed professional before making any financial decisions based on the content of this podcast.
On this week's episode, we welcome Mario Nigro, a partner at Stikeman Elliott, to discuss navigating the world of search funds and recent trends in mid-cap M&A.Mario shares his journey to becoming an M&A expert and offers insights into the evolving landscape of mergers and acquisitions, particularly in the Canadian market.He explains the rising popularity of the entrepreneurship-through-acquisition model and highlights the essential traits for aspiring search fund founders.We also explore current trends in mid-market M&A, the impact of rising interest rates, and the significant changes since the 2021-2022 market correction.Mario provides practical tips for sellers preparing for M&A and emphasizes the importance of strategic planning and cultural due diligence for buyers.Finally, Mario shares his outlook on the future of mid-market M&A, the role of technology, and the opportunities available for young entrepreneurs.About Mario Nigro:Mario Nigro is a partner at Stikeman Elliott LLP, where he works in the Mergers & Acquisitions and Private Equity & Venture Capital Groups. His practice includes mergers and acquisitions, private equity, venture capital, and corporate reorganizations. Mario has worked with clients in various industries, including technology, food, retail, and manufacturing. He also hosts the "Views from the Market: Midmarket M&A and Private Equity" podcast.Before Stikeman Elliott, Mario was a partner at Blake, Cassels & Graydon LLP, focusing on corporate and commercial law, mergers and acquisitions, and energy transactions. He also has experience with Ontario Power Generation and served as a policy adviser in the Office of the Ontario Minister of Education.Mario earned law degrees from McGill University, a Master's and a Bachelor's of Education from Western University, and a Bachelor of Arts from the University of Toronto.* (01:13) Mario discusses his journey from kindergarten teacher to M&A expert.* (03:00) Overview of the rise of search funds and differences between traditional and self-funded models.* (04:56) Explanation of the economic structures in search funds.* (07:00) Discussion on how search funds have evolved in Canada.* (12:04) Why investors prefer funded search models and their benefits.* (14:55) Key traits of successful search fund founders.* (19:22) Current trends in mid-market M&A and the role of search funds.* (24:25) Increasing role of technology in M&A and its impact on traditional industries.* (28:40) Impact of rising interest rates on mid-market M&A deals.* (31:20) Common pitfalls for sellers and the importance of preparation.* (35:45) Advice for new CEOs post-acquisition on building strong relationships.* (43:00) Mario's outlook on the future of mid-market M&A in Canada.* (49:00) Tips for managing complex and high-pressure deal negotiations.Mario's Fast Favorites:
President and CEO of Ontario Power Generation Ken Hartwick, in conversation with host Francis Bradley about the evolving state of electricity in Ontario. Featuring a discussion about a rapidly changing energy picture with electrification, and population growth putting additional pressure on demand for electricity. They talk about supply chain challenges given that every other jurisdiction is also seeking to electrify and decarbonize at the same time. They touch on increasing public acceptance for nuclear power, and the challenges of building large infrastructure projects. They also discuss what generation technologies will be in Ontario's future, Indigenous partnerships, and attracting and retaining talent. They close the conversation with Ken's recommendation for an addition to the Flux Capacitor Book Club.Links: Ontario Power Generation: https://www.opg.com/ Ken Hartwick at OPG: https://www.opg.com/about-us/who-we-are/executive-team/ LinkedIn: https://www.linkedin.com/in/ken-hartwick-icd-d-176b50a1/
This week, on our Calgary Stampede podcast edition, our guest is Avik Dey, President and Chief Executive Officer of Capital Power. Capital Power is a publicly traded North American power producer headquartered in Edmonton, Alberta. Capital Power owns renewable and thermal power generation facilities, totaling over 9 GW of power generation capacity across 32 facilities. Here are some of the questions Peter and Jackie asked Avik: Is it possible to deliver clean, reliable, and affordable electricity? Does Capital Power currently generate any electricity from coal? Do you expect small modular reactors (SMRs) to be built in Alberta in the future? Texas generates a greater share of its electricity from renewables than Alberta, yet Alberta is hitting the brakes on renewable development – how is Texas managing the increase in renewables, and what can Alberta learn? Are you concerned by the potential for rapid growth in electricity demand to fuel AI data centers in Alberta? Why did Capital Power recently cancel its proposed $2.4 billion Carbon Capture and Storage (CCS) Genesee project in Alberta? Considering the draft Clean Electricity Regulations, would you still invest in new natural gas generation in Canada? Any comments on Quebec's plan to build and operate large-scale renewable projects in the province versus procuring the power from independent power producers? Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinst LinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas Podcast Apple Podcasts Amazon Music Spotify
Summer rewind: As demand for electricity increases, the need to diversify supply also rises. In Episode 120 of thinkenergy, Lesley Gallinger, CEO of Ontario's Independent Electricity System Operator (IESO), unpacks what's driving the transformation of the province's power system, the potential opportunities, and the obstacles standing in the way. From hydrogen innovation to resource procurement, listen in to learn how the IESO is helping Ontario navigate to a cleaner, reliable, and affordable energy future. Related links ● Lesley Gallinger on LinkedIn: https://www.linkedin.com/in/lesley-gallinger-784a194/ ● Lesley Gallinger on Twitter/X: https://twitter.com/lmgallinger ● IESO website: https://www.ieso.ca/ ● Hydrogen Innovation Fund: https://www.ieso.ca/en/Get-Involved/Innovation/Hydrogen-Innov ation-Fund/Overview ● Powering Ontario's Growth report: https://www.ontario.ca/page/powering-ontarios-growth ● Trevor Freeman on LinkedIn: https://www.linkedin.com/in/trevor-freeman-8b612114/ 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 Check out our cool pics on https://www.instagram.com/hydroottawa More to Learn on https://www.facebook.com/HydroOttawa Keep up with the Tweets at https://twitter.com/thinkenergypod Transcript: Trevir Freeman: Everyone, well, it's officially summer. And it's been about four months since I took over the mic as the host of the think energy podcast, which is kind of hard to believe. It's been really fun having great conversations with great people in the energy sector. I now mostly know my way around the recording equipments and the software, and really feel like we're kind of just getting started and looking forward to where we go from here. That said, the think energy team is taking a break to recharge over the next few months, but also to plan our content for the fall. So, stay tuned for some great episodes in the fall. Not to worry though, we still have our summer rewind to keep you engaged. This is where we pick out some of the great past episodes that we've done and repost them. So, whether you're lucky enough to be sitting on a dock or going on a road trip, or if you're just keeping up with your commute through the summer, it's a great time to revisit our past content. You will hear past episodes from my predecessor and the host chair Dan second, as well as a couple of mine from the past few months. And you're welcome to check out your own favorite past episodes as well wherever you get your podcasts. We hope you have an amazing summer and we'll be back with new content in September. And until then, happy listening. Daniel Seguin: This is Think Energy, the podcast that helps you better understand the fast changing world of energy through conversations with game changers, industry leaders and influencers. So join me, Dan Seguin, as I explore both traditional and unconventional facets of the energy industry. Hey everyone, welcome back. In 1902 electrical pioneers met for the first time in Berlin now Kitchener, Ontario to discuss wiring Ontario's customers together to form a provincial electricity grid. Ontario's electricity grid, like all grids around the world was designed as a one way street, to generate, transmit, and deliver electricity to customers. It's no secret that nowadays new technologies are shaking up the way we produce and use electricity. Back then, these pioneers likely couldn't have imagined that the electricity grid would become a two way interactive system capable of supporting variable supply from renewable energy or accommodating electric vehicles, energy storage, home generation, and a host of other innovations. As the demand for electricity grows, Ontario's supply is diversifying, evolving and transforming at a speed we haven't seen in this industry. One thing is for certain, it's going to be one electrifying ride. On today's show, we're diving into the heart of Ontario's power system and shining a light on the organization that manages the province electricity sector. As we mentioned before, we are at the forefront of a power revolution. Of course, we need someone driving the ship to provide guidance on how Ontario's power system adopts a cleaner and more interactive machine. So here's today's big question. What is driving the transformation of Ontario's power system? And what are the potential opportunities and challenges? Joining us today is Lesley Gallinger, president and chief executive officer of the Ontario Independent Electricity System Operator. Under her leadership, the IESO oversees the safe and reliable operation of Ontario's bulk electricity system, ensuring affordable electricity is available when and where people need it. Lesley, so great to have you join us today. Now, your knowledge and experience of the electricity industry is extensive. Can you talk to us a bit about what drew you to a career in energy sector? And what led you to your current role? _____________________________________________ Lesley Gallinger: Well, thank you for that, Dan. It's great to be here, and I have spent the majority of my career in the electricity sector after spending the first third in a different sector. I certainly benefited from working all across North America and in Europe, for some very sophisticated multinational organizations with very talented team members. However, I always had this interest in electricity. And just for a funny story, my first grade school in Ontario was Sir Adam Beck, so I wonder if that was a bit of foreshadowing. But in reality, I had friends and colleagues in the sector who spoke quite passionately about the impact they were making with the work they were doing. And I was attracted to that. And sure I had some skills that I thought would be transferable. And the role that I have now embodies all of that, as we at the IESO are helping inform and execute on energy policy on electricity policy, specifically that will support Ontarians as we transition to an electrified and decarbonized future. I honestly couldn't imagine a better role to be in at this moment. Daniel Seguin: At a high level Lesley, what is the Independent Electricity System Operator and what is it responsible for with respect to Ontario's power system? Lesley Gallinger: The IESO works at the heart of Ontario's electricity system, ensuring that electricity is available where and when it is needed. We monitor Ontario's demand in real time, 24 hours a day, seven days a week, balancing supply and demand and directing the flow of electricity across the provinces transmission lines. We also oversee the electricity market, which includes putting mechanisms in place to increase competition and ensure cost effective supply. And finally, we also plan the electricity system by working with indigenous communities, with municipalities and stakeholders to forecast demand and secure enough supply to meet Ontario's needs as far as 20 years out. Daniel Seguin: Okay, very interesting. Finally, looking forward to your answer on this one here. Can you walk us through how you oversee and manage the electricity systems such as determining the type of supply required to meet demand for electricity in the province? In the short, medium, and long term? Lesley Gallinger: Yeah, thanks that that is a good and big meaty question. So we've spoken a lot about where we are now. So after having years of surplus electricity, Ontario is entering a period of growing electricity needs and demand is expected to increase by an average of 2% annually over the next two decades due to electrification and economic growth in various sectors, including residential, agricultural, and mining. One way that the IESO helps meet these growing needs is by securing new supply. In the short term, we have the annual capacity auction that we conduct that allows existing resources to compete. This is cost effective and allows the IESO to adapt to changing supply and demand conditions on a year by year basis. We also look at three to five year commitments for other resources, this timeframe provides more certainty while ensuring it doesn't get locked into commitments that no longer reflect those changing needs of electrification. And finally, in the long term, we look 20 years out to secure resources that require significant upfront investments in order to give suppliers the confidence they need to make those investments. So it's a bit of a layer cake with those three timeframes. Daniel Seguin: Great segway here. Okay. What do you see as the IESOs role in the future planning of the evolving electricity grid and your role in supporting the changing energy needs of the decarbonized economy? Lesley Gallinger: As Ontario's electricity system planner, we certainly have the long view. Our role is to ensure that Ontario's current and future energy needs are met both reliably and affordably. Our corporate strategy calls out three main ways in which we do this we ensure system reliability while supporting cost effectiveness, we're driving business transformation within the IESO and also driving and guiding the sector's future by working closely with indigenous communities, municipalities and stakeholders. On the decarbonisation front, our main role is to enable technologies that will help us decarbonize. There's lots of emerging energy resources that can help us build a zero emissions electricity grid and the IESO ensures that these resources can all participate in Ontario's electricity system and markets. We're procuring new resources under our flexible resource adequacy framework. We recently announced the procurement of over 800 megawatts of energy storage, which is the largest energy procurement energy storage procurement in Canada to date, that combined with 250 megawatts of the Oneida battery storage project, the IESO, with these projects, is taking steps to integrate this valuable and flexible resource. And in last December's publication of pathways to decarbonisation, we explored ways in which Ontario can move forward to an emissions-free electricity system. The Ministry of Energy consulted on our pathways report, and recently on July 10, very recently, announced a series of actions in its report powering Ontario's growth. And those actions include collaborating with Bruce Power and Ontario Power Generation on pre development work to to consider potential new nuclear generation reporting back on the design of our second long term procurement, which will acquire new non-emitting resources supporting a Ministry of Energy consultation on a post 2024 Conservation Demand Management Framework and assessing additional transmission needs to support new and growing generation and demand in the province. So quite a list of workforce ahead that we're very excited to undertake. And as our system operator for the province, we're certainly at the center of all of this. There'll be a continuing need for coordination with the broader electricity sector in order to plan an orderly transition to a decarbonize grid, there will also be an increased need to revisit how we plan the electricity system. The IESO is looking forward to working with the electrification and energy transition panel to identify ways to adapt and evolve existing frameworks in order to increase transparency and ensure communities and stakeholders are more aware of what we're doing and why. This work, the work of the EETP also takes a broader economy wide view, which reflects how the electricity sector is becoming increasingly dependent on other sectors like industry and transportation. So you know, in short, a lot of work and some very exciting work ahead. Daniel Seguin: Follow up question here for you. Now, some Ontarians are concerned about moving to variable renewable energy sources like wind and solar, while others are concerned about continuing use of natural gas. What have you uncovered in your work about these issues? And what would you like residents of Ontario to know? Lesley Gallinger: Yeah great question Dan, every type of generation has its own strengths and drawbacks based on its unique attributes, which is why Ontario maintains a diverse supply mix that can adapt to changing system conditions quickly. Renewables such as wind and solar are not emitting when they generate electricity, but they're also intermittent, meaning how much electricity they produce can change rapidly in response to weather conditions. And to help with this, the IESO is looking into hybrid facilities that combine renewables with energy storage. By 2026 we'll also have about 1300 megawatts of energy storage on the grid, which will help more efficiently integrate renewables. We're also going to start designing our second long term procurement which will focus on acquiring non-emitting resources and we'll be engaging on this with stakeholders and communities as we go. Natural gas, for example, has the main advantage that it can respond quickly to change in demand and system conditions, making it an important resource for us as we seek to maintain reliability. Ontario's demand fluctuates constantly throughout the day, and having access to natural gas can help us respond to sudden changes and maintain a balance across the system. It's also very important to recognize and something I'd like to emphasize for your listeners that overall emissions from Ontario's electricity sector are extremely low, the sector accounts for about 3% of the provinces total emissions. While this may increase slightly in the future, the continued existence of natural gas on the grid is an important resource to help us transition and it'll enable the near term electrification of other sectors which in total will drive down Ontario's emissions. Daniel Seguin: Okay Lesley, how will the efficiency upgrades at existing natural gas facilities contribute to meeting the growing demand? And what is the plan for these facilities as emerging technologies mature and the reliance on natural gas decreases? Lesley Gallinger: Yes, and as I mentioned in my earlier remarks, Ontario's definitely entering a period of increased demand and so with many existing contracts expiring, and nuclear plants undergoing refurbishment or scheduled to be decommissioned, coupled with increasing electrification of other sectors, the province is going to need more power in the immediate future and the natural gas expansions can help with this. In our pathways to decarbonisation report, we looked at the questions the minister posed to us, we looked at a moratorium scenario that would phase out natural gas over time as newer non-emitting resources come online, and in the report we concluded that we could be less reliant on natural gas in Ontario by the year 2035 and completely phased out by 2050. Efforts were made to align this report with clean electricity regulations, and that recognizes that the contribution of natural gas may be restricted over time, but for the meantime, we have you know, the important transitional resource needs, the natural gas fulfills. Daniel Seguin: Okay. In May of 2023, the IESO announced that it was moving forward with the largest procurement of energy storage in Canada. What can you tell us about these storage projects and their benefits? Lesley Gallinger: Yeah, this was a very exciting announcement for us the energy storage projects we announced in May were for grid connected battery storage systems, which will be an important step towards the transition to a non-emitting supply mix, and will support grid reliability. The procurement was the culmination of the work we've done over the last several years to understand the potential of battery storage to provide supply and reliability services to the grid. The biggest advantage of energy storage is that it can charge during off peak hours when the provincial electricity demand is low and then inject energy back into the grid during peaks when demand is high, which makes it very flexible and a resource that can help us optimize the efficiency of other resource types. And we also see battery storage as a key enabler of decarbonisation. It will help us to integrate more renewables such as wind and solar onto the system, but also get more out of our current nuclear and hydro fleet. By charging during these off peak hours energy storage can use up any surplus green power from Ontario's existing nuclear and hydro facilities. Daniel Seguin: Now, how does this procurement help ensure system reliability during nuclear refurbishment and support the overall energy transformation in Ontario, Lesley Gallinger: The procurement will help with the transition away from natural gas and it's certainly about maintaining reliability at a time when multiple refurbishments are underway. In particular, the Pickering generating station is scheduled to go out of service mid decade and so right around that time, those energy storage projects are expected to be online. Certainly the timelines of the procurements were aligned understanding what the system conditions would be at that time, Lesley, I'd like to dig into your fascinating pathway to decarbonisation report just a bit. Ontario has one of the cleanest electricity system in North America, contributing only 3% to the provinces greenhouse gas emissions, that doesn't sound like a lot. So why is it important to eliminate the remaining 3% of emissions from the grid? Yeah, another another really interesting question and the subject of a lot of conversations we've been having we know that electricity use is going to increase in the coming years driven by an economic growth and electrification across other sectors. Transportation is becoming increasingly electrified as our industrial processes such as steel smelting, and as the pace of electrification speeds up the efforts and investments being made by businesses and households to electrify will increase society's reliance on electricity as a fuel and electricity is only as clean as the resources we use to make it. So that 3%, if we don't tackle that remaining 3%, we will see an increased reliance on less clean generating sources. I mean tackling climate change is certainly an economy wide effort and clean electricity is a fundamental enabler of those climate change solutions. Daniel Seguin: Thanks for that, Lesley. Now, I have a follow up question for you. The IESO presents two scenarios to address decarbonisation, what are they and what key assumptions and drivers were discovered with your analysis? Lesley Gallinger: So our first scenario was the moratorium scenario where the IESO so looked at restricting the procurement of additional natural gas. And this assessment showed that a moratorium would be feasible beginning in 2027, and that Ontario could be less reliant on natural gas by 2035. At that point, the system would not require additional emitting generation to ensure reliability provided that other forms of non-emitting supply could be added to the system in time to keep pace with demand growth. The second scenario is our pathways to decarbonisation scenario, this scenario assumed aggressive electrification of the transportation and industrial sectors, and that attaining a completely decarbonized grid would be possible by 2050, while balancing reliability and costs, so you can see a lot of variables came to play in that second scenario. Daniel Seguin: Perfect. Thanks, Lesley. Now, what are your thoughts on where Canada stands on its road to meet the 2035 and 2050 targets? Lesley Gallinger: Yeah, I think that's, you know, that's what we're all looking towards and bridging the work of today with the needs of a futurized decarbonized world will be challenging and complex, a collaborative approach across all sectors of the economy will certainly be necessary to achieve this. From Ontario's perspective, we're in a strong starting position, our electricity system is already close to 90% emissions free, most of the generation coming from Hydro and Nuclear resources. And in our pathways report, we identify that for Ontario, at least, a moratorium on natural gas could be possible by 2035, and a fully decarbonized electricity system by 2050 provided that new non-emitting supplies and surfaces online. So we certainly had those goals in mind for Ontario as we created that pathway so decarbonisation work. Daniel Seguin: Now Lesley, in your opinion, what are the biggest challenges facing the electricity industry in Canada today? And what are the biggest opportunities? Lesley Gallinger: Yeah, I anchor on the word orderly because I've used it a lot. The biggest challenge I see is managing the significant transformation that's underway. And doing it in an orderly fashion, electrification is requiring the electricity system to expand and produce more power, while decarbonisation puts pressure on the grid to rely more heavily on low carbon resources, many of which are still in their early days of development. Across the country. Every province is faced with similar challenges. The recently formed Canadian Electricity Advisory Council will provide advice to the Minister of natural resources on ways to accelerate investment and promote sustainable, affordable, reliable electricity systems. And I have the privilege of being on this panel. It's exciting work with colleagues from across the country, many of whom come from provinces in very different stages of decarbonisation. We're sharing best practices and all working towards similar goals. For Ontario, we're entering a period of emerging electricity system needs starting in the 2020s. These electricity and energy capacity needs will continue through to 2040. So demand is expected to increase at nearly 2% per year as I mentioned earlier. All of this presents incredible opportunities for Ontario's communities, new technologies are creating economic growth opportunities and setting the stage for Ontario to build a highly skilled workforce to push to decarbonize will have significant impacts on economy wide emissions reductions, and building the electricity grid of the future also presents opportunities to collaborate and strengthen relationships with indigenous communities and municipalities. Back to my first comment, the pace of this change is a vital consideration. We need to strike the right balance between decarbonizing the grid, while it's still ensuring electricity and energy remain reliable and affordable. If we go too fast, the cost may impede electrification, if we go too slow, we're not going to have the supply available as demand increases. So it really is about thinking this through orderly and it's an all hands on deck challenge. Daniel Seguin: Okay, moving along here, maybe you could walk us through some of the scope for what's required to decarbonize Ontario's electricity system. What does an achievable pathway to net zero look like? Lesley Gallinger: Yeah, that's the work of the IESO on a regular basis. I mean, I can't underscore my last point enough, which is that it's vital that the transition occurs in an orderly manner, we absolutely need to act but we need to act in a carefully managed way that balances decarbonisation with reliability and affordability. Large infrastructure such as hydroelectric plants and nuclear facilities and transmission lines can take 15-10 years, sometimes more to build, significant investments in capital and materials and labor will be required to build out a fully decarbonized system. And one study I read estimated that 14,000 strong labor force participants, that are that are currently working on our electricity infrastructure would need to increase by a factor of six. So you know, that's a huge investment in training and getting people ready to build all the things we need to build. Indigenous communities and municipalities also have a voice in how and where new infrastructure is located. So meaningful and transparent discussions about siting and land use will be needed. And while many technologies will be needed to decarbonize the grid already known, some are not known and not commercialized yet. And so those are low carbon fuels small modular reactors still in development. At this point, it'll be important for Ontario and for Canada to continue to invest in these and other other innovations as well in supporting the pathway. We need energy plans to be approved and new infrastructure needs to be planned, permitted and cited. Regulatory and approval processes such as the environmental impact assessments need to be resourced, appropriately and streamlined to enable all of these builds to happen. We also need the supporting transmission infrastructure to be planned and built on on similar timelines as demand growth and as new supply comes online and underlying all of that we need to carefully manage the costs to ensure the actual impact on total energy costs is affordable, and that they do not diverge significantly, Ontario from those of our neighbors in Manitoba and Quebec and in the US. So lots of again, lots of facets, but work that can be itemized now and definitely plan forward. Daniel Seguin: Cool. What are some of IESO's, no regret actions that can be taken to help meet those growing demands? Lesley Gallinger: Yeah, I think the minister anchored on some of those in his Powering Ontario's Growth report, Ontario can certainly continue to acquire new non-emitting resources and incentivize energy efficiency through our Save on Energy programs. sector partners can also begin planning and citing for new potential projects, partnerships between municipal, provincial and federal governments will also be key and we need to continue to develop those relationships now, while we're also revisiting the regulatory frameworks that may hinder and prevent progress. Last but certainly not least, we must track our progress in an open and transparent way. There's no one way we can say decarbonisation happens. It's a gradual change that will take place over many years, and will require lots of little steps to make progress. And certainly the government's recent response to our reports puts in motion some of those actions including asking us at the IESO to explore opportunities to enable future generation in northern Ontario and reducing the reliance on natural gas generation in the GTA. The ministry has also asked the IESO to begin consultations on a competitive transmitter selection framework for future lines with electricity supply expected to continue to grow over the next 20 to 30 years, you know, that's what we're doing now, you know, in terms of planning, but we're also we're also working to secure new capacity and leveraging our existing assets. So that is through our very thorough resource adequacy framework, which was put in place that outlines our strategy to get that new supply in the short, medium and long term. A key piece of this is competitive procurements and the processes that have been used to date including the annual capacity auction, and but you know, there's also work being done that we're leveraging by our energy efficiency and demand response programs that that get back to what individuals and what individual businesses can do to support decarbonisation. We've got market renewal going on. We've got medium and long term procurements. So lots of action underway. All of them no regret that can that can be continued to to meet this demand. Daniel Seguin: Now Lesley, with electricity supply expected to grow the next 20 to 30 years, what is the IESO doing to secure new capacity? And how is it leveraging existing assets? Lesley Gallinger: Yeah, great question. So in terms of generating new supply or acquiring new supply, that's really our resource adequacy framework. It outlines, you know, the work we're doing both in the short, medium and long term to competitively procure new resources. We've recently done the procurements for batteries and for natural gas, upgrades and expansions. We'll be launching our next procurement very shortly and designing the one after that. So it's that layer cake approach that I mentioned. We've also, you know, can can anchor back in the strides we've taken in the current procurements to secure we've had great resources come to bear and participate in those procurements, so we're very hopeful that future procurements will also be very successful Daniel Seguin: Now hoping you can help demystify this next one for our listeners. What is the Hydrogen Energy fund? What is special about hydrogen, and how do you think it will support Ontario's reliability needs and decarbonisation? Lesley Gallinger: Yeah, it is, it is a new word and a new way of thinking for for a lot of folks. So let me dig into that. But the goal of our hydrogen Innovation Fund is to investigate, evaluate and demonstrate how low carbon hydrogen technologies could be integrated into the grid. The new program will enable the IESO to test the ability of hydrogen to support grid reliability and affordability, but also the role it can play in broader decarbonisation. Hydrogen has the potential to reduce electricity sector emissions, but it could also be used as a replacement fuel in other more fossil fuel intensive industries such as transportation. From the electricity sector's perspective, hydrogen has the potential to provide several essential services, it can smooth the output from renewable resources such as wind and solar, it can be blended into natural gas to reduce total emissions and could be used to offer several services such as peaking generation, grid efficiency and storage. But all that being said, it's not an ultimate solution. While hydrogen can be used to generate electricity producing it also requires electricity. So the integration of hydrogen like all new resources will require a balanced approach, one that can make more efficient use of our existing electricity system assets which the Hydrogen Innovation Fund will help with the interest in the fund has been very high. The IESO has received more than 25 applications. The projects are in flight now are undergoing review right now. And we should be in a position to announce the successful projects in September. Daniel Seguin: Lesley. Let's now look globally, what are other countries doing right, that Canada should consider emulating or even adopting? Lesley Gallinger: Yeah, I think I think this is, you know, very important. We very much focused on on Canada or in you know, in our case, Ontario for answers. And the IESO is just one of many electricity system operators worldwide. And I certainly am always keeping an eye on what other countries are doing. However, every jurisdiction has unique circumstances, which include laws, regulations, geography and politics that can sometimes make comparisons difficult. In North America, specifically, Ontario is a leader in many ways and the pathways report is a very well thought out approach. And so I think that's an area of interests that others have looked to us, that, coupled with our experience of phasing out coal fired generation, we're in a good position really to set examples for other jurisdictions looking to do similar work, and certainly in conversations with my IESO counterparts around North America, we're having robust discussions and learning from each other. Daniel Seguin: Well, looking to the future of this industry and Canada's approach, what is giving you hope? Lesley Gallinger: Well, electricity is being looked at to support decarbonisation of other sectors and to support economic growth. That's hugely exciting to see the broad impact our industry is having on society. And as we engage with broader audience, the collaborative spirit across the sector, across the province and across the country, we're seeing... certainly gives me hope that Ontario can achieve decarbonisation through an orderly transition that balances that decarbonisation desire with reliability and affordability that are at the heart of our mandate. Daniel Seguin: Lastly, Lesley, we always end our interviews with some rapid fire questions. Are you ready? Lesley Gallinger: I'm ready. These were some of the more difficult questions, Dan. So I'm certainly ready for these. Daniel Seguin: Okay. What are you reading right now? Lesley Gallinger: So I just finished reading a really great book, how big things get done by bent flyvbjerg. And I think it's making the rounds really good book on large projects, and what we can learn from past failures in large projects, which will be important information for Ontario. Daniel Seguin: Cool. Thanks for sharing. Now, what would you name your boat if you had one? Or do you have one? Lesley Gallinger: Well, I have a very, very small boat, and I have yet to name it. But now now that you've got me thinking about that the wheels are turning. At the moment, it's new, so I'm just learning to park it. And when I say park, my my partner rolls his eyes and says "you mean dock" and I say no, Park. So next time we speak Dan, I'll have a name for the boat. Daniel Seguin: Very good. Who is someone that you truly admire? Lesley Gallinger: I think this was the most difficult question. There are people I admire in many aspects of my life. And I certainly wouldn't want to single out anyone or miss out on another person. But if I can be a bit general, given the role I'm in, I'd have to say it's the people who have the vision and foresight to see what's coming in the future and to plan and build those large projects and large infrastructure investments needed to get there. Daniel Seguin: What is the closest thing to real magic that you've witnessed? Lesley Gallinger: Well, I am a lover of being outdoors, so perhaps for me it would be on the morning after a deep snowfall on the trails around my friend's property being the first snow shoes out on the trails on a Sunday morning. It's so quiet and so beautiful and it just feels magical. Daniel Seguin: Now what has been the biggest challenge to you personally, since the pandemic began? Lesley Gallinger: I think for me, it would be helping my mom stay connected to to our community as as an elderly widow in her own home. It was a lot of one on one contact for me with her and making sure that I could connect her to a broader social network. So she didn't feel so isolated. And I think that was, you know, well worth the challenge. But it was a it was a challenge. Daniel Seguin: Okay. We've all been watching just a little bit more TV or even Netflix lately. What is your favorite show? Lesley Gallinger: So I spend very little time watching TV and when I do or, or Netflix, and when I do, it's mostly documentaries. I want to give a call out for a course I'm taking right now online, which is the closest thing to TV, I'm taking the University of Alberta's indigenous Canada course, which has been for me tremendous value in helping me understand indigenous worldviews and perspectives. But I did just watch a Netflix series on the Tour de France, which was a fascinating look at the teams and tactics as well as the effort that the athletes endure over that 21 days. Daniel Seguin: Okay, cool. Now, lastly, what is exciting you about your industry right now? Lesley Gallinger: Oh, my goodness. My teams have heard me use this before everything everywhere all at once. We have an opportunity as an industry right now to guide generational change and to have an impact on the environment and the economy far past our working lives. And that is incredibly exciting. Daniel Seguin: Well, Lesley, this is it. We've reached the end of another episode of the Think Energy podcast. Thank you so much for joining us today. If our listeners wanted to learn more about you, or your organization, how can they connect? Lesley Gallinger: Thank you. Yes. www.ieso.ca. Our website has a wealth of resources to help listeners become more energy literate. And to understand the work we do. And you can find me on LinkedIn at Lesley Gallinger. Daniel Seguin: Again, thank you so much for joining us today. I hope you had a lot of fun. Cheers. Lesley Gallinger: I did! The questions were tough, but very interesting and they certainly got to the heart of the work that we do at the IESO. Thank you, Dan, for for your interest in our work and for asking those questions that allow me to speak and highlight the work of the incredible professionals that work at the IESO. Daniel Seguin: Thanks for tuning in for another episode of the Think Energy podcast. Don't forget to subscribe and leave us a review wherever you're listening. And to find out more about today's guest or previous episodes, visit think energy podcast.com. I hope you will join us again next time as we spark even more conversations about the energy of tomorrow.
Electricity Canada's President and CEO, Francis Bradley, joins thinkenergy in episode 140. Hear about the shift to sustainable electricity, including the difficulties navigating provincial and federal policies, climate change directives, and funding gaps. Plus how Electricity Canada evolved from a technical exchange club into a national advocate for sustainable energy. From challenges to leading the charge, learn how governments and private sectors are working towards a clean, efficient electricity system. Related links: Francis Bradley on LinkedIn: https://www.linkedin.com/in/francis-bradley-3617802a/ Electricity Canada: https://www.electricity.ca/ The state of the Canadian electricity industry 2024 Getting to Yes report: https://www.electricity.ca/advocacy/getting-to-yes-the-state-of-the-canadian-electricity-industry-2024/ 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 00:07 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 frontlines 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. On the show before we have talked about how energy is primarily a provincial jurisdiction in Canada, so that means that provinces and provincial governments set energy policy provincial grids are structured both in a regulatory sense as well as a physical infrastructure sense. at the provincial level, we've gone into some detail about Ontario's grid and talked about how it's kind of a distributed grid meeting most electricity customers in Ontario get their electricity from a local distribution company. Not every province is the same in any of those senses. Some are a little bit more vertically integrated, meaning there are you know, maybe a single entity that gets you all the way from generation to distribution. There's different regulatory frameworks. The point is there's a lot of diversity across the country. Now, as much as that is a provincial jurisdiction, there is a role for the federal government to play here at that national level. There are some national policy directions that are important and that impacts energy policy. Climate change is a great example. So the federal government has jurisdiction to set targets and come up with strategies to address climate change for the country. Things that the federal government is doing currently is enacting a clean electricity standard with the goals of decarbonizing electricity generation in the country, so making sure that we stop using fossil fuels to generate electricity on a large scale. The federal government also supports decarbonisation efforts for buildings and for transportation, and they put money into those things. And those efforts impact electricity grids and impact markets. The federal government also has a role to play when it comes to major projects and providing approvals for those projects to move forward. And that includes energy projects. So new generation or new transmission, you know, things that are using land or moving across land, there's a role for the federal government to play there. So enter electricity Canada, the national voice for electricity utilities in Canada. Now, we've talked before about the sort of provincial equivalent that advocates on behalf of energy utilities. This is the national voice here for electricity, utilities, electricity, Canada has been around for over 130 years now. And their focus, at least in the last while has been on federal advocacy. I'm not going to tell you too much about electricity, Canada, because my guest today is going to talk a little bit about that. But just as a primer. So they have recently published their 2024 state of the industry report, which looks at the need to accelerate some of these major initiatives in the electricity sector to keep up with the energy transition that, as we've talked about many times is already underway. It's already happening. And we are just trying to keep up really. So my guest today is actually making his second appearance on the podcast as Francis Bradley, who is the president and CEO of electricity Canada, and has held a number of different roles within electricity Canada as well prior to becoming the president CEO. He also has a number of key positions on national committees and working groups, which are focused on infrastructure, energy and electricity and other related topics. And most interestingly, he also hosts his own podcast, the flux capacitor, which I highly recommend you check out. Francis, welcome back to the show. Francis Bradley 04:01 Delighted to be here. Thanks for the invitation, Trevor. Trevor Freeman 04:03 So I know you've kind of given us the background before but electricity Canada has been around for over 130 years now, which is older than our kind of modern, interconnected grid, at least here in Canada. Can you just remind us of the role and the mandate that your organization plays in the electricity sector? Francis Bradley 04:20 Sure. Absolutely. In fact, somewhere we have a photograph of like the first meeting of what at the time was the Canadian electrical Association at Niagara Falls in 1891. Trevor Freeman 04:32 Wow. Francis Bradley 04:32 But yeah, you know, where, where we're at today. So basically, you know, if you turn a light switch on pretty much anywhere in Canada, any province, any territory, everything it took to generate, transmit and distribute the electricity to turn that light on was probably done by by one of one of our 42 members. They're in every single province, every single territory to use the official the official definition you know, Our mandate is to be the national voice for sustainable electricity for our members and the customers they serve. We do this through advocacy through sharing best practices, and, and education of stakeholders and the government. But yeah, our our members are basically the, you know, the 40 odd, biggest companies that generate transmit distributed coast to coast to coast. Trevor Freeman 05:22 And has that mandate changed over the course of the 130 years, or is it pretty consistent? Francis Bradley 05:27 No, it's It's actually that's that's an interesting question. It has changed a lot. And it's changed over the time since I've been at the association even and then aimless changed, that this is the third name. I'm on since since I joined the organization. Yeah, when it was first established. As you say, there was a letter A long time ago, 133 years, it was basically a little club for these people that were in this nascent industry who, who would, you know, swap stories about, about what they're doing and how it's working. And even at the time, there was still, you know, debates about should we be doing AC or DC and, you know, the whole, the whole, you know, battle between, between Westinghouse and, and, and, and the other folks, but so, you know, it was initially a technical information exchange organization, when I joined the organization, it was still very much technically focused, would do a big annual conference, we actually had a technical research division, and we do a couple of million dollars of research a year, back then. We then evolved, we, we evolved from the Canadian electrical association to the Canadian electricity Association. And our mandate began to shift away from Duke First off, where we stopped doing technical research and moved away from technical detailed technical information exchange, and increasingly our mandate began to focus on advocacy and and what the what the industry needs and what they what the members require, from an advocacy standpoint. And then in the 1990s, mid 1990s, we moved up into Ottawa because prior to that we'd been in Montreal, we've been in Montreal since the 1930s. Before that, we were in Toronto. So in the 90s, given that the focus had shifted pretty significantly to advocacy, and the principal government that we were seeking to advocate with was the federal government, the office moved up to Ottawa. And then three years ago, the name of the organization was changed from the Canadian electricity Association, to simply electricity, Canada. Trevor Freeman 07:42 So that's that switch from technical to the more advocacy and policy work. It's really interesting and actually kind of ties into this. This next question, I want to ask you, we've talked on the show before about, you know, how the Ontario electricity sector is structured. And it's complex, to say the least, but that's one of many in Canada, different provinces have different regulatory structures. Energy Policy is primarily provincial jurisdiction. But as you mentioned, the federal government has a say in that as well, especially when it comes to climate change recently. So I'm curious, how do you navigate all those differences and kind of speak with a common voice when you're dealing with so many different regulatory bodies? So many different governmental bodies? What's How do you find that common voice? Francis Bradley 08:31 Yeah, well, and you know, that that is that is that the fundamental challenge of, frankly, any organization in Canada that's attempting to, to operate at a national level, in a in a sort of domain that's principally principally provincial, but it's kind of even more so with electricity because of the differences in different jurisdictions. And, you know, you've noted that Ontario is complex in terms of the industry structure, it was more complex. When I when I first started in the sector, there were 300 and more than 350 local distribution companies, you know, so there's been a little bit of consolidation, Trevor Freeman 09:11 we have a paltry 60 something now. Francis Bradley 09:13 Yeah, well, that's right. Yeah, we're down into only double digits. But at the same time, you know, we also saw, you know, municipal municipal amalgamations that's taken place that have driven some of that, but, you know, so we've seen an evolution here in Ontario. But, you know, there are no two jurisdictions in this country that are the same. So you know, there isn't a like an electricity system in Canada, each province and territory is different, different types of ownership. You know, in some, it's like a private, privately run companies and in other jurisdictions, it's a Crown Corporation. In some like Ontario, it's a hybrid of a mix of different types of ownership. But, you know, there's there are there are crowns, there are municipally owned there are privately owned companies as part of the value chain. And so you know, It results in a pretty disparate system, both in terms of how the sector is structured, and also how its regulated. Because the regulations are different in each and every one of those jurisdictions. And so, you know, this presents us with a huge problem, frankly, and we see it now, in particular, with respect to all of the politics around climate change, because electricity is a provincial responsibility, but we have one level of government, the federal government, providing direction in this space. And then we have another level of government, that the provincial level, you know, reacting to what those national objectives are, we've got multiple regulators across the country offering their own interpretations on what can and cannot be done in this space. And it proves to be a problem, you know, with respect to the challenge to build the infrastructure that's going to be needed to meet our, our, our aspirations, our future aspirations, this complexity makes it very difficult to get things moving and get things done. And, you know, in addition to that, honestly, in the past year, you know, if you look at the relationship between federal government, the federal government and provincial governments, in some parts of this country, it's starting to smell and feel like just raw geopolitics, right. You know, all sides, frankly, on some of these files have have demonstrated the sort of dogmatic posturing that you'd expect between countries, not necessarily between provinces, and a central government and in a confederation. But, you know, the thing is, and I keep going back to this, if you sort of strip out the posturing that we see, the fact is, we actually agree on much more than than the areas where we disagree. And here's an example. You know, if you look at the, the,the provincial opposition in a number of provinces to the Government of Canada's clean electricity regulations, you would think that, you know, we're on completely different pages here. But, you know, if you ignore some of the, you know, saber rattling, and the point scoring, you actually can see that there is general agreement provincially. And federally, that electrification is going to be, you know, the long term solution to our climate crisis. In fact, the only thing that's in dispute is sort of the deadline and the methods that we're getting there. So, you know, there, there are expressions in some provincial capitals, about the clean electricity regulations as the method and you know, and dispute as to whether or not it should be 2035, or a different time frame, but everybody is on the same page of, you know, an aspiration to have a non omitting sort of a clean system throughout the economy by 2050. And so, you know, that's the starting point that we work from, is that, oh, yes, there are certainly disparate views on some of the methods and some of the policies, but objectively, we are all attempting to head essentially in the same direction. We're all heading towards, like this net zero future. It's just a question of, how are we going to get there and, and with the time you're going to be, Trevor Freeman 13:18 it's interesting to hear you say that, because that's, you know, a couple episodes back, I talked to David Caletto, from abacus, and he was talking about just the general populations opinion on things, and it mirrors that exactly. So it's not just our sort of various jurisdictions and levels of government that kind of agree, where we need to get to, they just don't know how we're gonna get there. They don't agree and how we're gonna get there. Francis Bradley 13:40 Yep. Trevor Freeman 13:41 Your average Canadian also agrees with that. Canadians feel that a an electrified energy sector energy system is better than a fossil fuel one. Francis Bradley 13:50 Yep. Trevor Freeman 13:51 We just don't agree on how we're going to get there. So yeah, that's great. Great to hear. And that leaves you guys to sort of thread that needle and find the common points and amplify that I imagine. Francis Bradley 14:00 Absolutely. And, you know, and, and attempt to come up with solutions. You know, given that our principal role is, is is in advocacy, you know, that that means that we're in the public policy, loop solutions business, and trying to attempt to find ways to to, as you say, thread that thread that needle, but also, you know, figure out ways that that we can make sure that we have policies that are supportive of that future that, you know, as you said, even even the polling work that the David Caletto discussed with you. They agree that that's the destination as well. So, like, what's one of the public policy specific initiatives apart from the overall objective that we should be seeking to, you know, seeking to pursue? Trevor Freeman 14:51 So if I could pick on one of those specific issues, you know, keeping on this theme of regional differences and regional challenges, we have different relationships with the fossil fuel industry in Canada. And that includes both our electricity generation, some of our provinces have predominantly carbon free generation and some don't. And in terms of our economy, so I mean, West fossil fuel is weaved into the economy and a pretty integrated way. How can we navigate this move to cleaner electricity, collectively as a country, knowing that different areas of the country have to do different things to get there, and it's going to impact them in different ways? Francis Bradley 15:31 Yeah, and it isn't surprising that different parts of the country have a different approach to this, and they're coming from a different starting point. You know, it's kind of the luck of the draw, when, you know, when, when the geography prior to, you know, it prior to prior to anything like this, it was all determined by geography, if you happen to be in a jurisdiction today, that has a lot of water and a lot of different elevations so that the water is falling, you know, you're starting it certainly in a in a in a better place. That, you know, that the challenge overall is to is to really try and figure out how we we make this work across the country? You know, you're you're absolutely right, there are some parts of this country that have historically been very reliant on fossil fuels for the production of electricity. Why? Well, because they didn't have any falling water, or they're relatively flat. And so you know, that that was the certainly the case. And it continues to be the case and the challenge for some jurisdictions, so, you know, take the example of the draft clean electricity regulations that, you know, we've been, we've been talking about, and we're spending a lot of time focused on they, they hit different jurisdictions very differently, this objective to try and reach a netzero grid by 2035 is not a huge stretch, if you happen to be, you know, in in, in Quebec, or in British Columbia, or in Manitoba, it's a lift, but it's not a huge lift. You know, however, if you're, if you're elsewhere, it, it can be quite challenging. So the problem that we have there is, but you know, when the government of Canada began putting together their work on the clean electricity regulations, they use modeling that looked at the national average, and, you know, nationally, they were 84%, non emitting as a country. That's great. Trevor Freeman 17:31 Right. Francis Bradley 17:32 But, you know, they really should have taken a hard look at what the differences were between different jurisdictions in the country. And they should have done their modeling that was much more local. You know, Canada is a big, diverse country. And, you know, you hinted at that. So, you know, exactly nowhere in Canada is average. Right, and so we shouldn't be modeling nowhere. Because then that simply doesn't work. You know, and, and the, the simple illustration, I will often say is, if you've got two lobsters, and one of them is in the freezer, and the other one is in the pod on your stove, on average, the temperature is pretty good for the lobsters. But it isn't for either of them, right? Yeah. So, you know, listen, why does this matter? Well, if we get the modeling wrong, and if we don't understand the differences between the different regions of the country, we're going to be making decisions on how to allocate because, you know, we talk about 2050, and what is Net Zero 2050 Looks like, looks like it's going to be, you know, trillions of dollars worth of investments are going to be required. And if they're leaning on models that are not right, that becomes problematic. It's a huge bet that we're making, you know, if the models we base our decision making on and where we're going to be putting our investments aren't accurate. If the regulations are wrong, you know, these clean electricity regulations, because they didn't take into consideration the regional differences. Compliance is going to be expensive. It could in some jurisdictions, you know, make blackouts or brownouts more common with bigger impacts, and it might have disproportionately more significant impact on on the rates in most jurisdictions. So, you know, the reality is, it's four provinces in, in in Canada, that have a starting point with respect to decarbonisation, that's substantially lower than then the rest of the country. They've got much more significant lift if you happen to be in Alberta, Saskatchewan, Nova Scotia and New Brunswick. That's just the reality. So you know, we need to move forward with the with decarbonisation, but we need to be realistic that moving us from what we have today and 84% carbon free system to 100% is going to be far far more complicated than it's assumed. Again, looking at it on a national average, it seems like only a small numbers, you know, we're at 84%. It's not a stretch to 100. Except if you're in a jurisdiction where it's, you know, 10%. Yeah, then it's a problem. Trevor Freeman 20:09 Okay, so 11 years, we got our work cut out for us. And we'll kind of see how we move forward. A big part of what we're going to talk about today is electricity, Canada's recent report that you've called Getting to Yes. The 2024 state of the Canadian electricity industry. So in the very first lines of the report, you talk about how there's this culture of No. Which is creating these major obstacles to progress. The report highlights that there have been all these funding pledges from the federal government. But projects are not getting off the ground. They're hitting barriers. Can you elaborate on what some of those barriers are? Francis Bradley 20:48 Sure, absolutely. Happy to. This is, this is something that we've been very focused on since we released a report earlier this year, is is an initiative we do each year, we try and kind of sum up what we see as the most significant challenge for the sector. And, yeah, the challenge for this sector is we need to, we need to figure out how to how to get to yes. This year, earlier this year, we saw the release of RBC, the RBC climate action Institute report that charted this massive growth for electricity, particularly with the rise of electric vehicles, and home heating. But the reports word of the year for the electricity sector is moratorium that because that was, you know, such a significant event, in the past year 2023 was a difficult year, frankly, you know, we've seen some projects that were halted temporarily like that six month moratorium, the pause on renewables in Alberta, we saw some projects, you know, like the Atlantic loop in the Maritimes, that were halted in indefinitely. And, you know, what's moving forward now is, is a piece of what would have been the Atlantic loop, but the Atlantic loop just just hasn't moved forward. So, you know, there, there is a very significant challenge, right now, with respect to being able to ensure that we have the policy frameworks in place. So that we can can get beyond these challenges with respect to moving through the regulatory frameworks. And at the same time, we need to make sure that we get the financing and the financials in place. I mentioned that RBC report, the title of the report, this year was double or treble, they estimate that we should be investing to be able to meet our aspirations, we should be investing at a rate of about $60 billion a year, in clean energy on an annual basis, were investing at a rate of barely 20 billion a year. So we need to more than double, almost triple the investment that we're putting in place to be able to meet those those targets. It's interesting, it's very consistent with the recent plan that Hydro Quebec came up with, to meet its 2035 objectives, it's estimating that it's going to close, you know, close to triple its capital investment to be able to to meet those. So we're well below what needs to be invested. And part of the problem is, is this, you know, we had a culture of, of no, you know, we we kind of have the technology to be able to do this. And we have, you know, the the financing, there are people who were are willing to invest in this space, because this is a good space to invest in. We have, you know, commitments and agreements in terms of what the overall target is that just that we seem to have set ourselves up with, you know, overall regulatory frameworks, that that slow things down. And by the same token, you know, we're waiting on final details for, you know, some of the financial incentives the Government of Canada has promised, like the investment tax credits, we're still waiting for the final details on that. And, and this is stuff that was promised almost two years ago. Trevor Freeman 24:12 Yeah. And I mean, these projects are not quick projects, they're not short projects, they take a long time to get off the ground. So every absolutely moment that's lost as an impact. There's a lot to pick apart and what you just said, and I there's a few things I want to pull on that maybe to start with, is anybody getting it right, right now in Canada? That's like a Canada just specifically, is this going well, anywhere in terms of getting projects up and running and off the ground? Francis Bradley 24:36 Well, our our focus as it associations is at the national level. And so at the national level, no, we're not getting it. Right. You know, there's a number of things that we need to do to be able to improve this and some things that we've been, we've been asking for so you know, like in terms of some some concrete steps at a national level. We need to coordinate federal impact assessments and project permitting through a central federal office. Again, this is something that that has been proposed, but isn't there. Second, we need to build capacity of regulators to deliver on our netzero goals and their decisions. They need to do prompt to so promptly they need to do it effectively. And third, you know, there was a one project, one assessment framework that the federal government promised in budget 2023. And then it promised that again, in budget 2024, that would be great to see that coming forward, like in this year's Federal Budget, it was teased, that, you know, many of the things that we would like to see are going to be addressed. But, you know, how long is it going to take? And, you know, are we actually going to be able to, to see some of those things implemented and implemented in a timely manner are open questions. And I've been I've been in front of parliamentary committees trying to get some of the move forward, some of the budget implementation details like the investment tax credits, move forward, but they we don't have all of the investment tax credit details yet in front of us much less moving them forward. And, and the clock is ticking, you know, that we keep getting closer and closer to to our targets, and we haven't made it any easier to get projects built. Trevor Freeman 26:32 You mentioned regulatory hurdles as one of those obstacles. What are you talking about when it comes to regulatory hurdles? I mean, like you said, you kind of focus at the national level, there's the provincial level. Talk us through what some of those hurdles are. Francis Bradley 26:44 Sure. Okay. Well, let me let me let me start with the the Impact Assessment Act, it's it's one of the biggest examples, frankly, of what up until now has been a culture of No, and this isn't a knock on the the individuals involved. It's just how the legislation is structured and how it works. Electricity, infrastructure projects are logistically complex, they require long lead times, they can take years to design to build construct. And that's even outside of the government approval process. At the current rate of regulatory approvals, new projects may take as much as 10 or more years to complete the, you know, the Federal provincial and territorial impact assessment processes, and obtain those relevant regulatory permits from various governments and regulators, you know, in Florida to have like, fully decarbonize, and, you know, double it grid capacity in a little over 25 years. This is going to be a challenge if it's going to take us a decade to get through these these processes. So when we were researching our state of the industry this year, we did a search of the open applications on the impact assessment act's website, what we found is that six projects, including electricity projects have been suspended indefinitely, because the information gathering effort to proceed with the federal Impact Assessment were enough to force a pause on the process. So it's possible that some proponents might reengage with the process, but what we found was that the paper exercise associated just the paper exercise with the impact assessment was enough of a deterrent to cancel or you know, otherwise viable projects, including, you know, in one case building a natural gas and hydrogen fueled electricity generating facilities and hydroelectric facilities. If just the time to go through the Paperchase is so long. This is problematic and something that needs to be addressed now, we're we have a revisions and amendments that have been introduced to the Impact Assessment Act as a result of the Supreme Court decision. I have appeared before parliamentary committee a couple of weeks ago, to speak specifically about that, and in hopes that we're actually going to see this move forward in a more of a timely fashion. But it was made clear by one of the other representatives that was giving evidence to the committee that that their expectation, this is from another province, their expectation is that they will once again be challenging this version of the Impact Assessment Act. So So even that creates further uncertainty. And just the uncertainty, the last thing that the business wants to be able to make generational investments is, you know, a stable, uncertain environment within which to operate. Trevor Freeman 29:41 So, on that topic of investment, you talk about the need for major investment in both transmission and distribution infrastructure. And just as a reminder for our listeners, that's the poles and the wires and the transformers. That's the real hardware of the electricity system. Those are already really big buckets. So help us understand I got a couple questions around this, you know, what kind of investment are we talking about? Is it building more of those poles and wires? Is there something else in there? What size of investment? I mean, you mentioned $60 billion and clean energy. And who should be making this investment? Who are we looking to hear to be making this investment? Francis Bradley 30:20 Yeah, I mean, that these are these, these are great questions in terms of what the investments are going to look like. And so, you know, we're looking at, as I said, earlier, doubling, doubling the grid, we're going to need at least two times more kilowatt hours when we get to the future. So you know, that's the level of investment that we need to be thinking about. There have been different organizations that have tried to kind of get a scope and scale of what that actually looks like, again, I mentioned the the RBC climate Institute. Last year, it had a study that came out, and I believe they, they paid this, I think it was $2 trillion, was the was the amount that they expected this to cost. Where's the money coming from? Well, you know, that's a really good question. And it's one that we've been engaging in for a number of years now. And, you know, not to be a little too much. I'll try. I'll try not to be like totally pedantic on this. But, you know, if you, if you consider, from a public policy standpoint, if if we believe that expanding the electricity system is necessary to decarbonize the Canadian economy, then essentially, what you're saying is that expanding the electricity system is a public good. from a, from an economic theory standpoint, if it's a public good, well, then it is something that should be borne by that taxpayer, not the ratepayer. Right. And so, you know, part of this discussion is, who needs to bear the costs for building out a clean non emitting electricity system, so that the rest of the economy can decarbonize? Should it be the electricity customer? Or are there parts of this, this core infrastructure that, that are regarded as a public good, and it's something that is paid for by the taxpayer, you know, and we see this in, in, in other sectors, other sectors as well, where, you know, certain things are perceived to be public good, and they're taxpayer supported. And we saw a bit of a recognition and a realization that this made sense to a degree in the federal government's budget in 2023, where, you know, they essentially pledged, one in every $8, in new spending was going to go to clean electricity projects through a variety of needs, you know, the investment tax credits, the candidate infrastructure bank, a number of funding mechanisms. So I mean, that those kinds of dollars from the federal government was a commitment to building infrastructure that that really is unheard of, at a national level since the Second World War. So you know, it really kind of moved clean energy and electrification into the category of well, I guess it's a public good, because, you know, there's a recognition that if the federal government wants to achieve these policy objectives, it needs to put some federal dollars in there. So, you know, that determination is, and whether it's a public good or not, as has been made in favor of the taxpayer versus the rate payer. Now, again, you know, you could easily say, Well, hang on a second, the rate payer, the taxpayer, the same person, except that it doesn't quite work the same way. We, you know, do do we want to attach to the customers bills, every single customer, that the cost of, you know, this, this expansion of our infrastructure or not, and, you know, electricity bills, are not something that, that, that fall, as taxes do disproportionately on those that are more wealthy. Right. And so, it's a little more fair. Now, you know, in terms of the specific investments, you know, I think, I think exactly how this is going to happen, and how it's going to roll out, those details are still being worked out by by some of our members, but I do want to highlight that, you know, the, the approach here, that we're seeing from the government, which we appreciate, is, you know, a one that is so far technology agnostic, which we think is the right way to go. So, you know, there isn't like a right way or a wrong way to generate electricity. So, you know, the future that we see is going to be an all of the above future, that will encompass wind and solar and nuclear and traditional hydro and, and, and hydrogen and carbon capture and storage. And more, not only does that give us, you know, the greatest flexibility and gives us the ability to to balance different types of generation of dispatchable versus non dispatchable. But it also gives us you know, overall, a far more flexible system. So, you know, That's the what the future is going to look like. So to, you know, to, to give you the short answer, it'll be all of the above, and it'll be probably $2 trillion. Trevor Freeman 35:08 What's the role of private equity and all of this? Francis Bradley 35:10 Oh, I mean, it's going to have, it's going to have to play a significant role, that there's no doubt about it. And in fact, that's one of the things that are BC has pointed their finger at when they when they identify the lack of investment right now, in this space, they note that the vast majority of it is public money. And the vast majority of that public money right now is federal public money. And so what they have said is they expect that there's going to have to be significantly more dollars coming from different levels of government, but also from private private investment and private investors as well. And this kind of a, you know, this is good news and bad news on that. I mean, the good news is, you know, their sense is that if we get the economics and the policy environment, right, that it won't be a problem, attracting capital. On the one hand, on the other hand, man, we're competing, you know, we're not an island here, and like, even now, where it's been taking us such a very long time to get the investment tax credit regime in place, and it's not in place yet. Whereas south of the border, the inflation Reduction Act, was developed and rolled out in short order. And what I'm concerned about is that, you know, people that want to invest in clean energy projects, I mean, I don't want to hear the sucking sound of those investment dollars flowing from Canada into the United States. But, you know, there has been more private investment in this space in the US than in Canada, because they've already established the regime that this is going to discuss, you know, production tax credits and, and, and other mechanisms. And we're still working out the details on ours. But yeah, you know, everything that we've heard is, there's a great deal of appetite, so long as we get things sorted out, as long as we get it, right. And that's why, by the way, one of the other things that's interesting for us as an association, is because our members are of, you know, a wide variety of types, a number of my members are investor owned companies. And so, you know, some Canadian companies that have become international players and international leaders, so, you know, Nova Scotia Power, it's now under a holding company called Amera, that is a major player, there's all of the Fortis companies, for US companies are our major players internationally. Afco is one of our members, and they're a big international player, you know, Transalta, again, you know, there's these are very significant players, capital power. So these are all all members of our organization. But it also gives us an ability to kind of get some insight into, into what the business looks like, for private investors as well. And, yeah, you know, what, what we're seeing and what we're hearing us, we need to get the policy, environment and the regulatory environment, right, because that right now is proving to be a barrier. And it's not just not just not not just us saying, you know, they'll see that reflected in other reports, including the RBC report where they talk about these the same sorts of things. And, you know, there's a recent reliability report by the North American Electric Reliability corporation that they've mentioned, as well, you know, one of the risks it sees over the longer term is, is a risk with respect to policy, and lack of policy and bow policy alignment. Trevor Freeman 38:40 I think I mean, you bring up the inflation Reduction Act, that highlights the value of policy in the setting of the stage to allow for the types of investment and the types of projects that we need going forward and the critical role that governments and policymakers can play there. And actually, my previous guests, and I talked quite a bit about policy. So that's timely. When we talk about these major investments, and you start talking about these major dollar values. You know, you're no stranger to this, I'm sure, electricity prices, the cost of electricity is a sensitive subject and has been for some time now across the country in many different jurisdictions. We often look at as a distribution company, Hydro Ottawa, we look at what we call our social licence. And that's not a term that's unique to the electricity sector, to essentially the the permission our customers give us to operate our business. As we look at these investments, as we look at the amount of dollars that have to be invested in our in our sector and our industry. We know that there's an affordability crisis in Canada right now, lots of people are struggling with cost of living. And those two things can seem at odds. So I want to get your thoughts on how do we continue to hold on to that social licence that we have and in fact grow it and build it because electricity as we know it and your utility as you know it are going to be Change. And how do we get people on board with that, while still making the level of investment that we're talking about here? Francis Bradley 40:06 Okay. All right. So, you know, I kind of touched on this a couple of times. But know, first and foremost, the energy transition, if you will, as I noted earlier, can't be paid exclusively by the ratepayers right? At be, you know, this is this is an overall objective that we have. And so, you know, the the infrastructure built is so large, that it needs to be certainly parts of it need to be paid through the tax system, and that that is progressive in a way that, that that rates are not progressive to begin with them, you know, but boy addressing vulnerable customers absolutely critical. You know, there's a variety of things that that could be tried, you know, in the United States that there's a Low Income Home Energy Assistance Program, that it helps keep families safe and healthy through initiatives that assist families with energy costs this, I think they call it the LIHEAP provides federally funded assistance, to reduce the costs associated with home energy bills, energy crises, weatherization, and minor energy related home repairs. So you know, a similar initiative in Canada, could be there to assist the the most vulnerable, you know, as as, as you're aware that, you know, your your, your most vulnerable customers are the ones that have the least capacity to do things like weatherization. And so, you know, there's an example of a national program that we could look at as a model. You know, one of the other is let's, let's try not do dumb things at the same time from a public policy standpoint. And one of the areas that we've been lobbying and has been something called the excessive interest and financing expenses limitation, we call it Eifel. And now it is not going to impact your customers, but in some jurisdictions of this country, it is actually going to bite the customer. So this is a this is a change in financial rules that will limit the amount of interest paid interest expenses that can be deducted from taxable income for existing and new borrowings. Now, it sounds complex, but basically every dollar that is denied interest, it winds up getting passed on to the customers, and it increases the cost of capital. Now, it only affects a smaller number of jurisdictions in this country. But you know, in the US and the UK and other countries, they have exemptions for this role. So they don't apply to utilities, but it will apply to to utilities here in Canada. And so like, right now, the only exemption offered to this is for investments in rental housing, which, you know, we see, but you know, that that's a, that is a program that some of your listeners though, not the hydro Ottawa customers will will likely be aware of, but you know, there's also an important role for energy efficiency and conservation programs in this space, right? You know, energy equity programs, thermostat installations, insulation rebates, and direct install for low income customers, they all help people to reduce their energy costs consumption and, and help them reduce their energy bills. But you know, you're absolutely right, we need to make sure that we keep our eye on the most vulnerable as we go through this transition. And there are ways that we can do that. And there, there are examples like that program I talked about in the US, even at a national at a federal level, where there are programs that we could put in place. Trevor Freeman 43:39 Yeah, we do have I mean, there's, like you say, there's national programs that could be rolled out, we do have more local programs and Ontario, there are some assistance for low income customers that that we can support on the electricity bills. Federally, we've seen that investment in kind of on let's call it the supply side, helping helping homeowners access capital for low carbonization upgrades. So whether that's weatherization or putting heat pumps in, you know, the current program is oversubscribed and pause as a result, but seeing more of that and more directed to electricity specifically, I think would be would be great. When it comes to emerging technologies, so things like energy storage, smart grids, shaping the future of our sector, and let's break that apart a little bit. Let's talk about that at the macro level first. So kind of the grid level, and then we'll talk about it maybe on a behind the meter on the customer side of things. What do you see the role is for these new emerging technologies? Francis Bradley 44:40 Right. Well, you know, I mean, you know, as I said, as I said earlier, I think the the future is going to be an all of the above approach. And emerging technologies absolutely are going to be a critical part of this. But you know, we need to be realistic too. So you know, there's technologies that that may be able to replace fuel base generation but they're not yet commercially available, and they're dependent upon supply chains that are not yet at scale. So, you know, there's a lot of reasons to be optimistic, for example, about the role that small modular reactors are going to play or the battery storage will play in our electricity nicks out to 2050. But is it realistic to assume that they'll be deployed on a large scale between now and 2035? You know, we need to look at both the the medium term and the long term solutions. And so I think a lot of these technologies hold a great deal of promise, when talking about a 2050 timeframe, the 2035 timeframe is a little bit more more challenging, you know, one of the emerging technologies I mentioned in a minute ago, small modular reactors. And so, you know, we we see, Ontario Power Generation moving very aggressively hoping to complete their build by 2028. Get to grid by 2029. But, you know, if you happen to be Saskatchewan, and you're hoping that small modular reactors will be your solution over the longer term, you may not be in the 2035 timeframe. So, you know, that's, that's the challenge there. So I have a great deal of confidence in our ability to develop those technologies. And I think there's going to be some huge advantages as well, right? I look back, because I've been around the sector long enough to, you know, the early days of, you know, candu and the build out of the CANDU reactors, principally in Ontario, but although, you know, we have a plant operating in New Brunswick, and we did have one in Quebec for a time, but we built an ecosystem to support that as well. And, you know, I'm very bullish on our ability to develop these new technologies, hopefully develop them here in Canada, and develop the ecosystems and the supply chains here in Canada, not only to the benefit of sort of Canadians and Canadian customers, but I think, you know, much like can do this could be technology that we'd be able to, to market around the world. So small modular reactors, carbon capture, you know, this is there's so much work that's being done in this space, that, that, that I'm confident that they will be important technologies, and they will be important for our supply in the future. We just need to be realistic about when we can rely on them. Because you know, that the one thing that that we can never sacrifice, of course, is the reliability of the system that's customer will never accept that. Trevor Freeman 47:35 Yeah, of course, we're so intertwined. I mean, everybody that's listening knows this. This isn't any kind of insight, but we're so intertwined that yeah, we can't sacrifice that reliability. And it does, it touches on this idea that we have the technology that we need today, in the in the sort of near and medium term to get going on this stuff. And we're already going on this stuff. And then there are these nascent technologies that some of them may succeed, some of them may not, but we, we do need to invest in those. And we need to figure out which one of those is going to help us in that sort of medium to long term to get over that last 5, 10, 15%. Who knows what, but help us get there? What about on the sort of smaller scale behind the meter side of things when we talk about these emerging technologies? So distributed energy resources, you know, solar storage at the home level? Do you see that playing a big role in how we move forward here? Francis Bradley 48:32 Yeah. Like not tomorrow or next week? But you know, when you when you're looking over the longer term? Absolutely, I mean, I think, you know, we're already seeing changes in terms of how the customer interacts with the, with the supplier, in some jurisdictions, where, you know, you'll look at, you'll look at Hawaii, you'll look at Australia, where we see massive penetration of rooftop solar, for example. But what what that's given us is, it's given us the ability to get insights in terms of how that change in the relationship between the supplier and the customer that's going to evolve. Absolutely, and it is clearly something that, you know, as we've seen, in in, in those jurisdictions, that there is a, there's a significant amount of interest in, in in pursuing this. And there's a great deal of interest when the opportunity arises on the part of customers to be able to access technologies that allow them to feel like they they have more agency, sort of in the relationship and how they relate to electricity. So yeah, absolutely. When you when you go out to, you know, the longer term, distributed generation rooftop solar mine, I'm a, you know, an EV driver now, but like 10 years from now, you know, hopefully we will have figured out how to use vehicle to grid. You know, again, you know, when I talk about it you're going to need two to three times more kilowatt hours. I'm not saying we necessarily need two to three times more generation, because a lot of these technologies are going to give us the ability to have a more flexible, and more efficient electricity system. And a number of those are at the customer level. So you know, if you think of an electric vehicle, that is probably charging 2% of the time, or 4%, of the time, and the rest of the time when it's not being driven, it's plugged in. And that's a I've got an 82 kilowatt hour battery, that, you know, at some time in the future, me and all of my neighbors will have 82 kilowatt hour batteries. And so like how many megawatts on my block that that we could tap into, that can not only give the customer the ability to, as I say, have more agency in the relationship, but man the kind of flexibility we'd get for the distribution system operators, to be able to tap into that the greater resilience that we would have. So you know, that's just one example of a technology that that I think holds a huge amount of promise and that one aint pie in the sky, because I'm driving around with with a 82 kilowatt hour battery today. Trevor Freeman 51:11 Yeah. And I mean, the other side of that is also happening, the utilities are getting ready for that, and putting in the foundation and the building blocks that we need now, to do what you just described, to be able to look out there in our service territory and say, what are all the assets that I can use not just the incoming power from the grid, not just our switches and transformers? But what are all the assets that I can call on? And how do I incentivize this customer to do this behavior? You know, a couple episodes ago, we talked about what's our grid modernization roadmap, and it is designed very much around that, that capability. So I mean, that was a bit of a loaded question. I'm, that's kind of the answer I was expecting. For sure. But yeah, that's something that we're super keen on and super interested in. So Francis, as we kind of wrap up today, you know, maybe sum up some of the major steps that you want to see us take nationally in terms of policy to get out of this culture of No, as you call it. And into the you know, getting to yes, that towards the name of your report. Francis Bradley 52:15 Sure. Okay. So to get to that place, we would have that one project, one assessment framework that's been promised in two consecutive federal budgets, we'd have it and we'd have it up and running, we have significant changes to the Impact Assessment Act, we would have a clean electricity strategy. That's been one of the things that, that we've been asking of the federal government for the past several years, you know, we have similar strategies, we've got a national strategy for hydrogen, we've got a national strategy for minerals, we've got, you know, national strategies in a whole bunch of areas. We had a commitment last year by the federal government to have a national strategy for for clean electricity. So we're hoping to see that this year, we would engage indigenous communities at the start of a process and we'd work to split equally in favorable ways like Hydro One, and for desync have done in Ontario. And we would have collaboration at all levels of government, federal, provincial, indigenous, as well as regulators. That would be that would be my wish list. Trevor Freeman 53:11 That's, that's no small list. Well, Francis, it was really great talking to you today. We do always end our interviews with a series of questions. So if you're ready, I'll dive right into that Francis Bradley 53:22 A series of questions. Uh oh. Okay Trevor Freeman 53:24 We'll see how you do here. What is a book that you've read that you think everybody should read? Francis Bradley 53:30 Okay, well, it is a book that I have not read yet. I've just begun reading it because somebody pointed me in this direction. So I just got it. It's called the parrot and the igloo. And that the subtitle is climate and the science of denial. It is a it is a sofar, a very, very interesting book by the author David Lipski. So, I've just started reading this, but so far, it's proving to be a really great read. Trevor Freeman 54:03 If our listeners can hear me typing here, every once in a while, actually, you know, maybe half the time I hear about a book that I haven't come across yet. So I'm taking notes here. That's a good one. Francis Bradley 54:12 There you go. Yeah, the parent and the igloo. Trevor Freeman 54:15 So same question, but what's a movie or a show that you would recommend? Francis Bradley 54:19 Oh, okay. Well has nothing to do with energy or electricity or climate change. But But Mad Man. the I think the greatest the greatest series that they did ever been produced and television. Love it. Yeah. I wish I would have been there. They just seem to be such weird and creative meetings that they that they wind up in terms of figuring out the advertising back in the 1960s. Trevor Freeman 54:42 Yeah, totally. There's, there's no shows out there that you can go back to several times, if not indefinitely, and that's, that's certainly one of them Francis Bradley 54:49 that's one of the ones for me. Trevor Freeman 54:50 Yeah. If somebody offered you a free round trip flight anywhere in the world, where would you go, if you could offset the carbon Francis Bradley 54:59 I would I would, I would go to Ireland, I had been planning a trip to Ireland in April 2020. With with two of my kids. It never happened that we've never been so, you know, one one side of our family the roots go back there. But I have never been so it would absolutely be to Ireland. Trevor Freeman 55:22 Very cool. It is amazing how many times I hear that sort of there's those 2020 2021 trips that were planned that never happened. Yeah. are on the list for everybody. That's great. Who is someone that you admire? Francis Bradley 55:36 Niko Tesla. Yeah, Tesla, who is I think one of the real unsung heroes of the of the past, you know, people know all about, you know, Edison and Westinghouse. But very few people know about Tesla. And and I think I think he had significantly more patents than either either of those two guys. Everybody knows the car, but very few people know the man. Trevor Freeman 56:03 Okay, so last question, what is something that you are excited about when it comes to the energy sector and its future? Francis Bradley 56:10 Everything Trevor Freeman 56:11 Great The future is bright. I mean, I wouldn't want to be anywhere else right now. Specifically, you asked about the energy sector, but specifically electricity, I'm, I'm really looking forward to the future. You know, I talk a lot about, you know, we're going to have to build in the next 25, 26 years, a system that is twice as large as the system we had, you know, 120, 130 years ago. But if you look at how much a society has changed, because of electrification in the past century, society is well is going to change even more significantly, in the next 25 years. As we move forward. And we double, I'm really, you know, it's just like everything about what's going to happen in the sector. And, and, and our utilization and the new technologies that will, we'll have access to is, I find it endlessly fascinating to see what that future is going to look like I'd listened 15 years ago, nobody had iPhones and iPads, and all of these new technologies. And we used to have to watch TV shows when they were scheduled. And, and, you know, when I started working back in the day, if you if you wanted money, it would be cash, and you'd have to go to the bank. And if you didn't get there by Friday afternoon, you were stuck for the weekend. So yeah, you know, now I pay everything with my with my watch, right? Yeah, it's not even a tap. I just, I just use the watch. And so like, what's going to change in the next 25 years? It's going to be endlessly fascinating. It does feel like it, you know, and I've been in this industry a little while now. And it seems like the rate of change, specifically on climate on the energy transition on decarbonizing feels like it's picking up speed and getting momentum, and people are kind of getting behind it, not to say we've solved all the problems, but Right. That's the optimistic piece for me that I look at and say, Yes, stuff is happening. And this is a really cool spot to be I agree. Francis Bradley 58:16 Absolutely. Trevor Freeman 58:16 Well, Francis, this is a fantastic conversation. I really appreciate you taking the time and sharing your insights with us. And this was number two on the podcast, so I'm sure there'll be a third at some point. Francis Bradley 58:25 Excellent. Thanks a lot, Trevor. It was great to chat with you take care. Trevor Freeman 58:28 Yeah. Thanks. Francis Bradley 58:29 Cheers. Trevor Freeman 58:31 Thanks for tuning in to another episode of The think energy podcast. Don't forget to subscribe wherever you listen to podcasts, and it would be great if you could leave us a review. It really helps us spread the word. As always, we would love to hear from you. Whether it's feedback, comments, or an idea for a show or guests. You can always reach us at think energy at hydro ottawa.com
When we talk about building a more sustainable future, the journey is as important as the destination. Steering the electric grid through these monumental changes requires leadership and creativity. As the NYISO's Director of Grid Transition, Udayan Nair oversees the integration of new elements of the industry into our operations and planning functions and works to facilitate coordination across teams.“A change of this magnitude is going to impact all parts of the organization,” Nair said. “It's going to require the collaboration of the entire sector to be successful in this mission.”New York's ambitious climate agenda inspired Nair to relocate his family from Ontario to Albany last year to head up the grid transition team and make sure the organization is well-positioned for the future.With combined expertise in demand forecasting, environmental engineering, gas and electric coordination and power system engineering, his team is tackling numerous challenges around the power system transition that is well underway. In our latest Power Trends podcast, Nair discussed some of these challenges, including the impacts of the electric system's evolving demand profile, the retirement of thermal energy resources, extreme weather events, shrinking fuel security margins and questions around how renewable resources will interact with the grid. Nair's department works proactively to formulate solutions to these problems. Increasing coordination between the NYISO's operations and planning elements is the first step. They also perform detailed engineering studies to integrate inverter-based resources, assess the impact of environmental policy on the generation fleet, and provide real-time engineering support to the control room.Maintaining grid reliability through this period of uncertainty is central to the NYISO's mission. Data can help illuminate the path forward, Nair said. His department is now looking to add a data scientist who can support the department's various functions and enhance the NYISO's forecasting capabilities. Nair's experience in three power sector verticals – transmission, generation, and system operations – has given him deep understanding of the grid and the conditions that must align to keep the system going. “It helped me understand and appreciate all the things that have to happen perfectly, so that when you turn on that light switch, the power comes on,” he said. Nair earned a Master of Engineering from the University of Waterloo and a Master of Business Administration from the University of Toronto. In addition to working for multiple system operators, he has held positions at the electricity generator Ontario Power Generation, leading transmission owner Hydro One, and the vertically integrated utility company ENMAX.New York's climate plan raises complex questions, many of which have yet to be resolved, but the state is not alone in its effort to transition to a cleaner, greener electric system, Nair said. Maintaining a stable grid throughout the transition requires close coordination with neighboring system operators, especially during extreme weather events. “We don't have to reinvent the wheel. When we look across the nation, everyone is embarking on this clean energy journey simultaneously,” Nair said. “Other ISOs are on different points in their journey, but they may have trialed certain techniques and practices which work very well. What can we learn from them?” Learn More Follow us on Twitter @NewYorkISO and LinkedIn @NYISO Read our blogs and watch our videos Check out our 2040 grid page
Why is male allyship so important especially for female leaders? Join us as we speak with Dr. Anju Virmani who spent many years as Director of Engineering and is passionate about her role as a director for many boards which include Payments Canada, Ontario Power Generation and Ontario Health. She migrated to Canada at the young age of 20 and sadly her education was not recognized. But she knew she had to find a way to build a life and sustain herself in her new country and even after a lot of discouragement, she decided to switch from child education to computer programming, eventually leading her into engineering where her focus was about solving for complexities. During our conversation, Dr. Virmani shared with us the opportunities and challenges faced when working in male-dominated sectors, and how she is making a difference for both men and women as they navigate the differences in how we lead. She also speaks about the work she has done to encourage and support students (especially women) in those final years of school by helping with scholarships and mentorship. Her influence spreads wide and far with those she leads and is a role model for. The power distribution belongs to men – so how do we get better at empowering more women? And how do you ignore the male influence? This becomes critical to change the narrative. Understanding the role male allies play and how both men and women leaders have a responsibility and power to make this change. She shared a great story when she was invited to join a celebration for Diwali and out of 40 participants, she was the only female in the room. The men were congratulatory and communicative, and yes there were no other women in the room. She was comfortable highlighting this and encouraging everyone to change that in the future. She also talks about the importance of ensuring our boys are raised with equality in mind. We can't make changes unless we are all working toward building a pipeline for a more equitable future. Another wonderful example she shares is when a male ally invited her to a round table discussion with Prime Minister Stephen Harper…to learn what happened and her first experience being on a board, have a listen.Are you ready to better understand how you show up as a leader? Visit www.wilempowered.com and take our free leadership quiz. Enjoyed this episode of #WILTalk, please leave us a review and share with your friends and other women looking to have an impact. #maleallies #womenonboards #changemakers #womenintech #mentorship #sponsorship #wilempowered
Nuclear innovation is making a resurgence as an attractive power source for a net-zero future — from large legacy reactors to small modular reactors (SMRs). SMRs use compact and moveable nuclear technology, and if commercialized successfully, could bring new, non-emitting sources of electricity to big cities and remote communities alike, while providing greater flexibility to key Canadian industries that currently use fossil fuels. So how do SMRs contribute to Canada's energy security and what are the economic benefits to becoming a global leader? On this episode, we're joined by three nuclear leaders working to make SMRs a reality; Nicolle Butcher, COO at Ontario Power Generation; Bill Labbe, CEO at ARC Clean Technology Canada; and Heather Chalmers, CEO at GE Vernova.
Six people have been shot in Toronto's west end – five killed – in just two weeks, pastors in north Etobicoke say; former Ontario Power Generation nuclear operator James Mousaly was denied bail for charges of allegedly leaking 'safeguarded' information; and, Lenora Bellehumer of Ajax, Ont. is among the thousands of Canadians that fell for a cryptocurrency scam online.
Toronto police told a pedestrian struck by a police cruiser that no ticket would be issued as the collision didn't result in an injury; a former Ontario Power Generation employee has been arrested for allegedly leaking 'safeguarded' information to a foreign entity; and, former auto consultant Terrance Bailey of Etobicoke says he's stunned by CRA's ruling that he has to pay back $38,500 in CERB benefits.
Host Chad Hughes welcomes Jennifer Tidmarsh, Vice President of Indigenous Relations & Partnerships with Ontario Power Generation, to the show. Jennifer talks about the development of small modular reactors in the nuclear space and the challenges surrounding presenting those solutions to the community.Jennifer explains some of the public perceptions around nuclear power that have been shaped by events like Three Mile Island, Fukushima, and Chernobyl, and even pop culture references like the nuclear power plant in The Simpsons. Her work involves a lot of education around changing those perceptions and explaining the new initiatives in place for nuclear waste management. Chad and Jennifer discuss the Indigenous community's concerns about the storage and handling of nuclear waste, specific facts about nuclear waste, the complex regulatory process for it, and the value of nuclear energy for the future. Jennifer sheds light on the environmental assessments that go into nuclear power generation and how the OPG works to alleviate negative perceptions of nuclear overall and educate the public on safeties in place.“But really the perception has been we want more information about nuclear as a whole, not just those little snippets of, okay, here's the permit we need for this, for the reactor. It's where does nuclear fit into the Ontario grid, and why are you doing this? So we've spent a lot of time really talking about, you know, pathways to decarbonization, which was a report that was put out by the IESO. And you know what, the fact that we need generation and why do we need generation and what's the plan going forward. And so that's been, you know, us doing a lot of that groundwork. And we have had pushback. You know, I can't sugarcoat it all, right?” - Jennifer TidmarshAbout Jennifer Tidmarsh:With a strong background in the energy sector, Jennifer has worked with various organizations, associations, regulated and unregulated businesses, Indigenous communities, governments, and ministerial departments. Prior to becoming the Vice President of Indigenous Relations and Partnerships at Ontario Power Generation, Jennifer was the President of Transmission in Canada for NextEra Energy, the largest renewables developer in North America. In addition to business development in Canada, Jennifer also led the development and construction of the East West Tie transmission project in Northwestern Ontario, which went into service in March 2022. The East West Tie project is proud to have an equity partner in six First Nations communities, as well as training and employing a large Indigenous workforce in the region.---Chad Hughes | CEO, Entrepreneurial Leader, Author: website |linkedinJennifer Tidmarsh | Vice President, Indigenous Relations & Partnerships: website | linkedin | opg instagram
Small modular nuclear reactors (SMRs) could play an important role in meeting future energy needs. In this episode of Grid Talk, host Marty Rosenberg talks with Sandra Dykxhoorn, the vice president of New Nuclear Growth at Ontario Power Generation (OPG), based in Toronto.“It's a game-changer,” said Dykxhoorn about SMRs. “We are really at the front of the pack here. OPG is recognized now globally as a world leader in its small modular deployment.”SMRs will make their international debut in the free world in Ontario, Canada in five years.“The reason why small modular reactors exist at all and why people are investing in this technology is because we know there is a need for smaller, clean base load power options that can replace gas and coal,” Dykxhoorn said. “Part of the solution with the small modular reactor is that it's smaller so that should be quicker to build; doesn't take as long,” she told Grid Talk. “Additionally, it's more modular and more standardized. What we try to do is introduce factory buildout components.”It will be safer than conventional nuclear plants around for decades. “Essentially what they're trying to do is remove the humans that need to be involved in managing a nuclear reactor in the event that there's an emergency or something happens. Ultimately, there's something called passive safety.”As the Vice President of New Nuclear Development for Ontario Power Generation, Sandra Dykxhoorn oversees the company's long-term new nuclear growth strategy, building external relationships and creating a pipeline of opportunities. She has been with OPG since 2016 She graduated with a Bachelor of Commerce from the University of Carleton and is a proud alumnus of the Laurentian Leadership Program in Ottawa and the Institut d'Etudes Politiques (IEP) in Grenoble France.
Alberta, sitting on massive reserves of oil and gas, found itself teetering on the edge of blackouts this week as temperatures in the -40 degree ranges led to multiple grid alerts. As a new record for peak demand was set at 12,384MW, Alberta's 4481MW wind fleet went AWOL. This raises major concerns regarding electricity planning with a country wide federal mandate for Net Zero electricity by 2035 having already generated significant political controversy in Alberta which has imposed a moratorium on new wind and solar over affordability and reliability concerns. It is therefore a timely occurrence that this same week Alberta's Capital Power and Ontario Power Generation announced a feasibility study looking at near term deployment of a fleet of nuclear reactors in the province. Chris Popoff joins me to explain.
If you look at a chart of global nuclear energy output over time, what you see is hockey-stick growth from the mid-1960s through the mid-1990s—and then nothing. After growing from zero to around 2600 THw, we just stopped building more of it. But that's starting to change. Around the world, new nuclear projects are starting up, and plants scheduled for shutdown are being refurbished to last for decades to come. And one of the places at the forefront of this nuclear renaissance is Ontario. Ontario already produces an outsized share of the world's nuclear energy—around 3.7% of the global total, ahead of Germany and the UK. And in the last couple of years, it announced plans to increase that dramatically, with new reactors and refurbishments at its plants in Bruce Country, Darlington, and Pickering. We recently had the chance to tour the Pickering facility and see firsthand the work that's going on there. Afterward, we sat down with Riley Found, a Senior Manager for New Nuclear Growth at Ontario Power Generation, to talk about what's driving the renaissance in Ontario's nuclear sector and what's changed since the last time we built nuclear in the 1980s. ----- More episodes of Free Lunch by The Peak: https://readthepeak.com/shows/free-lunch Follow Taylor on Twitter: @taylorscollon Follow Sarah on Twitter: @sarahbartnicka Subscribe to The Peak's daily business newsletter: https://readthepeak.com/b/the-peak/subscribe
As demand for electricity increases, the need to diversify supply is also on the rise. In Episode 120 of thinkenergy, Lesley Gallinger, CEO of Ontario's Independent Electricity System Operator (IESO), unpacks what's driving the transformation of the province's power system, the potential opportunities, and the obstacles standing in the way. From hydrogen innovation to resource procurement, listen in to learn how the IESO is helping Ontario navigate to a cleaner, reliable, and affordable energy future. Related links ● Lesley Gallinger on LinkedIn: https://www.linkedin.com/in/lesley-gallinger-784a194/ ● Lesley Gallinger on Twitter/X: https://twitter.com/lmgallinger ● IESO website: https://www.ieso.ca/ ● Hydrogen Innovation Fund: https://www.ieso.ca/en/Get-Involved/Innovation/Hydrogen-Innovation-Fund/Overview ● Powering Ontario's Growth report: https://www.ontario.ca/page/powering-ontarios-growth 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 Check out our cool pics on https://www.instagram.com/hydroottawa More to Learn on https://www.facebook.com/HydroOttawa Keep up with the Tweets at https://twitter.com/thinkenergypod _________________________________________________________ TRANSCRIPT: Daniel Seguin: This is Think Energy, the podcast that helps you better understand the fast changing world of energy through conversations with game changers, industry leaders and influencers. So join me, Dan Seguin, as I explore both traditional and unconventional facets of the energy industry. Hey everyone, welcome back. In 1902 electrical pioneers met for the first time in Berlin now Kitchener, Ontario to discuss wiring Ontario's customers together to form a provincial electricity grid. Ontario's electricity grid, like all grids around the world was designed as a one way street, to generate, transmit, and deliver electricity to customers. It's no secret that nowadays new technologies are shaking up the way we produce and use electricity. Back then, these pioneers likely couldn't have imagined that the electricity grid would become a two way interactive system capable of supporting variable supply from renewable energy or accommodating electric vehicles, energy storage, home generation, and a host of other innovations. As the demand for electricity grows, Ontario's supply is diversifying, evolving and transforming at a speed we haven't seen in this industry. One thing is for certain, it's going to be one electrifying ride. On today's show, we're diving into the heart of Ontario's power system and shining a light on the organization that manages the province electricity sector. As we mentioned before, we are at the forefront of a power revolution. Of course, we need someone driving the ship to provide guidance on how Ontario's power system adopts a cleaner and more interactive machine. So here's today's big question. What is driving the transformation of Ontario's power system? And what are the potential opportunities and challenges? Joining us today is Lesley Gallinger, president and chief executive officer of the Ontario Independent Electricity System Operator. Under her leadership, the IESO oversees the safe and reliable operation of Ontario's bulk electricity system, ensuring affordable electricity is available when and where people need it. Lesley, so great to have you join us today. Now, your knowledge and experience of the electricity industry is extensive. Can you talk to us a bit about what drew you to a career in energy sector? And what led you to your current role? Lesley Gallinger: Well, thank you for that, Dan. It's great to be here, and I have spent the majority of my career in the electricity sector after spending the first third in a different sector. I certainly benefited from working all across North America and in Europe, for some very sophisticated multinational organizations with very talented team members. However, I always had this interest in electricity. And just for a funny story, my first grade school in Ontario was Sir Adam Beck, so I wonder if that was a bit of foreshadowing. But in reality, I had friends and colleagues in the sector who spoke quite passionately about the impact they were making with the work they were doing. And I was attracted to that. And sure I had some skills that I thought would be transferable. And the role that I have now embodies all of that, as we at the IESO are helping inform and execute on energy policy on electricity policy, specifically that will support Ontarians as we transition to an electrified and decarbonized future. I honestly couldn't imagine a better role to be in at this moment. Daniel Seguin: At a high level Lesley, what is the Independent Electricity System Operator and what is it responsible for with respect to Ontario's power system? Lesley Gallinger: The IESO works at the heart of Ontario's electricity system, ensuring that electricity is available where and when it is needed. We monitor Ontario's demand in real time, 24 hours a day, seven days a week, balancing supply and demand and directing the flow of electricity across the provinces transmission lines. We also oversee the electricity market, which includes putting mechanisms in place to increase competition and ensure cost effective supply. And finally, we also plan the electricity system by working with indigenous communities, with municipalities and stakeholders to forecast demand and secure enough supply to meet Ontario's needs as far as 20 years out. Daniel Seguin: Okay, very interesting. Finally, looking forward to your answer on this one here. Can you walk us through how you oversee and manage the electricity systems such as determining the type of supply required to meet demand for electricity in the province? In the short, medium, and long term? Lesley Gallinger: Yeah, thanks that that is a good and big meaty question. So we've spoken a lot about where we are now. So after having years of surplus electricity, Ontario is entering a period of growing electricity needs and demand is expected to increase by an average of 2% annually over the next two decades due to electrification and economic growth in various sectors, including residential, agricultural, and mining. One way that the IESO helps meet these growing needs is by securing new supply. In the short term, we have the annual capacity auction that we conduct that allows existing resources to compete. This is cost effective and allows the IESO to adapt to changing supply and demand conditions on a year by year basis. We also look at three to five year commitments for other resources, this timeframe provides more certainty while ensuring it doesn't get locked into commitments that no longer reflect those changing needs of electrification. And finally, in the long term, we look 20 years out to secure resources that require significant upfront investments in order to give suppliers the confidence they need to make those investments. So it's a bit of a layer cake with those three timeframes. Daniel Seguin: Great segway here. Okay. What do you see as the IESOs role in the future planning of the evolving electricity grid and your role in supporting the changing energy needs of the decarbonized economy? Lesley Gallinger: As Ontario's electricity system planner, we certainly have the long view. Our role is to ensure that Ontario's current and future energy needs are met both reliably and affordably. Our corporate strategy calls out three main ways in which we do this we ensure system reliability while supporting cost effectiveness, we're driving business transformation within the IESO and also driving and guiding the sector's future by working closely with indigenous communities, municipalities and stakeholders. On the decarbonisation front, our main role is to enable technologies that will help us decarbonize. There's lots of emerging energy resources that can help us build a zero emissions electricity grid and the IESO ensures that these resources can all participate in Ontario's electricity system and markets. We're procuring new resources under our flexible resource adequacy framework. We recently announced the procurement of over 800 megawatts of energy storage, which is the largest energy procurement energy storage procurement in Canada to date, that combined with 250 megawatts of the Oneida battery storage project, the IESO, with these projects, is taking steps to integrate this valuable and flexible resource. And in last December's publication of pathways to decarbonisation, we explored ways in which Ontario can move forward to an emissions-free electricity system. The Ministry of Energy consulted on our pathways report, and recently on July 10, very recently, announced a series of actions in its report powering Ontario's growth. And those actions include collaborating with Bruce Power and Ontario Power Generation on pre development work to to consider potential new nuclear generation reporting back on the design of our second long term procurement, which will acquire new non-emitting resources supporting a Ministry of Energy consultation on a post 2024 Conservation Demand Management Framework and assessing additional transmission needs to support new and growing generation and demand in the province. So quite a list of workforce ahead that we're very excited to undertake. And as our system operator for the province, we're certainly at the center of all of this. There'll be a continuing need for coordination with the broader electricity sector in order to plan an orderly transition to a decarbonize grid, there will also be an increased need to revisit how we plan the electricity system. The IESO is looking forward to working with the electrification and energy transition panel to identify ways to adapt and evolve existing frameworks in order to increase transparency and ensure communities and stakeholders are more aware of what we're doing and why. This work, the work of the EETP also takes a broader economy wide view, which reflects how the electricity sector is becoming increasingly dependent on other sectors like industry and transportation. So you know, in short, a lot of work and some very exciting work ahead. Daniel Seguin: Follow up question here for you. Now, some Ontarians are concerned about moving to variable renewable energy sources like wind and solar, while others are concerned about continuing use of natural gas. What have you uncovered in your work about these issues? And what would you like residents of Ontario to know? Lesley Gallinger: Yeah great question Dan, every type of generation has its own strengths and drawbacks based on its unique attributes, which is why Ontario maintains a diverse supply mix that can adapt to changing system conditions quickly. Renewables such as wind and solar are not emitting when they generate electricity, but they're also intermittent, meaning how much electricity they produce can change rapidly in response to weather conditions. And to help with this, the IESO is looking into hybrid facilities that combine renewables with energy storage. By 2026 we'll also have about 1300 megawatts of energy storage on the grid, which will help more efficiently integrate renewables. We're also going to start designing our second long term procurement which will focus on acquiring non-emitting resources and we'll be engaging on this with stakeholders and communities as we go. Natural gas, for example, has the main advantage that it can respond quickly to change in demand and system conditions, making it an important resource for us as we seek to maintain reliability. Ontario's demand fluctuates constantly throughout the day, and having access to natural gas can help us respond to sudden changes and maintain a balance across the system. It's also very important to recognize and something I'd like to emphasize for your listeners that overall emissions from Ontario's electricity sector are extremely low, the sector accounts for about 3% of the provinces total emissions. While this may increase slightly in the future, the continued existence of natural gas on the grid is an important resource to help us transition and it'll enable the near term electrification of other sectors which in total will drive down Ontario's emissions. Daniel Seguin: Okay Lesley, how will the efficiency upgrades at existing natural gas facilities contribute to meeting the growing demand? And what is the plan for these facilities as emerging technologies mature and the reliance on natural gas decreases? Lesley Gallinger: Yes, and as I mentioned in my earlier remarks, Ontario's definitely entering a period of increased demand and so with many existing contracts expiring, and nuclear plants undergoing refurbishment or scheduled to be decommissioned, coupled with increasing electrification of other sectors, the province is going to need more power in the immediate future and the natural gas expansions can help with this. In our pathways to decarbonisation report, we looked at the questions the minister posed to us, we looked at a moratorium scenario that would phase out natural gas over time as newer non-emitting resources come online, and in the report we concluded that we could be less reliant on natural gas in Ontario by the year 2035 and completely phased out by 2050. Efforts were made to align this report with clean electricity regulations, and that recognizes that the contribution of natural gas may be restricted over time, but for the meantime, we have you know, the important transitional resource needs, the natural gas fulfills. Daniel Seguin: Okay. In May of 2023, the IESO announced that it was moving forward with the largest procurement of energy storage in Canada. What can you tell us about these storage projects and their benefits? Lesley Gallinger: Yeah, this was a very exciting announcement for us the energy storage projects we announced in May were for grid connected battery storage systems, which will be an important step towards the transition to a non-emitting supply mix, and will support grid reliability. The procurement was the culmination of the work we've done over the last several years to understand the potential of battery storage to provide supply and reliability services to the grid. The biggest advantage of energy storage is that it can charge during off peak hours when the provincial electricity demand is low and then inject energy back into the grid during peaks when demand is high, which makes it very flexible and a resource that can help us optimize the efficiency of other resource types. And we also see battery storage as a key enabler of decarbonisation. It will help us to integrate more renewables such as wind and solar onto the system, but also get more out of our current nuclear and hydro fleet. By charging during these off peak hours energy storage can use up any surplus green power from Ontario's existing nuclear and hydro facilities. Daniel Seguin: Now, how does this procurement help ensure system reliability during nuclear refurbishment and support the overall energy transformation in Ontario, Lesley Gallinger: The procurement will help with the transition away from natural gas and it's certainly about maintaining reliability at a time when multiple refurbishments are underway. In particular, the Pickering generating station is scheduled to go out of service mid decade and so right around that time, those energy storage projects are expected to be online. Certainly the timelines of the procurements were aligned understanding what the system conditions would be at that time, Lesley, I'd like to dig into your fascinating pathway to decarbonisation report just a bit. Ontario has one of the cleanest electricity system in North America, contributing only 3% to the provinces greenhouse gas emissions, that doesn't sound like a lot. So why is it important to eliminate the remaining 3% of emissions from the grid? Yeah, another another really interesting question and the subject of a lot of conversations we've been having we know that electricity use is going to increase in the coming years driven by an economic growth and electrification across other sectors. Transportation is becoming increasingly electrified as our industrial processes such as steel smelting, and as the pace of electrification speeds up the efforts and investments being made by businesses and households to electrify will increase society's reliance on electricity as a fuel and electricity is only as clean as the resources we use to make it. So that 3%, if we don't tackle that remaining 3%, we will see an increased reliance on less clean generating sources. I mean tackling climate change is certainly an economy wide effort and clean electricity is a fundamental enabler of those climate change solutions. Daniel Seguin: Thanks for that, Lesley. Now, I have a follow up question for you. The IESO presents two scenarios to address decarbonisation, what are they and what key assumptions and drivers were discovered with your analysis? Lesley Gallinger: So our first scenario was the moratorium scenario where the IESO so looked at restricting the procurement of additional natural gas. And this assessment showed that a moratorium would be feasible beginning in 2027, and that Ontario could be less reliant on natural gas by 2035. At that point, the system would not require additional emitting generation to ensure reliability provided that other forms of non-emitting supply could be added to the system in time to keep pace with demand growth. The second scenario is our pathways to decarbonisation scenario, this scenario assumed aggressive electrification of the transportation and industrial sectors, and that attaining a completely decarbonized grid would be possible by 2050, while balancing reliability and costs, so you can see a lot of variables came to play in that second scenario. Daniel Seguin: Perfect. Thanks, Lesley. Now, what are your thoughts on where Canada stands on its road to meet the 2035 and 2050 targets? Lesley Gallinger: Yeah, I think that's, you know, that's what we're all looking towards and bridging the work of today with the needs of a futurized decarbonized world will be challenging and complex, a collaborative approach across all sectors of the economy will certainly be necessary to achieve this. From Ontario's perspective, we're in a strong starting position, our electricity system is already close to 90% emissions free, most of the generation coming from Hydro and Nuclear resources. And in our pathways report, we identify that for Ontario, at least, a moratorium on natural gas could be possible by 2035, and a fully decarbonized electricity system by 2050 provided that new non-emitting supplies and surfaces online. So we certainly had those goals in mind for Ontario as we created that pathway so decarbonisation work. Daniel Seguin: Now Lesley, in your opinion, what are the biggest challenges facing the electricity industry in Canada today? And what are the biggest opportunities? Lesley Gallinger: Yeah, I anchor on the word orderly because I've used it a lot. The biggest challenge I see is managing the significant transformation that's underway. And doing it in an orderly fashion, electrification is requiring the electricity system to expand and produce more power, while decarbonisation puts pressure on the grid to rely more heavily on low carbon resources, many of which are still in their early days of development. Across the country. Every province is faced with similar challenges. The recently formed Canadian Electricity Advisory Council will provide advice to the Minister of natural resources on ways to accelerate investment and promote sustainable, affordable, reliable electricity systems. And I have the privilege of being on this panel. It's exciting work with colleagues from across the country, many of whom come from provinces in very different stages of decarbonisation. We're sharing best practices and all working towards similar goals. For Ontario, we're entering a period of emerging electricity system needs starting in the 2020s. These electricity and energy capacity needs will continue through to 2040. So demand is expected to increase at nearly 2% per year as I mentioned earlier. All of this presents incredible opportunities for Ontario's communities, new technologies are creating economic growth opportunities and setting the stage for Ontario to build a highly skilled workforce to push to decarbonize will have significant impacts on economy wide emissions reductions, and building the electricity grid of the future also presents opportunities to collaborate and strengthen relationships with indigenous communities and municipalities. Back to my first comment, the pace of this change is a vital consideration. We need to strike the right balance between decarbonizing the grid, while it's still ensuring electricity and energy remain reliable and affordable. If we go too fast, the cost may impede electrification, if we go too slow, we're not going to have the supply available as demand increases. So it really is about thinking this through orderly and it's an all hands on deck challenge. Daniel Seguin: Okay, moving along here, maybe you could walk us through some of the scope for what's required to decarbonize Ontario's electricity system. What does an achievable pathway to net zero look like? Lesley Gallinger: Yeah, that's the work of the IESO on a regular basis. I mean, I can't underscore my last point enough, which is that it's vital that the transition occurs in an orderly manner, we absolutely need to act but we need to act in a carefully managed way that balances decarbonisation with reliability and affordability. Large infrastructure such as hydroelectric plants and nuclear facilities and transmission lines can take 15-10 years, sometimes more to build, significant investments in capital and materials and labor will be required to build out a fully decarbonized system. And one study I read estimated that 14,000 strong labor force participants, that are that are currently working on our electricity infrastructure would need to increase by a factor of six. So you know, that's a huge investment in training and getting people ready to build all the things we need to build. Indigenous communities and municipalities also have a voice in how and where new infrastructure is located. So meaningful and transparent discussions about siting and land use will be needed. And while many technologies will be needed to decarbonize the grid already known, some are not known and not commercialized yet. And so those are low carbon fuels small modular reactors still in development. At this point, it'll be important for Ontario and for Canada to continue to invest in these and other other innovations as well in supporting the pathway. We need energy plans to be approved and new infrastructure needs to be planned, permitted and cited. Regulatory and approval processes such as the environmental impact assessments need to be resourced, appropriately and streamlined to enable all of these builds to happen. We also need the supporting transmission infrastructure to be planned and built on on similar timelines as demand growth and as new supply comes online and underlying all of that we need to carefully manage the costs to ensure the actual impact on total energy costs is affordable, and that they do not diverge significantly, Ontario from those of our neighbors in Manitoba and Quebec and in the US. So lots of again, lots of facets, but work that can be itemized now and definitely plan forward. Daniel Seguin: Cool. What are some of IESO's, no regret actions that can be taken to help meet those growing demands? Lesley Gallinger: Yeah, I think the minister anchored on some of those in his Powering Ontario's Growth report, Ontario can certainly continue to acquire new non-emitting resources and incentivize energy efficiency through our Save on Energy programs. sector partners can also begin planning and citing for new potential projects, partnerships between municipal, provincial and federal governments will also be key and we need to continue to develop those relationships now, while we're also revisiting the regulatory frameworks that may hinder and prevent progress. Last but certainly not least, we must track our progress in an open and transparent way. There's no one way we can say decarbonisation happens. It's a gradual change that will take place over many years, and will require lots of little steps to make progress. And certainly the government's recent response to our reports puts in motion some of those actions including asking us at the IESO to explore opportunities to enable future generation in northern Ontario and reducing the reliance on natural gas generation in the GTA. The ministry has also asked the IESO to begin consultations on a competitive transmitter selection framework for future lines with electricity supply expected to continue to grow over the next 20 to 30 years, you know, that's what we're doing now, you know, in terms of planning, but we're also we're also working to secure new capacity and leveraging our existing assets. So that is through our very thorough resource adequacy framework, which was put in place that outlines our strategy to get that new supply in the short, medium and long term. A key piece of this is competitive procurements and the processes that have been used to date including the annual capacity auction, and but you know, there's also work being done that we're leveraging by our energy efficiency and demand response programs that that get back to what individuals and what individual businesses can do to support decarbonisation. We've got market renewal going on. We've got medium and long term procurements. So lots of action underway. All of them no regret that can that can be continued to to meet this demand. Daniel Seguin: Now Lesley, with electricity supply expected to grow the next 20 to 30 years, what is the IESO doing to secure new capacity? And how is it leveraging existing assets? Lesley Gallinger: Yeah, great question. So in terms of generating new supply or acquiring new supply, that's really our resource adequacy framework. It outlines, you know, the work we're doing both in the short, medium and long term to competitively procure new resources. We've recently done the procurements for batteries and for natural gas, upgrades and expansions. We'll be launching our next procurement very shortly and designing the one after that. So it's that layer cake approach that I mentioned. We've also, you know, can can anchor back in the strides we've taken in the current procurements to secure we've had great resources come to bear and participate in those procurements, so we're very hopeful that future procurements will also be very successful Daniel Seguin: Now hoping you can help demystify this next one for our listeners. What is the Hydrogen Energy fund? What is special about hydrogen, and how do you think it will support Ontario's reliability needs and decarbonisation? Lesley Gallinger: Yeah, it is, it is a new word and a new way of thinking for for a lot of folks. So let me dig into that. But the goal of our hydrogen Innovation Fund is to investigate, evaluate and demonstrate how low carbon hydrogen technologies could be integrated into the grid. The new program will enable the IESO to test the ability of hydrogen to support grid reliability and affordability, but also the role it can play in broader decarbonisation. Hydrogen has the potential to reduce electricity sector emissions, but it could also be used as a replacement fuel in other more fossil fuel intensive industries such as transportation. From the electricity sector's perspective, hydrogen has the potential to provide several essential services, it can smooth the output from renewable resources such as wind and solar, it can be blended into natural gas to reduce total emissions and could be used to offer several services such as peaking generation, grid efficiency and storage. But all that being said, it's not an ultimate solution. While hydrogen can be used to generate electricity producing it also requires electricity. So the integration of hydrogen like all new resources will require a balanced approach, one that can make more efficient use of our existing electricity system assets which the Hydrogen Innovation Fund will help with the interest in the fund has been very high. The IESO has received more than 25 applications. The projects are in flight now are undergoing review right now. And we should be in a position to announce the successful projects in September. Daniel Seguin: Lesley. Let's now look globally, what are other countries doing right, that Canada should consider emulating or even adopting? Lesley Gallinger: Yeah, I think I think this is, you know, very important. We very much focused on on Canada or in you know, in our case, Ontario for answers. And the IESO is just one of many electricity system operators worldwide. And I certainly am always keeping an eye on what other countries are doing. However, every jurisdiction has unique circumstances, which include laws, regulations, geography and politics that can sometimes make comparisons difficult. In North America, specifically, Ontario is a leader in many ways and the pathways report is a very well thought out approach. And so I think that's an area of interests that others have looked to us, that, coupled with our experience of phasing out coal fired generation, we're in a good position really to set examples for other jurisdictions looking to do similar work, and certainly in conversations with my IESO counterparts around North America, we're having robust discussions and learning from each other. Daniel Seguin: Well, looking to the future of this industry and Canada's approach, what is giving you hope? Lesley Gallinger: Well, electricity is being looked at to support decarbonisation of other sectors and to support economic growth. That's hugely exciting to see the broad impact our industry is having on society. And as we engage with broader audience, the collaborative spirit across the sector, across the province and across the country, we're seeing... certainly gives me hope that Ontario can achieve decarbonisation through an orderly transition that balances that decarbonisation desire with reliability and affordability that are at the heart of our mandate. Daniel Seguin: Lastly, Lesley, we always end our interviews with some rapid fire questions. Are you ready? Lesley Gallinger: I'm ready. These were some of the more difficult questions, Dan. So I'm certainly ready for these. Daniel Seguin: Okay. What are you reading right now? Lesley Gallinger: So I just finished reading a really great book, how big things get done by bent flyvbjerg. And I think it's making the rounds really good book on large projects, and what we can learn from past failures in large projects, which will be important information for Ontario. Daniel Seguin: Cool. Thanks for sharing. Now, what would you name your boat if you had one? Or do you have one? Lesley Gallinger: Well, I have a very, very small boat, and I have yet to name it. But now now that you've got me thinking about that the wheels are turning. At the moment, it's new, so I'm just learning to park it. And when I say park, my my partner rolls his eyes and says "you mean dock" and I say no, Park. So next time we speak Dan, I'll have a name for the boat. Daniel Seguin: Very good. Who is someone that you truly admire? Lesley Gallinger: I think this was the most difficult question. There are people I admire in many aspects of my life. And I certainly wouldn't want to single out anyone or miss out on another person. But if I can be a bit general, given the role I'm in, I'd have to say it's the people who have the vision and foresight to see what's coming in the future and to plan and build those large projects and large infrastructure investments needed to get there. Daniel Seguin: What is the closest thing to real magic that you've witnessed? Lesley Gallinger: Well, I am a lover of being outdoors, so perhaps for me it would be on the morning after a deep snowfall on the trails around my friend's property being the first snow shoes out on the trails on a Sunday morning. It's so quiet and so beautiful and it just feels magical. Daniel Seguin: Now what has been the biggest challenge to you personally, since the pandemic began? Lesley Gallinger: I think for me, it would be helping my mom stay connected to to our community as as an elderly widow in her own home. It was a lot of one on one contact for me with her and making sure that I could connect her to a broader social network. So she didn't feel so isolated. And I think that was, you know, well worth the challenge. But it was a it was a challenge. Daniel Seguin: Okay. We've all been watching just a little bit more TV or even Netflix lately. What is your favorite show? Lesley Gallinger: So I spend very little time watching TV and when I do or, or Netflix, and when I do, it's mostly documentaries. I want to give a call out for a course I'm taking right now online, which is the closest thing to TV, I'm taking the University of Alberta's indigenous Canada course, which has been for me tremendous value in helping me understand indigenous worldviews and perspectives. But I did just watch a Netflix series on the Tour de France, which was a fascinating look at the teams and tactics as well as the effort that the athletes endure over that 21 days. Daniel Seguin: Okay, cool. Now, lastly, what is exciting you about your industry right now? Lesley Gallinger: Oh, my goodness. My teams have heard me use this before everything everywhere all at once. We have an opportunity as an industry right now to guide generational change and to have an impact on the environment and the economy far past our working lives. And that is incredibly exciting. Daniel Seguin: Well, Lesley, this is it. We've reached the end of another episode of the Think Energy podcast. Thank you so much for joining us today. If our listeners wanted to learn more about you, or your organization, how can they connect? Lesley Gallinger: Thank you. Yes. www.ieso.ca. Our website has a wealth of resources to help listeners become more energy literate. And to understand the work we do. And you can find me on LinkedIn at Lesley Gallinger. Daniel Seguin: Again, thank you so much for joining us today. I hope you had a lot of fun. Cheers. Lesley Gallinger: I did! The questions were tough, but very interesting and they certainly got to the heart of the work that we do at the IESO. Thank you, Dan, for for your interest in our work and for asking those questions that allow me to speak and highlight the work of the incredible professionals that work at the IESO. Daniel Seguin: Thanks for tuning in for another episode of the Think Energy podcast. Don't forget to subscribe and leave us a review wherever you're listening. And to find out more about today's guest or previous episodes, visit think energy podcast.com. I hope you will join us again next time as we spark even more conversations about the energy of tomorrow.
A report published by the OECD Nuclear Energy Agency in 2023 found that less than a quarter of the nuclear workforce are women. And when it comes to scientific, engineering and leadership roles in the industry, that figure is even smaller. Those who support nuclear as part of the energy mix to combat climate change say addressing this gender imbalance is essential, if the industry is to remain competitive and innovative. Beatriz de la Pava is joined by two women working to increase female representation at all levels in nuclear power generation. Lisa McBride is Canada's country leader for small modular reactors with GE Hitachi's Nuclear Products Division. She began her career with Ontario Power Generation, where she spent 18 years in a range of leadership roles including nuclear security. Raquel Heredia from Mexico is the Training Manager for the World Nuclear University, an organisation which works towards improving education and skills in the nuclear industry. She's also worked as a data analyst, consultant and engineer in the field of sustainable development. Produced by Fiona Clampin. (Image: (L) Raquel Heredia. (R) Lisa McBride, credit: Elle Marie Photography.)
Beat the censors, sign-up for our newsletter: https://firstfreedoms.ca/call_to_action_pages/stay_informed/ This is part two of a two-part interview with Jason Kurz, a resilient individual who fearlessly stands up for his beliefs. Even with having lost his job at Ontario Power Generation, Jason is unwavering in his decision not to take the vaccine, citing the rushed process and his firm belief in God's intelligent design and the resilience of our bodies. Passionate about individual freedom and respecting personal choices, Jason is deeply involved in various unions, recognizing the strength that comes in numbers. When his union hesitated to support him, he took matters into his own hands, submitting eight grievances and appealing to the grievance committee review board. Unyielding in his pursuit of justice, Jason declined financial offers and filed a failure to represent the claim. Consequently, he finds himself banned from his previous workplace's sites and properties. However, he remains perseverant, believing that in future times like this pandemic, more people will begin to question authority and seek answers. To Jason, freedom is a sacred and individual right, and he encourages others to reflect on who holds authority over their bodies. With deep appreciation, he stands in solidarity with everyone fighting for the freedom movement, demonstrating the power of determination and unwavering conviction. Join Jason Kurz on his inspiring journey as he champions individual freedom and challenges the status quo in a world craving truth and liberty. His story is a testament to the strength of character and the pursuit of truth in the face of adversity. Please note the views expressed by the individual(s) in this video are their own, and do not necessarily reflect the views or principles of the First Freedoms Foundation. Check out Jason's Tik Tok link below: https://www.tiktok.com/@forkandtorchsociety?_t=8e5vgKL9M4j&_r=1
In his fifth appearance on the podcast, Chris Keefer. a Toronto-based medical doctor and president of Canadians for Nuclear Energy, talks about the historic announcements made last week by Ontario Power Generation that will expand the province's nuclear capacity by some 6,000 megawatts. He talks about the reasons behind the move, the advantages of the CANDU reactor, and why Ontario has a “track record of kicking butt.” (Recorded July 7, 2023.)
Gary Rose, VP of New Nuclear Growth at Ontario Power Generation, builds our understand of the CANDU refurbishment program, whose successes have laid the foundation for deployment of the West's 1st grid scale SMR, the GE Hitachi BWRX-300. Gary and I explore the thesis that Ontario is the best equipped jurisdiction in the west to deploy new nuclear, which now extends beyond SMRs to a serious consideration of “Large Modular Reactors.” Stay tuned for a masterclass on project management from a master of project management. Apologies to our non-Canadian listeners for some inside baseball in terms of acronyms and Canadianism.
Brittany Botting, Director of Generation at Electricity Canada takes over the podcast for International Women's Day 2023, and her special guest is Heather Ferguson, Senior Vice President, Business Development and Corporate Affairs at Ontario Power Generation. Their wide-ranging conversation touches on diversity, the imperative of Indigenous reconciliation, and how OPG will be leading the drive to net zero, with plans for SMRs, new hydro, hydrogen, storage, and electrified transportation. They also touch on some of the challenges, including the need for Canada to ensure a competitive investment climate and the need for regulatory efficiency. They wrap up their conversation with Heather's book recommendation.
Ryan Begin recently exited his startup to a private equity firm for $200M. A venture that's all about diverting what would be wasted food. The company, Divert, has attracted funding from top-tier investors like Ara Partners, GIC, and Ontario Power Generation. Eventually, it was acquired by Ara Partners.
Recorded at Canada Pavilion at the United Nations Climate Conference, COP27, at Sharm El-Sheikh, Egypt on Energy Day, November 15, 2022, episode 68 features a panel discussion, “Powering Net Zero: Achieving Deep Decarbonization with Canada's Clean Electricity Advantage.” Organized under the banner off Electricity Alliance Canada, the panel featured intro remarks by Catherine Stewart, Canada's Ambassador for Climate Change, and a conversation with Guy Lonechild from First Nations Power Authority, Manitoba Hydro's Jay Grewal, Kerry O'Reilly Wilks from TransAlta, Gary Rose from Ontario Power Generation and Capital Power's Brian Vaasjo.
Deb Hutton hosts. An Edmonton-based startup will pay air travellers up to $1,400 to carry parcels in their checked bag. Deb speaks with its co-founder and then takes your calls. On today's show: A conversation with Shelvie Fernan, CEO and co-founder of Fly and Fetch. Judy Trinh, correspondent for CTV National News, provides the latest updates on the Emergencies Act inquiry. The War Room political panel with Tom Mulcair, Sharan Kaur and Tim Powers. Ken Hartwick, CEO of Ontario Power Generation, on Canada committing $970 million to new nuclear power technology.
Chris Keefer is a Toronto-based medical doctor and president of Canadians for Nuclear Energy. In his fourth appearance on the podcast, (previous appearances were November 2021, May 2021 ) and April 29, 2022) Keefer talks about Ontario Power Generation's decision to reverse course and extend the life of the Pickering Nuclear Generation Station, a move that could keep the 3.1-gigawatt plant running for another 30 years, the essentiality of the Cobalt 60 isotopes that are produced by CANDU reactors, and why Ontario has “the most pro-nuclear government in the western world.” (Recorded September 30, 2022.)
Titans Of Nuclear | Interviewing World Experts on Nuclear Energy
1) Dominique Minière's long career with EDF and his transition to Ontario Power Generation 2) The relationship between OPG and Global First Power and the work they are doing with USNC 3) An update on OPG's SMR project with GE Hitachi at the Darlington site 4) Dominique's vision for the future of nuclear energy in Canada
Speaking with Rumina Velshi, President and CEO of the Canadian Nuclear Safety Commission – Commission canadienne de sûreté nucléaire was a special privilege. Not only because of her caliber and expert knowledge as the Head of our nuclear regulator, but also her mission to pay it forward to the next generation of women in STEM. I found Rumina's candid storytelling of her experiences and genuine will for change, refreshing and inspiring. In this latest episode of my podcast "Count Me Too', she talks about her own journey in Stem as a Civil/ Nuclear Engineering graduate from University of Toronto, making her mark in progressively senior level positions at Ontario Power Generation to now the Head of CNSC. She provides a wealth of knowledge and advice on how women can progress in their careers, how to navigate the many visible and invisible biases in industry, and why its important to give back.
This week on the Construction Record podcast digital media editor Warren Frey speaks with electrical apprentice Allie Donnelly about her route into the construction industry and her experiences forming the “Manufacturing Mafia” with fellow tradespeople. Donnelly said she originally went into the trades because she was inspired by her own mother's work in the industry, and calls construction “the biggest set of LEGOs you can use.” She also described her experiences volunteering with Skills Ontario and Ontario Power Generation. She also explained how she and other tradespeople used LinkedIn to connect and formed the Manufacturing Mafia, an ad-hoc group intended to lend support to one another as they rise up through the industry. You can listen to The Construction Record and TCR Express on the Daily Commercial News and Journal of Commerce websites as well as on Apple Podcasts, Spotify and Amazon Music's podcast, and you can listen to last week's interview with construction law firm owner Karalynn Cromeens here. Thanks for listening and we'll see you next week. DCN-JOC News Services
This week Heather Ferguson, Senior Vice President, Business Development, Strategy and Corporate Affairs with Ontario Power Generation (OPG) joins the podcast. OPG burned its last piece of coal in 2014 and has committed to being a net-zero company by 2040. They have also expanded their generation assets beyond Ontario's borders into the United States. Here are some of the questions Peter and Jackie asked Heather: How will OPG achieve net-zero by 2040? Is the regulatory process in Canada a barrier to achieving net-zero? What is the state of OPG's Small Modular Reactor (SMR) projects? How is OPG's electric car charging business progressing? Are interconnects across Canada a way to achieve net-zero electricity faster and at a lower cost? Who should pay for zero emissions electricity and infrastructure – the rate payer or the taxpayer? How are Indigenous voices and concerns represented as OPG proceeds with new projects?See OPG's Climate Change Plan at https://www.opg.com/climate-change/Please review the ARC Energy Institute disclaimer.
Recorded on Zoom to coincide with the International Women's Day (IWD) 2022, episode 55 features an IWD takeover of the podcast. Vanna Willerton from the team here at Electricity Canada is in the driver's seat, and this episode features a conversation Vanna had with the new Chief Financial Officer at Ontario Power Generation, Aida Cipolla. Aida joined Vanna for a conversation about her journey to become OPG's CFO, the steady increase in the number of women in senior management and around Board tables, and the leadership by some in the sector to move towards greater equity, diversity, and inclusion in the workplace, especially at the most senior levels. Vanna and Aida touch on a range of other topics, from the importance of mentoring, to overcoming doubt. And Aida shares a very timely recommendation for addition to the Flux Capacitor Book Club.
Sami is an Assistant Professor in the School of Sustainable Energy Engineering at Simon Fraser University in Vancouver. His research focus currently is improving carbon capture technology. In this conversation, Aaron and Sami discuss climate change, sustainable energy, CO2, how Mr. Khan became interested in the topic and the role chemical engineers can play. He leads the Engineered Interfaces for Sustainable Energy (EISEn) group, studying creative ways to enhance the performance and longevity of sustainable energy systems. He teaches both graduate and undergraduate courses in energy engineering at SFU, and his multidisciplinary research group is particularly interested in clean energy solutions in remote Canadian communities.Sami was born in Pune, India and immigrated to Canada. A chemical engineer by training from the University of Toronto, Sami's interest in science and policy piqued when he interned at Ontario Power Generation, reviewing compliance to nuclear safety codes and standards as part of the Darlington Nuclear Station refurbishment project. Sami's motivation to use his engineering knowledge to impact policy making subsequently led him to pursue a Masters' degree in Technology and Policy from Massachusetts Institute of Technology. In his Masters' thesis, Sami studied the market for rare-earth metals with applications in hydropower systems. He received the Hydro Research Foundation Award from the US Department of Energy, and was recognized as the Young Researcher of the Year at the World Hydropower Congress in Beijing, China in 2015. He obtained his Ph.D. in Mechanical Engineering from MIT in June 2020. Sami has previously worked in the rare-earth mining industry in Canada, and was a Science and Technology Advisor to the Chief Scientist of Natural Resources Canada. He has taught high school and university students in South Korea, Kazakhstan and Mexico, and has volunteered in Indonesia through the GiveLight Foundation, supported by the Priscilla King Gray Public Service Fellowship from MIT. He is an avid biker, sailor, foodie and geography geek, and yearns to sail around the world one day. He is an uncle to four nieces and is an alumni mentor at both his alma maters. Bigger Than Me Podcast Facebook Page: https://www.facebook.com/BIGGERTHANMEPODCAST Bigger Than Me Instagram Page: https://www.instagram.com/biggerthanmepodcast/ Bigger Than Me LinkedIn Page: https://www.linkedin.com/company/bigger-than-me-podcast/?viewAsMember=true SUPPORT THE PODCAST: https://www.patreon.com/biggerthanmepodcast
To foster the clean energy transition, the power sector has been seeking out all the carbon-free generation sources possible. Existing nuclear plants have long held a key role in providing clean energy to the grid, but North America has largely stalled when it comes to new nuclear power plants to take on more of the growing power demand patterns, owed to high capital costs, lengthy construction timelines, and more. Looking to take advantage of the carbon-free nature of nuclear power while avoiding those common pitfalls, small modular reactors (SMRs) have become a key area of focus for many industry stakeholders. SMRs are still a future consideration, though, with none yet commercially connected to the grid. That's closer than ever to changing though, as Ontario Power Generation recently made waves in their selection of the SMR model they're going to implement, the GE Hitachi BWRX-300. Ontario Power Generation is making a big leap by being the first mover in this space that has countless eyeballs following it, so podcast host Jason Price and producer Matt Chester were thrilled to welcome Robin Manley, OPG's VP of New Nuclear Development to discuss the selection process and what it means for the utility to pioneer this space. Key Links: Link to episode post on Energy Central with full transcript: https://energycentral.com/o/energy-central/episode-65-taking-small-modular-reactors-hype-reality-ontario-robin-manley Link to register as a member of the Energy Central Community: www.energycentral.com/user/register Did you know? The Energy Central Power Perspectives Podcast has been identified as one of the industry's 'Top 25 Energy Podcasts': blog.feedspot.com/energy_podcasts/
On this episode of the Energy Security Cubed Podcast, Kelly Ogle is joined by Heather Ferguson to discuss how Ontario achieved one of the lowest carbon electrical grids in the world, and the prospect of a net zero grid. Guest Bios: - Heather Ferguson is Senior Vice President, Business Development, Strategy and Corporate Affairs at Ontario Power Generation. Host Bio: - Kelly Ogle (host): President and CEO of the Canadian Global Affairs Institute (www.cgai.ca/staff#Ogle) What is Heather reading? Bill Browder, "Red Notice: A True Story of High Finance, Muder, and One Man's Fight for Justice" https://www.goodreads.com/book/show/22609522-red-notice Recording Date: November 2, 2021 Energy Security3 is part of the CGAI Podcast Network. Follow the Canadian Global Affairs Institute on Facebook, Twitter (@CAGlobalAffairs), or on LinkedIn. Head over to our website at www.cgai.ca for more commentary. Produced by Joseph Calnan. Music credits to Drew Phillips.
Titans Of Nuclear | Interviewing World Experts on Nuclear Energy
1) Robin Manley explains how OPG has shifted its small modular reactor (SMR) deployment strategy 2) The final three contenders for Canada's first SMR build 3) How the CNSC is integrated into preliminary design analysis & operating plant monitoring 4) Looking at future advanced reactor & microreactor possibilities in Ontario
In our first episode of Energy Radio Rewind we revisit some of our earlier episodes to highlight some of our fantastic guests and their adventures in the energy industry. As part of CEM's 30 by 30 initiative which was started by Engineers Canada aimed at raising the percentage of women in engineering by 30% by the year 2030, we decide to pull some of our favorite clips from podcasts of 4 incredibly talented women and put them together in our first episode of Energy Radio Rewind. 1- Episode 26 – "Shut it down" – Decommissioning Pickering Nuclear Generating Station, featuring Carla Carmichael the VP of Nuclear Decommissioning Strategy at Ontario Power Generation. 2- Episode 39 – "I Spy Energy" featuring Emily Beck of I Spy Energy. 3- Episode 46 – "Dam Power" - featuring Shawna Pachal is the Senior Managing Director at Manitoba Hydro 4- Episode 57 – "From Hospitality to Construction" Melissa is now a General Contractor's Assistant with Valley Contracting & Renovations.
In the past two decades, Ontario has become a world leader in clean electricity by phasing out coal generation, which it did 90% by restarting units at the Bruce and Pickering Nuclear Generating Stations. Ineffective clean energy policies now threaten that leadership. With the decision of Ontario Power Generation not to refurbish Pickering, fossil gas is set to ramp up to fill the lost capacity. The closure of 3.1 GW of nuclear power at Pickering and its replacement with fossil gas will constitute at least a 1% increase in Canada's total emissions. And on the carbon pricing front, while Ontario has adopted a carbon tax, a closer look shows it is too lax in its current form to make a real difference, exempting upwards of 90% of emissions from gas plants. And this comes at a time of massive increase in electricity demand planned due to electrification. In this Ontario-focused episode, returning guests and regulatory economist Edgardo Sepulveda takes us through what Ontario got wrong with its carbon tax and how the province is headed towards higher emissions. Read Edgardo's in-depth analysis on his blog: https://www.progressive-economics.ca/2021/07/ontario-electricity-viii-backwards-on-climate/ Learn more about the Tax the Gas & Save Pickering campaign: www.taxthegas.org
Matt Lensink and Lisa Barber talk to Robin Manley, the VP of New Nuclear Development at Ontario Power Generation about Small Modular Reactors (SMR), the next generation of non GHG emitting technology, Ontario's climate change plan and OPG's plans for deployment.
Recorded on Zoom late April 2021, episode 34 is the first in a series of podcasts seeking to unpack Canada’s Net Zero 2050 greenhouse gas target. For this first episode, Ontario Power Generation’s CEO Ken Hartwick discusses the commitments his company has made to be a Net Zero company by 2040. In my conversation with Ken, we discuss the challenges of GHG reduction targets, including technological, political, and corporate culture change. We also talk about the importance of taking immediate actions to start decarbonizing, and the wide array of technologies that will be needed to meet targets. And like many previous podcasts, we close the conversation with a book recommendation, in this case, Ken has two book recommendations, fiction and non-fiction.
Our current transportation system isn’t sustainable. Threats of climate change, stuttered fuel production and more contribute to the growing need to reimagine our standards – globally. Yet, there are major challenges to rebuilding this infrastructure. Peter is joined by Keegan Tully, Director of Business Development at Ontario Power Generation, the largest energy creator in Ontario, and General Manager of the Ivy Charging Network, a company leading the way in the shift to electric vehicles. From cost, to implementation, to creating solutions for those known in the industry as "garage orphans,” Keegan breaks down the challenges and reflects on the solutions innovators like The Ivy Charging Network are working on behind the scenes. This episode is brought to you by PureStorage. Visit shi.com/pure to learn more.
Wanna split £100? You get £50 free AND save money on 100% green electricity by moving to Octopus Energy. Plus I get £50 to support this podcast but ONLY if you do it by using my unique referral code. I moved to Octopus recently and had been putting it off for ages, but I kicked myself for not doing it sooner, as it’s literally a 5 minute job to give them your details. Click here: https://share.octopus.energy/free-puma-452 On today’s podcast: 2013 Mercedes-Benz SLS AMG Coupé Electric Drive Rivian To Partner With Nationwide For Insurance Program How Biden Plans to Build 500 EV Charging Stations Biden's first 100 days have already electrified the auto industry Electric cars to store renewables in the Netherlands 2021 Porsche Taycan Turbo Versions Get Higher EPA Range Ratings EV charging network ChargePoint now supports Android Auto Show #1070 Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Sunday 2nd May. It’s Martyn Lee here and I go through every EV story so you don't have to. Thank you to MYEV.com for helping make this show, they’ve built the first marketplace specifically for Electric Vehicles. It’s a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too. Welcome to two new Patreon Producers! ALEX EFTIMIE and BETTY MCDANIEL 2013 MERCEDES-BENZ SLS AMG COUPÉ ELECTRIC DRIVE - Unveiled at the Paris Motor Show in 2012 with deliveries beginning in 2013, it was anticipated that less than 100 examples would be built, but in reality production was far fewer. This car is beleived to be one of just nine examples completed. - Powered by four electric motors at each corner bringing a total output of 750 PS (740 bhp) and 1,000 NM of torque, the SLS AMG Electric Drive’s transmission allows for seamless four-wheel drive performance. The car’s lithium-ion battery pack at full charge could provide a range of 250 km. - Paddle shifters behind the steering wheel allow the driver to control the level of regenerative braking available, meaning that one-pedal driving can be achieved with ease. - Believed to be one of only nine examples produced, these cars provided a rare glimpse into the future of the sports car, a future which is fast approaching, and as such the SLS AMG Electric Drive will continue to be highly sought after by collectors for years to come as it has set the standard for others to follow. Highlighted Source : https://share.getliner.com/KCWMV/ Original Source : https://rmsothebys.com/en/home/private-sales/r5104-2013-mercedes-benz-sls-amg-coup%C3%A9-electric-drive/1090213 RIVIAN TO PARTNER WITH NATIONWIDE FOR INSURANCE PROGRAM - Rivian’s plans to sell insurance for its electric vehicles are now taking shape, with new details released about data-driven coverage and a partnership with established underwriter Nationwide. - Rivian recently announced plans to sell insurance products as part of its digital ordering process. The company says by linking insurance to the vehicle itself, it will be able to diagnose issues more quickly and comprehensively, and even remotely. And those who use Rivian’s mid-level autonomous driving tool can get discounts on their insurance rates. - Rivian Insurance will be available to customers in 40 states initially; insurance is generally regulated state-by-state. The policies will be underwritten by third-party carriers. - The reason it’s possible is because of telematics, also known as usage-based insurance (UBI), a trend that’s grown within the insurance business for the past decade or so. That’s technology inside of a car that can track how fast you accelerate, how hard you brake—in other words, how risky you are. With super-connected vehicles like Rivian’s, there is simply more data available. - Every Rivian vehicle is equipped with the company’s Driver+ suite of safety technology. Rivian Insurance customers will automatically receive a Driver+ rate reduction, in addition to any discounts for using the feature that automatically steers and adjusts speed on the highway. Highlighted Source : https://share.getliner.com/18Nal/ Original Source : https://www.wglt.org/post/rivian-partner-nationwide-insurance-program#stream/0 HOW BIDEN PLANS TO BUILD 500 EV CHARGING STATIONS - President Joe Biden has proposed spending at least $15 billion to begin rolling out electric vehicle charging stations, with the goal of reaching 500,000 charging stations nationwide by 2030. - he roll-out of chargers should match consumer adoption to moderate demand and allow time to expand the electric grid - Dan Ives, an analyst at Wedbush Securities: “In order for EVs to be more pervasive, it’s going to have to be gas station-like, where you can find an EV charging station with significant capacity” almost anywhere. - The Biden administration has frequently likened the president’s infrastructure proposal and the EV initiatives within it to the roll out of the interstate highway system in the 1950s in scope and potential influence, which cost about $1.1 trillion in today’s dollars ($114 billion at the time).The gas stations that dot the interstates and reach out into some of the most remote areas of the country didn’t come all at once — they tracked with demand for cars and trucks as it rose over the 20th century, experts say. - There are about 102,000 public charging outlets across about 42,000 charging stations nationwide today, according to the Department of Energy, with a third concentrated in California - However, investment from utilities, auto companies and private charging companies won’t be enough without some government help, said charging specialists in each industry — both to support the market expansion and to ensure it happens quickly and equitably, as the administration has said it hopes to do.It’s also crucial in order to be competitive with China, experts say, which has dramatically outpaced both the U.S. and Europe in publicly accessible chargers. Highlighted Source : https://share.getliner.com/auPnO/ Original Source : https://www.govtech.com/transportation/biden-plans-to-build-500-ev-charging-stations BIDEN'S FIRST 100 DAYS HAVE ALREADY ELECTRIFIED THE AUTO INDUSTRY - An electric federal fleet - EV tax credit renewal nabs attention - $100 billion for direct EV rebates - Half a million EV chargers - Remaking America's EV supply chain Highlighted Source : https://share.getliner.com/PsbqE/ Original Source : https://www.cnet.com/roadshow/news/biden-first-100-days-auto-industry-ev-emissions/?utm_source=reddit.com ELECTRIC CARS TO STORE RENEWABLES IN THE NETHERLANDS - We Drive Solar and Hyundai are planning to set up a network of 500 bi-directional EV recharging stations in the city and region of Utrecht. Through this technology, electric cars may contribute to the storage of renewable energy in a country affected by grid constraints. - The stations will be initially tested on Hyundai's Ioniq 5 car, which is equipped with bi-directional charging technology. - The project includes standardization and embedding of protocols, software-mediated control of charging stations, a scientific validation of the proposed “bi-directional ecosystem,” the large scale application of bidirectional shared cars in a green urban district, and coupling car-sharing reservations with bidirectional charging. Highlighted Source : https://share.getliner.com/1cS1S/ Original Source : https://www.pv-magazine.com/2021/04/29/electric-cars-to-store-renewables-in-the-netherlands/ EV CHARGING NETWORK CHARGEPOINT NOW SUPPORTS ANDROID AUTO - Android phone users will be able to find, navigate to, and start charging from a ChargePoint charging station from their car’s infotainment screen, without having to pick up their phone. Support for Android Auto follows the addition of CarPlay support in November last year. - the Android Auto experience lets you view a map with nearby charging stations, check status, filter by metrics like availability and cost, and then start a charging session once you arrive. The in-vehicle app can also be set to notify the driver once a busy charging station becomes available. - USA, Canada, Austria, Belgium, Denmark, France, Germany, Ireland, Italy, Netherlands, Norway, Spain, Sweden, Switzerland, and the UK. Highlighted Source : https://share.getliner.com/3ruEy/ Original Source : https://www.theverge.com/2021/4/29/22409310/chargepoint-android-auto-electric-vehicle-charging-network 2021 PORSCHE TAYCAN TURBO VERSIONS GET HIGHER EPA RANGE RATINGS - The 2021 model year versions of the top-of-the-line Porsche Taycan Turbo and Turbo S received noticeably better EPA range and efficiency ratings. However, the gain of roughly 10 miles or 5% is still too small to offset the difference to real-world results, which are usually significantly higher than EPA. - Taycan Turbo is 212 miles (341 km), which is 11 miles, or 5.5% higher than before. - Porsche Taycan Turbo S, the EPA Combined range increased by 9 miles or 4.7% compared to 2020 MY, to 201 miles (323 km) Highlighted Source : https://share.getliner.com/oxe0V/ Original Source : https://insideevs.com/news/504432/2021-porsche-taycan-turbo-epa/ QOTW What’s the best consumer education for EVs in 2021? RAJEEV NARAYAN Here in the U.S., and presumably in Europe, the majority of car buyers have never driven an EV or may not even know anyone with an EV. Therefore an EV does not even come to mind when shopping for a car. A great many of these buyers may be best served by an EV and don’t even know it. The most effective consumer education for them is free test drives that are heavily promoted, as once driven, EVs tend to sell themselves. e-Tripping with Adam Gebbett Regarding question of the week. I would love to educate every new ev buyer that you do not need 500 miles of range. Why people bang on about range in the U.K. is a mystery. Bladder 100 miles, service station every 40 miles. David Sawdon Great to see you back on YouTube. Love the addition of screen shots. Getting people in to electric vehicles is key. All loan vehicles while your ICE is in for a service should be electric cars to help adoption. SACHA most effective consumer education imho starts with butts in seat . I haven’t had one passenger that wasn’t immediately intrigued and asking questions. Those that are really interested do more reading after that , ask follow up questions etc. ED CORTEEN The best way to reach people who do not drive EVs is to give them a test drive, any Dealer who is serious should use EVs as service loaners for their customers. You can watch as many YouTube videos as you like but real experience is the only way to find out. DAVID CURTIS To get more bums in the seats of EV is by word of mouth and seeing for them selves how great they are. BYRON STUMMAN Thinking about the most effective consumer education method, I think it has to come from dealerships. Commercials and news stories are great but people are physically buying their new cars at dealerships. The sales teams and management need to be pro EV, showcase the cars on showroom floors and encourage customers to give them a test drive. Bums in seats as you say. Currently from sales teams there is still a lot of apprehension and doubt whether EV’s are serious cars worth buying. DOUG VOWLES Here in Ontario Canada, we have Plug ‘n Drive, (About Plug’n Drive – Plug'n Drive (plugndrive.ca)) an organization that provides free EV test drives and consumer education. It’s non-profit funded by Ontario Power Generation and other companies with a stake in EV success. But this is something that governments and auto companies should be mandating world-wide. Sample a typical EV experience first and “get it” – then worry about what the best brand and model is. MARK RICHARDS I drive for Uber with my Bolt. And I get a LOT of questions about it from people. In fact, I think I’ve convinced at least 5 people to make a trip to the chevy dealer to check one out…especially with how cheap they are going right now. I should work out a deal with a local Denver dealer to get me a commission
Catharine has deep and diverse industry experience and leverages these insights in coaching senior executives and their teams as they evolve to meet changing leadership expectations. Using coaching models, intuition, empathy and straight talk, she helps leaders rethink how they need to ‘show up' to grow the business and maintain the culture. Catharine's client list includes: ADT, Boehringer-Ingelheim, Bruce Power, Cadillac Fairview, CIBC, Coca-Cola, Direct Energy/Centrica UK, Dentons, Ivey Academy, Loblaw Companies, Longos, McKinsey, Nestle, OTPPB, Ontario Power Generation, Power Workers Union, Rotman School of Business, and Women's College Hospital. Connect with us! WEBSITES: Speaking: https://www.cbbowman.com/ Coaching Association: https://www.acec-association.org/ Workplace Equity & Equality: https://www.wee-consulting.org/ Institute/ Certification: https://www.meeco-institute.org/ SOCIAL MEDIA: LinkedIn: https://www.linkedin.com/in/cbbowman/ Twitter: https://twitter.com/execcoaches Facebook: https://www.facebook.com/CB.BowmanMBA/ YouTube: https://www.youtube.com/results?search_query=cb+boowman
The role of men has become more and more confusing over the years, with many men still being told to "man up" in the face of tough times and adversity. The "Take it like a man!" mentality often has severe consequences in this ever-changing world, with many men suffering for 'sucking it up.' But what if men had a safe place they could turn to, to open up and be supported to be the best version of themselves for themselves, their significant others, their children, and everyone else? This episode explores this wonderful movement that encourages men to live the life they were meant to be and be the men they were meant to be. About today's guest: Jonathan is an advocate for Jack.org, Canada's leader in the movement for Youth Mental Health Education, the Founder and VP of Marketing at Project Circle Up -- a global community of Men's Circle's where men are challenged to become self-sufficient, find and live their purpose, and be the man they've always wanted to be -- and he works as a Keynote Speaker with clients like RBC, Ontario Power Generation and hundreds of schools across Canada to transform communities into safe spaces for mental health conversations. When he's not speaking you can find him testing his hand at poetry, searching for a dance floor to embarrass himself on, or seeking out adventure abroad with his roommate and best friend, Chad Lennon. https://www.facebook.com/jonathan.andrews.79 https://www.instagram.com/jonathanfandrews/?hl=en https://www.instagram.com/projectcircleup/?hl=en
SS Ep. 16 - This week we're joined by Jane Travers from Ontario Power Generation (OPG) discussing the various clean energy sources in Ontario from Nuclear to Hydroelectric to Solar are more. Jane shares the use of technology such as drones and virtual/augmented reality to make processes in the business more efficient. Website: https://www.opg.com/ Learn more at www.last20.ca
Noemie Duvivier is a Senior Technical Engineer working on nuclear safety at the Ontario Power Generation. In this episode, she discusses the role of nuclear power in Canada's energy landscape, how engineers like her make it safe, and also shares deeply personal accounts on what it means to be a Black female engineer in this industry.
The Empire Club of Canada Presents: Electric Vehicles Road to Prevalence Panel A discussion of what steps the EV industry needs to take to solidify consumer confidence, lower product costs, and lift dependence on government incentive programs along the journey to widespread adoption. Moderator: Stephanie Wallcraft, President, Automobile Journalists Association of Canada; Multiple award-winning Automotive and Motorsport Writer Panelists: Al Cormier, President and CEO, Electric Mobility Canada Travis Allan, Vice-President, Public Affairs and General Counsel, FLO Lance Mortlock, Strategy Partner and National Oil and Gas Leader, EY Canada Cara Clairman, President and CEO of Plug'n Drive Theresa Dekker, Vice President, Corporate Business Development & Strategy, Ontario Power Generation and Co-President, Ivy Charging Network *The content presented is free of charge but please note that the Empire Club of Canada retains copyright. Neither the speeches themselves nor any part of their content may be used for any purpose other than personal interest or research without the explicit permission of the Empire Club of Canada.* *Views and Opinions Expressed Disclaimer: The views and opinions expressed by the speakers or panelists are those of the speakers or panelists and do not necessarily reflect or represent the official views and opinions, policy or position held by The Empire Club of Canada.*
I spoke with Roy Alda, he is a technical project manager at Ontario Power Generation. At OPG he brings new software to nuclear heavy construction projects. But Roy also run his own company on the side where he explorers new technologies like machine learning and block-chain. We spoke about how the manages a full-time job and a business on the side. How he got his job. How he gets clients and much more. He has also revealed how someone stole his idea, got credit for it and how he was able to learn from this experience and use it to push him even further to achieve his goals. We also spoke about IIoT (Industrial IoT). Full show notes and links: https://SoloCoder.com/9
The Empire Club of Canada Presents: Ken Hartwick, President and CEO at Ontario Power Generation *The content presented is free of charge but please note that the Empire Club of Canada retains copyright. Neither the speeches themselves nor any part of their content may be used for any purpose other than personal interest or research without the explicit permission of the Empire Club of Canada.* *Views and Opinions Expressed Disclaimer: The views and opinions expressed by the speakers or panelists are those of the speakers or panelists and do not necessarily reflect or represent the official views and opinions, policy or position held by The Empire Club of Canada.*
Yesterday, legislature was recalled to Queen's Park to introduce legislation that would ‘prohibit and require the termination' of any strikes or lockouts by Ontario Power Generation. Guest: Donna Skelly, MPP Flamborough Glanbrook, Parliamentary Assistant to the Minister of Economic Development, Job Creation and Trade. Council will be debating whether they'll allow brick and mortar pot shops today. Guest: Michael Armstrong, Associate professor, Goodman School of Business Brock University. A motion brought forward yesterday would see the city pursuing a ‘tenant defence fund' to help renters dispute hikes in price. Guest: Chad Collins, City Councillor, Ward 5.
Yesterday, legislature was recalled to Queen's Park to introduce legislation that would ‘prohibit and require the termination' of any strikes or lockouts by the Ontario Power Generation. [AUDIO] Guest: Donna Skelly, MPP Flamborough Glanbrook, Parliamentary Assistant to the Minister of Economic Development, Job Creation and Trade.
Tonight's Top Talkers are: Devon Peacock - Global News Radio London & Mackay Taggart - Global News Toronto Topics include: A potential strike by Ontario Power Generation has led to a recall of the province's legislature and prior to his appointment as O.P.P Comissioner, Ron Taverner was considered for other top position within Ontario.
A new report sponsored by the Ontario Power Generation says that if the Ontario government keeps the Pickering nuclear plant open, it'd make economic sense and the move would add a total $12.3 Billion to the GDP. Guest - Tom Adams. Independent Energy & Environmental Consultant Ontario has limited procurement of supplies from New York state due to their implementation of a “Buy American” law. How is this going to affect Ontarians? Guest - Rocco Rossi, President of the Ontario Chamber of Commerce A rally will be held in support of Doug Ford tonight. Doug Ford joins Scott to discuss the issues at hand. Guest - Doug Ford, leader of the Ontario PC Party
The chair for the police services board is under investigation by the Ontario Civilian Police Commission for comments he made on our station. He was speaking during an interview on the Bill Kelly Show. Guest - Geoffrey Read, Hamilton Attorney The Ontario Liberal government has tapped the former head of the Ontario Power Generation to lead a review that'll last a year into the Ontario Energy Board. Guest - Parker Gallant, Vice President of Wind Concerns Ontario The founder of a well known Christmas Display house in Burlington has died after falling off a ladder while inspecting his home. Guest - Scott Musson, son of Doug Musson
On today's 'Global Exchange' Podcast, we continue our conversation surrounding our 2017 Energy Paper series on cgai.ca/2017_energy_series. On this episode, Colin speaks with Kelly Ogle, John Haffner, and Jim Burpee about the national pipeline landscape, as well as the future of hydro power throughout the country. Bios: - Colin Robertson (host) - A former Canadian diplomat, Colin Robertson is Vice President of the Canadian Global Affairs Institute and a Senior Advisor to Dentons LLP. - Kelly Ogle - President and CEO of the Canadian Global Affairs Institute. - John Haffner - a consultant with extensive experience in the cleantech, energy and infrastructure sectors. As President of Haffner Group, a Toronto- and Hong Kong-based company he founded in 2011, he provides advisory and execution services for clients in Canada and Asia. Haffner has more than 15 years' experience working on energy and environmental issues, including major projects for Ontario Power Generation and the Canadian Electricity Association. - Jim Burpee - Jim Burpee has been working in the electricity sector on a provincial, federal, North American and global level for 40 years. He has worked as a senior executive for much of that time (Ontario Hydro/ Ontario Power Generation) including six years at the CEO level (Bridge Renewable Energy Technologies, Canadian Electricity Association). Papers: The papers mentioned in the Podcast are available at cgai.ca: - “With the latest developments on the North American pipeline landscape, is Energy East necessary?” by Kelly Ogle (http://www.cgai.ca/energy_series) - “More Hydro Power in Canada: Tapping Our Potential” by John Haffner & Jim Burpee (http://www.cgai.ca/energy_series) Recommended Books: Kelly Ogle - "For Whom the Bell Tolls " by Ernest Hemingway (https://www.amazon.ca/Whom-Bell-Tolls-Ernest-Hemingway/dp/0684803356/ref=sr_1_1?ie=UTF8&qid=1504629267&sr=8-1&keywords=for+whom+the+bell+tolls) John Haffner - "Rocky Mountain Institute publications" (https://www.rmi.org) Jim Burpee - "The Dark Tower Series" by Stephen King (https://www.amazon.ca/Dark-Tower-Boxset-Through-Keyhole/dp/1473671353/ref=sr_1_1?s=books&ie=UTF8&qid=1504629330&sr=1-1&keywords=dark+tower+box+set) | "South of Broad" by Pat Conroy (https://www.amazon.ca/South-Broad-Novel-Pat-Conroy-ebook/dp/B002HEWMKI/ref=sr_1_1?s=books&ie=UTF8&qid=1504629374&sr=1-1&keywords=south+of+broad) Give 'The Global Exchange' a review on iTunes! Follow the Canadian Global Affairs Institute on Facebook, Twitter (@CAGlobalAffairs), or on Linkedin. Head over to our website cgai.ca for more commentary. Produced by Jared Maltais and Meaghan Hobman. Music credits to Drew Phillips.