Facts about advanced Small Modular Reactors New Brunswick has a long history of safely producing nuclear energy at the Point Lepreau Nuclear Generating Station. Nuclear energy supplies about 40 per cent of the province’s electricity, part of its 80 per cent non-emitting electricity generation. This article provides information about advanced Small Modular Reactors (aSMR)
On January 6, 2023, the federal government concluded formal consultations relating to two new Investment Tax Credits (ITC), which will launch the same day as Budget 2023. The new Investment Tax Credit for Clean Technologies and the Investment Tax Credit for Clean Hydrogen were detailed in the 2022 Fall Economic Statement on November 3, 2022.
Commentary by Jonathan Alward, Vice President, Policy, Atlantica Centre for Energy Recent analysis shows that cost-effectively transitioning our energy system in Atlantic Canada to net-zero greenhouse gas (GHG) emissions can be based upon a mixed portfolio of solutions including wind-, hydro-, nuclear-, and natural gas-based energy generation. The federal government is currently developing the
The oil and gas (O&G) industry earned record profits in 2022, providing ample cash flow to fund their strategies in 2023. And while O&G companies recognize geopolitical and macroeconomic uncertainty in the year ahead, they’ve also been given a clear mandate to secure supply in the short term while transitioning to cleaner energy in
Clean hydrogen will play a key role in the future energy system—particularly in decarbonizing hard-to-abate sectors. By 2030, clean hydrogen is expected to be used in sectors such as aviation, refining, and road freight, and expand into others such as shipping thereafter. Through interviews with over 350 CEOs, executives, and leaders across the private
Climbing energy costs and uncertainty surrounding inflation will compound complex issues like decarbonization on a global level. Businesses and their supply chains are stretching price elasticity to weather the economic challenges. The rate and pace of the energy transition is adding to tensions. As countries look to expand their power generation through electrification and
On January 18, 2023, Irving Oil announced a partnership with global waste-to-renewable natural gas (RNG) industry leader Anaergia Inc. to supply the Saint John refinery with carbon-negative RNG, as well as Irving Oil’s other operations such as Delivered Natural Gas. About 350 million cubic feet of RNG will be supplied annually from Anaergia Inc.
J.D. Irving is spending $30 million to expand its wood pellet plant in Saint-Léonard to grow production by 57.1% as demand for the renewable fuel grows in Europe. Operating since May 2019, the pellet plant’s expansion project will more than double its nameplate capacity and allow feedstock flexibility. Read more here: https://www.canadianbiomassmagazine.ca/grand-plans-n-b-pellet-producer-embarks-on-30m-expansion-project/?oly_enc_id=4679H7150445G4I
In 2023, supply chain snags, rising costs, and extreme weather are likely to continue plaguing the power and utilities sector. But promising trends in innovation and investment, buoyed by recent legislation, can help the sector fulfill its mission to provide increasingly secure, reliable, clean, and affordable electricity. Deloitte’s 2023 outlook examines the latest power