ReNew Canada
Summary
Making the tough decisions on where, when and how to invest in infrastructure solutions that collectively have the potential to reduce greenhouse gas emissions (GHG) generated from Canada’s built environment has never been easy. But for private sector energy utilities like Vancouver-based Creative Energy, which recently embarked on an ambitious, capital-intensive “decarbonization” project in downtown Vancouver to cut emissions by at least 25,000 tonnes per annum, the financial, logistical and market-driven challenges the company faces have reached an unprecedented level of complexity. Their decisions are further complicated by pressure to follow federal, provincial climate guidelines, and, since 2022, municipal targets set by the City of Vancouver for reducing emissions from large buildings. Non-compliance carries stiff penalties for both Creative Energy and its customers down the road.
In collaboration with BC Hydro, Creative Energy is moving ahead with a high stake “fuel switch project” intended to transition the company’s downtown district energy network from natural gas to low carbon electricity. Samson Tam, Creative Energy’s director of development, says that his company’s “thermal fuel switch project is one of the largest ever attempted in Canada.”
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