Graphic supplied by Bruce Power. 2019Graphic supplied by Bruce Power. 2019
Midwestern

Bruce Power unveils strategy to work towards a 'net zero Canada'

Speaking to the Empire Club of Canada, Bruce Power President and CEO Mike Rencheck announced ‘NZ-2050,’ the company’s strategy to contribute to a net-zero Canada, while growing the economy and supporting innovation.

Rencheck said their strategy builds off the foundation laid by Canada’s largest clean energy infrastructure project at Bruce Power, which contributed the majority of the clean, reliable, low-cost electricity in Ontario.

“The COVID-19 pandemic we are fighting has demonstrated the importance of tackling big challenges together and doing everything we can to make a difference,” said Rencheck “This is what our NZ-2050 strategy is all about. We will only be successful by immediately leveraging our best assets and fostering innovation, which will lead to economic prosperity across Canada.

Bruce Power’s NZ-2050 strategy consists of five pillars: 1. Optimize and leverage existing investments in Canada’s largest private-sector infrastructure project to drive further decarbonization; 2. Foster innovation in new energy technologies including new nuclear and fusion energy; 3. Utilize nuclear power generation to produce clean fuels and electrify industrial processes and transportation with an historic opportunity to contribute to a national hydrogen and clean fuels strategy; 4. Create an ecosystem of “green collar” jobs including the nuclear, manufacturing, and energy development sectors with a focus on diversity and more representation from women, visible minorities and Indigenous peoples; and 5. Inspire innovation by supporting strong social responsibility and sustainability, and providing contributions to global health such as life-saving medical isotopes as the world battles COVID-19.

“These pillars will guide our contributions and focus as an organization as we make historic and long-term investments in Canada’s single largest site for clean electricity, which will support thousands of jobs annually in Canada,” Rencheck said.

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