Bruce Power Net Zero Inc. (BPNZ) aims to explore commercial business opportunities that leverage the carbon-free aspect of nuclear power. The partnership is exploring complementary technologies to help Ontario transition to decarbonized energy systems.
They are seeking proposals for projects within the Clean Energy Frontier region of Bruce, Grey and Huron counties that will help achieve Net Zero Greenhouse gas emissions targets. Expressions of Interest will be accepted until June 30, 2022, for ideas for potential projects that will significantly reduce GHG emissions.
Bruce Power Net Zero Inc. is owned jointly by TC Energy and OMERS.
A media release said eligible projects could include Investing in Net Zero infrastructure that generates offset credits or leveraging government support to unlock investment opportunities leading to a Net Zero future.
Proposals could capitalize on the potential of nuclear power to enable innovation in the pursuit of decarbonization, or could involve Hydrogen or and Energy Storage.
“It’s clear that in order for Ontario and Canada to reach their climate change goals, we will need all the tools in the clean energy toolbox,” said James Scongack, Chief Development Officer and Executive Vice-President, Operational Services at Bruce Power. “Nuclear is the backbone of the province’s clean electric grid and must be leveraged to enable a variety of complementary technologies to secure a Net Zero future.”
Submissions should include an estimated quantity of GHG reductions on a conservative and scientifically credible basis; indicate when reductions would be available, with preference given towards projects with reductions available before 2027 or earlier; and include a high-level estimate of total project costs.
BPNZ has outlined four strategic priorities for the current wave of its program including:
1. Storage (pumped, battery) 2. Hydrogen 3. Zero Emission Vehicle Infrastructure 4. Hydro/Solar/Wind