Energy has been a specialty of ours for a long time, and some brilliant Canadian innovators are helping keep that tradition alive by ushering in the next generation of energy tech.
Driving the news: From nuclear fusion and small-modular reactors to wind power to geothermal, Canada is pushing the boundaries of what’s possible when it comes to generating clean power.
- BC-based General Fusion is one of the leading contenders in the race to create a fusion power device that can produce electricity at scale, and is currently building a demo plant in partnership with the UK government.
- DEEP Earth Energy is building a geothermal power project in Saskatchewan that will eventually power 25,000 homes. The innovation? They’re using a new drilling technique borrowed from the oil and gas sector, which could make geothermal more viable all around the world.
- Development of Canada’s first Small Modular Reactor (SMR) is underway at the Darlington New Nuclear Project in Ontario. Scheduled to start generating electricity by 2029, the SMR will power around 300,000 homes. The Darlington SMR will likely be the first one operational in North America.
Why it matters: The world will need around 30% more electricity by 2030 to keep up with demand. If we’re going to achieve that without driving up prices and emissions, we’re going to need some new tech.
Bottom line: Canada’s expertise in the energy sector is a competitive advantage in a world hungry for more clean power.