Mitsubishi Power Americas’ Post

Our mission is to become a leading power generation company by developing flexible and sustainable energy solutions that support the transformation of, and add resiliency to, Canada's electricity grids. At the core of Versorium are three key values: our commitment to safety; doing business with integrity; and responsible stewardship. These are far more than just words on our website. Our mission and values are embedded in our daily decision-making processes and are put into action every day by our employees. It is these values that guide us as we develop our highly efficient, fast to dispatch, and low emission generation projects, which support the clean energy transition here in Alberta. To learn more about Versorium’s projects and our mission and values, visit our website: https://lnkd.in/gUjtdKbX #versoriumenergy #versorium #smartenergy #seethetransition #energytransition #distributedenergyresources #missionandvalues #abenergy #albertaelectricity #powergeneration

🔋 Faster Electricity Growth in Alberta! The Alberta Electric System Operator (#AESO) forecasts a 1.2% annual increase in electricity demand over the next 20 years, driven by a strong economy, population growth, and increased electrification in transportation and buildings. See recent AESO the 2024 Long-term Outlook as of May 15, 2024, here https://loom.ly/rl3-pQw Calgary's population increased by a staggering 6%, and Edmonton's by 4.2%, according to the latest StatsCan estimates over just 12 months. ⚡ Key Highlights: ✔️AESO's base case scenario projects sufficient generation to meet demand until 2050. ✔️Electric vehicles and renewable energy are expected to play major roles in future growth. ✔️Technological advancements like carbon capture and small modular reactors will help address escalating load demands. With a robust strategy and careful planning, Alberta is well-positioned to meet its electricity needs and support a sustainable future. #EnergyGrowth #AlbertaElectricity #RenewableEnergy #Sustainability #FutureReady #EnergyDemand

Insightful discussion regarding the challenges and recognized opportunities of BC, Sk and NS. Though resources may differ a bit, it was interesting to hear how different provinces are adressing net-zero 2035, and the universal challenges regardless of geographic location. The most telling part of the discussion was attitude of the province to the challenge of net-zero. I think NS will be a province to watch with it's transition developments. One note, net-zero for 2035 rather than 2050 is to incent steps toward change now rather than "waiting" and allowing governments to "kick the can" for another government or cabinet to tackle. The ultimate goal IS 2050, and without a little urgency, it would be unlikely that we could meet or get close to the net-zero goals. #etc2023

Here's a very important piece written by CBIA CEO Chris DiPentima on the short-medium term solution to reduce energy costs in New England. Remember to call us first for help in managing your electricity and gas costs!

Massachusetts is advancing legislation aimed at phasing out natural gas, with multiple bills proposing to stop the expansion of natural gas services, ban new pipelines, and allow gas utilities to offer alternatives like geothermal energy. This legislative push builds on a state order to transition away from natural gas in line with Massachusetts' goal to become carbon-neutral by 2050. The proposals include prohibiting natural gas expansion into municipalities without existing service and redefining gas companies to include providers of thermal energy, facilitating the shift to home electrification and geothermal systems. #Massachusetts #NaturalGas #ClimateAction #GeothermalEnergy #Legislation Link to the full story below: https://bit.ly/4bpDx7A ----------------------------------------------------------------------------- Neeeco increases energy savings by making your homes energy-efficient. 🏠 ✅

"Natural gas is a critical component of our energy future, and the decisions we make to embrace natural gas today will affect our world for centuries to come. Shoring up our energy foundation with natural gas is not only the most practical approach but also the most forward-thinking." T. Lane Wilson Read more: https://lnkd.in/gAB5hfTy Natural Allies for a Clean Energy Future Williams

Read about the opportunities in the Canadian energy industry for 2024 and beyond.

"In the electrification conversation, we cannot ignore natural gas. It serves as a vital complement to the intermittency of renewable power, providing a rapid ramp-up backup essential for grid stability." As renewable electricity generation grows, so does the need for reliable backup solutions like natural gas. Let's continue to embrace a balanced approach to energy transition. #EnergyTransition #NaturalGas #RenewableEnergy #Sustainability #GridStability

New article from The Financial Times this week: to avoid a UK gas comeback, we need more energy storage. This includes details on our plans at Cruachan Power Station to build a new 600MW underground pumped storage hydro plant. 💡 The article details how Britain currently relies heavily on gas-fired power stations to fill supply gaps. But long duration energy storage solutions, like at Cruachan Power Station, offer a solution - storing energy to generate power when the country needs it, strengthening energy security and powering the UK to #NetZero. 🌍 ⚡ 🗞️ Read the full article: https://lnkd.in/eKvATsmC

Energy insecurity around the world underscores the need for policymakers from both parties to embrace clean and affordable energy here at home.   Our nation can meet our growing energy needs, lower CO2 emissions, and provide energy security to our global allies through the production of clean natural gas. “With bipartisan support and a recognition that natural gas is a critical part of a clean energy solution, the U.S. can chart a course that ensures a legacy of sustainable energy for future generations,” writes T. Lane Wilson, senior vice president and general counsel at Williams.   Read more from T. Lane Wilson on why #natgas is the key to a clean, reliable, and affordable energy future: