“Skyrocketing demand from artificial intelligence data centers is exacerbating shortages of critical grid equipment like transformers across the U.S., driving up costs, stretching out wait times and spurring utilities and developers to lock in orders far in advance.
Transformers, which are used to step up or step down electricity voltage, have witnessed persistent shortages over the last five years, when demand began to rebound faster than supply due to COVID-19-related lockdowns.”
https://t.co/Fwz9m9lFX6
Japanese Ambassador to Canada Kanji Yamanouchi says his country sees Canada as having ‘enormous potential’ as an oil and natural gas provider. https://t.co/IaefLboVIT
We are in a global competition, we can come out on top if we work together and put our best foot forward.
“B.C. needs to enable these projects and be pro-growth, because now is our time, and I tell you, this capital will not wait because it's going to move to somewhere else that's shovel-ready,” RBC CEO McKay.
McKay said B.C. and Canada need to move away from a “risk-averse” mindset and become more willing to accept mistakes and fix problems along the way to seize economic growth opportunities, which he said are essential to financing the country's aging population.
“It feels like we have moved these timetables faster than in history, it's still not fast enough because the world's changing too [and is] getting faster,” he said.
https://t.co/SoPCWReGJ4
Canada is an energy superpower. It's time to start acting like one.
Let's put this in context. Canada is one of only six nations on earth with its own civilian nuclear tech, and blessed with the world's top reserves of minerals, oil and gas.
Ontario is building the Western World's first Small Modular Reactor and is host to the world's largest uranium refinery.
An inspiring time with @PoweredXWomen as we lead the charge for bold leadership that unapologetically stands up for Canadian values and resources.
It’s time to work together and build the pipelines, power plants, ports, railways, and roads we need to develop and export more of our natural resources!
The world needs more Canadian energy, mining, food and forestry.
A few recent examples of countries asking Canada to step up and provide them with the energy and minerals they need.
✅ India
“Canada holds a wide range of natural resources and opportunities differ between province.
Alberta is looking to optimize local gas supplies, Nova Scotia is supporting offshore wind development and Ontario is expanding its nuclear power capacity while also supporting wind, solar and storage through competitive procurement programs.”
https://t.co/TtH5XUaewF
A nuclear energy renaissance is upon us.
In Canada, refurbishments of existing large-scale reactors are being completed. The first small modular reactor (SMR) in the G7 is scheduled to come online in 2030 in Ontario with three more planned. Alberta and Saskatchewan are considering adding nuclear power to their energy mix while advanced nuclear reactors are even being pitched to alleviate the persistent energy struggles in Northern Canada.
The industry has argued that regulatory timelines for new nuclear are too burdensome, which is causing stalled projects, cost overruns and curtailment of nuclear’s full potential.
These are reasonable concerns because of the enormous front-end capital expenditure, especially for large grid-scale reactors.
https://t.co/notsNtWdYU
The federal government is investing hundreds of millions of dollars into the Trail metals complex in British Columbia to boost production of germanium in a push to firm up the North American supply of defence metals.
https://t.co/SgQ05cFh5G