Blog – Electricity and Power Generation – Canada and the World – Analysis and Commentary – November 2022

Summary:

Lithium, cobalt, nickel, uranium, and other critical materials are now strategic to countries around the world. The key will be extracting critical metals in a sustainable way that protects the environment as well as gets the product to end-market.

Load factors are still a key area when it comes to reforming the grid. Net zero goal for the transportation sector will require additional power that has to be distributed through out the grid.

Remote and isolated communities still rely on diesel power generation. The clean alternative could be hydrogen power, but it must be environmentally safe as well as the cost of capital to convert diesel generators to hydrogen generators.

Wind and solar have their own issues. Wind power can cause issues with land usage as well as issues with aquatic life. More studies need to be done on how best to support wind and solar as part of overall climate change mitigation.

More needs to be done in areas of waste to energy and loss of energy due to building construction. Waste management is becoming a big concern as part of the overall net zero goal. More thoughts needs to go into how best to waste to energy plants as part of the overall power load to meet current and future energy requirements of commercial, industrial, and consumers

Breakthrough has come with fusion technology. The key will be time it will take to commercialized fusion technology as part of transforming the grid.

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