Our full report is available here.
Canada’s intensive industries currently source less than 30 per cent of their energy from electricity. Yet Canada has huge renewable energy potential. To reduce emissions and remain competitive, electrification must be part of Canada’s plan.
But intensive industries are difficult to decarbonize and shifting to renewable electrical power is a huge investment.
In fact, the median capital cost of electrifying Canada’s intensive industries is US$300 billon.
Low carbon electrification will also require 290 terawatt hours per year of renewable energy power. That’s the output of more than 50,000 wind turbines.
We’ve looked at Canada’s electrification opportunities at the sector and facility level to highlight what we need to move forward.
And we’ve tracked paths through all of Canada’s most intensive industries. Our full report is available here. Below are the main takeaways.