Bruce Power

ALUS Delivers Carbon Sequestration and Environmental Benefits for Bruce Power through Agricultural Nature-based Projects, Report

Retrieved on: 
Donnerstag, Mai 30, 2024
Carbon, Saugeen Ojibway Nation Territory, Partnership, Bruce Power, OMERS, Holdridge life zones, TC Energy, Investment, Sustainability, Farmer, Wetland, NII, Society, AI, Power, ALUS, Renewable energy

The three-year investment is led by Bruce Power’s Carbon Offset Coalition, which funds grassroots net-zero initiatives to offset and remove carbon emissions.

Key Points: 
  • The three-year investment is led by Bruce Power’s Carbon Offset Coalition, which funds grassroots net-zero initiatives to offset and remove carbon emissions.
  • Bruce Power, a partnership between TC Energy, Ontario Municipal Employees Retirement Systems (OMERS), the Power Workers’ Union and The Society of United Professionals, is Canada’s only private-sector nuclear generator.
  • ALUS expects to release the methodology publicly and issue its first carbon credits generated by nature-based projects on marginal agricultural lands to Bruce Power by the end of 2024.
  • “Bruce Power’s New Acre investment is not only advancing credible carbon offsetting practices but is also generating positive environmental and social benefits for people in Bruce and Grey Counties.”

Laser Photonics To Supply CleanTech Laser Cleaning Technology to E.S. Fox Limited for Use at Bruce Power

Retrieved on: 
Dienstag, Mai 14, 2024
Technology, Manufacturing, Construction & Property, Nuclear, Other Technology, Other Manufacturing, Energy, Machinery, Other Construction & Property, Machine Tools, Metalworking & Metallurgy, Electronic Design Automation, Bruce Power, VBO, LPC, Engineering, Society, Radioactive decay, Environment, Power plant engineering, Clean technology, Renewable energy

Fox Limited for use by Bruce Power in Ontario, Canada, the operator of the largest functioning nuclear power plant in North America.

Key Points: 
  • Fox Limited for use by Bruce Power in Ontario, Canada, the operator of the largest functioning nuclear power plant in North America.
  • Fox, Bruce Power and the two power company labor unions chose our laser systems for operations,” said Wayne Tupuola, CEO of Laser Photonics.
  • Cleaning with LPC’s CleanTech laser systems requires no chemicals or additives, minimizing secondary waste and reducing health risks for operators.
  • For more information about the CleanTech line of laser cleaning systems, please visit https://www.cleantechlaser.com/ or contact our sales department at [email protected] .

TC Energy reports strong first quarter 2024 operating and financial results

Retrieved on: 
Freitag, Mai 3, 2024
Keystone Pipeline, Sale, International, TC, EDT, Capital, USNG, Investment, PIN, Safety, Bias, Natural gas, MD, Webcast, NiSource, LNG Canada, Capital expenditure, TC Energy, Transport, MDT, Senior, Bruce Power, EDGAR, Special, Samsung Galaxy Note 4, Calendar, GAAP, Growth, Note, CGL, Propane

Throughout the first quarter of 2024, TC Energy continued to safely and reliably deliver energy across North America, while maximizing the value of our assets through operational excellence.

Key Points: 
  • Throughout the first quarter of 2024, TC Energy continued to safely and reliably deliver energy across North America, while maximizing the value of our assets through operational excellence.
  • Under the spinoff Transaction, common shareholders of TC Energy as of the record date established for the spinoff will receive, in exchange for each TC Energy share, one new TC Energy share and 0.2 of a South Bow Corporation (South Bow) common share.
  • TC Energy’s Board of Directors and management team are confident that the proposed separation will enhance long-term value for TC Energy shareholders by creating two highly focused, premium energy infrastructure companies.
  • We will hold a teleconference and webcast on Friday, May 3, 2024 at 6:30 a.m. (MDT) / 8:30 a.m. (EDT) to discuss our first quarter 2024 financial results and Company developments.

BWXT Announces Expansion of Cambridge Manufacturing Plant to Support Global Nuclear Power Market

Retrieved on: 
Freitag, April 19, 2024
Manufacturing, Energy, Nuclear, Engineering, Utilities, BWX Technologies, Climate change, Investment, Ontario Power Generation, Government, Risk, Power plant engineering, Small modular reactor, TerraPower, Electricity, OPG, Growth, Foot, Nuclear energy, BWXT, Bruce Power, Work, Form 10-K, Natural Resources, Annual report, Renewable energy

BWX Technologies, Inc. (NYSE: BWXT) announced today an investment to expand its Cambridge manufacturing plant.

Key Points: 
  • BWX Technologies, Inc. (NYSE: BWXT) announced today an investment to expand its Cambridge manufacturing plant.
  • At the same time, the global nuclear industry is increasingly being called upon to mitigate the impacts of climate change and increase energy security and independence.
  • Rex Geveden, president and Chief Executive Officer, BWXT, stated, “There is a sharp increase in government interest and funding for nuclear power, globally.
  • BWX Technologies, Inc. (“BWXT”) cautions that this release contains forward-looking statements, including statements relating to expectations for the timing and impact of the expansion of the Cambridge manufacturing plant.

Construction demands in Ontario remain elevated through 2029

Retrieved on: 
Dienstag, März 26, 2024
Occupation, EV, GTA, Employment, Government, Pressure, Growth, Construction, Federation, Volkswagen, Gordie Howe International Bridge, Woman, Bruce Power, Housing, Workforce, Retirement, Ageing, Mining

BuildForce Canada published its 2024–2033 Construction and Maintenance Looking Forward report for Ontario today.

Key Points: 
  • BuildForce Canada published its 2024–2033 Construction and Maintenance Looking Forward report for Ontario today.
  • They wind down in the latter years of the forecast as these projects reach peak activity and demands start to subside.
  • The outlook for the complete forecast period sees construction and maintenance employment rising to a peak in 2028.
  • The construction market in Northern Ontario is heavily influenced by activity in the mining and utility sectors.

Calian Strengthens Nuclear Capability with Acquisition of MDA Ltd. Nuclear Assets

Retrieved on: 
Dienstag, März 5, 2024
Acquisition, CGY, TSX, Growth, Learning, Climate change, Bruce Power, MDA, Renewable energy

MDA’s nuclear team will be integrated into Calian’s existing Nuclear business within its Advanced Technologies segment.

Key Points: 
  • MDA’s nuclear team will be integrated into Calian’s existing Nuclear business within its Advanced Technologies segment.
  • “The MDA Nuclear team will add new capabilities and services to Calian’s existing nuclear business,” says Kevin Ford, CEO, Calian.
  • The addition of MDA’s nuclear team to Calian will create strong synergies, including the ability to better serve their mutual client, Bruce Power.
  • Additionally, Calian Nuclear can better support operations of existing nuclear facilities and refurbishments of the existing facilities.

Natural Resources Canada announces funding to support Ontario’s clean energy future through pre-development work of the Bruce C Project

Retrieved on: 
Donnerstag, Februar 29, 2024
Natural Resources Canada, Economic development, Investment, Paris Agreement, CNA, Federation, MCR, Government, Natural Resources, Private sector, Nuclear energy, Federal, Electricity, Bruce Power, Power, Renewable energy

Ottawa, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Natural Resources Canada (NRCan) today announced up to $50 million in funding in support of Ontario’s plan to maintain a clean energy grid while continuing to drive economic development and support Indigenous and community consultation.

Key Points: 
  • Ottawa, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Natural Resources Canada (NRCan) today announced up to $50 million in funding in support of Ontario’s plan to maintain a clean energy grid while continuing to drive economic development and support Indigenous and community consultation.
  • The funding, announced at the Canadian Nuclear Association (CNA) annual conference, will support pre-development work to study the feasibility of the option for a new nuclear build on the Bruce Power site.
  • “Bruce Power has experienced years of success with nuclear energy in Ontario, and this announcement will enable that success to continue, and grow, in the future.
  • The renewed units will continue to supply clean, reliable energy to Ontario for decades to come.

OMERS Generates $5.6 billion in Investment Income in 2023

Retrieved on: 
Freitag, Februar 23, 2024
Pension, Bruce Power, Plan, Retirement, OMERS, Yorkdale Shopping Centre, Investment

TORONTO, Feb. 23, 2024 (GLOBE NEWSWIRE) -- OMERS, the defined benefit pension plan for broader municipal sector employees in the province of Ontario, generated a 2023 investment return of 4.6%, or $5.6 billion, net of expenses.

Key Points: 
  • TORONTO, Feb. 23, 2024 (GLOBE NEWSWIRE) -- OMERS, the defined benefit pension plan for broader municipal sector employees in the province of Ontario, generated a 2023 investment return of 4.6%, or $5.6 billion, net of expenses.
  • Over the past 10 years, OMERS has averaged an annual investment return of 7.3%, net of expenses, adding $66.4 billion to the Plan.
  • Net assets at December 31, 2023, were $128.6 billion, up from $124.2 billion in 2022, and the Plan reported a smoothed funded status of 97%, up from 95% last year.
  • “Public equities and fixed income had a strong year and fixed income assets benefitted from higher interest rates.

Government of Canada Announces $50 million for Ontario's Expansion of Clean, Reliable and Affordable Nuclear Energy

Retrieved on: 
Donnerstag, Februar 29, 2024
Nuclear energy, Investment, SMR, G7, Electricity, Government, Federation, Hydrogen, OPG, Canada Infrastructure Bank, Natural Resources, Carbon, Private sector, Ontario Power Generation, Natural Resources Canada, Bruce Power, Renewable energy

This project also represents a significant domestic economic opportunity, further establishing Canada and Ontario as international leaders on nuclear energy by building on our legacy of developing and deploying safe and reliable nuclear technology in Canada and around the world.

Key Points: 
  • This project also represents a significant domestic economic opportunity, further establishing Canada and Ontario as international leaders on nuclear energy by building on our legacy of developing and deploying safe and reliable nuclear technology in Canada and around the world.
  • This means more reliable and affordable electricity for Canadians and good jobs and economic opportunities for communities across Ontario."
  • Nuclear energy is an important part of Canada's energy mix — currently providing 14 percent of our electricity nationally and over 50 percent in Ontario.
  • The nuclear sector helps Canada avoid approximately 45 million metric tonnes of carbon dioxide emissions annually.

TC Energy reports record 2023 operating and financial results driven by solid execution

Retrieved on: 
Freitag, Februar 16, 2024
CRA, CFO, Bias, Keystone Pipeline, Senior, GTN, Growth, PIN, Accounting, Condensation, MD, Investment, TC Energy, News, EST, Natural gas, EDGAR, Coastal GasLink Pipeline, LNG Canada, Sale, Calendar, Risk, MST, General counsel, NiSource, Capital expenditure, GAAP, Consolidated, IRS, Unit, Information services, Webcast, Public expenditure, Bruce Power, Villa de Reyes, Capital, TC

Driven by solid execution throughout 2023, our unparalleled asset base continued to generate strong operational and financial results, delivering record comparable EBITDA and comparable earnings per common share.

Key Points: 
  • Driven by solid execution throughout 2023, our unparalleled asset base continued to generate strong operational and financial results, delivering record comparable EBITDA and comparable earnings per common share.
  • Our collective efforts in 2023 continued to set the stage for a transformative period for TC Energy.
  • Guided by a clear set of strategic priorities for 2023, including project execution, enhancing balance sheet strength, and maximizing the value of our asset base, TC Energy was successful in delivering on our commitments.
  • Throughout fourth quarter 2023, we continued to see strong, sustained demand for our assets and services that further supported the delivery of record results.