BC Hydro

CPABC: Northeast B.C. housing starts slow in 2022, but major project activity continues to bring investment

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金曜日, 3月 31, 2023
Hydrogen, Housing, Chartered, BC Hydro, Investment, FCA, FCPA, Annual report, Chartered Professional Accountant, Population growth, Cryptocurrency, Oil, Fort St. John

“In 2022, the number of units started in the two major population centers in Northeast B.C.

Key Points: 
  • “In 2022, the number of units started in the two major population centers in Northeast B.C.
  • fell to the lowest level in the past two decades,” said Ben Sander, FCPA, FCA, partner at Sander Rose Bone Grindle.
  • This was down from the $45.2 in Q3 2021 due to the completion of the Spruce Ridge Expansion Project ($565 million).
  • “That will change once these projects are completed and employ local residents, but going forward we need to examine ways that major project activity can be more immediately benefit residents of Northeast B.C.”

LifeSpeak Inc. Announces Fourth Quarter and Fiscal 2022 Results

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金曜日, 3月 31, 2023
Insurance, CHC, ARR1, BJ, Loblaw Companies, WebMD, Credit agreements in South Africa, Overalls, Fiscal, NYU, CVS, UMB, Manitoba Blue Cross, Conversation, Movement, Sale, Cross, NYU Langone Health, BC Hydro, Analysis, ARR, Management, TSX, Growth, UMB Financial Corporation, Adjustment, Three Months, Video game, Cryptocurrency, Financial services, Security (finance), Beedi

Gross Margin for the fourth quarter 2022 was 92%, an increase compared to Gross Margin of 87% in the comparable period in 2021.

Key Points: 
  • Gross Margin for the fourth quarter 2022 was 92%, an increase compared to Gross Margin of 87% in the comparable period in 2021.
  • Fourth quarter 2022 Adjusted EBITDA3 of $4.8 million, an increase of $3.9 million compared to the same period in 2021.
  • Fourth quarter 2022 Adjusted EBITDA3 margin of 35%, an increase when compared to an Adjusted EBITDA3 margin of 24% in the third quarter of 2022, and 14% in the comparable period of 2021.
  • Fourth quarter 2022 net loss of $24.5 million, an increase of $17.7 million compared to the same period in 2021.

Woodfibre LNG accelerates Canada's pathway to net zero

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木曜日, 3月 23, 2023
Squamish Nation, Nation, GHG, Indigenous, Carbon, Government, Global warming potential, First Nations in Manitoba, Woodfibre, British Columbia, BC Hydro, Project, Local government in Canada, First Nations, Island Pacific Energy, Natural gas, Renewable energy, Province, LNG

SQUAMISH, BC, March 23, 2023 /CNW/ - Woodfibre LNG is proud to announce its Roadmap to Net Zero, a tangible plan to achieve net zero emissions by the time operations start in 2027, 23 years ahead of government regulation.

Key Points: 
  • SQUAMISH, BC, March 23, 2023 /CNW/ - Woodfibre LNG is proud to announce its Roadmap to Net Zero, a tangible plan to achieve net zero emissions by the time operations start in 2027, 23 years ahead of government regulation.
  • This roadmap will see Woodfibre LNG be the first LNG export facility in the world to achieve net zero, and includes commitments to be net zero both through the construction stage of the Project and during operations.
  • "Woodfibre LNG's roadmap prioritizes emissions avoidance and reduction opportunities, and we are proud to have a credible strategy in place that will make us the world's first net zero facility," said Christine Kennedy, President of Woodfibre LNG.
  • As part of its net zero roadmap, Woodfibre LNG will also offset emissions during the construction phase of the Project.

Cedar LNG Receives B.C. Environmental Approval and Signs Memorandum of Understanding with ARC Resources Ltd.

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火曜日, 3月 14, 2023
Other Energy, Mining, Minerals, Environment, Oil, Gas, Sustainability, Natural Resources, Energy, Multimedia, EAC, TSX, Pembina Pipeline, BC Energy Step Code, Natural gas, NYSE, Haisla Nation, Nation, Engineering, MOU, Transport, Environmental impact assessment, PPL, PBA, Project, Electricity, Coastal GasLink Pipeline, Employment, Cedar, ESG, Coast, ARC, ARC Resources, BC Hydro, LNG

Environmental Assessment Office, and has signed a Memorandum of Understanding ("MOU") with ARC Resources Ltd. ("ARC") for a long-term liquefaction services agreement.

Key Points: 
  • Environmental Assessment Office, and has signed a Memorandum of Understanding ("MOU") with ARC Resources Ltd. ("ARC") for a long-term liquefaction services agreement.
  • View the full release here: https://www.businesswire.com/news/home/20230314005935/en/
    Cedar LNG is a proposed floating liquified natural gas ("LNG") facility located on Haisla Nation-owned land in Kitimat, B.C.
  • Cedar LNG made several innovative design decisions to minimize the Project's environmental footprint and ensure it is one of the lowest-emitting LNG facilities in the world.
  • Cedar LNG has entered into an MOU for a 20-year liquefaction services agreement with ARC Resources.

Iris Energy Announces Monthly Investor Update for December 2022

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木曜日, 1月 12, 2023
Weather, Maritime Transportation Security Act of 2002, Christmas, BC Hydro, District court, Government, SPV, Calendar, Growth, Acceleration, John Davis (U.S. district court judge), Miner, Government of British Columbia, Electricity, Canal Flats, Renewable energy, Cryptocurrency, Warehouse, Oil, Tanning (leather), Bitcoin

SYDNEY, Australia, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) ("Iris Energy" or "the Company"), a leading owner and operator of institutional-grade, highly efficient proprietary Bitcoin mining data centers powered by 100% renewable energy, today published a monthly investor update for December 2022, containing its results from operations as well as business updates.

Key Points: 
  • The update can be accessed via the following link: https://irisenergy.gcs-web.com/news-releases/news-release-details/iris-e...
    As at 2022 calendar year end, the Group has $39 million of cash in the bank (preliminary and unaudited) and no debt5.
  • On December 21, 2022, Non-Recourse SPV 1 repaid all outstanding amounts (approximately $1 million) under the SPV 1 Financing Agreement.
  • Canal Flats update (0.8 EH/s, 30MW capacity) – BC, Canada
    Canal Flats has been powered by 100% renewable energy since inception9.
  • Prince George update (1.4 EH/s, 50MW capacity) – BC, Canada
    Prince George has been powered by 100% renewable energy since inception9.

Hydro One Limited appoints David Lebeter as President and CEO

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火曜日, 1月 10, 2023
Hydro One, Business administration, Institute of Corporate Directors, TSX, University, Corporation, Interim, Electricity, Bachelor, Operation Board Games, NYSE, BC Hydro, Safety, Maintenance, Canada, Simon Fraser University, Climate change, Engineering, Management, Renewable energy, Cryptocurrency, Forestry

TORONTO, Jan. 10, 2023 /PRNewswire/ - Today, Hydro One Limited's (Hydro One) Board of Directors announced the appointment of David Lebeter as the company's new President and CEO.

Key Points: 
  • TORONTO, Jan. 10, 2023 /PRNewswire/ - Today, Hydro One Limited's (Hydro One) Board of Directors announced the appointment of David Lebeter as the company's new President and CEO.
  • Before joining Hydro One, he held executive positions in safety and operations at BC Hydro and in the forest industry.
  • Mr. Lebeter's appointment is effective February 1 and his transition will be supported by Interim President and CEO William (Bill) Sheffield.
  • David Lebeter was appointed President and CEO of Hydro One Limited in January 2023.

Iris Energy’s 160MW of Data Center Capacity in British Columbia Not Affected by Recent Government Decision to Temporarily Suspend New and Early Stage Connection Requests for Cryptocurrency Mining

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金曜日, 12月 23, 2022
Bitcoin, Canal Flats, Government House (British Columbia), BC Hydro, Government, Oil, Cryptocurrency

On December 21, 2022, the Government of British Columbia announced a temporary 18-month suspension on new and early stage BC Hydro connection requests from cryptocurrency mining projects due to unprecedented interest1.

Key Points: 
  • On December 21, 2022, the Government of British Columbia announced a temporary 18-month suspension on new and early stage BC Hydro connection requests from cryptocurrency mining projects due to unprecedented interest1.
  • According to the release, cryptocurrency mining projects that are operational, and a small number of projects that are well advanced in BC Hydro’s connection process, will not be affected.
  • As a result, the Company’s 160MW of data center capacity at Canal Flats (30MW), Prince George (50MW) and Mackenzie (80MW) is unaffected.
  • Iris Energy looks forward to continuing to work with BC Hydro and local communities in respect of its existing data centers and any additional development projects the Company may pursue in the future.

New Program Brings Haida Gwaii Businesses No-Cost Energy Efficiency Assessments

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水曜日, 12月 21, 2022
Energy, Commercial Building & Real Estate, Construction & Property, Other Energy, Utilities, Commercial, Council of the Haida Nation, BC Hydro, Electricity, Island, Skidegate, Old Massett, Environment, Renewable energy, Recycling

Businesses on Haida Gwaii can now sign up for no-cost energy assessments as part of BC Hydro’s new Commercial Building Energy Efficiency Program (CBEEP), delivered by CLEAResult’s local Canadian team, Ecofitt, who has a long history of community engagement in the region.

Key Points: 
  • Businesses on Haida Gwaii can now sign up for no-cost energy assessments as part of BC Hydro’s new Commercial Building Energy Efficiency Program (CBEEP), delivered by CLEAResult’s local Canadian team, Ecofitt, who has a long history of community engagement in the region.
  • The commercial program is the first of its kind to provide businesses in the small, remote communities of Haida Gwaii with opportunities to reduce energy use through free energy efficiency upgrades.
  • “Energy efficiency is one of our best tools for reducing reliance on diesel-generated electricity on Haida Gwaii,” BC Hydro’s Program Manager, Amy Seabrooke, added.
  • “This new program enables our customers on Haida Gwaii to save energy and money while providing broader benefits to the whole community.”
    With residential and commercial energy efficiency programs now available, people living on Haida Gwaii have multiple options for saving energy and reducing greenhouse gas emissions.

New federal investments announced for British Columbia Indigenous Clean Energy Initiative

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月曜日, 12月 12, 2022
First Nations, Maintenance, Electricity, Indigenous peoples, Language, ISC, COAST, Federation, Assembly of First Nations, MTI, Minister of Indigenous Services, Asia-Pacific Economic Cooperation, Partnership, Advisory Committee on Vice-Regal Appointments, Indigenous Services Canada, Education, CO2, Economic development, Indigenous self-government in Canada, Natural Resources Canada, Investment, Government, Semisulcospira pacificans, Advisory Committee, SPI, NRT, BC Hydro, International development, Hearing, Economy, Carbon, Oil, Renewable energy

The BCICEI supports the development of clean energy projects in First Nations communities throughout British Columbia, while ensuring ownership, revenue sharing, local employment, and business development benefits are built into the process.

Key Points: 
  • The BCICEI supports the development of clean energy projects in First Nations communities throughout British Columbia, while ensuring ownership, revenue sharing, local employment, and business development benefits are built into the process.
  • The initiative has also funded projects that together generate over 100,000 MWh annually, enough clean energy to power over 3,600 homes.
  • The federal government's new contribution of $10 million announced today flows through Indigenous Services Canada and will support initiatives such as the Hesquiaht Ahtaapq Creek Hydropower project.
  • "The British Columbia Indigenous Clean Energy Initiative is the gold standard when it comes to government, Indigenous organizations and industry working together to reduce greenhouse gas emissions and bring clean energy to First Nations.

Canada Invests Nearly $3 Million for a Renewable Energy Capacity-Building Program for Indigenous Communities in British Columbia

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木曜日, 12月 8, 2022
Carbon, Water, EPIC, Mining, FortisBC, Network, GHG, The Weather Network, Natural Resources, Fortis, Economic development, Solar Energy Generating Systems, Wind, Fraser Basin Council, Knowledge, Indigenous self-government in Canada, Investment, BC Hydro, Hydrogen, Climate change, Renewable energy

Today, the Honourable Jonathan Wilkinson, Minister of Natural Resources, announced an investment of nearly $3 million from the Smart Renewables and Electrification Pathways program for Fraser Basin Council 's Energy Peers in Indigenous Communities (EPIC) Network , a capacity-building program designed to encourage Indigenous leadership in the renewable energy and electrification sectors across British Columbia.

Key Points: 
  • Today, the Honourable Jonathan Wilkinson, Minister of Natural Resources, announced an investment of nearly $3 million from the Smart Renewables and Electrification Pathways program for Fraser Basin Council 's Energy Peers in Indigenous Communities (EPIC) Network , a capacity-building program designed to encourage Indigenous leadership in the renewable energy and electrification sectors across British Columbia.
  • The Network will also provide capacity-building funds to Indigenous communities to advance their community energy goals related to renewable energy and electrification.
  • Funding is available for eight communities to hire an energy champion and to build knowledge and skills related to small-scale (under 100kW) renewable energy projects in Indigenous on-grid communities in B.C.
  • Working with energy champions and Indigenous communities will generate socio-economic and environmental benefits related to the renewable energy sector for under-represented Indigenous communities in B.C., while addressing energy affordability, decarbonization and increasing Indigenous community leadership.