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leaders from the nuclear energy ecosystem convened this week at the globe and mail to discuss canada’s new era of energy needs from policy and financing to supply chain and exporting.
following are speaker highlights. re. history & policy: “canada has a storied history as an early adopter and exporter of traditional reactor technologies, as well as being a supplier of uranium. we are one of the rare, few nations that can design, build, implement, and export some of the most sophisticated machines ever invented.” ryan macdonald, senior editor, energy and natural resources, the globe and mail “nuclear projects are 93-95% made-in-canada. for wind and solar, ~60 and ~80% of materials respectively come from china. if you care about the environment, the economy, intellectual property, and the workforce, this is why we've chosen this path. what alternative creates this value-chain benefit?” stephen lecce, minister of energy and mines, government of ontario re. current momentum: “when you export nuclear technology, you’re building a 100+ year relationship, whether through national labs, the regulator, or utilities. if we’re not exporting this technology, someone else will.” george christidis, president & chief executive officer, canadian nuclear association “we had about 8,000 lessons learned from our first nuclear refurbishment project. these lessons are extremely valuable for our next projects, and to help other jurisdictions with unlocking nuclear.” kim lauritsen, senior vice president, enterprise strategy and growth, ontario power generation “we’ve built up skilled trades capacity over a decade. thousands of people can now move from one project to another. that’s what puts us in a good position.” scott ryan, senior vice president, operations, nuclear, canada, aecon nuclear re. project financing: “government needs to tell the private sector: we’re going to be there. we will not change course, or if we do, you will be made whole for the time you spent. we have to make decisions that are in some way irreversible.” patrick chabot, managing director, projects and cleantech, canada growth fund investment management “the completion of refurbishments on time and on budget fundamentally de-risked the life extension of this fleet. building that track record will set private capital in motion in a big way.” david manii, managing director, corporate banking, td securities "once you've got a track record it becomes financeable. the challenge now is: what are the models that share some of the risk with owners and lenders so that it doesn't all fall on ratepayers and taxpayers?" sashen guneratna, managing director, investments, canada infrastructure bank re. supply chain: “we need to ensure indigenous businesses are not just involved in one-off projects. we need to establish with them work packages that would see their involvement in the full lifecycle of the development.” adrian davies, vice president, supply chain management, candu energy inc. “i’m hopeful for the time we’re in now we’re going to start addressing the transferability of credentials across provinces and make sure the strategy is not just provincial and sectorial, but national.” karen hamberg, partner and national low carbon fuels lead, deloitte canada “we’re not just talking about a history of excellence in operations. we’re talking about $12.8 billion refurbishment, four months ahead of schedule, $150 million under budget.” lisa mcbride, country leader, ge vernova hitachi nuclear energy re. global exporting: “energy security and the climate imperative aren’t going away. clean baseload power is the solution. nuclear is becoming the dominant enduring technology for the future.” john gorman, president, westinghouse canada “many places don’t make large nuclear components. we can go into those markets and leverage what others don’t do. that’s how we can really be effective.” john macquarrie, president, commercial operations, bwxt “in addition to electricity nuclear enables things like medical and industrial isotopes, and that’s an important part of the value proposition.” leslie mcwilliams, president and chief executive officer, laurentis energy partners ‣ moderators: ryan macdonald, adam radwanski, emma graney, april fong — the globe & mail ‣ references: event listing | video recording Comments are closed.
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