CanGEA is pleased to announce that the BC Oil and Gas Commission (Commission) has issued geothermal resource well authorizations to Borealis Geopower Inc. for four thermal gradient wells on its Canoe Reach Geothermal Project, south of Valemount B.C.
Full News Release
For the last three decades Springhill has advocated for geothermal energy to be the way of the future. Their efforts are finally coming to light. After discontinued coal mining the Springhill mine has filled with water which geothermal energy can be extracted. Using the mine water, Springhill will be building an industrial park centred around geothermal energy. CanGEA is very excited for Cumberland and Springhill.
Check out the article here!
On Tuesday, May 29th CanGEA Chair, Alison Thompson and Operations Manager, Zach Harmer will be appearing before the Standing Committee on Natural Resources. They were invited to discuss the current and future state of national energy data, specifically relating to geothermal heat and energy. CanGEA is pleased to have been invited and is excited to spur the conversation of geothermal energy from inside the government to hopefully put into action nationwide.
Yesterday, CanGEA Operations Intern, Nazifa Rahman and Policy Intern, Kayla Wilson-Layton, attended the Global Trends in Clean Tech Panel Discussion hosted by Alberta Clean Technology Industry Alliance (ACTia) and Canadian Natural Resources Limited (CNRL). The productive and informative panel discussion focused on several topics:
1. A focus on clean technology and renewable energy funding opportunities – including grants and private funding
2. Best practices to access both the global and domestic markets
3. The need for the execution and implementation of the multitudes of innovative ideas brought forward
Alberta's transition to a capacity market, Canada’s 2030 commitment, the Paris Accord and a renewed interest in Arctic policy, all indicate a policy window that has opened. Geothermal energy, a dispatchable resource, could be used for electricity and heat alike, all while being advantageous to achieve Canada’s environmental commitment and endeavours. CanGEA looks forward to further participation in stakeholder sessions to continue to understand the best path forward for the industry and our members from a policy and business stand point.