Parry Sound to Get Modernized Electric Grid
Parliamentary Secretary Paul Lefebvre, on behalf of the Honourable Amarjeet Sohi, Canada's Minister of Natural Resources, announced a $2.9-million investment in Bracebridge Generation Ltd.'s Smart Proactive Enabled Energy Distribution Intelligently Efficiently Responsive (SPEEDIER) smart grid project.
"By investing in this project, our government is reducing barriers to innovation and positioning Canada as a global leader in clean technologies,” said Lefebvre. “Initiatives like this help build cleaner and safer electricity systems in remote and rural communities, while creating jobs and lowering costs for middle-class Canadians."
This project enables Parry Sound to eventually generate as much energy as it consumes, making it one of the first net-zero communities in Canada.
"Lakeland believes that innovation in the electricity sector is the way of the future. Our SPEEDIER project, in conjunction with our partners and support by NRCan, is proof of this important transition,” said Chris Litschko, CEO, Lakeland Holding Ltd. / Bracebridge Generation Ltd. “We look forward to implementing a successful SPEEDIER project and with lessons learned rolling out this initiative elsewhere."
This investment will increase electricity grid reliability, defer costly upgrades, make better use of existing assets, help speed the adoption of electric vehicles and give residents greater control over how they use energy.