Ontario Creating A Clean Energy Institute
McGuinty Government Expands Clean Energy Economy, Creates New Business Opportunities
Ontario is taking the next step in its Clean Energy Economic Development Strategy with the launch of the Clean Energy Institute -- which will create more new jobs in the clean energy sector.
The new institute will bring together industry leaders and utility companies to build on Ontario's strengths in smart grid technologies and other clean energy innovations. Created in partnership with MaRS, the institute will help support and expand domestic and international business opportunities and position Ontario to capitalize on a $250 billion clean energy industry.
Today, more than 200 clean energy experts met at the MaRS Future of Energy Summit to exchange ideas about how to leverage Ontario's clean energy expertise to global markets and create jobs. The summit focused on a number of areas including designing the grid of the future and featured a showcase of smart grid innovators including a number of Ontario's Smart Grid Fund recipients. A smarter grid will give families and businesses better tools to manage electricity use, help utilities detect, prevent and restore outages and reduce greenhouse gas emissions by making it easier to connect renewable energy to the grid.
Growing the clean energy sector is an important part of the McGuinty government's plan to modernize Ontario's electricity infrastructure, ensure clean air for families and keep the lights on in homes and businesses across the province.
- An Innovation Showcase featuring video exhibits and equipment from Ontario energy innovators is on display in the MaRS Atrium until June 13th.
- The Future of Energy Summit focused on five themes: Using the power of clean energy data, designing the grid of the future, combining different energy sources and uses, examining emerging energy generation and storage technologies, and supporting the commercialization of new energy technology.
- For every 10,000 construction jobs created by the clean energy sector, almost $500 million in economic activity flows back into Ontario communities.
- More than 4.7 million smart meters are helping Ontario's electric utilities pinpoint and respond more quickly to power outages.
“This is an exciting time for Ontario. We have worked hard to create clean energy jobs and a strong manufacturing base in this sector. The Clean Energy Institute will help us find new ways to expand on our progress. In addition, our efforts to build a smarter grid and a clean energy economy will ensure that we have the electricity we need to power our homes, schools, hospitals and our economy - leading to cleaner air, a stronger economy and a better future for our children and grandchildren.”
“The economic opportunity for Ontario companies in clean tech and clean energy is enormous. This is one of the fastest growing-sectors in the world and Ontario is at the heart of its development, and that's why we are seizing this great opportunity.”
“MaRS is pleased to work in partnership with the government of Ontario to maximize the economic opportunity that the global clean energy industry represents for this province. Global investment in clean energy projects is expected to mobilize nearly $7 trillion of new capital over the next 20 years. By combining Ontario's robust energy innovation pipeline with the collaborative efforts of public and private industry stakeholders, I believe this province is on track to become a leading exporter of the next generation of energy technologies.”
Dr. Ilse Treurnicht