Bruce Power unveils $3 billion ‘Made in Ontario’ plan and co-authors 50-year vision report
Bruce Power announced its $3-billion ‘Made in Ontario’ plan with the promise to contribute to the province’s economic recovery through job creation and supporting health care and energy innovation. Shortly afterwards, Bruce Power and NII also released a vision for the next 50 years of operation.
JULY 19, 2021 – Bruce Power announced its plan to contribute to a ‘Made in Ontario’ economic recovery, investing $3 billion over the next 18 months through the company’s Life-Extension Program, isotope development, and asset optimization strategy.
This investment will create and sustain thousands of highly-skilled jobs and drive economic benefits throughout the Clean Energy Frontier region and across Ontario.
Mike Rencheck, Bruce Power’s President and CEO, outlined the company’s five-pillar strategy to contribute to a revitalized economy, while providing global leadership in the production of medical isotopes, contributing to Canada’s Net Zero 2050 goals, and securing reliable electricity for decades to come.
“Bruce Power’s Life-Extension Program continues to play a key role in stimulating the economy as Ontario moves into the recovery phase of the COVID-19 pandemic,” Rencheck said. “This investment program will also ensure a steady global supply of medical isotopes and a reliable source of clean electricity that will make significant contributions to a Net Zero Ontario and Canada.”
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Bruce Power and NII unveil vision for next 50 years of operation
Bruce Power is continuing its contributions to a net zero Canada by 2050 by releasing a report that lays out its vision for the next 50 years of operation.
The report, written in collaboration with the Nuclear Innovation Institute (NII), explores Bruce Power’s role as a critical enabler of net zero, providing not only an established baseload of clean energy, but also the good jobs, sector innovation and lifesaving isotopes of the future.
“The Bruce Power site creates a critical foundation which policymakers, industry and the public can use to prepare for a net-zero future,” said Mike Rencheck, Bruce Power’s President and CEO. “This report builds on our contribution to net zero by laying out a vision for the future of the Bruce site and the Clean Energy Frontier of Bruce, Grey and Huron counties over the next 50 years.”
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