ADVERTISEMENT Watch Canada can become an ‘energy superpower': Economist on first shipment of liquified natural gas Economist Jeff Rubin discusses Canada's LNG exports to Asia, including market potential and its role in meeting global energy demands.
Economist Jeff Rubin discusses Canada's LNG exports to Asia, including market potential and its role in meeting global energy demands.
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Edmonton Journal
37 minutes ago
- Edmonton Journal
Alberta looks to develop nuclear power, will hold public consultations this fall
The problem with conventional reactors has been their complexity, he said on the sidelines of the Global Energy Show in Calgary. 'If you ever get one built, you'll run it for the next 80 years, but they're hard to build and they're capital intensive to build,' Sell said. 'So our whole approach has been from the beginning: 'How do we make it simpler? How do we make it smaller? How do we have fewer components?'' X-Energy is pursuing opportunities to add power to Alberta's grid in general, as well as to link to steam-assisted gravity drainage oilsands projects that pull bitumen from deep underground through wells rather than mine it. 'Our plant is perfectly suited to perform that same mission on a small footprint,' Sell said. OPG is looking at using X-Energy plants at industrial sites in Ontario. A much larger conventional plant is also in the works in northwestern Alberta. Energy Alberta is working on a power station in the Peace River area that would have two to four Candu reactors and a capacity of up to 4,800 megawatts. That would represent up to a quarter of the province's existing electricity generation. 'We initially thought, 'Wow, that would swamp our power grid,'' Smith said. 'And now with all the demands for AI data centres, we're thinking, 'Hmm, that's maybe exactly what we need.'' An initial project description was filed in April for the Peace River Nuclear Power Project, kicking off the federal review process. In a speech to the Global Energy Show in June, Candu Energy senior vice-president Carl Marcotte said Alberta would benefit from adding nuclear to the mix. 'Whatever Albertans decide to build, you will. But you need a lot more power to do it — reliable power that runs 24/7, power that works in great weather and when it's -45 C … and it must be affordable — it really must,' he said. 'So yes, of course Alberta's abundant natural gas resources can and should do all that … But wouldn't it benefit from having a powerful, cleaner, reliable ally in that growth, providing important baseload electricity with low emissions?' Scott MacDougall, program director of electricity for the green think-tank Pembina Institute, said nuclear could have a role to play as a clean power source, both to feed the grid and to reduce the carbon footprint of the oilsands. But there is lower hanging fruit. 'If the problem that they're trying to solve is delivering that reliable, affordable, non-emitting power right away, there should be a much more all-of-the-above approach taken in Alberta, where we think renewable energy ought to be a more central pillar in that system,' said MacDougall. 'That's partly because renewables are much quicker to deploy and lower cost as well, and their costs are coming down every year as are the costs of battery and energy storage.' Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our daily newsletter, Posted, here.
National Post
an hour ago
- National Post
Alberta looks to develop nuclear power, will hold public consultations this fall
CALGARY — Alberta plans to hold public consultations this fall on adding nuclear power to the province's energy mix, Premier Danielle Smith said Monday. Article content There have long been discussions about building reactors in Alberta — including ones that could power oilsands operations — but the province is currently reliant on greenhouse-gas emitting natural gas for electricity. Article content Article content Article content Those conversations are to begin anew around September or October, when Chantelle de Jonge, parliamentary secretary for affordability and utilities, plans to hold nuclear consultation sessions. Article content Article content 'We want to talk to Albertans, because it's new for us,' Smith told reporters alongside Ontario Premier Doug Ford after the two flipped pancakes at the Alberta premier's annual Stampede breakfast. Article content 'It's not new for Ontario. Ontario gets 60 per cent of their power, I understand, on their grid from nuclear energy.' Article content Small modular reactors probably make the most sense at remote rural sites that are heavy energy users, the premier added. Article content 'Our oilsands projects are perfect for it, if you can get both the power and steam, power and heat.' Article content Small modular reactors, or SMRs, generate about one-third of the power of traditional nuclear plants and can be prefabricated elsewhere before being shipped to site. Article content Ontario Power Generation is building an SMR at its Darlington site east of Toronto, which would make it the first power company in North America to connect such a plant to the grid. There are plans to build three more SMR units there. Article content Article content Ford said SMRs don't themselves employ a lot of people when they're up and running, but they could enable tech giants like Amazon or Google to set up shop with electricity-hungry artificial intelligence data centres. Article content 'And that's where the jobs are created because they just suck an endless amount of energy, these data centres,' Ford told reporters. Article content 'So that's the way of the future. We're leading the world and we're gonna make sure we share that technology right across the country.' Article content At least one U.S. developer of SMRs has a keen eye on Alberta as a growth market. Article content 'We have designed a small modular reactor that is perfectly suited for Alberta,' Clay Sell, CEO of X-Energy Reactor Co., said in an interview last month. The problem with conventional reactors has been their complexity, he said on the sidelines of the Global Energy Show in Calgary. Article content 'If you ever get one built, you'll run it for the next 80 years, but they're hard to build and they're capital intensive to build,' Sell said.
Globe and Mail
an hour ago
- Globe and Mail
New Zealand Energy Corp. Provides Update on Private Placement and Shares for Debt
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2025) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") is pleased to announce that, further to its May 12, 2025, June 25, 2025, and July 3, 2025 news releases, Charlestown Energy Partners, LLC ("Charlestown") intends to participate in the previously announced non-brokered private placement of common shares of the Company (each a "Common Share") at a price of C$0.18 per Common Share for gross proceeds of up to C$3,000,000 (the "Offering"), and in that regard NZEC intends to settle the outstanding short term loan in the amount of C$300,000 owing to Charlestown through the issuance of 1,666,667 Common Shares at a deemed price of C$0.18 per Common Share, subject to approval of the TSX Venture Exchange ("TSXV"). The Common Shares issued in connection with the debt settlement will be subject to a hold period of four months from the date of closing. In addition, following the closing of the Offering, NZEC intends to issue the 1,000,000 Common Shares at a deemed price of C$0.18 per Common Share to Vliet Financing B.V. ("Vliet") in accordance with the agreement to terminate the outstanding loan, as previously announced on May 12, 2025 and June 25, 2025, subject to approval of the TSXV. Robert Bose, a director of the Company, is a principal of Charlestown. Vliet is a company controlled by Frank Jacobs, Chairman and a director of NZEC. The debt settlement and the termination of the outstanding loan would each be a related party transaction for the purposes of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 (the "Related Party Policies"). NZEC has determined that exemptions from the various requirements of the Related Party Policies are available in connection with the proposed debt settlement and termination of the outstanding loan (Formal Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value Not More Than $2,500,000). On behalf of the Board of Directors, "Michael Adams" CEO Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Information: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forward-looking information regarding: the business of the Company, including future plans and objectives, the Offering, the debt settlement and the termination of the Vliet loan. There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information. This forward-looking information reflects NZEC's current beliefs and is based on information currently available to NZEC and on assumptions NZEC believes are reasonable. These assumptions include, but are not limited to: TSX Venture Exchange approval of the debt settlement and the termination of the Vliet loan, the underlying value of NZEC and its Common Shares, NZEC's current and initial understanding and analysis of its projects and the development required for such projects; the costs of NZEC's projects; NZEC's general and administrative costs remaining constant; and the market acceptance of NZEC's business strategy. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of NZEC to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; industry condition; volatility of commodity prices; imprecision of reserve estimates; environmental risks; operational risks in exploration and development; general capital market conditions and market prices for securities; delay or failure to receive board or regulatory approvals; the actual results of future operations; competition; changes in legislation, including environmental legislation, affecting NZEC; the timing and availability of external financing on acceptable terms; and lack of qualified, skilled labour or loss of key individuals. A description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in NZEC's disclosure documents on the SEDAR+ website at Although NZEC has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the foregoing list of factors is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of NZEC as of the date of this news release and, accordingly, is subject to change after such date. However, NZEC expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law
