With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.
Issue link: http://digital.canadawide.com/i/1501233
BC Hydro aims to reduce greenhouse gas emissions in the province by 900,000 tonnes per year by 2026 and is supporting businesses to electrify their operations in BC with a range of funding and incentives. THE HOME OF CLEAN ENERGY British Columbia has an advantage when it comes to electri- fication. The province's rich natural resources and abundant freshwater assets allow BC Hydro to generate and deliver reliable, renewable electricity at one of the lowest rates in North America, keeping costs low for businesses. As a result, organizations with strong ESG commitments are gravitating towards the province to take advantage of the myriad of benefits that British Columbia and BC Hydro have to offer. By growing electrification in the province, BC Hydro is fostering innovation and diversification of B.C.'s industrial hydroelectric load. With a robust transportation and telecommunications infra- structure, available capacity, and a selection of available industrial sites, B.C. is an attractive proposition for both new and existing businesses looking to choose clean power over fossil fuels. BC HYDRO: A CLEAN ENERGY PARTNER FOR BUSINESSES BC Hydro supports businesses in electrifying their operations in the province, offering advice, guidance and incentives to help meet and exceed their ESG commitments. Businesses may be able to take advantage of purpose-built, discounted industrial rates that help to reduce ongoing operational costs. 1 The Fuel Switching Rate (Rate Schedule 1895) encourages businesses to choose electricity over fossil fuels and is available to both new and existing customers in B.C. working to reduce their greenhouse gas emissions. 2 For new and existing businesses in the province, the Clean Industry and Innovation Rate (Rate Schedule 1894) has a particu- lar focus on new operations that: remove greenhouse gases from the atmosphere or produce a renewable or low-carbon fuel; or a data centre composed of networked computers and data storage used to organize, process, store, and disseminate large amounts of data 1 To further support businesses on their electrification journey, BC Hydro is offering a dedicated pool of CAD$120 million in fund- ing available through 2026. Funding is available for industrial Learn more at choose.bchydro.com 1 THE CLEAN INDUSTRY AND INNOVATION RATE IS NOT AVAILABLE TO PROJECTS THAT PRODUCE OR EXCHANGE CRYPTOCURRENCY. Award-winning Mount Pleasant Substation in Metro Vancouver * FOR ELIGIBLE BUSINESSES WHY ELECTRIFY IN BRITISH COLUMBIA? Discounted industrial rates* Available power $120M in funding for business Pre-qualified industrial sites fuel switching projects in B.C., including but not limited to district energy, transportation, buildings, and industrial fleet con- versions. For instance, the funding to Copper Mountain Mining supported their haul truck trolley assist project, which enabled hybrid mining trucks to be powered by electricity instead of diesel for a portion of their operation. Meanwhile, Barkerville Gold Mine will use funding to build a fully electric underground mine and processing plant. Electrification funding is also available to help reduce setup and project costs for innovative businesses, including those in the clean tech and high-tech sectors interested in establishing operations in the province. Siting is among the most important considerations when locating a new operation. To help customers get established, BC Hydro offers support to connect businesses looking for a suitable base of operations in the province to property owners. BC Hydro is continually updating its registry of industrial properties avail- able for new energy-intensive operations. CLEAN POWER FOR GENERATIONS Businesses must reduce their reliance on fossil fuels to power buildings, transportation and industry. British Columbia is fortu- nate to have access to a crucial part of the solution: water. By supporting businesses in electrifying their operations, BC Hydro is laying the groundwork for a cleaner, more sustainable economy in BC for generations to come—a future powered by water. For more information about rates, incentives and available sites, scan the QR code and visit choose.bchydro.com or contact BC Hydro at bizdev@bchydro.com. Helping industrial site owners find new users BC Hydro actively works with its partners and other property owners to identify and recruit suitable industrial sites with available land, electrical infrastructure, and transmission capacity. By regis- tering an under-utilized industrial site with BC Hydro, site owners can be matched quicker to new end-users and generate new business opportunities. To find or register an available site, visit choose.bchydro.com/ find-industrial-site Created by the Canada Wide Media Advertising Department in partnership with BC Hydro