Ontario program to cover up to 70 per cent of industrial energy efficiency projects
Back in early March I wrote about this industrial efficiency program being in the works, but the Ontario government officially announced it today. The five-year Industrial Accelerator program, designed and managed by the Ontario Power Authority, offers the following:
This is one of the smartest programs, in my view, that the Ontario government has launched. It targets the 45 largest industrial companies connected directly to the transmission system. It helps these big businesses become more energy efficiency, more competitive globally, and it helps them cope with higher electricity rates as the province renews its power system. While hundreds of millions of dollars will be devoted to this program, reducing several hundred megawatts of electricity demand from the grid will be far cheaper than building new generation to accommodate an inefficient industrial base.
This is an important initiative in Ontario, even if it’s not as sexy as solar and wind.