PARRY SOUND, ON- Ottawa is putting money towards grid improvements for Parry Sound.
According to an announcement by MP Paul Lefebvre, who was acting on behalf of Minister Amarjeet Sohi, a total of $2.9 million is going towards Bracebridge Generation Ltd.’s Smart Proactive Enabled Energy Distribution Intelligently Efficiently Responsive (SPEEDIER) smart grid project.
The project is aimed at enabling the town to generate as much energy as it consumes, which would make it one of the first “net-zero” communities in Canada.
“This investment will increase electricity grid reliability, defer costly upgrades, make better use of existing assets, help speed the adoption of electric vehicles and give residents greater control over how they use energy,” read the announcement.
“This project will help the community significantly reduce its greenhouse gas emissions by 2030 and create jobs in an innovative and transformative field.”
The federal funding is part of the government’s Investing in Canada infrastructure plan.
“Lakeland believes that innovation in the electricity sector is the way of the future,” said Chris Litschko, the chief executive officer for Lakeland Holding Ltd and Bracebridge Generation Ltd.
“Our SPEEDIER project, in conjunction with our partners and support by NRCan, is proof of this important transition. We look forward to implementing a successful SPEEDIER project and with lessons learned rolling out this initiative elsewhere.”
The MyParrySoundNow.com newsroom has put in a request for a start date on the project’s construction.