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Saturday, Dec 3, 2022
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Alternative Energy

Government of Canada invests $500K in cleantech electrical grid solution

This investment in clean electricity showcases Canada’s commitment to fighting climate change

electrical grid
Photo by dhahi alsaeedi via Unsplash

Jonathan Wilkinson, Minister of Natural Resources Canada, announced a CAD$500K investment in Opus One Solutions from GE Digital today as part of its commitment to achieving a clean electrical grid.

Opus One Solutions is a software engineering company working in energy planning, operations and market management. It uses an advanced analytics software platform called GridOS. It also contributed $600K to the project, making the total project cost to $1.1 million.

“The Government of Canada is committed to achieving a net-zero electricity grid by 2035. Supporting Canadian companies like Opus One, which are tackling the challenges of a 21st-century electricity grid through their innovative software platform, helps to both advance this ambitious goal and to support sustainable jobs and clean economic growth,” said Wilkinson.

GridOS helps utilities optimize their distribution systems by creating a digital twin of the grid. This way utilities can optimize two-way power flows. It can also use GridOS modules to build cost effective distribution system plans, deliver energy management and buy and sell in energy markets.

Read more: Clean’ technology company brings its hybrid diesel-electric products to market

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Investment in a clean electrical grid

The investments also assisted with Opus One DERMS, which helps provide utilities with a more comprehensive solution for handling distributed energy resources (DERs) connected to the grid. The software also provides real-time monitoring and dispatch integration of DERs to keep the grid reliable, affordable, and sustainable.

“Innovation is key to putting the world on an accelerated path toward decarbonization, and our partnership with a leader like the Government of Canada is key to driving transformation change. We are honoured to have received the support and investment from Natural Resources Canada to help Opus One Solutions from GE Digital continue to engineer tools to accelerate the transition of the electricity grid to net zero,” said Kimberly Helm, general manager of Opus One Solutions from GE Digital.

The project promotes the introduction of clean energy technologies onto the electrical grid. It also introduces the government to options that help Canada meet its climate change targets. This is accomplished through select investments in research, development and demonstration projects. The project received funding from Natural Resource Canada’s Energy Innovation Program

 

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