Renewable energy & electricity industry in Calgary
Alberta is responding to the world’s growing demand for affordable, renewable and environmentally friendly energy, and Calgary is playing an increasing role in this sector as it develops.
Calgary’s Sustainable and Renewable Energy (SURE) sector is unique. Calgary is a leading global energy centre, but its strength in energy has been built upon the province’s vast hydrocarbon resourced. Few, if any, other cities or regions in the world can match the breadth and depth of Alberta’s significant oil, bitumen, natural gas and coal sectors. Much of Calgary’s SURE sector has developed around technologies to ensure these resources are produced in the most environmentally-responsible manner.
Globally, markets for renewable energy through wind, solar, hydro, thermal and biomass sources are expanding at a tremendous rate and Calgary’s SURE sector is also experiencing strong growth in these categories. Calgary is well-equipped to support firms that are developing and commercializing new clean technology through a combination of human, financial, knowledge-based and environmental resources. Alberta’s oil and gas industry has the need and the desire to develop solutions to meet environmental challenges. Announcements of planned investments are increasing in Calgary’s SURE sector, focusing on areas including smart grid technology, district heat, cogeneration, biofuel and hydro power.
In addition to the talent employed in the SURE sector, the University of Calgary houses the Institute for Sustainable Energy, Environment and Economy (ISEEE), which undertakes world-class interdisciplinary research, innovation and education. ISEEE focuses on creating secure, competitive energy supplies for a clean environment and a strong economy.
Calgary’s SURE Cluster, managed by Calgary Economic Development, brings together local companies in the sustainable and renewable energy sector to highlight the breadth and depth of innovation and to share knowledge and best practices.
Calgary has a strong track record in the SURE sector. Assets unique to Calgary and Alberta have helped SURE sector firms develop new technologies and expand in new markets. These assets give Calgary-based firms a competitive advantage in this emerging field.
As opportunities continue to open, Calgary is growing as a leading centre for sustainable and renewable technology, including carbon capture and storage and CO2 air capture.