Calgary has long been known as an energy city and today, is being recognized as a leader in the global energy transition. Alberta is Canada’s largest oil and natural gas producer. The province also boasts some of Canada’s best wind, solar, bioenergy and geothermal resources. Digital transformation (DX) is quickly becoming the largest driver of new solutions and technology investments by energy companies. It is forecasted that Calgary’s energy sector will spend $2.3 billion on DX between 2022 to 2024.

ABUNDANT NATURAL & RENEWABLE RESOURCES

Alberta is home to roughly 3/4 of Canada’s crude oil and natural gas production, and has the 3rd largest crude oil reserves in the world. More than 35% of Alberta’s land base has a wind resource considered viable for energy production, and Calgary is Canada’s sunniest major city, with 333 days of sunshine per year.   

The Province of Alberta has procured some of the cheapest wind power in Canada due to the abundance and quality of the renewable energy resource as well as the strong technical know-how by the province’s renewable energy companies. The largest solar farm in Canada is also under development and once built will power 100,000 homes with 400 MW of power from 1.5 million photovoltaic solar panels.

CED Website Illustrations EnergyTransition

Investing in digital transformation

The digital transformation (DX) spend in Alberta’s energy and environment sector is projected to be $5.8 billion by 2024. This represents 1/4 of Canada’s energy and environment (utilities, renewables, oil & gas, cleantech) DX investment. See how energy & environment is leading digital transformation on our DX spend dashboard.

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Calgary is an opportunity-rich city.

Our interactive investment map highlights the foreign direct investment (FDI) that has taken place in the Calgary area over the past 6 years.

Explore Investment in Calgary
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Cleantech

Cleantech could represent a $3.8 trillion economic opportunity globally by 2030 (ACTia, 2019). In 2019, Calgary was ranked one of the world’s top 15 cleantech ecosystems (Startup Genome, 2019) with more than 70% of Alberta’s cleantech head offices located in the city (ACTia, 2019). Emerging strengths in delivering innovation in oil and gas, electricity, food and agriculture, are improving the competitiveness of Alberta’s leading economic sectors and companies while exporting solutions to the world.

Industry-led innovation

Canada’s Oil Sands Innovation Alliance (COSIA) is an alliance of oil sands producers focused on collaborative action and innovation to accelerate the pace of improvement in environmental performance in Canada’s oil sands when it comes to greenhouse gases, land, water and tailings. Clean Resources Innovation Network (CRIN) is a group of forward-thinking oil and gas industry professionals, policy makers, financiers, academics and students focused on accelerating commercialization of technology to  produce clean hydrocarbons from source to end-use.

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Contact
staff+Chris Brown
Chris Brown

Business Development Manager, Energy & Environment

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