Anova Energy Inc

Alberta: A Leader in Carbon Capture & Storage (CCS) 🌿 Alberta is set to lead Canada in carbon capture thanks to its ideal geography, strong policies, and energy expertise. With 79,000 megatonnes of underground storage capacity, the province is attracting significant investment. 🔹 New Projects: Two CCS projects approved in August 2024 (Shell & ATCO, Entropy Inc.) will capture 810,000 tonnes of CO2 annually, equal to taking 200,000 cars off the road. 🔹 Supportive Policies: Alberta’s TIER regulation and federal tax credits make CCS financially viable, further driving growth and innovation in emissions reduction. TIER's ability to generate carbon credits makes it appealing for companies considering CCS. As investment in CCS grows, Alberta continues to lead the way, creating a sustainable path for Canada's energy future. 🚀🌍

Alberta’s Energy Sector: Powering Canada’s Economy 💡 📈We are excited to share key insights from the latest Energy Fact Book 2024-2025 by the Canadian Centre for Energy Information, highlighting Alberta's crucial role in Canada’s energy landscape: 🔹 Economic Contribution: Alberta’s energy sector generated $119.2 billion in GDP in 2023, making up 54% of Canada’s total energy sector GDP. This underscores the province’s strength in oil, natural gas, and renewables. 🔹 Production: Alberta produced 84.1% of Canada’s oil with 3.2 MMb/d from oil sands, and 65.6% of the country’s natural gas. 🔹 Investment: Capital expenditure reached $29.5 billion in 2023, reflecting a steady growth of 2% from the previous year. 🔹 Employment: The energy sector supports 150,744 direct and indirect jobs in Alberta, with the petroleum supply chain employing the majority at 54%. See the full report here: https://loom.ly/qLenLj0 At Anova Energy, we specialize in helping businesses navigate these dynamics by securing the most competitive electricity and natural gas rates. Whether you're looking to optimize costs or explore #renewable options, we have the insights and partnerships to guide your strategy. 📞Ready to discuss how we can add value to your energy strategy? Contact us today at [email protected] or 833-968-7674 f to get started.

💼 Canada Carbon Rebate for Small Businesses: Relief Is on the Way! 🌱 The Canadian federal government will distribute over $2.5 billion in carbon rebates to 600,000 small and medium-sized businesses by December n2024. This rebate (a refundable tax credit) returns a portion of carbon price revenue to businesses in provinces where the federal fuel charge applies. 📌 Key Details: 🔸Rebates cover the 2019-2023 fuel charge years and are calculated based on the number of employees in eligible provinces. 🔸No application required! The Canada Revenue Agency (CRA) will calculate and automatically issue payments to qualifying businesses. 🔸Businesses must have employed at least one worker in a designated province and had fewer than 500 employees to qualify. This financial support is crucial in helping small businesses offset carbon-related costs while contributing to a cleaner, more sustainable Canada.

🌐Alberta: A Growing Destination for Data Centres and Tech Innovation Alberta is positioning itself as a prime location for data centres, tapping into the growing global demand for cloud services and artificial intelligence. With tech giants looking for reliable power and large-scale infrastructure to fuel their data needs, #Alberta is emerging as a competitive destination. A delegation of Alberta cabinet ministers visited Silicon Valley to promote the province's unique advantages for data centre investment. Alberta stands out for its abundant natural #gas resources, advanced #carboncapture technology, cooler climate, and strategic location, making it an ideal hub for energy-intensive data centres and tech investment. As the global data centre boom continues, Alberta's mix of energy reliability, innovation, and strategic location puts it in a prime position to attract top-tier tech investments.

🌍 Natural Gas to Support Renewables: LNG Canada's Milestone 🌱 Canada is taking a big step forward in the global energy market! The Coastal GasLink pipeline has begun delivering #naturalgas to the #LNG Canada terminal this September, with first shipments expected in 2025. TC Energy is building the 670 km Coastal GasLink pipeline to transport natural gas from Dawson Creek, B.C. to LNG Canada's facility in Kitimat, where it will be converted to liquid for shipment to other markets, including Asia. This project will provide a reliable 24/7 energy supply, essential for powering the growing global demand for AI-driven data centers and other industries. As the world’s demand for LNG is set to rise by 50% by 2040, especially in Asia, Canada is positioned to become a key player in meeting these energy needs. #NaturalGas #LNGCanada #Sustainability #EnergyTransition #Renewables #AI #CanadaEnergy

🌱 Alberta Advances Carbon Reduction with Waste-to-Energy Initiative The Alberta government has announced $2.8 million in funding towards an innovative project that will convert municipal waste into clean electricity using carbon capture technology. This project, led by Varme Energy, will be located in Alberta’s Industrial Heartland and aims to begin operations by 2027. With landfills accounting for 23% of methane emissions in Canada, this initiative sets a new standard for reducing waste and #emissions while providing clean, reliable energy. Once operational, the facility is expected to capture and store 185,000 tonnes of CO2 annually, contributing to a cleaner and more sustainable energy future for Alberta. This is a great example of Alberta's leadership in carbon capture and sustainable energy solutions! Looking to know more about carbon tracking and carbon accounting? Anova Energy's renewable energy specialists can provide expert guidance on Renewable Energy Certificates and #CarbonOffsets that can help businesses achieve their #sustainability goals Receive a green energy consultation today by emailing [email protected] or make a request at the Anova Energy website: https://loom.ly/c8hRA4o

📉 The power prices are getting back to their historical equilibrium! The electricity prices for August 2024 were nearly 60% lower year-over-year compared to August 2023. Here’s a look at the average monthly pool price for the four major providers (ENMAX, EPCOR, FortisAlberta, ATCO Electric) across Alberta: 🔸 July 2023: 27.50 ¢/kWh → July 2024: 11.86 ¢/kWh 🔸 August 2023: 32.27 ¢/kWh → August 2024: 13.19 ¢/kWh ⚡The downward trend in Alberta’s power market began at the beginning of t 2024, signalling a substantial relief for consumers who faced high electricity costs over the past year. The stabilization of #naturalgas prices, increased power generation, government interventions, and market adjustments have collectively contributed to lowering electricity prices in the province. 💡Even though this downward trend signals a return to more stable and predictable energy costs, factors such as demand fluctuations and market conditions could still influence future pricing. Our account managers are able to provide customized quote pricing — contact us at [email protected] or make a request at https://loom.ly/JV5pFco for tailored energy solutions today! #AnovaEnergy #Alberta #MarketRegulation #powergeneration #electricityprices #energycosts #electricity

🌬️ Wind Generation Achieves New Milestones The wind energy sector has experienced remarkable growth over the past decade. To meet the goal of limiting global warming to 1.5°C, governments aim to triple #renewableenergy capacity by 2030, targeting 3 TW of wind power for net-zero emissions by 2050 as outlined at the United Nations climate summit (COP28). The Global Wind Energy Council's 2024 report highlights that global wind power reached 1 TW last year, with 100 GW of new onshore installations—a significant achievement, though 2 TW by 2030 remains a challenge. In Alberta, #windgeneration surged 63% in Q2 2024 compared to Q2 2023, averaging 1,571 MW (Source: MSA Quarterly Report for Q2 2024). Highlights include: April: 1,880 MW ( 61%) May: 1,439 MW ( 68%) June: 1,397 MW ( 59%) 🌿Notably, Alberta retired its last coal assets in Q2 2024, marking a historic shift to a coal-free electricity supply dominated by natural gas, wind, and solar power. Stay tuned with Anova Energy! #WindEnergy #RenewableEnergy #CoalFree #Sustainability #EnergyTransition #ClimateAction

Alberta Energy Market Summary: Q2 2023 vs. Q2 2024 review The Alberta power market saw significant changes between Q2 2023 and Q2 2024: 💠Pool Prices: A sharp decrease, with an average drop of 72% from $159.79/MWh in Q2 2023 to $45.17/MWh in Q2 2024. 💠Demand: Increased slightly by 2%, with an average demand rising from 9,293 MW to 9,523 MW. 💠Gas Prices: Plummeted by 52%, from $2.39/GJ to $1.14/GJ. 💠Wind Generation: Saw a notable increase of 63%, reaching an average of 1,571 MW. 💠Solar Generation: Grew by 21% during peak hours, reaching an average of 673 MW. Alberta's energy landscape is evolving with lower prices and higher renewable output. Stay informed on these impactful changes in Alberta's energy landscape with Anova Energy. #AlbertaEnergy #AnovaEnergy #PowerMarket #RenewableEnergy #EnergyUpdate #Electricity

Alberta forecasts exciting developments in the energy sector! The province is set to add 25,173 MW of new generation projects over the next four years. This includes: 🔺11,700 MW of solar 🔺4,248 MW of wind 🔺5,982 MW of storage 🔺3,243 MW of gas Now announced and applied for regulatory approval, these projects represent 84% of Alberta's current total operational capacity of 21,062 MW. This substantial increase highlights our province's commitment to expanding and diversifying its energy portfolio. Source: AESO Long-Term Adequacy Report, August 2024. Stay informed on these impactful changes in Alberta's energy landscape. #EnergyInnovation #AlbertaEnergy #SustainableGrowth #RenewableEnergy #MarketUpdate