The Energy Transition: Here is what you need to know now.

What do lithium, the Rogers outage and a small city in Prince Edward Island have in common? They’re all part of the global energy transition movement that has Canada, along with the U.S. and European Union, committing to a net-zero electricity grid by 2035.  The United States just agreed to fund their climate mandate. This is exciting for the United States, and frankly Canada.

 Like many other countries in the Paris Agreement, levelling up Canada’s energy economy will be essential to achieving this target. As a result, the country’s energy transition industry is going to see a monumental boom in the next few decades. 

View fullsize

Three things to know right now: 

  1. We could face more outages if the electrical grid isn’t fixed

 Canada could see more disruptive events like the Rogers outage if the electrical grid isn’t adjusted to meet the growing demand on its power. To increase the grid’s capacity, Canada must rely heavily on wind and solar technology – a move that would also help accomplish its goal of net-zero electricity by 2035. This could offer a great opportunity for investors looking to help power the future of the Canadian economy. 

       2. Demand for electrical vehicles is skyrocketing but the planet may not have enough lithium to keep up. 

Demand for EVs is skyrocketing and they’re often considered the future of the automotive industry. There’s a key problem, though. Many are predicting that lithium, a key component in EV batteries, could be in short supply as early as 2025.

 E3 Lithium (TSX-V: ETL – Mkt. Cap. C$140.936 M) is a company to watch as it is working towards the production of lithium to help bridge this supply gap and power the coming electrical revolution. To learn more about this company and its projects, visit the Peterson Capital website. 

       3. This small Canadian city could be a blueprint for the rest of Canada to create an energy transition revolution

Instead of relying on imported energy supply, Summerside, PEI stands out as a champion in green energy initiatives. In addition to lithium battery production facilities and the highest per capita numbers of EVs in the country, Summerside is developing an 80-acre solar project that will go live at the end of this year. The goal? of Powering 65% of the city once fully operational. 

If successful, this project could provide a roadmap for other Canadian cities and position Canada as a leader in energy transition. Many companies across Canada like Peterson Capital client, UGE International, develop, own and operate solar projects to meet the needs of cities like this one. Click here to learn more. 

­­Another Peterson Capital client, Green Impact Partners (TSX-V: GIP – Mkt. Cap. C$150.220 M) has a $2 billion growth pipeline and a leadership team that has managed over $30 billion of projects, this clean tech company is well-positioned to provide long-term value.  Click here to learn more.

  Jesse Douglas, CEO, of Green Impact Partner stated: “With vast land, resources and capabilities in energy development, Canada is uniquely positioned to play a leading role in the global energy transition economy. We believe that recent development for Green Impact projects in Calgary, Colorado and Iowa are representative of the international role that Canadian companies can play in the building up the green energy sector.”     

What’s ne

Peterson Capital is hosting the Canada Growth Conference in September 2022, facilitating relationships between European investment advisors and innovative Canadian companies. For more information on the conference and the mutual benefits Europe and Canada can offer one another, follow us on LinkedIn.  

To visit with all of our premier clients Click Here and check out their valuable stories.

Rick Peterson 

Chair