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November 2, 2023
Funding will be catalyst for powering Ontario’s growth with clean energy
TORONTO, ON – Ontario Power Generation (OPG) welcomes the announcement of the Ontario Infrastructure Bank (OIB) in today’s Fall Economic Statement. The new agency will help advance the development of clean energy projects across the province.
As the province’s largest generator, OPG and its subsidiaries are leading the development of clean technologies and decarbonization initiatives. This includes building North America’s first fleet of small modular reactors (SMRs) at the Darlington New Nuclear site. The company is also examining new hydroelectric opportunities that would benefit Indigenous and northern economies. And its subsidiary, Atura Power is at the forefront of hydrogen development in Ontario.
“By prioritizing energy infrastructure, the OIB will be critical as Ontario embarks on the most consequential period of growth for the electricity sector in a century,” said OPG President and CEO, Ken Hartwick. “Decarbonizing the economy through clean energy projects, with the inclusion and participation of Indigenous communities, will create better jobs and prosperity for all.”
As one of North America’s largest, most diverse electricity generators, OPG invests in local economies and employs thousands of people across Ontario and the US. OPG and its family of companies are leading the development of new clean technologies, refurbishment of existing assets, and electrification initiatives to power the growing demand of a clean economy for decades to come. Learn more about how the company is advancing these initiatives while prioritizing people, partnerships, and strong communities by reading OPG’s Climate Change Plan, Reconciliation Action Plan, and Equity, Diversity, and Inclusion (ED&I) strategy.
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For further information, please contact:
OPG Media Relations
416-592-4008 or 1-877-592-4008
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