Canada has world-leading clean power resources, and the Government of Canada understands that one of the most important ways to fight climate change is to harness these resources to power our homes, businesses and lives. Investing in clean energy projects, including geothermal energy, will invigorate local economies, drive job creation and curb pollution.
Canada’s Minister of Natural Resources, the Honourable Seamus O’Regan Jr., today announced nearly $40.5 million in federal investments for the Clarke Lake Geothermal Development Project, a wholly owned and Indigenous-led project that will develop one of the first commercially viable geothermal electricity production facilities in Canada.
Being developed in the existing Clarke Lake gas field in British Columbia, the Clarke Lake Geothermal Development Project will use the mid-grade geothermal heat resources in its reservoir to reduce emissions by displacing fossil fuels, while also demonstrating the value of geothermal energy as a viable clean energy technology for rural, Indigenous and northern communities.
Along with creating jobs and other economic opportunities for local community members, this project will provide capacity building and training to workers from other industries to help them transition into the renewable energy sector.
Although electricity generation will be the primary source of revenue, additional revenue opportunities could include the sale of waste heat generated by the plant. Excess heat from the facility could also power other activities in the local industries such as timber drying in the forestry sector and greenhouse food production in the agriculture sector.
As outlined in Canada’s strengthened climate plan, A Healthy Environment and a Healthy Economy, making Canada a world leader in clean power is a top priority. The government will continue to advance renewable energy projects, like the Clarke Lake Development Project, that increase the supply of lower-emitting power generation from coast to coast to coast.