Yesterday, we announced a new commitment towards working with Aboriginal leaders and communities through cooperative joint ventures to develop and market community biomass combined heating and power (BioCHP) offerings to aboriginal residential customers and businesses as a solution for community utilities.
GRECʼs approach brings clear economic advantages to our Aboriginal partners and their communities. GREC, and by extension GREC Utility Development Partners, will provide utilities with cost-effective solutions that allow Aboriginal communities to participate in BioCHP while maintaining the utilityʼs ongoing operations under the control of Aboriginal leaders. Such Aboriginal community power take advantage of the economies of scale of community-sized projects, allow for more efficient utility generation and grid planning, and provide Aboriginal customers with a compelling BioCHP product that is not constrained by the physical attributes of their home and is portable if they move. Aboriginal community power is an attractive option for utilities that want to provide their customers with an alternative means of participating in renewable energy, whether they live in a single-family home, multi-unit building, or small-to-large scale town and village.
Along with marking a major shift in how Aboriginal residential and commercial customers can access BioCHP, the Aboriginal community power model plays extremely well into GRECʼs strengths and capabilities as a utility-scale provider by allowing this large market demand to be fulfilled through BioCHP generation facility installations. As our quest to become the market leader and innovator in Canadian off-grid remote communities, Aboriginal leaders and communities is the ideal collaborator of our entry into this industry segment.
Aboriginal community power marks a paradigm shift in how their residential and commercial customers can participate in heating and electricity generation by untethering an Aboriginal customerʼs participation and reliance on either partial or full government subsidies for unhealthy, unreliable, and high priced energy rates per kW that consume a large portion of each households overall income. Aboriginal customers participate BioCHP through community-scale BioCHP projects that leverage GRECʼs leadership and capabilities in BioCHP generation facility installations.
Click here to learn more about our Aboriginal commitment