I think rightfully so. Most procurement across Canada is really focused on what can be done cost-effectively to increase the production in our grids. While we have some nuclear-based power as part of our non-emitting current electricity grid, when we're looking at these kinds of numbers about how wind and solar are coming in on a pure cost level—a cost of energy basis—we did studies in both Ontario and Alberta as early as 2023, finding in Canada, as in the rest of the world, that these are increasingly becoming the lowest-cost source of power. That's why, as battery costs come down, we're really seeing those come out ahead in the number of procurements in both Canada and globally as the lowest-cost way to produce power.
Nuclear energy does provide an important baseload already in Canada, but in terms of new projects has generally not been found to meet that same cost threshold. Things like SMRs are being tested in Canada, and nuclear has been foreseen by the International Energy Agency, as well as others, as providing some small part of the power we're going to need out to 2050. However, on a pure cost basis, they're really estimating how we would see renewables take over that global lion's share and use technologies like batteries to provide stable power.
