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Natural Resources committee Thank you for your question. Geothermal is a very interesting renewable energy source. It has a very high capacity factor—like nuclear energy—of 95%. Because we don't yet have a geothermal plant in operation in Canada, the cost may be a bit higher than other renewable energy technologies, but that cost would be offset over the life of the plant because of the very high capacity factor.
May 9th, 2024Committee meeting
Michael Paunescu
Natural Resources committee It's 4% to 5%, depending on the length of the line.
May 9th, 2024Committee meeting
Michael Paunescu
Natural Resources committee I can't say if it's 1,000 [Inaudible—Editor] the line.
May 9th, 2024Committee meeting
Michael Paunescu
Natural Resources committee Yes, it is correct.
May 9th, 2024Committee meeting
Michael Paunescu
Natural Resources committee I believe 8% is really the very high end of transmission line losses. It's more like 4% to 5%.
May 9th, 2024Committee meeting
Michael Paunescu
Natural Resources committee Thanks for the question. There are a number of recent studies putting the number in the range of $1 trillion to $2 trillion by 2050, split between generation, transmission and distribution assets.
May 9th, 2024Committee meeting
Michael Paunescu
Natural Resources committee It's $1 trillion to $2 trillion. It's a range.
May 9th, 2024Committee meeting
Michael Paunescu