Earlier this month, my company, Anbaric, announced a new partnership with the Ontario Teachers’ Pension Plan that enables funding to create up to $2 billion in renewable energy transmission and microgrid projects.
At first glance, we make an unusual team – a transmission company and a reputable institutional investor with $171 billion in assets. But when you consider the realities of North America’s energy future, the investment makes abundant sense. Energy from a variety of sources – particularly wind, hydro, and solar – needs to come in greater quantities and our outdated legacy grid isn’t ready to take the newly generated power to customers. We’re on the cusp of a power revolution, one that will only be possible with an overhaul of our energy transmission infrastructure built by innovative partnerships with patient and responsible investors. A smarter, efficient, and inclusive grid is our destiny.