Energy Transition Risks
Transition risks are business-related risks that will occur as society moves towards a lower carbon economy. For example, some sectors of the economy could face never-before-seen efficiencies and growth opportunities, and other sectors could face much higher costs of doing business, including declining market share. Most organizations will fall somewhere in between and face a combination of increased costs and opportunities.
Matrix is currently supporting our clients to develop and implement their strategies as they transition towards a lower carbon economy, often considering technologies for which regulatory frameworks are not yet established.
Examples of our planning, permitting and feasibility assessment services for transition projects include:
- Wind, solar, and hydro power generation (and integrated battery energy storage systems)
- Lithium reserve characterization and facility planning
- Production, distribution, and storage of hydrogen, ammonia, and methanol
- Carbon capture, utilization, and storage facilities (including transportation networks)
Related Projects
12 Street Southeast Bridge Replacement Hydrotechnical Engineering and Environmental Services
The original 12 Street Southeast Bridge was constructed in 1908 to carry horse and buggy, as well as pedestrians, to St. George’s Island. Over the next 100+ years, the bridge became an important connector link for vehicles and pedestrians.
Fish Habitat Offsetting for 12 Street Southeast Bridge Replacement
The City of Calgary required a Fisheries and Oceans Canada (DFO) offsetting plan to offset the unavoidable aquatic effects from the temporary instream berms for the 12 Street Southeast Bridge Replacement Project.
Travers Solar Project environmental assessment, permitting, and construction support
In 2017, Travers 2 Solar LP retained Matrix Solutions to support the environmental components of the Travers Solar Project in Vulcan County, Alberta. The project is being developed on approximately 1,350 hectares of agricultural land and will have a capacity of up to 465 MWac once fully operational (expected by end of 2022).