"Company president-CEO Alan Coutts further added they won't process Ring of Fire chromite ore in Ontario - or Canada for that matter - unless his company can secure a favourable power rate from Queen's Park....When fully built out, the proposed plant’s four electric arc furnaces will draw 300 megawatts of power..."
So we all have heard that each year Ontario is "dumping" excess power derived from clean energy sources to the US at huge annual losses. " in 2016, the province wasted a total of 7.6 terawatt-hours (TWh) of clean electricity – an amount equal to powering more than 760,000 homes for one year, or a value in excess of $1 billion. " ( https://blog.ospe.on.ca/featured/ontario-wasted-more-than-1-billion-worth-of-clean-energy-in-2016-enough-to-power-760000-homes/ )
7.6 terawatt-hours (TWh) =7, 600, 000 megawatt-hours /year
/ (24 hours/day x365 days/year) =867 megatwatts
So, that's the equivalent of 867 megawatts of energy being sold at a discount 24hours per day for 365 hours per year.
Now obviously , due to the fluctuations of energy production by solar and wind, all of that energy (867 mw) is not 100% available 24 hours per day , but on average there should be more than enough energy avaialble through the avaialble grid in any given region, to contribute a large share of the needed 300mw , non?
A few questions that I have is at what cost are the Amercicans buying our excess clean-energy derived power,and would that rate be competitive to that which Canadian companies such as Noront would be seeking? What country derives carbon tax credits for that power (the producer or the buyer)?, and if those contracts are cost- competitive for Canadian companies, have they been entered into (with the USA) on a long-term basis and with break-fees/clauses that are prohibitive or not?
Cheers,
Luker