MARKETS
A future driven by clean energy
SWITCH Power is targeting both specific geographical and sectoral markets based on market fundamentals, scale of opportunity, embedded counterparty value proposition and barriers to entry. Each market is strategic to our business model and development plan, distinct in particular design, regulation and structure, yet they all have commonalities: an opportunity to provide meaningful supply of electricity and ancillary benefits to meet the objectives of our stakeholders.
GEOGRAPHICAL MARKETS
SWITCH is focused on the Canadian Market, however, we regularly engage in opportunities in varying global markets through utility procurement programs (energy auctions, etc.) and with channel technology partners. We engage with counterparties in the mining sector on specific assets within their global portfolio, or on C&I opportunities, by leveraging counterparty relationships.
Commercial and Industrial
High load and energy consuming customers with specific facilities or portfolios of assets with electricity needs
Physical Behind the Meter
SWITCH provides a physical supply of electricity behind the meter with varying project configurations aligned with counterparty objectives. These range from rooftop solar projects, to supply from a nearby hybrid facility (wind/solar/battery), or varying types of on-site gas generation technologies. The use of energy storage, energy management and market software platforms are incorporated where ancillary services can increase the value proposition beyond a low cost, stable and reliable electricity supply.
Virtual
SWITCH provides opportunities subject to market specific provisions, through non-physical supply, where clients wish to secure sustainable power generation, based on a lower Levelized Cost of Electricity (LCOE) and through renewable technologies to generate environmental attributes such as Green House Gas (GHG) Offsets and Renewable Energy Credits (RECs).
Communities
Municipal
SWITCH works with municipalities and communities to develop community based sustainable power projects leveraging wind and solar resources. These are structured as both co-development and joint venture projects, where projects are developed through shared in kind and capital contribution with varying offtake possibilities, or structured through offtake agreements where the community is looking to procure its own commercial electricity supply. These are procured as either micro-grids or through grid connectivity, depending on each specific project or community.
Remote
SWITCH works with remote communities, Indigenous communities, regional development corporations, and local utilities to supplement diesel use with sustainable power generation technologies in remote and off-grid communities. Typically, electricity generation in such communities is subject to supply risk, volatility, and is up to 30 times more expensive than the average grid connected community. SWITCH works with these stakeholders to identify development opportunities to penetrate diesel supply with renewable technologies, while maintaining the reliability of base load and lowering the cost of delivered electricity. We are committed to ensuring capacity building, training, education and employment in these communities, and are flexible to a variety of ownership and commercial structures.
Governments and Utilities
Governments at municipal, state/provincial, and federal levels across the globe face the challenges of climate change and the pressure to create policy addressing how electricity is generated, managed, and consumed. Utilities and grid operators are changing their electricity generation asset mix in response to aging infrastructure, coal phase outs, and the emergence of energy storage technologies. As a result, cost effective and reliable generation technologies, such as distributed energy systems, are in demand to better manage, optimize, and support evolving grid and customer requirements.
SWITCH looks to deploy projects and capital in utility markets with low regulatory or political risk, line of sight on offtake and commercial opportunities, and/or strong risk adjusted returns. Depending on the market, we typically support development and deployment through strong development partnerships, with our trusted technology and supply chain relationships, and/or capital, co-investment or sponsor equity partnerships.
Mines
The resource extraction industry around the world is turning to renewable energy for both operational energy savings and in response to demands by governments and Indigenous communities for higher levels of environmental sustainability. Mines are also having to process lower grades of ore with greater levels of energy. In tough commodity cycles, there is an equal significance on lowering the operating cost of a mine. Faced with these issues, the mining industry is embracing the use of storage and renewable solutions to improve the thermal performance of their diesel fleets and to directly reduce the amount of diesel that a mine needs to generate electricity.
GEOGRAPHICAL MARKETS
SWITCH is focused on the Canadian Market, however we are regularly engage in opportunities in varying global markets through utility procurement programs (energy auctions, etc.) and with channel technology partners. We engage with counterparties in the mining sector on specific assets within their global portfolio, or on C&I opportunities, by leveraging counterparty relationships.
Commercial and Industrial
High load and energy consuming customers with specific facilities or portfolios of assets with electricity needs
Physical Behind the Meter
SWITCH provides a physical supply of electricity behind the meter with varying project configurations aligned with counterparty objectives. These range from rooftop solar projects, to supply from a nearby hybrid facility (wind/solar/battery), or varying types of on-site gas generation technologies. The use of energy storage, energy management and market software platforms are incorporated where ancillary services can increase the value proposition beyond a low cost, stable and reliable electricity supply.
Virtual
SWITCH provides opportunities subject to market specific provisions, through non-physical supply, where clients wish to secure sustainable power generation, based on a lower Levelized Cost of Electricity (LCOE) and through renewable technologies to generate environmental attributes such as Green House Gas (GHG) Offsets and Renewable Energy Credits (RECs).
Communities
Municipal
SWITCH works with municipalities and communities to develop community based sustainable power projects leveraging wind and solar resources. These are structured as both co-development and joint venture projects, where projects are developed through shared in kind and capital contribution with varying offtake possibilities, or structured through offtake agreements where the community is looking to procure its own commercial electricity supply. These are procured as either micro-grids or through grid connectivity, depending on each specific project or community.
Remote
SWITCH works with remote communities, Indigenous communities, regional development corporations, and local utilities to supplement diesel use with sustainable power generation technologies in remote and off-grid communities. Typically, electricity generation in such communities is subject to supply risk, volatility, and is up to 30 times more expensive than the average grid connected community. SWITCH works with these stakeholders to identify development opportunities to penetrate diesel supply with renewable technologies, while maintaining the reliability of base load and lowering the cost of delivered electricity. We are committed to ensuring capacity building, training, education and employment in these communities, and are flexible to a variety of ownership and commercial structures.
Governments and Utilities
Governments at municipal, state/provincial, and federal levels across the globe face the challenges of climate change and the pressure to create policy addressing how electricity is generated, managed, and consumed. Utilities and grid operators are changing their electricity generation asset mix in response to aging infrastructure, coal phase outs, and the emergence of energy storage technologies. As a result, cost effective and reliable generation technologies, such as distributed energy systems, are in demand to better manage, optimize, and support evolving grid and customer requirements.
SWITCH looks to deploy projects and capital in utility markets with low regulatory or political risk, line of sight on offtake and commercial opportunities, and/or strong risk adjusted returns. Depending on the market, we typically support development and deployment through strong development partnerships, with our trusted technology and supply chain relationships, and/or capital, co-investment or sponsor equity partnerships.
Mines
The resource extraction industry around the world is turning to renewable energy for both operational energy savings and in response to demands by governments and Indigenous communities for higher levels of environmental sustainability. Mines are also having to process lower grades of ore with greater levels of energy. In tough commodity cycles, there is an equal significance on lowering the operating cost of a mine. Faced with these issues, the mining industry is embracing the use of storage and renewable solutions to improve the thermal performance of their diesel fleets and to directly reduce the amount of diesel that a mine needs to generate electricity.