BOSTON, MA, Aug. 28, 2016
/PRNewswire/ - Hydro-Québec Vice-President of Corporate Affairs and
Secretary General CEO Éric Martel announced today that Hydro-Québec
will provide a total of CA$100,000 over a two-year period to a
research initiative spearheaded by the Massachusetts Institute of Technology (MIT) of Cambridge,
Massachusetts, the climate change think tank, Ouranos,
located in Montréal, and the business school HEC Montréal (HEC),
also in Montreal.
The agreement provides for the development and implementation of
an important modelling tool that will be available for climate
change researchers. The tool will focus on Québec and New England
and will seek to identify opportunities for optimal expansion of
renewable energy sources in the two regions, including expanded
trade in electricity.
The three research organizations held a signing ceremony in
Boston in presence of the Premier
of Québec, Philippe Couillard, who
is attending the 40th Annual Conference of New
England Governors and Eastern Canadian Premiers.
"Hydro-Québec is pleased to be a part of the development of an
integrated renewable energy policy model that would help inform
decision-makers on both sides of the border, expand the regional,
cross-border trade in clean electricity, and reduce greenhouse gas
emissions across the continental northeast and ultimately
North America." said Éric Martel,
CEO of Hydro-Québec. "Massachusetts has continuously shown
leadership on climate issues and establishing closer ties with
MIT, known worldwide for the quality of
its research, really highlights the know-how of both Ouranos and
HEC, two leading Québec institutions in the field of energy and
climate change."
Within the context of Hydro-Québec's international strategy,
cooperation with these research centers will help the company
advance its robust R&D agenda on the regional and global
levels.
Hydro-Québec delivers reliable electric power and high-quality
services. By developing hydraulic
resources, it makes a strong contribution to
collective wealth and plays a central role in the emergence of a
low-carbon economy. As recognized leaders in hydropower and large
transmission systems, the company export clean, renewable
power and commercialize its expertise and innovations on
world markets.
SOURCE Hydro-Québec