Discovering Canada's next hot opportunity (Process West)
Canada possesses significant geothermal energy resources, primarily concentrated in the country’s western provinces and territories. Conventional geothermal resources, those often associated with volcanic activity, can be found throughout British Columbia and the Yukon. These are evidenced by the more than 150 known hot springs in Western Canada, which are surface manifestations of geothermal activity.
Our continental neighbors, the United States and Mexico, have harnessed these resources, producing the first and fourth largest amounts of geothermal power in the world, respectively. Yet no megawatts of geothermal power are currently being produced in Canada. This situation warrants question as geothermal power is internationally recognized as a renewable source of energy that operates 24/7, unlike wind and solar.
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