---
title: "The ingenuity effect by BBA | The transition to renewable energy is more accessible than ever, and it’s not just about environmental benefits"
date: 2023-04-10T11:05:00-04:00
author: jessica napert
canonical_url: "https://www.bbaconsultants.com/es-cl/publications/the-transition-to-renewable-energy-is-more-accessible-than-ever-and-its-not-just-about-environmental-benefits"
section: Publications
---
1. When it comes to decarbonizing industries, using renewable energy is quickly becoming a given. With the growing popularity of wind, solar and biomass energy, as well as hydroelectricity, and the gradual withdrawal from fossil fuels (natural gas, coal, diesel, etc.), a new energy ecosystem is developing, leading to abundant market opportunities.
    
    Energy storage technologies, such as batteries or pumped storage hydropower plants, are making this transition easier by stabilizing power systems and reducing the constraints of renewable energy intermittency.
    
    But the road to integrating more renewables into your operations can be bumpy. They must be reliable, cost-effective and environmentally responsible. This means looking at all the attributes that existing assets have to offer and making sure the project incorporates its physical and economic settings.
    
    ### So how do you optimize the process to integrate renewable energy?
    
    Francois Vitez, Vice-President, Power and Renewable Markets says, “First, you need to answer two questions:
    
    
    1. What are the power system and user needs?
    2. What energy resources are available?
    
    Power system needs become a source of revenue for developers of renewable energy projects. Market rules are evolving to encourage the flexibility that’s increasingly required to support intermittent energy sources like wind and solar. A thorough understanding of this market, which is constantly changing, is essential to developing a business plan that will justify the required investments and project viability.”
    
    After shareholders have approved the project, it needs to go through the various stages of permits, environmental assessments and funding applications. Only then can you start implementing the project, which can take several years.
    
    Although the process is long, the environmental and economic benefits are substantial. For off-grid industrial companies, like many mines in Canada, the revenue streams that come from switching to renewable energy are primarily driven by three sources:
    
    
    - A reduction in fossil fuel consumption and related costs (avoided costs)
    - Improved ESG and therefore higher share values
    - The leveraging of CO2 emission reductions through various carbon market mechanisms and the growing number of tax incentives
    
    Our societies have all the technical and financial solutions to ensure a transition to a hydrocarbon-free economy. The latest IPCC report has stressed the urgency of taking ambitious measures to counter global warming. For industrial players, these include using a renewable energy mix.
2. 
 
This content is for general information purposes only. All rights reserved ©BBA

 

    1. ![Francois Vitez](https://www.assets.bbaconsultants.com/bba-production-assets/production/images/avatars/_size_avatar/184601/Francois_Vitez.webp)   
    
     François Vitez, Ing.
    
    Vicepresidente de Mercado Eléctrico y Energías Renovables
    
         Leer bio   [  ](https://www.linkedin.com/in/francois-vitez/)  **Con más de 30 años de experiencia trabajando con líderes del sector eléctrico,** François Vitez combina conocimientos técnicos y visión de mercado para apoyar la planificación y modernización del sistema eléctrico.
    
    **Áreas de especialización y certificaciones**
    
    
    - Sistemas eléctricos: desde la generación a la distribución
    - Estrategia y desarrollo del mercado de la energía
    - Energía hidroeléctrica y almacenamiento de energía (almacenamiento por bombeo)
    - Modernización del sistema eléctrico y tecnologías avanzadas
    - Ingeniero, miembro del EGBC y de la OIQ
    
    **Principales logros:** Ejecución de más de 15 proyectos de infraestructuras energéticas en modalidad EPC/EPCM en Canadá y en el extranjero. Más de 50 estudios y proyectos energéticos en fase de desarrollo y reacondicionamiento.
    
    **Enfoque y valor añadido:** François ofrece una visión clara y realista de los sistemas de energía, conectando estrategia, técnica y decisiones comerciales para ayudar a avanzar en los proyectos con confianza.
 
 

       

  

  

 

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     Ensuring sustainability by tackling the climate crisis 
    
     
    
     
    
    
    - ![Dave Olsthoorn](https://www.assets.bbaconsultants.com/bba-production-assets/production/images/avatars/_size_avatar/146851/DaveOlsthoorn.webp)
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- [  18 may 2023 Energía Eléctrica y Renovables  
    
     
    
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         Marc-André Perron, P.Eng.
        
        Director, Management - Digital Power Systems
     
       
    
     
    
      ](https://www.bbaconsultants.com/es-cl/publications/knowledge-as-a-catalyst-digital-power-systems-take-hold-in-industry "Knowledge as a catalyst: digital power systems take hold in industry")
- [  15 mar 2023 Energía Eléctrica y Renovables  
    
     
    
     Energy efficiency can generate substantial savings. So, where should we start? 
    
     
    
     
    
    
    - ![Nicholas Allen](https://www.assets.bbaconsultants.com/bba-production-assets/production/images/avatars/_size_avatar/3313/Nicholas-Allen.webp)
    - ![Ec employee men alexandre rousseau retouch web SQ LR BBA](https://www.assets.bbaconsultants.com/bba-production-assets/production/images/avatars/_size_avatar/204275/ec_employee_men_alexandre-rousseau_retouch_web_SQ_LR_BBA.webp)
     
       
    
     
    
      ](https://www.bbaconsultants.com/es-cl/publications/energy-efficiency-can-generate-substantial-savings-so-where-should-we-start "Energy efficiency can generate substantial savings. So, where should we start?")
- [  25 ene 2023 Energía Eléctrica y Renovables  
    
     
    
     Digital technology helps industrial companies rebuild trust 
    
     
    
     
    
    
    - ![3318 Jean Francois Beaulieu](https://www.assets.bbaconsultants.com/bba-production-assets/production/images/avatars/_size_avatar/191591/3318_Jean_Francois_Beaulieu.webp)   
        
         Jean-François Beaulieu
        
        Director, Digital Consultant
     
       
    
     
    
      ](https://www.bbaconsultants.com/es-cl/publications/digital-technology-helps-industrial-companies-rebuild-trust "Digital technology helps industrial companies rebuild trust")
 
 

       

 

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 1. When it comes to decarbonizing industries, using renewable energy is quickly becoming a given. With the growing popularity of wind, solar and biomass energy, as well as hydroelectricity, and the gradual withdrawal from fossil fuels (natural gas, coal, diesel, etc.), a new energy ecosystem is developing, leading to abundant market opportunities.
    
    Energy storage technologies, such as batteries or pumped storage hydropower plants, are making this transition easier by stabilizing power systems and reducing the constraints of renewable energy intermittency.
    
    But the road to integrating more renewables into your operations can be bumpy. They must be reliable, cost-effective and environmentally responsible. This means looking at all the attributes that existing assets have to offer and making sure the project incorporates its physical and economic settings.
    
    ### So how do you optimize the process to integrate renewable energy?
    
    Francois Vitez, Vice-President, Power and Renewable Markets says, “First, you need to answer two questions:
    
    
    1. What are the power system and user needs?
    2. What energy resources are available?
    
    Power system needs become a source of revenue for developers of renewable energy projects. Market rules are evolving to encourage the flexibility that’s increasingly required to support intermittent energy sources like wind and solar. A thorough understanding of this market, which is constantly changing, is essential to developing a business plan that will justify the required investments and project viability.”
    
    After shareholders have approved the project, it needs to go through the various stages of permits, environmental assessments and funding applications. Only then can you start implementing the project, which can take several years.
    
    Although the process is long, the environmental and economic benefits are substantial. For off-grid industrial companies, like many mines in Canada, the revenue streams that come from switching to renewable energy are primarily driven by three sources:
    
    
    - A reduction in fossil fuel consumption and related costs (avoided costs)
    - Improved ESG and therefore higher share values
    - The leveraging of CO2 emission reductions through various carbon market mechanisms and the growing number of tax incentives
    
    Our societies have all the technical and financial solutions to ensure a transition to a hydrocarbon-free economy. The latest IPCC report has stressed the urgency of taking ambitious measures to counter global warming. For industrial players, these include using a renewable energy mix.
2. 
 
This content is for general information purposes only. All rights reserved ©BBA