![]() Deborah de Lange, an assistant professor of global management studies at Ryerson University, studied Canada's major pension plans and noticed a quiet shift in OTPP's investing activity: The OTPP is one of many wealthy pension funds that have come under pressure from members to divest from fossil fuels, not just for political reasons but because of financial climate risk. And that competition between sources of capital means that the monopoly position of the utilities is coming to an end, and we’re going to have a much more competitive and much more disruptive market." "They would like to be your electricity supplier. "They own airports and roads and all kinds of infrastructure," Krapels said. Originally a developer of interstate transmission lines, Anbaric broadened to microgrids because of a convergence of technological forces: distributed generation of solar and wind, cheaper batteries and blockchain cryptocurrencies that allow microgrid participants to buy and sell electricity faster and cheaper than they can through utilities.Īnbaric's major investor is the Ontario Teachers Pension Plan. So it really is the beginning of an enormous change in how the electric system is organized, and it’s a real problem for the utilities that don’t get on board." "It’s typically the technology companies like Google, like Amazon, that have a completely different idea of how to digitally control an energy system than the utilities have. "When you have a microgrid conversation, the people who come to the table aren’t even the utilities," said Ed Krapels of Anbaric Development Partners, a Boston-based developer of microgrids.
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