Westario Power is looking for opportunities to grow, both on its regulated and non-regulated sides.
With so many emerging technologies, President David Leonce says electricity is so much more than poles and wires.
As such, Westario has just completed a Business Growth Feasibility Study that examines opportunities around emerging technologies in the renewable energy field.
These technologies include: solar, electricity storage, data analytics, customer interaction technology, electrical vehicle charging, artificial intelligence etc.; all of the things that Leonce says customers will eventually request.
Along with investigating new technologies, the Feasibility Study also examines the viability of introducing these technologies to this region.
This study examines the changes that are coming to the utility world, the impact it will have on Westario, on customers as well as the revenue streams the technologies will provide.
The information gathered from the Feasibility Study will be presented to the Westario Board of Directors in December.
Board of Director Chair George Bridge says the information will enable the Board to create a strategic plan that will map out the direction and the innovative technologies Westario should be pursuing over the coming years.
Bridge adds, it is all about adapting to the ever changing landscape of the utility world.
Leonce notes that these changes won't happen overnight, they could take years to implement.
By preparing and planning now, he says Westario will be able to be at the forefront of evolving technologies of tomorrow.
Westario Power shareholders include the municipalities of: Brockton, Hanover, Huron-Kinloss, Kincardine, Minto, North Huron, Saugeen Shores, South Bruce as well as Fortis Ontario a utility company located in Fort Erie.