Potential offtaker

CAE, Inc.

www.cae.com

Estimated electricity consumption

N/A

Countries of production presence

N/A

CAE, Inc. is a Canadian company that operates in the aircraft electronics sector. The company was founded in 1947 and has since grown to become a global leader in the design, manufacture, and support of advanced simulation technologies, training services, and operational solutions for the aviation industry. With a focus on innovation, safety, and sustainability, CAE is committed to meeting the evolving needs of its customers while also contributing to the decarbonisation of the aviation industry.

Decarbonisation is a critical issue for the aviation industry, and CAE is actively working to reduce its carbon footprint and support the transition to a low-carbon future. The company has set ambitious targets to reduce its greenhouse gas emissions, including a commitment to achieve net-zero emissions by 2050. To achieve this goal, CAE is investing in renewable energy, energy efficiency, and other decarbonisation initiatives.

One of the key ways that CAE is reducing its carbon footprint is through the use of corporate power purchase agreements (PPAs). A corporate PPA is a long-term contract between a company and a renewable energy provider that guarantees a fixed price for electricity generated from renewable sources. By entering into a corporate PPA, companies like CAE can support the development of new renewable energy projects and reduce their reliance on fossil fuels.

In 2020, CAE signed a 10-year corporate PPA with Boralex, a leading renewable energy producer in Canada. Under the agreement, CAE will purchase 10 MW of renewable energy from Boralex's Port Ryerse Wind Farm in Ontario, which is expected to generate approximately 40 GWh of electricity per year. This represents a significant step forward in CAE's efforts to reduce its carbon footprint and support the transition to a low-carbon future.

In addition to its corporate PPA, CAE is also investing in other renewable energy initiatives. The company has installed solar panels at its Montreal headquarters and is exploring the use of other renewable energy technologies, such as wind and geothermal. By investing in renewable energy, CAE is not only reducing its carbon footprint but also demonstrating its commitment to sustainability and corporate responsibility.

Corporate energy management is another important area of focus for CAE. The company has implemented a number of energy efficiency measures across its operations, including the use of LED lighting, HVAC upgrades, and the installation of energy-efficient equipment. These measures have not only reduced CAE's energy consumption but also lowered its operating costs and improved its overall sustainability performance.

To further support its corporate energy management efforts, CAE has implemented an energy management system (EnMS) based on the ISO 50001 standard. The EnMS provides a framework for identifying, measuring, and managing energy consumption across CAE's operations, helping the company to identify opportunities for improvement and reduce its energy costs.

Overall, CAE is a leader in the aircraft electronics sector, with a strong commitment to innovation, safety, and sustainability. Through its efforts to reduce its carbon footprint, support the development of renewable energy, and implement energy efficiency measures, CAE is demonstrating its commitment to sustainability and playing a key role in the decarbonisation of the aviation industry. As the world continues to transition to a low-carbon future, companies like CAE will play a critical role in driving innovation, reducing emissions, and building a more sustainable future for all.