The Electricity Distributors Association (“EDA”) – the trusted and vital source for advocacy, insight and information for Ontario’s local electricity distributors – acknowledges top-performing distribution utilities at its annual awards gala. Elexicon Energy received the EDA’s inaugural Sustainability Excellence Award for embarking on a transformative journey towards sustainability in embracing the challenge of developing a robust ESG (“Environmental, Social and Governance”) program.

The planning and framework of an environmental, social and governance (“ESG”) program was developed in 2023, with activities that would support the plan. Through this framework, Elexicon Energy will report on its performance in the areas that are important to its stakeholders, and provide the organization with a comprehensive plan to make a positive impact on the environment, its customers and communities, as well as its employees. Elexicon’s ESG considerations are founded on three core principles:

• Environmental: Mitigate the impact of Elexicon’s operations on the environment,
• Social: Be good stewards in the communities where we operate, and
• Governance: Ensure the well-being and safety of employees and reduce the risk of future legal, regulatory, reputational and compliance issues.

Elexicon Energy is working with technology partner, Survalent, and a handful of other local utilities to enable distributed energy resources such as solar and wind power, energy storage and demand management tools to ensure interoperability between the consumer and the electricity grid. The project will provide a platform that brings together real-time energy supply and consumption information at the local level, and gain a better understanding of how renewable energy sources can be sourced at a local level and contribute to clean, reliable and affordable energy to meet growing needs that include electric vehicles.

Elexicon Energy is participating in a regional household energy retrofit initiative called Durham Greener Homes. Inspired by Durham Region’s Community Energy Plan, the program was created to assist homeowners in navigating through the retrofit process to reduce their energy consumption and greenhouse gas emissions. By 2050, the program hopes to remodel the majority of the over 200,000 existing single-family dwellings, including detached, semi-detached and row homes, resulting in an average energy savings of 40 to 50 per cent per household.