OUR MANAGEMENT TEAM

Sweeping through Québec and the entire world, the wave of change brought by the pandemic caused us to reflect deeply on our values and how we might help Québec become more resilient, more prosperous and more sustainable. At the same time, in late 2020 the Québec government launched its 2030 Plan for a Green Economy, an ambitious social undertaking designed to transform and decarbonize the economy. Given Hydro-Québec’s pivotal role in this vast initiative, the time was right for us to begin a new strategic planning cycle.

In the context of the energy transition, the challenges we face will call for efforts that go well beyond the scope of a five-year plan. The Strategic Plan 2022–2026 we launched last March is a roadmap that positions Hydro-Québec for the coming decades. Anchored in our core values of inclusion, courage, innovation and the common good, this plan is built around the four key themes outlined on the following page.

Driving the efficient decarbonization of Québec

We have some powerful advantages when it comes to helping Québec achieve its greenhouse gas (GHG) emissions reduction targets. Thanks to our hydropower, Québec is one of the few places on earth where electricity generation is already carbon-free. Our clean energy can gradually come to replace the fossil fuels consumed in various economic sectors like transportation, buildings, industry and agriculture. Energy efficiency will be key in easing the upward pressure on electricity demand, allowing us to decarbonize more uses without having to add equivalent generating capacity.

Preparing our grid for tomorrow’s energy and technology needs

Driven by the fight against climate change, evolving energy-use habits and the availability of new technologies, the energy sector is undergoing a substantial shift. To keep fulfilling our mission in the decades to come, we must take a proactive approach through which our facilities can evolve to meet the needs created by this transition. Only by innovating and rethinking the design and operation of our grid can we meet the growing demand for our clean energy and keep pace with changing customer expectations.

Increasing Québec’s collective prosperity

With our renewable, competitively priced energy, we’re well positioned to help both Québec and export markets meet their environmental targets while generating considerable economic spinoffs for Quebecers. From dealing with local suppliers to helping local businesses go green and attracting companies from outside Québec who seek to reduce their carbon footprint, we will use our energy to support Québec’s economic development and create positive impacts in all regions.

Getting our customers, employees and partners to help us achieve our goals

Successfully transitioning to a low-carbon economy will entail mobilizing all players in the energy ecosystem. With our strong presence across Québec, we are well positioned to enlist partners from every region and background to help us put our clean energy toward serving our society.

The role of the public in optimizing energy use has never been more important than it is now. By teaming up with Quebecers to implement innovative solutions adapted to the context here, we can create maximum value for the entire population. Of course, our employees will continue to play a key role as we embark on this ambitious undertaking of electrifying the economy.