Focusing on the future takes centre stage at Regional Economic Development & Innovation Summit

The start of the Major Component Replacement (MCR) Project in January is one of several initiatives for Bruce Power as it continues to work with stakeholders in Bruce, Grey and Huron counties to build a nuclear energy economic hub in the region and sustain the company as a world leader in the nuclear sector.

That was the message delivered by President and CEO Mike Rencheck to more than 200 attendees at the fourth annual Regional Economic Development & Innovation Summit on Nov. 15. Representatives of provincial and municipal governments, industry executives and local suppliers gathered at Cobble Beach for a full agenda of presentations, panel discussions and networking.

Bruce Power and the County of Bruce launched the Summit in September 2016 to provide an opportunity to celebrate recent successes and look ahead to the future. In his remarks today, Rencheck pointed to MCR, the company looking at other applications for medical isotopes, and the opportunities available in several areas through the establishment of the Nuclear Innovation Institute as reasons to be excited about what lies ahead for the region.

“MCR is the largest infrastructure project in Canada and represents the next phase of the Life Extension Program that started in 2016 and continues to be done on time and on budget,” Rencheck said. “But we’re doing so much more. We’re advocating for our communities, our region and our industry. We look forward to the many opportunities to promote growth and economic development throughout this entire region.

“Together, we will secure other future.”

During the Summit, the 59 suppliers of Bruce Power who have established a local presence in were recognized for their investment in local communities. Bruce Wallace, the recently named President and CEO of the Nuclear Innovation Institute, and Ron Oberth, President and CEO of the Organization of Canadian Nuclear Industries (OCNI) discussed the growth of the nuclear cluster in the Tri-County (Bruce, Grey and Huron) region. NII announced today that BWXT and ES Fox are joining Bruce Power, the County of Bruce and Kinectrics as Founding Members of the Institute.

James Scongack, Executive Vice-President, Corporate Affairs and Operational Services at Bruce Power, gave a presentation on Nuclear Leading the Fight Against Cancer.

“We’re looking at other applications for medical isotopes,” Rencheck said. “As Western medicine continues to expand into the third world, we will continue to see more need for medical isotopes for sterilization and targeted therapeutics.

Bill Walker, the provincial Associate Minister of Energy and MPP, Bruce-Grey-Owen Sound, participated in a fireside chat with Scongack.

“The work taking place at Bruce Power, whether it’s the Major Component Replacement, work on medical isotopes, or the production of emissions-free electricity for our province, continues to be a source of pride and excitement for our region,” Walker said. “I was proud to participated in this year’s summit to highlight how important Bruce Power is to our local economy through their investments in local communities, attracting new businesses to the region, and creating well-paying jobs here in Bruce, Grey and Huron counties.”

Greg Lyle, Founder and Managing Director of Innovative Research Group, delivered the keynote address on economic growth and the nuclear industry. Bharath Nangia, President and CEO of Nuclear Promise X, gave a presentation titled Nuclear on the Cusp of Innovation.

The Economic Development and Innovation Summit was held the day after the OCNI/Bruce Power Nuclear Job Fair and Information Session attracted more than 1,000 people and 38 exhibitors made up of nuclear suppliers, trade unions, colleges and employment agencies.

About Bruce Power
Formed in 2001, Bruce Power is an electricity company based in Bruce County, Ontario. We are powered by our people. Our 4,200 employees are the foundation of our accomplishments and are proud of the role they play in safely delivering clean, reliable, low-cost nuclear power to families and businesses across the province. Bruce Power has worked hard to build strong roots in Ontario and is committed to protecting the environment and supporting the communities in which we live. Learn more at and follow us on Facebook, Twitter, LinkedIn, Instagram and YouTube.


We stand in solidarity with Black, Indigenous and People of Colour communities across the world in the unquestionable proclamation that their lives matter.

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