“It’s partly electrification, but the primary objective is decarbonization,” he explains. FirstLight is actively exploring opportunities to enhance hydropower through acquisitions and efficiency improvements. Simultaneously, the company is keen on expanding its solar, wind, and battery systems portfolio, aligning with a broader vision for sustainable growth. Addressing the challenges of decarbonization and electrification, Mantha notes the aggressive buildup and expansion required over the next 10 to 15 years as projected by the Independent Electricity System Operator (IESO) in Ontario.“We face similar challenges in Canada and Ontario in decarbonization and electrification,” he states, underscoring the magnitude of the task ahead. 105 BUSINESS VIEW MAGAZINE VOLUME 11, ISSUE 08 FIRSTLIGHT POWER
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