Montem Resources Limited (ASX: MR1) has appointed Will Bridge as Chair of its Tent Mountain Energy Transition Steering Committee.
Mr Bridge’s appointment follows Montem’s announcement of its plans to transition the Tent Mountain Project in Alberta, Canada to become a renewable energy complex.
The Committee, led by Mr Bridge, will include Montem’s Chief Commercial Officer (CCO) Robert Bell and a small group of subject matter experts across a range of technical and commercial specialties focused on renewable energy development in Alberta.
The Committee aims to execute the strategy to drive development of the Tent Mountain Renewable Energy Complex (TM-REX), implementing a program of works to progress the Project through the Feasibility stage, and to monetisation.
This programme of works will include significant involvement from Boost Energy Ventures, and GHD, who will design the green hydrogen component of the TM-REX.
Mr Bridge is an experienced power industry executive and corporate director with a track record of strategic leadership and growth in domestic and international markets including Canada, the United States, Mexico, Australia, Chile, and the UK.
Mr Bridge is originally from British Columbia where he earned a degree in Electrical Engineering from the University of Victoria and began his career trading power in the Western U.S. for BC Hydro’s subsidiary Powerex. With the opening of the power market in Alberta in 1996, Mr. Bridge moved to Calgary and has worked on the leadership teams of both TransAlta Corporation and ATCO in a variety of positions including Chief Technology Officer, Executive Vice-President, Generation Technology & Procurement; and, Executive Vice-President, Business Development.
Mr Bridge is a holder of the Institute of Corporate Directors Director designation and currently serves as Chair of the Board for Calgary Housing Company, an Alberta based affordable housing company; Director for the Fusion Energy Council of Canada; As an Associate with the Haskayne School of Business’ Creative Destruction Lab; and as an advisor to founders of new energy focused companies.
In addition to his current governance roles, Mr. Bridge is past Chair of the Alberta Electric System Operator (AESO) and has held board positions with the Canadian Electricity Association, the Alberta Chamber of Resources, the Association of Power Producers of Ontario, and PaceKids School for Children with Motor Disabilities.
Mr Bridge has been a Senior Advisor to Montem since mid-2021.
“After working with Montem over these last four months, it has become clear to me that they have a remarkable pumped hydro energy storage opportunity at Tent Mountain,” Mr Bridge said.
“Not only does the power market here in Alberta need long duration storage, like the Tent Mountain Project, to complement all of the intermittent solar and wind that is being developed, but the Tent Mountain Project also has a unique combination of a high upper reservoir elevation and close proximity to the bulk power grid. That combination is valuable and extremely rare in this Province.”
Montem Resources Managing Director and CEO Peter Doyle said the fact that the company’s project can attract the calibre of professionals such as Will Bridge, speaks volumes to the inherent quality of the opportunity the Tent Mountain pumped hydro energy storage represents.
“Will has worked closely with the team at Montem over the past four months and provided valuable insights into the commercialisation of this idea.
“The Board and I are very confident Will and the Committee will guide the project to fruition.” Montem’s decision to transition Tent Mountain to a renewable energy complex followed separate independent expert studies which demonstrated the Project’s strong viability to generate renewable energy through combined pumped hydro energy storage (PHES), offsite wind power energy generation and onsite green hydrogen production.
“The production of hydrogen onsite would potentially be Canada’s first large-scale green hydrogen production, with the project planned to produce up to 13,000 tonnes of green hydrogen per year.”
For further information please visit: https://montem-resources.com/