Leading the way in nuclear energy: Mike Rencheck, Bruce Power

Speaking of Business with Goldy Hyder

It was a summer job that sparked Mike Rencheck’s lifelong career in the energy industry. He started out as an intern at the Beaver Valley Power Station in Pennsylvania in the 1980’s, and never looked back. “It really opened my eyes to what was possible in nuclear energy,” he says.

Skip ahead a few decades and Rencheck is now the President and CEO of Bruce Power. The nuclear plant on the shores of Lake Huron produces 30 per cent of Ontario's electricity – that’s half of all the province’s nuclear power.

Rencheck recognizes the important role nuclear will play as Canada transitions to lower emissions energy sources. “We really need to progress forward if we're going to have a clean energy transition and have abundant energy that's reliable, clean, and affordable,” he tells Goldy Hyder on the Speaking of Business podcast. It’s why Bruce Power is looking at adding more production capacity at its site – an additional 4,800 megawatts of electricity (Bruce Power currently produces 6,550 megawatts).

And Bruce Power doesn’t stop there. The company is, in Rencheck’s words, a “superpower” in the production of medical isotopes. The life-saving products are used to sterilize medical equipment worldwide and to treat some forms of cancer.

In a wide-ranging conversation, Mike Rencheck and Goldy Hyder also discuss Indigenous reconciliation, the value of asking questions, and how to unleash Canada’s “get ‘er done” mentality.

“We have great people in Canada. We have great people here at Bruce Power. And when we choose to work together, we simply get things done.”

Revealing and insightful conversations with Canada’s top innovators, entrepreneurs and business leaders. Listen to more episodes here: thebusinesscouncil.ca