Hatch Ltd. issued the following announcement on June 17.

A group of young innovators from Hatch have helped make history, participating in this year's UN Global Compact Leaders' Summit, marking 20 years of uniting business for a better world. In response to the challenges of COVID-19, the UN Global Compact Leaders' Summit took place virtually over the past two days, allowing an unlimited number of representatives from over 10,000 companies and 3,000+ non-business participants to join.

Hatch's participants in the United Nations Young Sustainable Development Goals Innovator Program (YSIP)—Chelsie Klassen, Nate Shoemate, and Rayan Dali—presented a review of their YSIP project, which outlined an energy security decision-making framework for off-grid communities relying solely on diesel fuel for energy.

The decision-making framework evaluates technical, political, and social elements needed to advance energy security and affordability. Hatch’s YSIP team presented a summary of their project at the Leaders’ Summit, which included the following highlights. The project will:

Directly contribute to three SDGs while tracking and monitoring progress to the 2030 agenda

Implement wind, battery with diesel baseload technology to reduce diesel dependency by 50 percent

Eliminate of 870,000 tons of GHGs to 2060

Propose a community revenue sharing agreement to compensate for any unintended supply chain impacts

Decrease the levelized cost of energy by 30 percent per community

Improve government spending by reducing subsidies by C$12.5 million per year

Provide acceptable rates of return for private investors.

Connect with Hatch to learn more about this project and accelerate action towards energy security and the United Nations 2030 Agenda by contacting us at sustainability@hatch.com.

Original source: https://www.hatch.com/en/About-Us/News-And-Media/2020/06/Hatch-helps-make-history-at-UN-Leaders-Summit