OUR STORY
Founded in late 2020 in Calgary, Alberta, Versorium began with a focus on developing natural gas-fired distributed energy projects.
In just four years, the company successfully developed, constructed, and commissioned five facilities with a total installed capacity of 25 MW in Alberta, demonstrating Versorium’s ability to deliver reliable, flexible solutions efficiently. Building on the success of these projects, Versorium has expanded its expertise to include the evaluation of larger dispatchable generation and utility-scale battery energy storage system (BESS) solutions in Alberta and other jurisdictions across Canada.
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With a small, dedicated, and knowledgeable team bringing a combined 125+ years of experience in the electricity industry, Versorium is able to move quickly, solve complex challenges, and deliver power solutions that meet the demanding requirements of modern electricity systems.
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Providing grid stability.
With an energy transition underway, there is a growing need for flexible generation facilities to support the stability of electricity grids.
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The increase in intermittent renewable generation, combined with rising electricity demand and the phase-out of coal generation, presents an opportunity for Versorium to contribute to grid stability through the development of fast-dispatch generation facilities. These projects help address day-to-day and seasonal demand spikes when electricity supply is constrained.
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Contributing to a sustainable future.
Versorium’s highly efficient natural gas facilities are capable of operating on up to 25% hydrogen today, with a capability target of 100% by 2030. As hydrogen production and distribution continue to advance as a clean energy fuel source for electricity generation, Versorium will evaluate the viability of transitioning its facilities to this technology.
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LEADERSHIP TEAM
DEAN LUCIUK
President & CEO
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Dean has been involved in the Alberta and North American electricity markets for over 27 years. Over this period, he has held various executive roles with Canadian energy companies ranging from asset optimization and trading through long term capital investment. Dean holds a master's degree in energy policy and systems modelling.
MURRAY HNATYSHYN
VP Corporate Development & Finance
Murray has been involved in power markets, with a focus on the Alberta power market, for 28 years. He has managed speculative trade books, managed and maximized the gross profit for a large fleet of assets across deregulated markets in North America, to managing the market design group for AESO during Alberta’s capacity market design process.
DOUG SABINE
VP Project Execution & Operations
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Doug has more than 25 years of experience in power, thermal, and oil and gas applications. His focus in the power industry has been combined power and thermal management, commercial management, business development, responsible energy solutions, mergers and acquisitions, definitive agreement development and negotiations, industrial plant design, construction, operations, maintenance and production management.
JEFF TRYNCHY
Manager, Stakeholder & Community Engagement
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Jeff has led stakeholder and community engagement and consultation on electricity projects for over 11 years. He has successfully managed consultation and engagement programs for wind, gas and battery storage projects across Canada and the U.S. Jeff is a strong believer that the success of a project hinges on open and transparent consultation with stakeholders.
RYAN WOLLENBERG
Manager, Engineering & Operations
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Ryan has over 15 years of hands‑on expertise supporting the development, optimization, and reliable operation of renewable and thermal generation across North American markets. He has a track record of resolving complex operational issues, leading cross-functional technical teams, and driving measurable improvements in fleet performance with a strong focus on safety. Ryan holds a B.Sc. in Electrical Engineering and an MBA from the University of Alberta.
OUR MISSION & VALUES
Mission
Versorium’s mission is to become a leading power generation company, delivering flexible solutions that help maintain a reliable electricity supply. This commitment is reflected in Versorium’s approach to Smart Energy.
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Culture and Values
Versorium’s mission and culture are grounded in a shared set of beliefs, behaviours, and values that guide the organization at every stage of project development, construction, and operations.
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Three core values shape how Versorium conducts its business: safety, integrity, and responsible stewardship. Protecting the well-being of employees, partners, and communities is a priority in every aspect of the company’s work. Versorium is committed to acting with integrity, even when doing so is difficult, and to managing its assets and operations responsibly to create lasting value for the electricity systems and communities it serves.
Commitment to SAFETY.
Versorium is committed to protecting its people, the public, the environment, and the company’s assets.
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Meeting this commitment is both a corporate responsibility and the personal responsibility of every employee and contractor working on Versorium’s behalf.
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Versorium operates with the belief that Zero Is Real, meaning all injuries and occupational illnesses are preventable. Employees and contractors are expected to speak up about unsafe conditions and behaviours, take action to address concerns or stop unsafe work, and look out for one another at all times.
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Whether working in the field or in an office environment, all personnel must comply with applicable health, safety, and environmental legal requirements, as well as Versorium’s corporate safety policies.
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Safe, reliable, and incident-free operations remain fundamental to Versorium’s success.
Versorium expects every employee and contractor to uphold high ethical standards, referred to as business integrity. This focus is guided by the company’s Code of Conduct, which provides clear policies, guidelines, training programs, and procedures designed to prevent, detect, and respond to inappropriate business activities or behaviour.
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The Code of Conduct provides a practical framework of “do’s” and “don’ts” for daily business activities, emphasizing two key principles:
Ethical Behaviour – Acting with integrity, honesty, and transparency, and complying with laws prohibiting bribery, corruption, money laundering, and other fraudulent activities. This commitment forms the cornerstone of Versorium’s pledge to conduct business ethically. Employees, contractors, and business partners are expected to adhere to strict anti-bribery, anti-corruption, and anti-money laundering standards established as part of the company’s compliance program.
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Protecting the business, customers, investors and the environment – Acting in the best interest of Versorium and preventing harm to people or the environment.
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An embedded culture of integrity, combined with the corporate Code of Conduct, ensures that employees, contractors, and the organization as a whole operate in alignment with Versorium’s ethical values, company policies, and applicable laws and regulations in every jurisdiction where business is conducted.
Doing business with INTEGRITY.
Responsible STEWARDSHIP.
Versorium recognizes its responsibility to contribute to the long-term well-being of society. Success is measured not only by the value and earnings generated for the business, but also by the positive economic, social, and environmental impact delivered to future generations.
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To achieve this vision, the company focuses on creating value in the following key areas, aligned with its culture, values, and principles:
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Environment – Minimizing impacts to the natural environment across the development, construction, operations, and reclamation phases through responsible conservation and sustainable practices.
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People and communities – Supporting the quality of life for individuals and strengthening the communities where projects are located by directing investments to programs, services, and facilities tailored to each community’s unique needs. This approach is outlined in more detail in the Community Investment Strategy.
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Infrastructure – Developing resilient, long-term operating assets that contribute to a sustainable and stable electricity grid.