Between CA$1.5 billion (US$1.12 billion) and $4 billion in electricity system cost savings could be achieved by Ontario’s Independent Electricity System Operator (IESO) by installing 1,000MW of energy storage by 2030, according to a new study commissioned by Energy Storage Canada.
Reducing peak demand for commercial and industrial (C&I) electric utility customers in Ontario remains a big opportunity for using battery energy storage to reduce costs and decarbonise, three partner companies working on a 2MWh project have said.
Blackstone Energy Partners, a private equity business belonging to investment firm Blackstone, has bought up NRStor C&I.
Developer NRStor and technology provider Hydrostor have completed work on a multi-megawatt, commercial, advanced compressed air energy storage (A-CAES) system in Canada.
Convergent Energy & Power’s first projects out of a joint venture with Shell have come online, while GE Renewable Energy touted the imminent implementation of the country’s ‘first hybrid electric gas turbine’ project.
Fortune 100 technology company Honeywell will supply a multiple megawatt-hour battery energy storage system at a commercial site in Ontario, Canada.
Ontario’s policy of rewarding large users of energy that reduce their demand for grid energy at peak times has resulted in Shell New Energies announcing 21MWh of projects with Convergent Energy + Power.
Stem Inc, which offers commercial and industrial (C&I) customers battery storage systems to lower their energy costs, has partnered with Canadian state-owned utility Ontario Power Generation to offer Ontario businesses ‘no-money-down’ energy storage solutions.
US-based energy storage technology provider Powin Energy has claimed it has a pipeline close to 500MWh of projects under contract, including recent awards totalling 70MWh for customers in North and Central America and in Italy.
A vast new energy storage system – thought to be the largest of its kind in Canada to date with 48MW / 144MWh capacity, will be built in the city of Sault Ste Marie, Ontario.
Currently attracting developers and investment alike, the opportunity to reduce energy costs for businesses in Ontario has led to an agreement for another 42MWh of energy storage from project developer NRStor and solutions provider IHI Inc.
Enel X, the innovation and digitalisation arm of European utility Enel, is following up an initial 1MWh commercial and industrial (C&I) energy storage project in Ontario, Canada, with a significantly scaled-up second project.
Enel has become the latest big name to spy opportunities in the commercial and industrial (C&I) energy storage space in Ontario, Canada, signing an agreement this week for its first project in the region.
RES (Renewable Energy Systems) has confirmed the expected capacity and output of a photovoltaics-linked energy storage system being developed for a railway in Canada which will use lithium-ion batteries.
News in brief from around the world of energy storage.
Stem Inc, self-described as a supplier of “artificial intelligence-powered” energy storage, which deployed a system on average every two days last year, has closed a US$80 million Series D financing round.
Powin Energy has just sold 116MWh of its project assets and pipeline of future developments to esVolta and made a deal which sees Powin become exclusive supplier to the latter’s projects.
Developer Convergent Energy & Power has installed a commercial and industrial (C&I) energy storage system in Ontario for an injection-moulded plastics company, sized with 8.5MWh of batteries.
An Indian state-owned energy services and energy efficiency company is set to invest in 14MWh of grid-scale storage in Canada through a joint venture (JV) with UK company EnergyPro Limited (EP).
Energy storage services provider Peak Power will supply control platforms to 6MWh of energy storage projects in Ontario and New York, some of which will be funded by Sustainable Development Technology Canada (SDTC).
Canadian utility Alectra Energy Solutions, which has over a million customers in Ontario, will offer large-scale energy storage to commercial and industrial operations in its service area, having formed a partnership with developer AMP.
Leading energy storage provider Powin Energy will be building and installing six energy storage projects at two sites in Ontario, Canada with a total capacity of 12.8MW/52.8MWh.
Compressed air energy storage plants could be rolled out across Canada from energy storage project developer NRStor and advanced adiabatic compressed air energy storage (A-CAES) firm Hydrostor.
US-Canadian energy storage project developer Convergent Energy and Power has secured third-party project financing for 12MW of energy storage projects in Canada that will provide grid services.
Ontario’s successes in creating and fostering a market and industry for energy storage owes a lot to policy makers taking a coherent, long-term view of its entire energy sector, according to a representative of Canada’s only energy storage trade association.
French manufacturer Leclanche will supply battery storage systems to a 13MW capacity storage project with 53MWh of storage duration in Ontario to be used for voltage control and in providing reactive power support to the grid.
Ontario’s Independent Electricity System Operator (IESO) has selected five companies to deliver nine energy storage projects with a total capacity of 16.75MW.
Canadian Solar has finalised a deal to provide 4MW of energy storage, to be used to support the electrical grid in Ontario, Canada.