More similarities exist between the business models of trading energy from batteries and other, more ‘traditional’ types of asset than many people realise.

Ontario and Alberta account for the bulk of Canada’s installed, planned and proposed large-scale energy storage today. The rest of the country can lean on the experiences and lessons learned, Andy Colthorpe hears from developers and expert voices.

Alberta “is a great place to do solar,” where growth of renewables is creating need to deploy energy storage for its integration to the grid.

Justin Rangooni, executive director of trade association Energy Storage Canada (ESC) takes us through some of the key developments to date.

Last week, two significant milestones in the emergence of a market for large-scale battery storage on the grid were laid in Ontario, Canada.

Developer Pulse Clean Energy has secured a three-year £175 million (US$215 million) credit facility with a number of banks to go towards its pipeline of battery storage projects in the UK.

Energy optimisation software provider Peak Power has received US$35 million investment, while startup Financial Machines has launched its own platform, with both targeting the US energy storage market.

Another serving of news in brief from around the world in energy storage.

A tender will open in a few days’ time under NSW’s electricity system roadmap through which 550MW of long-duration storage could be procured.