Convergent Energy & Power, a US-Canadian developer backed with investment from Statoil, has just connected up Ontario’s largest single-site behind-the-meter energy storage system to date.
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.
Investment into the Ontario market for commercial energy storage has received another big boost, with US energy storage provider Stem Inc announcing today a significant cash injection from the Ontario Teachers’ Pension Plan group.
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.
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.
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.
