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.
Residential energy storage provider Sunverge has won out in a competitive bidding process to provide systems and software for a proposed virtual power plant (VPP) project in Maryland in the US.
A new lithium battery recycling facility, established by operator Li-Cycle on a commercial basis at the well-known Eastman Business Park in New York State, answers both a growing need and an opportunity in an “unprecedented phase” of deployment, the company has said.
Former Governor of New York George Pataki has welcomed the possible siting and construction of a vanadium redox flow battery (VRB) factory in the state.
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.
A 300MW pipeline of behind-the-meter energy storage projects in Canada and the US will be executed by large engineering firm Honeywell, with Canadian project developer NRStor.
