Swiss institutional investment group SUSI Partners has agreed to finance C$120 million (US$94.56 million) of commercial and industrial (C&I) sector energy storage projects by Canadian project developer/owner NRStor.

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).

The Caribbean Development Bank (CDB) has approved funds of USD$350,000 for energy storage and grid modernisation in the Caribbean.

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.

Energy storage provider Schmid Energy Systems has signed a memorandum of understanding (MOU) with vanadium supplier VanadiumCorp Resource to jointly work on mineral extraction and developing vanadium electrolyte.

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.