Canadian energy company TC Energy has announced that its pumped hydro energy storage project in Ontario will soon receive a final evaluation from the Canadian Ministry of Energy.
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.
The Investment Management Corporation of Ontario (IMCO) has bought convertible notes worth US$400 million in European lithium-ion gigafactory firm Northvolt.
Vanadium redox flow battery (VRFB) firm Invinity Energy Systems has expanded its manufacturing facility in Vancouver, Canada, to 200MWh of annual capacity.