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.

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.

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.

The amount of VC funding invested in battery energy storage companies in the first nine months of this year has more than doubled from the equivalent period of 2016, according to a report from Mercom Capital.