Convergent Energy + Power has commissioned an industrial battery energy storage system (BESS) project in Ontario which could save the facility owner CA$450,000 (US$356,000) per megawatt on power costs during summer.
An agreement has been reached between the developer of a large-scale pumped hydro energy storage project in Ontario, Canada, and the Department of National Defence that could see the project built on federal land.
Stem Inc said that its portfolio of aggregated battery energy storage systems was called into action to help balance electricity networks across four different states and provinces in the US and Canada during heat waves in June.
A plan to invest CA$2.5 billion (US$1.97 billion) in the clean energy economy by the Canada Infrastructure Bank could lead to involvement in one of the world’s biggest battery energy storage projects so far.
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.