Recent IESO procurement demonstrates the immense value of energy storage to Ontario’s grid.
Toronto, May 16, 2023—The Canadian Renewable Energy Association (CanREA) wishes to congratulate member firms who’ve been chosen by the Independent Electricity System Operator (IESO) for the procurement of recent energy storage projects in Ontario, as announced today.
“This energy-storage procurement—Canada’s largest thus far—is an inexpensive and much-needed solution to bolster the province’s electricity system, which faces dwindling supply and increasing demand. It demonstrates the immense value of energy storage to Ontario’s grid,” said Brandy Giannetta, CanREA’s Vice-President of Policy and Government Affairs.
The IESO is moving forward with the procurement of seven recent energy-storage projects in Ontario, which is able to provide a complete 739 MW of capability.
Six of the seven projects are led by CanREA members. In total, projects proposed by Boralex, Capital Power and Compass Renewable Energy Consulting account for about 515 MW of capability—nearly 70% of the whole announced today.
- CanREA Champion Member Boralex will seek to develop a 300-MW battery storage facility in Haldimand and an 80-MW facility within the Municipality of Lakeshore.
- CanREA Advocate Member Capital Power will seek to develop a 120-MW battery storage facility near King Township.
- Wahgoshig Solar—a partnership between Wahgoshig First Nation and CanREA Associate Member Compass Renewable Energy Consulting Inc. —is looking for to develop three 5-MW facilities within the Windsor area.
“Energy storage offers an modern and cost-competitive solution for meeting Ontario’s growing energy needs while driving economic growth and decarbonization efforts, particularly when coupled with renewable energy supply,” said Giannetta.
CanREA represents Canada’s leading wind, solar and energy storage firms, working to construct a more reliable, inexpensive and sustainable electricity system for the longer term of Ontario and across Canada.
Quotes
“This energy-storage procurement—Canada’s largest thus far—is an inexpensive and much-needed solution to bolster the province’s electricity system, which faces dwindling supply and increasing demand. It demonstrates the immense value of energy storage to Ontario’s grid.”
“Energy storage offers an modern and cost-competitive solution for meeting Ontario’s growing energy needs while driving economic growth and decarbonization efforts, particularly when coupled with renewable energy supply.”
— Brandy Giannetta, CanREA’s Vice-President of Policy and Government Affairs
About CanREA
The Canadian Renewable Energy Association (CanREA) is the voice for wind energy, solar energy and energy storage solutions that can power Canada’s energy future. We work to create the conditions for a contemporary energy system through stakeholder advocacy and public engagement. Our diverse members are uniquely positioned to deliver clean, low-cost, reliable, flexible and scalable solutions for Canada’s energy needs. For more information on how Canada can use wind energy, solar energy and energy storage to assist achieve its net-zero commitments, seek the advice of “Powering Canada’s Journey to Net-Zero: CanREA’s 2050 Vision.” Follow us on Twitter and LinkedIn. Subscribe to our newsletter here. Grow to be a member here. Learn more at renewablesassociation.ca.
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