PRESS RELEASE: CanREA highlights value of energy storage

New CanREA whitepaper identifies six priorities for supporting the decarbonization of Canada’s electricity grid with energy storage. 

Ottawa, February 3, 2022—The Canadian Renewable Energy Association (CanREA) today released an agenda-setting paper on energy storage in Canada, authored by CanREA’s Director of Energy Storage, Leonard Olien.  

Entitled “Laying the Foundation: Six priorities for supporting the decarbonization of Canada’s electricity grid with energy storage,” this new whitepaper outlines CanREA’s perspective on what is required to advance energy storage in Canada. 

“It is well understood that dynamic and versatile energy-storage technologies will be a cornerstone of Canada’s energy transition,” said Robert Hornung, CanREA’s President and CEO. “There is tremendous opportunity for the Canadian electricity sector to leverage the potential of energy storage.” 

With this new paper, CanREA aims to clarify what this potential is, and how it can be leveraged to benefit all jurisdictions. It identifies six priority areas for action: education, regulation, markets, grid optimization, communities and sustainability. For each of these priorities, Laying the Foundation presents the challenge to be overcome, identifies key solutions, and outlines the specific actions recommended by CanREA. 

Laying the Foundation follows up on fundamental points made in CanREA’s Vision document, Powering Canada’s Journey to Net-Zero, which demonstrates that Canada needs to deploy more than 5,000 MW of new wind and solar energy annually for the next 30 years to meet its commitment to net-zero greenhouse gas emissions by 2050. 

Overall, “energy storage can provide key flexibility services, and support electricity system reliability, as Canada develops its abundant, untapped wind and solar energy resources,” said Olien.  

The full paper is available to download in English or French from CanREA’s website.  

Quotes  

“It is well understood that dynamic and versatile energy-storage technologies will be a cornerstone of Canada’s energy transition. There is tremendous opportunity for the Canadian electricity sector to leverage the potential of energy storage.”  

—Robert Hornung, President and CEO, Canadian Renewable Energy Association  

“Energy storage can provide key flexibility services, and support electricity system reliability, as Canada develops its abundant, untapped wind and solar energy resources.”  

—Leonard Olien, CanREA’s Director of Energy Storage 

For more information or for interview opportunities, please contact: 

Communications
Canadian Renewable Energy Association
647-268-3382
commun[email protected]

About the Canadian Renewable Energy Association 

The Canadian Renewable Energy Association (CanREA) is the voice for wind energy, solar energy and energy storage solutions that will power Canada’s energy future. We work to create the conditions for a modern 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. Our vision is to ensure wind energy, solar energy and energy storage play a central role in transforming Canada’s energy mix. Learn more at renewablesassociation.ca. Follow us on Twitter and LinkedIn. Subscribe to our newsletter here. Become a member here.