New 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 companies who have been selected by the Independent Electricity System Operator (IESO) for the procurement of new energy storage projects in Ontario, as announced today.
“This energy-storage procurement—Canada’s largest to date—is an affordable 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 new energy-storage projects in Ontario, which will provide a total 739 MW of capacity.
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 capacity—nearly 70% of the total announced today.
- CanREA Champion Member Boralex will seek to develop a 300-MW battery storage facility in Haldimand and an 80-MW facility in 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 seeking to develop three 5-MW facilities in the Windsor area.
“Energy storage offers an innovative 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 companies, working to build a more reliable, affordable and sustainable electricity system for the future of Ontario and across Canada.
Quotes
“This energy-storage procurement—Canada’s largest to date—is an affordable 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 innovative 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 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. For more information on how Canada can use wind energy, solar energy and energy storage to help achieve its net-zero commitments, consult “Powering Canada’s Journey to Net-Zero: CanREA’s 2050 Vision.” Follow us on Twitter and LinkedIn. Subscribe to our newsletter here. Become a member here. Learn more at renewablesassociation.ca.
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Communications
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