As you may have noticed from our recent coverage, Canada’s energy storage market is well-poised to build on foundations laid by early adopters and supportive regulators and politicians. Justin Rangooni, executive director of trade association Energy Storage Canada (ESC) takes us through some of the key developments to date.
The last 12 months have seen considerable development in Canada''s energy storage market. The result is a sense of powerful momentum building within the sector to accelerate the development and deployment of energy storage, particularly within the context of enabling Canada''s net-zero goals.
These mechanisms represent critical steps on Canada''s part to keep pace with the United States'' ITCs through the IRA, which are estimated to increase US storage deployments by as much as 24% over the next five years.
It''s not hard to imagine in the context of a 68% increase in energy storage worldwide in 2022, with additional commitments from several markets totaling 130GW by 2030.
Canada has seen several landmark developments at the provincial level as well, including the government of Ontario''s October 2022 announcement of one of largest competitive energy storage procurements in North America at 2.5 GW, with the first tranche of projects announced on 16 May.
This milestone was further augmented by this spring''s announcement of the 250MW Oneida Energy Storage project moving toward commercial operation in Ontario, as the project partners achieved financial close with key long-term contracting in place.
Elsewhere, on the east coast, NB Power is soliciting proposals for 50MW of energy storage projects in New Brunswick and Nova Scotia recently proposed amendments to the Electricity Act to enable grid-scale battery contracts and procurements.
Energy Storage Canada''s 2022 report, Energy Storage: A Key Net Zero Pathway in Canada indicates Canada will need a minimum of 8 to 12GW of energy storage to ensure Canada achieves its 2035 goals. Moreover, while each province''s supply structure differs, potential capacity for energy storage was identified in all Canadian provinces, meeting demand needs and optimizing generation, transmission, and distribution assets.
However, that leaves a wide gap to close to realize Canada''s goals and to reach the full potential for energy storage in the country. Even the low end of the estimated potential for storage is equivalent to Manitoba''s entire installed generating capacity as of 2020.
For every resource and grid, there is a storage technology and duration to match, whether it be short duration grid-scale lithium-ion batteries, compressed air, or flywheel storage, geothermal or pumped hydro.
We are seeing in Canada and across the globe the critical recognition of the unique role energy storage can play and the diversity of services these resources can provide.
It is vital going forward that policymakers and government agencies coordinate their efforts to revamp the regulatory and legislative framework to include and accommodate energy storage. System planning and procurement approaches need to evolve to ensure pricing and investment incentives reflect the reality of storage deployment and the benefits it provides.
Additionally, while it is important we act and act quickly to deploy energy storage to meet the evolving needs of Canada''s energy system, we also need to act with an eye toward the long-term beyond 2035.
This means acting now to incorporate long-duration energy storage (LDES) assets, which can store large amounts of electricity for several hours or days and includes technologies such as pumped hydro electric storage, emerging battery storage, thermal storage, or compressed air.
And Canada has long history with LDES, notably Ontario Power Generation''s (OPG) pumped hydro storage project in Niagara Falls, and about 90% of the installed energy storage capacity around the world to date is pumped hydro storage.
There are several long duration technologies that are proven and operational now. ESC members are already deploying these technologies around the globe and they''re keen to develop comparable projects here in Canada now.
Which is good, because per the Canadian Climate Institute, two-thirds of the reductions necessary to meet Canada''s 2035 goals can be achieved by integrating existing technologies.
You can also read Energy-Storage.news editor Andy Colthorpe’s Editor’s Blog from Friday (26 May), ‘What just happened in Canada’s busiest week for energy storage’ (Premium access required) here, while Alberta and Ontario’s energy storage markets are in focus in the new edition of PV Tech Power (Vol.35) due out in the coming days.
Energy storage technologies harness and store previouslygenerated energy and then release it as electricity. When certainrenewable energy sources, such as solar and wind, cannot meetenergy demands because of their intermittent nature, energy storagetechnologies offer a valuable solution. On a windless or cloudyday, at night or during peaks of electricity demand, stored energycan be delivered to help sustain power supply. Energy storage canalso improve the reliability, safety, and security of theelectricity grid through enhanced control of fluctuating voltageand frequency.
Together with these tax initiatives, the 2023 budget also includes $20 billion towardthe Canada Infrastructure Bank to support the building of majorclean-electricity and clean-growth infrastructure projects. It alsoproposes to provide 3 billion over 13 years to recapitalize fundingfor the Smart Renewables and Electrification Pathways Program(SREP). The SREP aims to reduce greenhouse gas emissions and helpCanada's transition to an electrified economy by fundingrenewable energy and electrical grid modernization projects.
This spring, the 250MW Oneida Energy Storage Project, thelargest battery storage project in the country, moved towardcommercial operation as the project partners achieved financialclose. The Independent Electricity System Operator (IESO) and theOneida Energy Storage Project finalized a 20-year energy storagefacility agreement to store and reinject clean energy into theIESO-controlled grid.
This spring was also ushered in by an announcement by the IESO on a complement tothe Oneida Energy Storage Project. The IESO is offering contractsto seven battery storage facilities located throughout the provinceto provide 739MW of capacity. This is part of an ongoing effort toprocure a cumulative 2500MW of energy storage tosupport the decarbonization and electrification of Ontario'sgrid.
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