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Released October 04, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)-- Canada's federal government is bolstering its development of battery energy-storage system (BESS) technology through generous tax credits and supply-chain agreements with both corporations and other nations, such as Japan. The Energy Innovation Program (EIP), which advances clean-energy technologies to help Canada reach its net-zero goal by 2050, is allocating funds to BESS and other projects that will reduce the nation's carbon footprint. Industrial Info is tracking nearly US$11.4 billion worth of active and planned energy-storage projects across Canada, the bulk of which are found in Alberta and Ontario.
Click on the image at right for a graph detailing the top 10 parent companies for energy-storage projects across Canada.
Alberta, which is the heart of Canada's Oil & Gas Industry, leads all other provinces and territories in energy-storage developments with more than US$7.2 billion of investment. These include several projects set to finish construction before the end of the year, such as Capital Power Corporation's (Edmonton, Alberta) US$315 million BESS addition at its Genesee Generating Station in Warburg. The unit will use Mitsubishi Heavy Industries' (MHI) (Tokyo, Japan) lithium-ion battery technology to hold up to 210 megawatts (MW) at the 1,315-MW coal-and-gas-fired plant. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more from a detailed project report.
Although Capital Power is not considering standalone battery projects, executives believe the company can increase the value of its existing sites by pairing them with battery-storage systems. "The deployment of battery storage on existing natural gas sites demonstrates the strategic value of these sites and incumbent market position to deliver low carbon growth," said Avik Dey, the chief executive officer of Capital Power, in a recent earnings-related conference call.
Other BESS additions at existing facilities across Canada are found at renewable-sourced power plants. TransAlta Corporation (NYSE:TAC) (Calgary, Alberta) hopes to begin construction before the end of the year on its US$180 million WaterCharger Battery Storage Project in Cochrane, Alberta, at the Ghost Hydro Station. TransAlta says the BESS will be charged by electricity produced at Ghost Hydro when demand is lower, then discharged to support the grid when demand is higher. It is designed to generate up to 180 MW. Subscribers can learn more from Industrial Info's project report.
Concord Green Energy, a subsidiary of Concord Pacific (Vancouver, British Columbia), is preparing to add a US$21 million BESS at its Monarch Solar Farm in Diamond City, Alberta, which began generating 23.6 MW early this year. The 21-MW BESS will use Contemporary Amperex Technology Company Limited's (Ningde, China) EnertOne lithium-ion technology, along with Dynapower's (South Burlington, Vermont) converters. Subscribers can learn more from a detailed project report.
Standalone BESS projects also play a major role in Canada's energy-storage market, with Northland Power Incorporated (Toronto, Ontario) preparing to begin construction next year on what could be the largest BESS in Canada: the US$450 million Oneida BESS project in Jarvis, Ontario, which is expected to hold 250 MW. Northland says the facility has a 20-year contract with the Ontario Independent Electric System Operator (IESO) to double the amount of energy storage on Ontario's clean-energy grid. Subscribers can learn more from Industrial Info's project report and May 19, 2023, article - Northland Power's Ontario BESS Project Reaches Milestone.
Boralex Incorporated (Kingsey Falls, Québec) is venturing into the energy-storage market with its proposed BESS facilities in Hagersville, Ontario, and Lakeshore, Ontario, which are expected to have capacities of 300 and 80 MW, respectively. Both projects were selected by the Ontario IESO as part of a program to expedite long-term requests for proposals for storage capacity. Subscribers can read detailed reports on the Hagersville and Lakeshore projects.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active and planned energy-storage projects across Canada.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing the top 10 parent companies for energy-storage projects across Canada.Alberta, which is the heart of Canada's Oil & Gas Industry, leads all other provinces and territories in energy-storage developments with more than US$7.2 billion of investment. These include several projects set to finish construction before the end of the year, such as Capital Power Corporation's (Edmonton, Alberta) US$315 million BESS addition at its Genesee Generating Station in Warburg. The unit will use Mitsubishi Heavy Industries' (MHI) (Tokyo, Japan) lithium-ion battery technology to hold up to 210 megawatts (MW) at the 1,315-MW coal-and-gas-fired plant. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more from a detailed project report.
Although Capital Power is not considering standalone battery projects, executives believe the company can increase the value of its existing sites by pairing them with battery-storage systems. "The deployment of battery storage on existing natural gas sites demonstrates the strategic value of these sites and incumbent market position to deliver low carbon growth," said Avik Dey, the chief executive officer of Capital Power, in a recent earnings-related conference call.
Other BESS additions at existing facilities across Canada are found at renewable-sourced power plants. TransAlta Corporation (NYSE:TAC) (Calgary, Alberta) hopes to begin construction before the end of the year on its US$180 million WaterCharger Battery Storage Project in Cochrane, Alberta, at the Ghost Hydro Station. TransAlta says the BESS will be charged by electricity produced at Ghost Hydro when demand is lower, then discharged to support the grid when demand is higher. It is designed to generate up to 180 MW. Subscribers can learn more from Industrial Info's project report.
Concord Green Energy, a subsidiary of Concord Pacific (Vancouver, British Columbia), is preparing to add a US$21 million BESS at its Monarch Solar Farm in Diamond City, Alberta, which began generating 23.6 MW early this year. The 21-MW BESS will use Contemporary Amperex Technology Company Limited's (Ningde, China) EnertOne lithium-ion technology, along with Dynapower's (South Burlington, Vermont) converters. Subscribers can learn more from a detailed project report.
Standalone BESS projects also play a major role in Canada's energy-storage market, with Northland Power Incorporated (Toronto, Ontario) preparing to begin construction next year on what could be the largest BESS in Canada: the US$450 million Oneida BESS project in Jarvis, Ontario, which is expected to hold 250 MW. Northland says the facility has a 20-year contract with the Ontario Independent Electric System Operator (IESO) to double the amount of energy storage on Ontario's clean-energy grid. Subscribers can learn more from Industrial Info's project report and May 19, 2023, article - Northland Power's Ontario BESS Project Reaches Milestone.
Boralex Incorporated (Kingsey Falls, Québec) is venturing into the energy-storage market with its proposed BESS facilities in Hagersville, Ontario, and Lakeshore, Ontario, which are expected to have capacities of 300 and 80 MW, respectively. Both projects were selected by the Ontario IESO as part of a program to expedite long-term requests for proposals for storage capacity. Subscribers can read detailed reports on the Hagersville and Lakeshore projects.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active and planned energy-storage projects across Canada.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
