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ARTICLE · 01 AUGUST 2014

Energy Storage Update

McCarthy Tétrault
McCarthy Tétrault
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Five companies have now been selected to provide energy storage services as part of the IESO 35 MW procurement of renewable energy storage capacity.

CanadaEnergy and Natural Resources
William Fyfe
William Fyfe
Lynn Parsons
Lynn Parsons
James Klein
James Klein
Roya Baryole (Summer Student)
Roya Baryole (Summer Student)
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It has been a busy month for energy storage in Ontario.

New Contracts Awarded:

Five companies have now been selected to provide energy storage services as part of the Independent Electricity System Operator's (the "IESO") 35 MW procurement of renewable energy storage capacity. They are Canadian Solar Solutions Inc., Convergent Energy and Power LLC, Dimplex North America LTD, Hecate Energy and Hydrogenics Corp. The IESO's press release can be found here.

Interestingly, the IESO has explicitly described this round of procurement as a way of testing new storage technologies. This in part explains the structure of the services contract to be entered into by storage providers. As outlined in a previous post, rather than laying the foundation for the long-term financing of a capital intensive project, the procurement allocated a higher point total to proponents that bid shorter contract terms and the form of services contract included several termination rights in

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