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ARTICLE · 09 MAY 2014

Ontario Energy Storage: Is It Financeable?

McCarthy Tétrault
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The Independent Electricity System Operator has issued a request for proposal for the procurement of 35 MW of energy storage services.

CanadaEnergy and Natural Resources
Lynn Parsons
Lynn Parsons
Diego Beltran
Diego Beltran
William Fyfe
William Fyfe
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The Independent Electricity System Operator (the "IESO") has issued a request for proposal ("RFP") for the procurement of 35 MW of energy storage services.

This represents the first phase of the two-phased procurement framework proposed by the IESO and the Ontario Power Authority (the "OPA") in response to the Ministry of Energy's Long Term Energy Plan (also discussed here and here), which provides for the procuring of 50 MW of energy storage by the end of 2014.  The 15 MW balance of the procurement will be led by the OPA in a second phase of procurement. The 35 MW phase one procurement process is now in full swing: the RFP closing date was on May 5th and the selection of preferred respondents will be on June 1st with an anticipated contract effective date of June 30th.

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