The chosen battery storage contracts vary from 9MW for the smallest to 390MW for the biggest. Eligible storage sources should be capable of ship vitality to the grid for no less than 4 consecutive hours.
The procurement is designed to assist Ontario meet electrical energy demand development by to the top of this decade and put it on a pathway to deal with a projected 60% enhance in demand over the subsequent 25 years.
It follows the staging final 12 months of a predecessor, the Expedited LT1 RFP, which noticed the award of contracts to 881MW of vitality storage tasks in two tranches. The primary concluded a 12 months in the past, in Might 2023, with 739MW of contracts awarded, and the second in June 2023, with 142MW of profitable vitality storage bids.
The RFPs have been launched according to the ‘Powering Ontario’s Development’ authorities plan, which will even present for investments in different infrastructure and sources to assist each rising industrial exercise and residential housing development to the center of this century.
Ontario vitality minister Todd Smith stated in a LinkedIn submit that the typical value of profitable vitality storage bids in LT1 was CA$672.32/MW (US$492.05/MW), which was a 24% lower from the CA$881.09/MW common value of the earlier spherical final 12 months.
Commerce affiliation Power Storage Canada stated that the autumn in value cemented vitality storage’s standing as “probably the most inexpensive new capability useful resource accessible available in the market – interval,” and that additional tenders would assist keep this downward strain on prices and foster competitiveness.
The province of Ontario had stated in 2022 forward of launching the Expedited LT1 procurement that it might goal between 1,500MW and a couple of,500MW of vitality storage out of a complete 4,000MW of latest capability sources it might procure. With the Exepedited LT1 and LT1 tenders added to the state-supported 250MW/1,000MWh Oneida vitality storage challenge, the province has now secured 2,915MW of storage sources.
Toronto-based developer Potentia Renewables bought the most important contract within the spherical at 390MW, for its 412.72MW nameplate capability Skyview 2 BESS challenge within the Township of Edwardsburg, within the East zone.
As with eight different chosen BESS tasks, fairness in Skyview 2 is 50% or extra First Nation-owned, one other side of the RFP that Power Storage Canada applauded.
Different huge winners included a 380MW contract for Shift Photo voltaic Inc.’s Gray Owl Storage challenge (nameplate capability 400MW), within the Arran-Elderslie municipality.
Acquainted names to Power-Storage.information readers Brookfield Renewable and Aypa Energy additionally bought huge wins: Brookfield Renewable gained two contracts totalling 400MW, for its Fitzroy BESS challenge (250MW IESO contract, 265.5MW nameplate energy) and its Trailroad BESS (150MW IESO contract, 159.3MW nameplate output); Aypa Energy, co-developer of Oneida, gained two contracts additionally totalling 400MW, comprising the corporate’s Elora BESS (200MW IESO contract, 210.53MW nameplate) and Hedley BESS (additionally 200MW contract, 210.53MW nameplate output).
Full outcomes and extra data on the LT1 may be discovered on the IESO’s web site.
