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Canada Invests $2.3 Million in Ontario's Energy Market Transformation

TORONTO,- Unlocking Canada's clean energy potential is a critical part of delivering climate action and creating sustainable jobs. This includes investments to deploy clean energy, building storage infrastructure and investing in modernizing Canada's electricity grid.

Today, Julie Dabrusin, Parliamentary Secretary to the Minister of Natural Resources and Parliamentary Secretary to the Minister of Environment and Climate Change, on behalf of the Honourable Jonathan Wilkinson, Minister of Natural Resources, announced over $2.3 million in funding to SWITCH Power Ontario Battery Operations Corporation to deploy vital energy storage infrastructure that will enable Ontario's energy market transformation. This investment with SWITCH Power brings the total investment to nearly $7.8 million.

This project will deploy six behind-the-meter energy storage systems in Toronto, Mississauga, Belleville and Mitchell, Ontario, and will install 3.82 MWs of energy storage capacity. SWITCH Power will be operating distributed energy resources (DERs) to showcase Ontario's capability of delivering grid and market transformation, in partnership with the Independent Electricity System Operator.

This project will also support the development of an Energy Market Platform that will enable DERs to play a meaningful role in Ontario's energy grid. This will enable the grid to become more resilient and increase avenues for the delivery of electricity.

Canada already has one of the cleanest grids in the world with more than three-quarters of its electricity supply being emissions-free. As Canada moves toward a net-zero economy and electricity system, grid modernization projects such as this will help solidify the country as a leader in clean electricity generation.

Source : Newswire.ca

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