Ontario selects 640 MW of battery storage over gas plants in latest electricity auction
By
Abdul Matin Sarfraz
Summary
Ontario's latest electricity auction (LT2) selected three battery storage projects totaling 640 MW of new capacity, beating out gas plants to help meet growing electricity demand. The projects are located in Greater Napanee, Kenora District, and Norfolk County, all with First Nations partners holding at least 50% equity ownership.
Source
bskyOntario selects 640 MW of battery storage over gas plants in latest electricity auctionnationalobserver.comKey quotes
· 3 pulledBattery projects beat gas plants in Ontario's latest power auction as the province secured 640 megawatts (MW) of new storage capacity to help meet growing electricity demand.
Three battery storage projects were selected through the province's second Long-Term Request for Proposals (LT2), a process designed to secure new electricity resources at the lowest possible cost.
The projects, located in Greater Napanee, Kenora District and Norfolk County, all include First Nations partners with at least 50 per cent equity ownership.
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