Energy Storage News•about 1 month ago
Ontario IESO procures 640MW energy storage in LT2 Request for Proposals
Key Takeaway
Ontario's substantial procurement of 640MW of energy storage through its LT2 RFP creates significant opportunities for developers and enhances grid reliability for large power consumers.
AI Summary
- •Ontario's IESO has secured 640MW of new energy storage capacity through its Second Long-Term Request for Proposals (LT2).
- •Three distinct projects were selected under the capacity stream, indicating active market opportunities for developers in Ontario.
- •This procurement signals a strong regulatory commitment to expanding grid reliability and integrating flexible resources, beneficial for large power consumers.
- •The significant investment in storage capacity suggests future demand for grid interconnection and project financing in the region.
Topics
capacity-marketinterconnectpolicystorage
Article Content
Ontario, Canada’s Independent Electricity System Operator (IESO) has secured 640MW of new capacity through three projects selected under the capacity stream of the Second Long-Term Request for Proposals (LT2).