How much energy storage does Canada need?

Image: NRStor. Energy Storage Canada’s 2022 report, Energy Storage: A Key Net Zero Pathway in Canada indicates Canada will need a minimum of 8 to 12GW of energy storage to ensure Canada achieves its 2035 goals.

Should energy storage be a key component of Canada's energy future?

Long-duration storage should be a key component of Canada’s energy future Additionally, while it is important we act and act quickly to deploy energy storage to meet the evolving needs of Canada’s energy system, we also need to act with an eye toward the long-term beyond 2035.

Does Canada need more energy storage for net zero?

Image: NRStor. Canada still needs much more storage for net zero to succeed Energy Storage Canada’s 2022 report, Energy Storage: A Key Net Zero Pathway in Canada indicates Canada will need a minimum of 8 to 12GW of energy storage to ensure Canada achieves its 2035 goals.

Does Canada have pumped hydro storage?

And Canada has long history with LDES, notably Ontario Power Generation’s (OPG) pumped hydro storage project in Niagara Falls, and about 90% of the installed energy storage capacity around the world to date is pumped hydro storage. There are several long duration technologies that are proven and operational now.

What is a battery energy storage system?

Battery Energy Storage Systems (BESS) are tools that store electrical energy. Within Canada, all energy storage projects currently under construction are BESS. Proposed and under-construction projects have a power range between 1 MW and 411 MW, with an average storage capacity range of 0.5 hours to 6 hours.

Is energy storage a new economic frontier?

With the country’s target to reach zero-net emissions by 2050, energy storage is a strategic component in the energy transition and a new economic frontier. Accordingly, opportunities for energy storage development and financing are rising, similar to the heightened interest in the solar technologies a decade ago.