By this fall, Alberta will know what its overhauled electricity system will look like, and how energy storage, a vital component of energy security, will be factored into future-proofing the grid.
The technology works, she said in a recent interview. Now it’s all about making it economically attractive enough to entice developers to invest.’s power market is unique in Canada, in that it relies on the private sector to bear the risks and responsibilities of adding new capacity. Unlike in other provinces, there is no centrally administered planning mechanism. Instead, companies are driven mainly by the revenue they make from market volatility, or when the price of power spikes.
Storage already linked into Alberta’s grid helped avoid a catastrophic failure during a brutal cold snap in January. The AESO issued aat the time, after natural-gas-fired power plants went offline and a shortage of wind, coupled with winter’s long periods ofPower deployed from storage didn’t directly provide energy during the crisis, Ms. LeBlanc said.
The company is currently building a demonstration project in the United Kingdom, and Mr. Bertényi said Australia, Chile and the U.S. – along with Alberta – offer huge energy storage opportunities. The U.S. energy storage market set a capacity installation record in the first quarter of 2024, increasing 84 per cent from the year prior, according to thereport released this week by analyst Wood Mackenzie and the American Clean Power Association. Nevada, California and Texas accounted for 90 per cent of that new capacity.
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