In our season two finale, I spoke with Carl Haeussler, Director of Business Development at Brookfield Renewables (EVOLUGEN), and a good industry associate. We discuss generation at a high level with a focus on Battery Energy Storage Systems (BESS).
BESS has seen rapid growth in recent years. It is a simple concept for storing excess energy from a high voltage grid or local distribution network, and using it during peak times when energy rates are at their highest.
BESS systems are complex, even though they are viewed as a stationary storage device. They can provide voltage regulations, frequency droop compensation, as well as functionality to black start grids during large outages.
The Independent Electricity System Operator (IESO) has been working on their long-term plans to find and allocate resources to meet the demand and needs of the future for Ontario. The IESO views BESS as the most cost-effective solution on the market that will taper electricity rates paid by Ontario residents and hopefully reduce those rates.
There are no other technologies available on the market that are financially feasible enough, and have as low a public impact as BESS to support growth. It is one of the best solutions for grid stability.
The need for power in Ontario is greater than it has ever been. BESS is necessary to facilitate the growth objectives set forth by the province.
Key Takeaways:
