Canadian Grid Operator Signs $50 Million Deal for Energy Storage
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The Independent Electricity System Operator in the Canadian province of Ontario plans to install six energy storage systems to stabilize its grid.
Leclanche SA, the Swiss company providing the technology, signed a deal with the grid operator valued at $50 million to $75 million, Chief Executive Officer Anil Srivastava said Thursday in a phone interview. The combined capacity of the six systems will be 53 megawatts.