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High hydro costs forge a 42MWh energy storage deal in Ontario

NRStor Inc., and IHI Energy Storage announce eight contracted projects based on a new Memorandum of Understanding between the two companies

By Editorial Team August 3, 20180

NRStor Minto Flywheel Project. NRStor Inc. is a privately held Toronto-based energy storage project developer. / NRStor Minto Flywheel Project

NRStor has signed contracts for eight behind-the-meter (BTM) energy storage projects totaling 42MWh.

The projects are designed to address adjustment charges that are causing higher electricity fees in Ontario.

According to the press release, IHI Energy Storage, a division of IHI, Inc has agreed to provide the lithium-ion batteries, inverters, and software for the projects.

NRStor’s commercial and industrial (C&I) will build, own, and operate the structure.

The energy storage projects are expected to be operational in 2019.

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