Windsor, Colo., September 30, 2010 — Ice Energy announced a new distributed energy storage project with Canadian-based utility Veridian Connections that will help lower summer peak electrical demand in the Eastern Ontario region.
The pilot project is funded by a grant from the Ontario Power Authority under its Conservation Fund program, which supports the development of a reliable and sustainable electricity system by funding innovative conservation programs that can be scaled to achieve energy savings in the province of Ontario.
By leveraging the benefits of more efficient nighttime power generation, storing it directly on individual buildings, and dispatching it during times of peak demand, Ice Energy‘s Ice Bear energy storage solution enables utilities to use off-peak energy to meet daytime air conditioning demand, the single largest contributor to peak summer loads.
“Energy storage systems like the Ice Bear have the potential to help customers and utilities improve energy system efficiency and grid reliability,” said Michael Angemeer, President and CEO of Veridian. “The pilot presents an opportunity to better understand the contribution this technology can provide to shifting peak demand and reducing greenhouse gasses, and we’re proud to be part of this innovative project with the Ontario Power Authority.”
With the introduction of the Green Energy Act, the Ontario Power Authority’s funding guidelines were updated to allow local distribution companies to apply for pilot project support through its Conservation Fund. Veridian, along with Toronto Hydro, are the first LDCs to take advantage of the change — receiving $350,000 in funding. A total of 12 Ice Bear units will be installed within the utilities’ respective service areas.