13 MW / 53 MWh IESO Energy Storage Procurement Phase 1 - Hecate Energy (Toronto Installation)
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, according to Chief Executive Officer Anil Srivastava. The combined capacity of the six systems will be 13 megawatts. The contract with IESO functions as a power purchase agreement for three years, with electricity distributor Toronto Hydro Corp. taking over the agreement for an additional 12 years.