The recently introduced Canadian Net-Zero Emissions Accountability Act aims to achieve a goal of net-zero emissions by 2050. Achieving this goal will require a modernisation of Canada’s electricity system. While the federal government has taken initial steps toward this goal by phasing out coal and encouraging renewables and other zero-emission technologies, it has become clear that energy storage will need to play a much bigger role for the government’s strategy to succeed.
The election of President-elect Joe Biden south of the border gives added urgency to meeting this challenge. Biden’s platform includes “an historic investment in energy efficiency, clean energy, electrical systems and line infrastructure that makes it easier to electrify transportation, and new battery storage and transmission infrastructure that will address bottlenecks and unlock America’s full clean energy potential.”
Energy storage is mentioned a number of times in Biden’s climate and energy policies, making it clear that it will be a major area of development. Many U.S. jurisdictions are already ahead of Canada in deploying energy storage to improve their energy systems. Canada may soon find itself even further behind.
Energy storage provides a diverse spectrum of benefits, reducing ratepayer costs, improving reliability and resiliency of the electrical grid, and mitigating Climate Change. As electricity demands fluctuate through the Pandemic and the eventual recovery, storage can provide the cost-effective flexibility that we will need through these uncertain times.
Storage can reduce greenhouse gases (GHGs) by supporting increased renewables integration and optimising existing assets on the system. Technologies such as solar and wind often produce electricity at low-demand periods. Storing this energy so it can be dispatched when needed during peak demand periods will be the key to unlocking the potential of these zero-emitting sources.
Storage can also improve the efficiency of existing electricity resources, including transmission and distribution (T&D) assets, to reduce the need for new infrastructure.
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