(Bloomberg) — General Electric Co. agreed to provide a
lithium-ion battery system to Ontario’s Independent Electricity
System Operator, the equipment supplier’s second storage deal in
six weeks as demand from utilities increases.
Convergent Energy + Power will install the 7-megawatt
system, which is expected to be operational in the third quarter
of next year, GE said in a statement Wednesday. Terms of the
sale weren’t disclosed.
The system will help balance loads on the local grid.
Utilities are showing growing interest in batteries and other
storage technologies, in part to better manage the intermittent
power supplies that come from wind and solar farms.
GE last month sold its first lithium-ion battery system to
a Consolidated Edison Inc. unit in California, where regulators
are asking utilities to install 1.3 gigawatts of storage
capacity by 2020. Installations in the U.S. this year may triple
to 220 megawatts, according to GTM Research.
To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net
To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Will Wade, Randall Hackley