Burlington project in line to receive share of $6.8M from organization that runs Ontario’s power grid
Published February 2, 2022 at 1:06 pm
A Burlington project is among those in line to receive a portion of $6.8M in funding from the organization that runs Ontario’s power grid.
The Independent Electricity System Operator (IESO) today announced the Burlington project that will help communities meet their energy goals is among those receiving funding
“Innovative projects such as those funded through our Grid Innovation Fund offer real promise for the future of Ontario’s electricity sector,” said Lesley Gallinger, IESO’s president and chief executive officer.
“By continuing to tap into the skills of Ontario’s talented innovators, we see a real opportunity for these projects to help consumers reduce energy costs, support economic growth and help ratepayers find value.”
The IESO operates Ontario’s power grid, ensuring Ontarians receive a reliable and cost-effective source of power when and where they need it. It works with sector partners and engages with communities across Ontario to plan and prepare for the province’s electricity needs now and into the future.
The Burlington Pollution Probe and QUEST Community Energy Planning project hopes to develop an implementation approach that integrates stakeholder and utility engagement, identifies best practices, and provides a draft work plan.
“The Grid Innovation Fund is helping Ontario use energy more efficiently and supporting innovation locally,” said Todd Smith, Minister of Energy. “I commend the IESO for providing funding for these exciting projects that will test and demonstrate innovative new ways to manage energy consumption and reduce costs for families and businesses.”
With electricity consumption projected to rise, Ontario’s communities and businesses are developing innovative energy management solutions that help make the electricity system more efficient, affordable and sustainable.
Through the Grid Innovation Fund, the IESO supports pilot projects that explore new ways to enhance sustainability and energy efficiency through the use of artificial intelligence, equipment upgrades and new processes.
Since its inception in 2005, the IESO’s Grid Innovation Fund has supported more than 260 projects, taking innovative ideas from partners and turning them into knowledge that enables the enhanced reliability, sustainability and resilience of the provincial electricity system.
Conservation and energy management projects have already shown value to Ontario ratepayers by reducing overall demand for electricity. These programs also help consumers better manage their electricity costs and support business competitiveness.
In addition to the Grid Innovation Fund, the IESO’s Save on Energy programs provide a range of incentives to businesses and residents to help manage energy use and reduce bills. From 2011 to 2021, more than 270,000 Save on Energy program participants have saved 17 TWh of electricity, equivalent to powering more than two million homes for a year.insauga's Editorial Standards and Policies advertising