Research

A study on the energy storage market in Canada

March, 2021

Summary

The objectives of this study were to 1) identify and describe energy storage technologies that could be deployed in Canada, 2) characterize Canada’s current energy storage market and 3) quantify the potential adoption and value of energy storage through mid-century within Canada. To accomplish these objectives, Navius developed a version of its North America-wide electricity dispatch model (IESD) capable of simulating the adoption of grid-scale storage.

Highlights:

  • 2-8 hour storage, consistent with the capabilities of lithium-ion batteries, is likely to become a significant component of Canada’s electricity system.
  • The role for “long-duration storage” (8+ hours), consistent with flow batteries or other advanced chemistries, is less certain and more dependent on climate mitigation ambition.
  • A role exists for seasonal storage if costs are low enough to compete with gas plants used at low capacities.

Click above to download our report.

Click above to download our slide deck.

Download our report and slide deck.

This study was commissioned and funded by Natural Resources Canada.

To learn more about this research, please contact Noel Melton.

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