Ontario building more electricity generation and storage
Monica FergusonIndustry Energy battery manufacturing electric vehicles electricity generation energy storage resources new jobs Ontario government
The Ontario government has directed the Independent Electricity System Operator to acquire 4,000 MW of new electricity generation and storage resources. This will include 1,500 MW of stand-alone energy storage resources, up to 1,500 MW of natural gas generation, with the remainder coming from other resources.
“Our government is building the electricity generation and storage needed to support our success in driving electrification and attracting new jobs to the province including unprecedented investments, from electric vehicles and battery manufacturing to clean steelmaking,” said Todd Smith, minister of energy. “Saying no to jobs and investment is a non-starter for our government. An unreliable system with brownouts and blackouts is a non-starter for our government. With today’s actions we are ensuring that the electricity will continue to be there for families and businesses when they flip the switch.”
Ontario has been operating with an electricity surplus for over a decade, and supply will continue to meet demand until at least 2025 without new build electricity resources.