Indian state-owned company Energy Efficiency Services Limited (EESL) has invested $12m in the 28MW Basin 1 and 2 battery storage project in the Canadian province of Ontario.
EESL has partnered with UK advisor EnergyPro to form EESL EnergyPro Assets Limited (EPAL) for the project. The JV has invested $12m in the scheme.
Basin 1 and 2 is being built and owned by Swiss lithium-ion battery developer Leclanché and development partner Deltro Energy.
The 28MW/14 MWh project will provide services to the Independent Energy Systems Operator that oversees and manages the power grid of the province of Ontario, and is interconnected to Toronto Hydro, the largest municipal electricity distribution company in Canada.
“We are excited to be working with our joint venture partner EESL and Leclanché on this significant utility scale energy storage project,” said EnergyPro managing partner Steven Fawkes.
“We see it as a first step to deploying energy storage solutions at a range of scales, something that will be essential to the energy transition in all economies.”
EPAL chairman Saurabh Kumar added: “It has been our constant endeavour to make future-ready technology solutions accessible. We are confident that this partnership will help bring a new era of clean energy solutions for the world.”
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