Stem, the global provider of artificial intelligence (AI)-driven energy storage services, is deploying a 2.5-MWh energy storage system in St. Mary’s, Ontario at INOAC Interior Systems. INOAC, a supplier to the automotive industry. The system will save money and help reduce the expensive electricity peaks that impact all electricity consumers in the province.
With Stem, INOAC aims to reduce their Global Adjustment and energy costs automatically—without changing plant operations or making a capital investment.
Based in Japan, INOAC is a diversified manufacturing company established in 1926, with over 100 facilities operating in 20 countries and over 20,000 employees.
“As an environment-friendly manufacturer, INOAC has strong environmental policies that guide our corporate operations. The opportunity to leverage an emissions-free resource while improving cost efficiency were the driving factors in our decision,” said Roger Dawes, President of INOAC Interior Systems Inc. “Stem’s AI-driven platform and execution experience enables an automated way to reduce energy costs with no interference in our operations.”
Each year, the Independent Electricity System Operator (IESO) determines Ontario’s five highest hours of net energy demand for the previous 12 months. Class A eligible customers that participate in the Industrial Conservation Initiative pay Global Adjustment based on their percentage contribution to the top five peak demand hours.
“Unleashing the benefits of energy storage technology is a key focus of Ontario’s 2017 Long-Term Energy Plan and an important part of our continued commitment to improve energy affordability for our province’s job creators,” said Glenn Thibeault, Minister of Energy. “Through our Industrial Conservation Initiative (ICI) program, we’re also providing incentives for large electricity consumers, like INOAC Interior Systems, to reduce their consumption during peak hours and lower their electricity costs. This program is benefiting both families and businesses, and the electricity system as a whole by deferring the longer-term need for investments in new peaking generation.”
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