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“Countries that provide renewable energy solutions
stand to bene昀椀t; to reach net-zero emissions by
2050, investments are expected to average about
$5.6 trillion annually.”
Clean energy critics claim that this type of energy is challenged by
intermittent supply and dependant on the weather. But energy storage
provides a bona 昀椀de solution.
Energy storage technologies work by capturing excess energy during
periods of low demand and releasing it when demand is high. Common
methods include compressing air, storing water at a higher elevation
(pumped hydro), or using chemical reactions in batteries. These systems
store energy in a way that allows it to be retrieved and used later, often to
power electrical grids or individual devices.
The largest storage energy project in the country, the Oneida energy
storage project in Haldimand County, Ont., which we featured in an
earlier edition, was recently commissioned ahead of schedule and under
budget. It’s a milestone that re昀氀ects the potential for strong collaboration
among project partners, including Canadian power producers (Northland
Power) and First Nations (Six Nations of the Grand River Development
Corporation).
“Energy storage is transforming the way we manage electricity—it’s
about making our systems smarter, cleaner, and more reliable,” explains
Vittoria Bellissimo, President and CEO of the Canadian Renewable
Energy Association. “With costs dropping signi昀椀cantly, it’s becoming
more accessible than ever, providing essential market, grid and 昀氀exibility
services. The future of energy is here, and I couldn’t be more excited about
what’s ahead.”
Countries that provide renewable energy solutions stand to bene昀椀t; to
reach net-zero emissions by 2050, investments are expected to average
about $5.6 trillion annually.
Let’s 昀氀ip the switch and lead the way.
E N V I RON M E N T J OURN A L QUA RT E RLY RE PORT • S UM M ER 2 02 5 • P AGE 5
