By Melodie Michel
Lithium-ion battery providers are currently getting a lot of interest from miners in places where peak grid prices weight a lot in global adjustment–Ontario being one of them. “Energy cost is the primary driver: global adjustment is C$500,000 to C$5500,00 a MW/year, so every megawatt you can source from a different source, such as energy storage, during these peak times, you can take off of your bill. We then have an arrangement with customers to share that saving,” says Toby Titkinsky, Senior Vice President for Business Development at Convergent.
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