Convergent Commissions the Biggest Behind-The-Meter Energy Storage System in North America
Oct 29, 2018
Convergent Energy + Power and IHI, Inc. have launched North America’s biggest behind-the-meter energy storage system, located in Sarnia, Ontario. The system, with hardware and software provided by the energy storage division of IHI, Inc., is reducing Ontario’s Global Adjustment charge for an industrial customer by reducing the amount of grid electricity the facility consumes during grid peak periods.
The 10 MW/20 MWh system has enough energy to run an electric bullet train for 500 miles. With this commissioning, Convergent is operating 26 MW of energy storage assets in Ontario alone and is the largest operator of energy storage in the province.
Global Adjustment, which comprises up to 70% of the average industrial electricity bill in Ontario, incentivizes large electricity users to reduce their consumption during the most expensive grid periods. Convergent entered the Ontario market in 2014, becoming the first company to bring a Global Adjustment energy storage system online. Like Convergent’s other energy storage systems operating in Ontario, this system has already hit this summer’s peaks with no interruption to the customer. Convergent’s proprietary algorithm is 25% more accurate at peak prediction than public market forecasts and together with the battery system can save large commercial and industrial customers up to 40% on their electricity bills.
Convergent manages all aspects of the energy storage asset development cycle to help customers navigate an increasingly expensive, decentralized, and renewable-driven energy landscape. With over 120 MWs and 240 MWhs of projects in operation, construction, or under contract, Convergent is also the largest independent operator of energy storage in North America. Find out more: convergentep.com.
