Ontario invests millions in smart grid, but needs billions
At DistribuTECH this week, the Ontario Clean Technology Alliance put out a call for investments in research and development and advanced manufacturing to support what the Ontario Independent Electricity System Operator (IESO) estimates to be an average of about $390 million per year, or $1.95 billion in total over five years, to enable the connection of distributed generation in a more intelligent grid.
There are numerous economic incentives for establishing smart grid businesses in Ontario. Over the past year, the Province of Ontario's Smart Grid Fund provided $2.8 million for the Durham Smart Grid Demonstration Project and $7.9 million for the grand opening of a $40 million Grid IQ Global Innovation Centre by General Electric, among others. Ontario's Smart Grid Fund made its first investments in June 2012. From there, its first 13 investments racked up $25 million.
The Durham Project is a collaboration of partners to build a utility control center to improve dispatching, monitoring, asset assessment, load modeling and other system requirements for participating power utilities. The 200,000-square-foot GE Grid IQ Global Innovation Center is designed to foster innovation and global collaboration to improve the efficiency, reliability and security of electrical grids globally.
- see this release