ThinkEnergy Capturing lightning in a bottle with Energy Storage Canada
Feb 24, 2025
Justin Rangooni, CEO of Energy Storage Canada and an expert in energy policy, discusses the future of energy storage in Canada. He highlights the need for innovative storage solutions to handle excess energy and support clean energy sources. The conversation dives into advancements in battery technology and the potential for repurposing EV batteries for home use. Rangooni emphasizes the role of government and private investments in the sector, alongside the importance of community safety and involvement in new energy projects.
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Grid Flexibility and Affordability through Energy Storage
- Traditional power grids are inflexible, requiring precise forecasting and often leading to excess energy sold cheaply.
- Energy storage offers flexibility by enabling the use of electricity generated at one time to be used later, improving grid management and customer affordability.
Benefits of Energy Storage
- Energy storage allows for using cheaper off-peak electricity during peak times, enhancing affordability.
- It supports resiliency during outages and diverse resource utilization for grid operators.
Decentralization and Community Energy
- Energy storage empowers decentralized community energy systems, giving users more control.
- It facilitates the integration of various technologies, like electric vehicles and smart thermostats, into a cohesive system.