Grid Innovation Fund Evaluation Demonstrates Potential for Cost Savings
January 6, 2022
A new third-party analysis from Resource Innovations (formerly Nexant) evaluated 27 innovation projects that were funded through the IESO’s Grid Innovation Fund between 2014-2017. The results showed that if these innovative technologies were to be adopted to their achievable potential across the province, the resulting energy and demand savings could reduce costs to our energy system and customers by half a billion dollars.
The report also underscores not only the financial benefits but the environmental benefits of investing in these innovative energy projects. It will help the IESO learn more about what kinds of projects can provide the best value to customers and communities and highlights the importance of innovation in the electricity sector. The full report is available on the Grid Innovation Fund web page.