EVLO Energy Storage Inc., a subsidiary of Hydro-Québec and a prominent provider of fully integrated battery energy storage systems, has recently announced a significant development. EVLO has entered into an equipment supply agreement with SolarBank Corporation, an independent developer specializing in renewable energy projects, particularly in distributed and community solar initiatives. This agreement entails the provision of EVLOFLEX battery energy storage systems (BESS) for three of SolarBank's engineering, procurement, and construction (EPC) projects situated in Ontario.
Dr. Richard Lu, Chief Executive Officer of SolarBank, commented,
We are pleased to move forward on constructing our first energy storage projects with EVLO, a leader in the Canadian battery storage industry.
[Source – Business Wire]
He further mentioned that their main concerns revolved around safety and durability and expressed confidence that the EVLOFLEX would meet both of these criteria.
These projects, strategically located within the province of Ontario, mark an expansion of SolarBank's growing renewable energy construction portfolio across both Canada and the United States. EVLO's contribution to each of these projects will consist of a 5 MW / 20 MWh EVLOFLEX system.
SolarBank is overseeing the construction of these projects on behalf of Solar Flow-Through Funds, two First Nations communities, and a third-party developer in Ontario. These projects have received the green light from Ontario's Independent Electricity System Operator (IESO) under the province's Expedited Long-Term 1 (E-LT1) Reliability Procurement program for battery storage solutions.
The projects are poised to enhance grid reliability by actively participating in Ontario's capacity markets strategically injecting power into the grid during peak demand hours to effectively manage energy consumption in a sustainable and cost-efficient manner. Beyond bolstering grid reliability, participation in the IESO capacity market opens doors to new revenue-generating opportunities. The commissioning of the BESS for these three projects is anticipated to be completed by the summer of 2025.
About EVLO Energy Storage Inc.
EVLO Energy Storage Inc. is a leading provider of fully integrated battery energy storage systems and solutions. As a subsidiary of Hydro-Québec, North America's largest renewable energy producer, EVLO offers utility-scale systems, advanced control software, and comprehensive commissioning, monitoring, and system management services, all of which deliver exceptional performance, safety, and reliability. EVLO's world-class solutions are backed by decades of research and development, and its dedicated team of industry experts is passionate about collaborating with customers to create a cleaner and more resilient energy future.