Compressed air energy storage technology could save Ontario $8 billion: New study
TORONTO, June 23, 2015 /CNW/ - A new technology to store excess energy generated by green energy sources could save Ontario up to $8 billion over a 20-year period, according to a study commissioned by NRStor and General Compression Inc.
"Ontario has made great strides in eliminating carbon emissions, but there is more work to be done," says Dr. Andrew Ford, author of the study and Professor Emeritus at Washington State University. "Renewable sources of energy can be unpredictable. Energy storage technology can make renewable energy available whenever it's needed – and that will pay dividends for Ontario."