Business View Magazine - Nov 2023

100 BUSINESS VIEW MAGAZINE VOLUME 10, ISSUE 11 “We’re technology agnostic,” says Executive Director Justin Rangooni, “and what that means is that we look at, support, and advocate for all energy storage technology.” In practical terms, this means that the list of technologies the company supports includes those that are well-known, like batteries, compressed air storage, flywheels, and thermal. At the same time, the list also includes newly developed methods like electrolysis and hydrogen storage as well. Having such a wide reach allows the company to remain active within all of Canada’s provinces. However, its focus remains solely on energy storage technology. A lot of the company’s activity is also inspired by the Canadian government’s aspirational goal of establishing a provincial net zero electricity grid by 2035 and then a country-wide grid by 2050. “If this goal is going to be attained by 2035, what role does energy storage have to play?” Rangooni asks, “We [reported} a power advisory estimate of about 8 to 12 gigawatts of energy storage that would need to be installed across Canada and various provinces to help Canada achieve the net zero goal.” So, apart from research and development, much of the company’s work also involves the removal of regulatory and legislative barriers to create market opportunities for Canada’s eventual transition into cleaner energy. The Method and Partnerships Driving Canadian Sustainable Energy The conversation of energy, as well as its impact on the global environment, has always been one charged with resistance, controversy, and, in some cases, conspiracy. However, none of that moves the needle forward, so as a company, Energy Storage Canada seeks to improve the efficiency of the companies and partners that are already aligned with clean energy practices. It stands to set an example that demonstrates how environmental stewardship and economic prosperity can coexist. “What Energy Storage does is it optimizes what’s on the grid already. So, if you’re grid is clean with wind, solar, hydro… clean, green energy, [we] can optimize that,” Rangooni explains. Essentially, the installation of Energy Storage can make sure that when the wind’s not blowing or the sun’s not shining, the energy that has been produced continues to efficiently supply the grid. Alternatively, when the energy supply is high but demand is low, the company can “capture all that good, clean energy and then release it back into