{"id":5693,"date":"2021-06-18T11:49:51","date_gmt":"2021-06-18T09:49:51","guid":{"rendered":"https:\/\/nodesmarket.com\/?p=5693"},"modified":"2024-02-19T13:33:29","modified_gmt":"2024-02-19T12:33:29","slug":"ontario","status":"publish","type":"post","link":"https:\/\/nodesmarket.com\/no\/ontario\/","title":{"rendered":"Newmarket-Tay Power, Elexicon Energy, Powerconsumer and NODES partner in Ontario project supported by IESO Grid Innovation Fund"},"content":{"rendered":"

The partners are collaborating for Grid Innovation to demonstrate benefits of local energy markets for utilities of the future. <\/strong><\/p>\n

NODES is partnering with Ontario, Canada based Powerconsumer Inc, Newmarket-Tay Power Distribution and Elexicon Energy, on a project to estimate the potential for local energy markets to deliver more affordable, reliable, resilient, and environmentally sustainable electricity systems.<\/p>\n

With financial support from the Ontario Independent Electricity System Operator (IESO) Grid Innovation Fund, the project will simulate how distribution system operators of the future can integrate local energy resources to reduce costs to customers, improve the reliability and resilience of the distribution system, and lead to more sustainable outcomes in the communities they serve.<\/p>\n

The project will integrate software platforms developed by Powerconsumer and NODES to model how electricity customers and local distribution companies can work together to plan and invest for more connected, more integrated, and more sustainable local energy systems.<\/p>\n

\u201cNewmarket-Tay Power is looking forward to working with our partners to understand the evolution of a distributed energy grid. We believe that Local Distribution Companies will play an integral role in establishing viable local energy markets. This project will be a first step in understanding what that future may look like.\u201d says\u00a0Ysni Semsedini, President and CEO, Newmarket-Tay Power Distribution<\/em><\/p>\n

\u201cJurisdictions around the world are looking at how to integrate distributed energy resources to create stronger, more sustainable electricity systems. Elexicon Energy is looking forward to working with our partners to identify exactly how local distribution companies and these energy resources can support this evolution and unlock the value these technologies can potentially provide to all stakeholders.\u201d says\u00a0Falguni Shah, Vice President Technology and Innovation, Elexicon Energy<\/em><\/p>\n

\u201cThis project is about creating value from collaboration, working together to understand how local energy markets can help electricity distributors leverage local resources to meet customers\u2019 needs.\u201d says\u00a0Adam White, Founder and CEO, Powerconsumer Inc.<\/em><\/p>\n

\u201cBy harnessing the power of artificial intelligence, the availability of big data, and the collaboration of everyone involved, this project will provide insights on how a local energy market will reduce costs and increase benefits for customers and utilities in the future.» adds\u00a0Trevor Su, Co-Founder and Chief Technology Officer, Powerconsumer Inc.<\/em><\/p>\n

\u201cNODES is excited to work with our local partners in Ontario to demonstrate technology solutions to modernize the grid and enable more distributed energy resources. Instead of expanding the capacity of the grid, we will simulate how a marketplace provides more dependable and affordable electricity options for flexibility services.\u201d says\u00a0Svein J\u00f8rgen S\u00f8nning, Head of Technology, NODES<\/em><\/p>\n

\u201cOur forecasts show that electricity demand is expected to increase this decade across the province, resulting in a need for new supply. This local electricity market simulation will show how we can tap into the existing capabilities of businesses and communities to help keep our electricity grid reliable this decade, while also providing them with revenue opportunities.\u201d says\u00a0Katherine Sparkes, <\/em>Director, Innovation, Research & Development, IESO<\/em><\/p>\n

\"\"<\/a><\/p>\n

Newmarket-Tay Power Distribution Ltd.\u00a0<\/strong>is an electricity distributor licensed by the Ontario Energy Board. NT Power provides electricity distribution services in the Towns of Newmarket and Midland and certain parts of the Township of Tay. The shareholders are the Town of Newmarket and the Township of Tay. Newmarket-Tay Power currently serves approximately 50,000 electricity distribution customers.<\/p>\n

Contact:
\nBlaine Osmond
\nCommunications Coordinator, BBA
\nNewmarket-Tay Power Distribution Ltd.
\nbosmond@nmhydro.ca
\n+1 705-529-9439<\/p>\n

\"\"<\/a><\/p>\n

Elexicon Energy\u00a0<\/strong>is the fourth largest municipally owned electricity distributor in Ontario, our vision is to empower the communities we serve and help customers seize opportunities to ignite a better future. We provide over 171,000 residential and business customers with reliable and affordable energy services.\u00a0Elexicon Energy<\/a>\u00a0is owned by five municipalities: the City of Pickering, the Town of Ajax, the Town of Whitby, the City of Belleville, and the Municipality of Clarington.<\/p>\n

Contact:
\nKimberly Brathwaite
\nBrand and Public Relations Advisor
\nElexicon Energy
\nkbrathwaite@elexiconenergy.com
\n+1 905-424-947<\/p>\n

\"\"<\/a><\/p>\n

Powerconsumer Inc<\/strong>., based in Toronto, Ontario, is an energy solutions company that provides software for distribution system operators and their customers to minimize costs, risks, and carbon. As an independent platform for local energy markets, we want to create an environment that accelerates energy system transformation to a low-carbon future.<\/p>\n

Contact:<\/p>\n

Adam White
\nFounder and CEO
\nPowerconsumer Inc.<\/p>\n

adam.white@powerconsumer.com
\n+1 416-999-5781<\/p>\n

\"\"<\/a><\/p>\n

About the IESO Grid Innovation Fund<\/strong><\/p>\n

The Grid Innovation Fund advances innovative opportunities to achieve electricity bill savings for Ontario ratepayers by funding projects that either enable customers to better manage their energy consumption or that reduce the costs associated with maintaining reliable operation of the province\u2019s grid. The Fund makes investments in specific projects \u2013 not companies \u2013 with clear objectives. It supports projects that validate the performance and business case of promising new technologies, practices, and services. The Fund also supports projects that identify and mitigate market barriers, or otherwise accelerate the adoption of competitive cost-effective energy solutions.<\/p>\n

For information about the IESO Grid Innovation Fund check out https:\/\/www.ieso.ca\/en\/Get-Involved\/Funding-Programs\/Grid-Innovation-Fund\/Overview<\/a> or email gridinnovationfund@ieso.ca<\/a>.<\/p>\n

\"\"<\/p>\n

NODES, <\/strong>based in Oslo, Norway, is a platform provider, facilitator, and operator of independent marketplaces for a sustainable energy future where grid owners, producers and consumers of energy can trade decentralized flexibility and energy. NODES is focused on unlocking the true value of energy flexibility via an open, transparent, integrated, and independent marketplace.<\/p>\n

Contact:<\/p>\n

Svein J\u00f8rgen S\u00f8nning
\nHead of NODES technology
\nNODES<\/p>\n

svein.jorgen.sonning@nodesmarket.com
\n+47 452 77 559<\/p>\n","protected":false},"excerpt":{"rendered":"

NODES is partnering with Ontario, Canada based Powerconsumer Inc, Newmarket-Tay Power Distribution and Elexicon Energy, on a project to estimate the potential for local energy markets to deliver more affordable, reliable, resilient, and environmentally sustainable electricity systems.<\/p>\n","protected":false},"author":3,"featured_media":9015,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[60],"tags":[77,29,76,30,79,78],"class_list":["post-5693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-elexiconenergy","tag-flexibilitymarkets-2","tag-newmarket-taypowerdistribution","tag-nodesmarket","tag-peso","tag-powerconsumer"],"acf":[],"yoast_head":"\nNewmarket-Tay Power, Elexicon Energy, Powerconsumer and NODES partner in Ontario project supported by IESO Grid Innovation Fund - 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