Grants and Contributions:
Title:
Advanced Compressed Air energy Storage (A-CAES)
Agreement Number:
GISG 3041
Agreement Value:
$4,373,250.00
Agreement Date:
Sep 10, 2019 - Jun 30, 2027
Description:
The purpose of this project is to improve existing asset utilization and efficiency, improving grid reliability and resilency while maintaining or improving cybersecurity, and increasing grid flexibility and the penetration of renewable generation.
Organization:
Natural Resources Canada
Expected Results:
The expected results are reduced greenhouse gas emissions, the generation of economic and social benefits, increased electricity system efficiency and use of existing assets, increased electricity system reliability and resiliency with maintained or enhanced cyber security; and increased electricity system flexibility.
Location:
CHARLOTTETOWN, Prince Edward Island, CA C1A 7N8
Reference Number:
115-2019-2020-Q2-08429
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Type:
Other
Additional Information:
Grant or contribution awarded and spanning more than one fiscal year.
Recipient's Legal Name:
PEI ENERGY CORPORATION
Program:
Smart Grid Deployment Program
Program Purpose:
The objective is to support the reduction of greenhouse gas emissions from Canada's energy sector through a set of deployment programs which allow for a smarter grid systems, deployment of emerging renewable electricity projects, and deployment of renewable energy to reduce the reliance of diesel generated heat and power in rural and remote communities.