Energy Storage Site to Help Grid Stabilization in Ontario
Energy Storage Site to Help Grid Stabilization in Ontario via Hydrogenics Corporation https://ift.tt/2Ll6cm9 MISSISSAUGA, Ontario, July 16, 2018 (GLOBE NEWSWIRE) -- Hydrogenics Corporation (NASDAQ:HYGS) (TSX:HYG) (“Hydrogenics” or “the Company”), a leading developer and manufacturer of hydrogen generation and hydrogen fuel cell power systems, today announced that the Markham Energy Storage Facility, owned and operated under a joint venture between Hydrogenics and Enbridge Gas Distribution, is now providing regulation services under contract to the Independent Electricity System Operator (IESO) of Ontario. As previously announced, this project was originally awarded as one of several technology applications selected by the IESO for power grid stability and reliability services in the province. Regulation service is an important reliability function that corrects for short-term changes in electricity use and helps compensate for real-time supply and demand imbalances. The Enbridge-Hydrogenics 2.5MW facility – designed and built on a 5MW scalable platform – features the Company’s next-generation PEM electrolyzer technology, which has the highest power density and smallest footprint of any such system in the world. Daryl Wilson, President & CEO of Hydrogenics, stated, “We are very excited to have this latest, multi-megawatt Power-to-Gas facility up and running – here in our own back yard – providing the IESO with a fast-responding resource to enhance the flexibility and reliability of operating the grid. Drawing on our experience of providing large scale energy storage facilities in Europe, this new operation, managed with Enbridge, will be a showcase for our advanced technology in North America. With Markham up and running, Hydrogenics has now delivered over 25 megawatts of energy storage capacity using our Power-to-Gas expertise.” “I’ve worked in the energy sector my entire career and this is one of the most exciting projects in which I’ve ever been involved,” said Jim Sanders, President, Enbridge Gas Distribution. “I’m proud to see a Canadian company leveraging world-class Canadian technology to solve current energy challenges. Today is a major milestone for Enbridge and Ontario’s energy sector.” This project is another example of how the Company’s Power-to-Gas technology is transforming the energy sector through the production of renewable hydrogen for zero-emission fuel cell electric vehicles (train, bus and truck fleets) or other applications while providing grid services to System Operators. About Hydrogenics Hydrogenics Corporation (www.hydrogenics.com) is a globally recognized developer and provider of hydrogen generation and fuel cell products and services, serving the growing industrial and clean energy markets of today and tomorrow. Based in Mississauga, Ontario, Canada, Hydrogenics has operations in North America and Europe.
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