Impact
FAQ
A: While our national net zero ambition requires a reduction of emissions, individuals and businesses across Ontario will still need energy. CAES speaks to the former while delivering on the latter. The repurposed green energy that CAES will provide the grid reduces energy waste (by repurposing energy) and greenhouse gas emissions (by using emissions-free technology and reducing reliance on non-clean energy sources). The reduction in greenhouse gas emissions alone are equivalent to removing more than 328,000 cars from our roads.
CAES: COMPRESSED AIR ENERGY STORAGE
CONSERVATION.
INNOVATION.
Bedrock’s Compressed Air Energy Storage solution (CAES) will have the following impacts:x
FINANCIAL
Bedrock’s CAES will save Ontario ratepayers upwards of $150M, and promises to create hundreds of jobs in Ontario — all in support of a sustainable future. Repurposing surplus green energy will help stabilize energy prices for ratepayers.
ENVIRONMENTAL & INNOVATIVE
THE PROBLEM
How do we balance Ontario’s peak energy demands with the intermittent supply provided by various sources of renewable energy?
THE SOLUTION
1. Managing Ontario’s peak energy demands
Ontario’s homes and businesses need power to operate, and sufficient power is not always available to satisfy demand. In periods of both high and low demand, excess energy can be generated. In low-demand periods, this excess is simply related to how low the demand is, i.e. demand is lower than production. In high-demand periods, this excess is related to demand dropping while production is still at peak rates, i.e. production gets ramped up to deal with demand, but does not necessarily stop on a dime when demand drops.
2. Managing intermittent renewable energy supply
Ontario’s homes and businesses need power to operate, and sufficient power is not always available to satisfy demand. In periods of both high and low demand, excess energy can be generated. In low-demand periods, this excess is simply related to how low the demand is, i.e. demand is lower than production. In high-demand periods, this excess is related to demand dropping while production is still at peak rates, i.e. production gets ramped up to deal with demand, but does not necessarily stop on a dime when demand drops.
3. Lowering emissions on the way towards net-zero
The future will bring with it various challenges, many of which we are already starting to feel and face. Canada’s net zero emissions goals already require significant progress to be made with regards to our energy infrastructure as well as our energy innovation. CAES is a significant step in the right direction, and one that benefits all stakeholders and ratepayers in equal measure while also utilizing and safeguarding our natural environment.