Ontario Invites Global R&D and Advanced Manufacturing Investment to Help Build $1.95 Billion of Smart Grid Infrastructure
SAN DIEGO, CA, Jan 29, 2013 (Marketwire via COMTEX) --
DistribuTECH - The Ontario Clean Technology Alliance is inviting global industry participants at DistribuTECH -- the utility industry's leading smart grid event -- to invest in research and development (R&D) and advanced manufacturing to help build out the electricity system of Canada's largest, most populous province. The Ontario Independent Electricity System Operator (IESO) estimated that starting in 2012 an average investment of about $390 million per year, or $1.95 billion in total over five years, is needed to enable the connection of distributed generation, such as wind and solar, in a more intelligent, cost-effective way.
Over the past year, the Province of Ontario has taken a very active role in funding smart grid research and development projects that spur industry activity. These include the $2.8 million Durham Smart Grid Demonstration Project, a $1 million, Cisco-backed new Smart Grid Research Chair at the University of Waterloo, and the grand opening of a $40 million Grid IQ Global Innovation Centre by General Electric (GE) Company (supported by $7.9 million from the Province).
"The Durham Smart Grid Demonstration Project is possible thanks to $2.8 million from Ontario's Smart Grid Fund," said Rob Nolan, 2013 Chair of the Ontario Clean Technology Alliance and Manager, Investment Attraction for the Regional Municipality of Durham. "The Project is a collaboration of several partners, among them, the Durham Strategic Energy Alliance, the University of Ontario Institute of Technology (UOIT), and Siemens Canada. Its objective is to build a utilities control centre to improve dispatching, monitoring, asset assessment, load modeling and other system requirements for participating power utilities."
The new Cisco Chair in Smart Grid will focus research on the full integration of information science and technology concepts for the power grid in order to enhance its effective performance of key components such as storage and renewable resources. The new Chair is part of Cisco's ongoing sponsorship of research initiatives at the University of Waterloo.
The 200,000-square-foot GE Grid IQ Global Innovation Centre, launched in the fall of 2012 in Markham, Ontario, is designed to foster innovation and global collaboration to improve the efficiency, reliability and security of the world's electrical grids.
Ontario is serious about Smart Grid efficiencies and energy conservation. The province's efforts have decreased electricity demand by over 1,900 MW between 2005 and 2011 -- the equivalent of over 600,000 homes being taken off grid.
About the Ontario Clean Technology Alliance
The Ontario Clean Technology Alliance offers a highly educated workforce, excellent growth opportunities, a low-risk business environment, and generous R&D tax credits that are the envy of other countries. The Alliance includes Greater Toronto Area, Ottawa Region, City of Hamilton, Waterloo Region, Niagara Region, Windsor-Essex, City of London, Sarnia-Lambton, City of Guelph, the Municipality of Chatham-Kent and the Southwestern Ontario Marketing Alliance. The Department of Foreign Affairs and International Trade Canada as well as the Ontario Ministry of Economic Development and Innovation are also Alliance partners. For more information, go to www.ontariocleantechalliance.com
FOR FURTHER INFORMATION PLEASE CONTACT:
Ontario Clean Technology Alliance media contacts:
Senior Business Development Officer
Canada's Technology Triangle Inc.
Jill McCubbin Conversation Architect market2world communications inc. Phone: 613-256-3939 Email: email@example.com
SOURCE: Ontario Clean Technology Alliance
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