“Newmarket-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.”  

 –  Ysni Semsedini, President and CEO, Newmarket-Tay Power Distribution

 

“Jurisdictions 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.”

–  Falguni Shah, Vice President Technology and Innovation, Elexicon Energy

 

“This 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’ needs.”

– Adam White, Founder and CEO, Powerconsumer Inc.

 

“By 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.”

– Trevor Su, Co-Founder and Chief Technology Officer, Powerconsumer Inc.

 

“NODES 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.”

 –  Svein Jørgen Sønning, Head of Technology, NODES

 

“Our 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.”

  –  Katherine Sparkes, Director, Innovation, Research & Development, IESO

Powerconsumer Inc., 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.

NODES, 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.

Newmarket-Tay Power Distribution Ltd. 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.

Elexicon Energy 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. Elexicon Energy is 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.

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’s grid. The Fund makes investments in specific projects – not companies – 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.

Adam White
Founder and CEO
Powerconsumer Inc.
@powerconsumer
adam.white@powerconsumer.com
416-999-5781

 

Svein Jørgen Sønning
Head of NODES technology
NODES
@nodesmarket
svein.jorgen.sonning@nodesmarket.com
+47 452 77 559

 

Blaine Osmond
Communications Coordinator, BBA
Newmarket-Tay Power Distribution Ltd.
bosmond@nmhydro.ca
705-529-9439

 

Kimberly Brathwaite
Brand and Public Relations Advisor
Elexicon Energy
kbrathwaite@elexiconenergy.com
905-424-9477