When we receive a response to a grant application, one of the key concerns is often whether the client is aware of energy-related issues. Federal grant programs allow us to receive a 30% tax credit for an electrical energy storage project, but we believe this percentage is insufficient.
We agree that the client benefits significantly from the energy storage strategy and that the client should pay a portion of the cost. However, if I compare this to the 250-megawatt battery storage system installation project in Ontario that I mentioned earlier, we're talking about a cost of $2,400 per kilowatt installed for daily peak management. This covers a four-hour period each day. The subsidy we currently receive is approximately $500 per kilowatt. That leaves $1,500, which the customer must pay to install a battery on the customer side of the meter. What I am suggesting is to increase the subsidy to $1,000 per kilowatt on the industrial side, which is 50%.