Federal Science Minister Kirsty Duncan visited Ryerson University Tuesday to announce $5 million in funding for Ryerson’s Centre for Urban Energy and its research on energy storage.
The Natural Sciences and Engineering Research Council of Canada (NSERC) Energy Storage Technology Network (NEST), based out of Ryerson, will be one of the 76 research teams across the Canada to receive funding, which will total more than $48 million.
The research team is led by Bala Venkatesh, a founding academic director and head of the Centre for Urban Energy.
“Dr. Venkatesh and his team of more than 25 researchers at 15 different universities are energizing the future,” Duncan said. “We are proud to support his work.”
The $5 million will go towards creating alternatives to traditional energy systems. Ryerson’s Centre for Urban Energy is currently looking at lithium ion batteries, compressed air energy storage and thermal storage.
“(Duncan’s) investment in this network will help develop the next generation of energy storage products for Canada and worldwide, we definitely believe that,” Venkatesh said. “Ryerson is on the move, building clean energy solutions, so we wish to join with (Duncan) to create a carbon-zero society.
The Centre for Urban Energy opened in September 2010 with a $7 million investment from Hydro One, Toronto Hydro and IESO. Since then, the centre has completed energy projects worth an additional $9.9 million—some of which have already been commercialized.