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Georgetown Solar Inc. is developing a 230-megawatt (MWac) solar project located 11 kilometres south of Carseland, Alberta in Vulcan County. The Project encompasses 700 acres (400 soccer fields) and has been sited on privately owned cultivated farmland.
The project is being developed by Georgetown Solar and is currently owned by Metka EGN with a stake of 100%. Georgetown Solar PV Park is a ground-mounted solar project which is planned over 710 acres. The project is expected to supply enough clean energy to power 30,000 households. The project construction is expected to commence from 2024.
The Georgetown Project began development in 2020 with land securement and the initiation of environmental assessments. We are committed to sharing information about the Project and working with the local community to ensure that we receive and understand stakeholder feedback and concerns.
The Project encompasses 700 acres (400 soccer fields) and has been sited on privately owned cultivated farmland. The Georgetown Project began development in 2020 with land securement and the initiation of environmental assessments.
The global industrial and commercial energy storage market is experiencing explosive growth, with demand increasing by over 250% in the past two years. Containerized energy storage solutions now account for approximately 45% of all new commercial and industrial storage deployments worldwide. North America leads with 42% market share, driven by corporate sustainability initiatives and tax incentives that reduce total project costs by 18-28%. Europe follows closely with 35% market share, where standardized industrial storage designs have cut installation timelines by 65% compared to traditional built-in-place systems. Asia-Pacific represents the fastest-growing region at 50% CAGR, with manufacturing scale reducing system prices by 20% annually. Emerging markets in Africa and Latin America are adopting industrial storage solutions for peak shaving and backup power, with typical payback periods of 2-4 years. Major commercial projects now deploy clusters of 15+ systems creating storage networks with 80+MWh capacity at costs below $270/kWh for large-scale industrial applications.
Technological advancements are dramatically improving industrial energy storage performance while reducing costs. Next-generation battery management systems maintain optimal operating conditions with 45% less energy consumption, extending battery lifespan to 20+ years. Standardized plug-and-play designs have reduced installation costs from $85/kWh to $40/kWh since 2023. Smart integration features now allow multiple industrial systems to operate as coordinated energy networks, increasing cost savings by 30% through peak shaving and demand charge management. Safety innovations including multi-stage fire suppression and thermal runaway prevention systems have reduced insurance premiums by 35% for industrial storage projects. New modular designs enable capacity expansion through simple system additions at just $200/kWh for incremental capacity. These innovations have improved ROI significantly, with commercial and industrial projects typically achieving payback in 3-5 years depending on local electricity rates and incentive programs. Recent pricing trends show standard industrial systems (1-2MWh) starting at $330,000 and large-scale systems (3-6MWh) from $600,000, with volume discounts available for enterprise orders.