Governments of Canada and Ontario to build battery storage project in Canada
by CM staff
Oneida Energy storage project will support the growth of Ontario's reliable, affordable and clean electricity grid.
OHSWEKEN — The governments of Canada and Ontario are working together to build the largest battery storage project in the country. The 250-megawatt (MW) Oneida Energy storage project is being developed in partnership with the Six Nations of the Grand River Development Corporation, Northland Power, NRStor and Aecon Group.
The federal government is providing a further $50 million in funding; the Canada Infrastructure Bank has played a role supporting project development and is collaborating with the Oneida Energy storage project on an investment agreement. This project is another milestone in Canada and Ontario’s plans to build a reliable and affordable clean electricity grid that will help to power the future of Ontario’s economy.
“When our two governments work together, in partnership with Indigenous communities, we can help to build a stronger economy and a more sustainable province,” said Chrystia Freeland, Deputy Prime Minister and Minister of Finance. “With this new federal investment — and significant support from the Canada Infrastructure Bank — this project will help make electricity more affordable for Ontario families, and play an important role in building the clean electrical grid that Ontario will count on for generations to come.”
Ontario has directed the Independent Electricity System Operator (IESO) to enter a 20-year contract for the Oneida Energy storage project to support the growth of the province’s clean energy supply.
“I’m thrilled to see so many great partners come together to build this world-class project that will provide affordable, clean energy for generations to come,” said Premier Doug Ford. “With a growing population and as we secure game-changing investments in our economy, our government is supporting innovative and bold energy solutions to meet the increasing demand for power, including battery storage and small modular reactors.”
The Oneida Energy storage project will support the operation of Ontario’s clean electricity grid by drawing and storing electricity off-peak when power demand is low and returning the power to the system at times of higher electricity demand. The project will begin operations in 2025 and provide enough power to meet the peak demand of a city the size of Oshawa. It will more than double the amount of energy storage resources on Ontario’s clean electricity grid from approximately 225 MW today to approximately 475 MW upon its completion in 2025.
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