NRStor Inc., Mississaugas of the Credit Business Corporation (“MCBC”), and Aecon (collectively “The Project Partners”) are developing a Battery Energy Storage System (“BESS”) up to 200 MW, 800 MWh in size in the City of Toronto, in the Portlands area, through the jointly owned organization, MCBC NRStor Toronto Battery Project LP (“MCBC NRStor Toronto Battery Project”). The development efforts are in response to the LT1 RFP issued by the Government of Ontario through the IESO.