Oneida Battery Project
Project Summary
Oneida Energy Storage LP is a joint venture between NRStor, Six Nations of the Grand River Development Corporation, Northland Power and Aecon Concessions. The project provides clean, reliable power capacity by drawing and storing renewable energy during off-peak periods and releasing it to the Ontario grid when energy demand is at its peak. The facility is expected to provide significant benefits to Ontario’s ratepayers by reducing the need and cost associated with using gas-fired power plants during times of peak demand. The project will help Ontario reduce greenhouse gas emissions by 1.2 million tonnes.
With 278 lithium-ion battery units now officially drawing and storing power from Ontario’s electricity grid, Oneida LP will receive fixed capacity payments through a 20-year capacity services contract with Ontario’s Independent Electricity System Operator (IESO) and generate revenue from energy sold into the Ontario electricity grid as well as from providing ancillary services to the system.
Read the full press release here.
An overview of the Oneida Energy Storage Project and its role in transforming Ontario’s clean energy future.