This special interest group is for professionals to connect and discuss all types of carbon-free power alternatives, including nuclear, renewable, tidal and more.

WARNING: SIGN-IN

You need to be a member of Energy Central to access some features and content. Please or register to continue.

Post

Six Nations, NRStor Win Financing for Canada’s Biggest Battery Project

Max Pixel

The Six Nations of the Grand River Development Corporation and their corporate partner NRStor Inc. have tapped into support from the Canada Investment Bank to get the country’s biggest battery storage project off the ground.

“The Oneida Energy Storage project would have capacity of 250 MW/1,000 MWh to provide backup power in southwestern Ontario,” S&P Global Market Intelligence reports. It’ll be located on the Six Nations reserve in Ohsweken, Ontario, about 30 kilometres southwest of Hamilton.

The big battery “would draw surplus power from renewable sources when power usage is low and release the power during times of peak demand,” S&P adds. “It would also provide grid balancing services to the surrounding region.”

Six Nations already runs a 44-megawatt solar facility, and has invested in wind farms across southern Ontario, S&P says.

“The MOU confirms the Canada Investment Bank’s collaboration with Oneida Energy Storage LP in support of the project,” the CIB said in a statement this week. “The CIB and Oneida Energy Storage LP have an agreement on the parameters around a CIB investment in the project, which will be confirmed by further due diligence and a final investment decision in spring 2021.”

Read More

The Energy  Mix's picture

Thank The Energy for the Post!

Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.

Discussions

Spell checking: Press the CTRL or COMMAND key then click on the underlined misspelled word.

No discussions yet. Start a discussion below.

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »