Oneida energy storage project Niue

What is Oneida energy storage project?

Aerial view of the Oneida energy storage project, Canada’s biggest battery plant, in southwest Ontario. The $800 million project will store energy in off-peak hours and release it to Ontario’s power grid when demand is high. Oneida is undergoing commissioning testing before it starts operating next summer. (Handout: Northland Power)

How will Oneida energy storage benefit Ontario?

In addition, the energy storage facility will help stabilize Ontario’s electricity sector by providing important grid balancing services. Oneida Energy Storage is expected to provide significant benefits to provincial ratepayers by reducing the need and cost associated with using gas-fired power plants during times of peak demand.

Who is Oneida energy storage LP?

Partnering with Six Nations community Oneida Energy Storage LP is a joint venture between NRStor, Six Nations of the Grand River Development Corporation, Northland Power and Aecon Concessions.

How much funding does Canada provide for the Oneida energy project?

The federal government is today providing a further $50 million in funding; the Canada Infrastructure Bank has played a key role supporting project development and is collaborating with the Oneida Energy storage project on an investment agreement.

What is Oneida & how does it work?

Oneida is a first of its kind project at the forefront of Canada’s emerging energy storage sector and is paving the way for other projects like it. Oneida is really the blueprint for successful public-private partnership and collaboration.

What's going on with IESO's Oneida energy storage project?

As well as there being more to come in the next rounds of the procurement, the IESO recently awarded key contracts for the 250MW/1,000MWh Oneida energy storage project which is being developed by a consortium including developer NRSTor, independent power producer (IPP) Northland Power and selected technology provider Tesla.