Project Name: Oneida Energy Storage
Partner: Oneida Energy Storage LP
Location: Southwestern Ontario
Sector: Clean Power
Participation: Memorandum of Understanding
Description: Oneida Energy Storage LP, a joint venture between NRStor Inc. and Six Nations of the Grand River Development Corporation, is developing a 250/1000 megawatt-hour energy storage facility.
The Oneida Energy Storage project would provide 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.
Benefits of the CIB Involvement
The CIB is collaborating with Oneida Energy Storage LP and a team of industry-leading advisors to complete project analysis on what would be the largest energy storage facility in Canada.
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