RC107 JulyAugust2023 - Magazine - Page 27
Battery storage investment
Weeks before the federal budget was released, a historic
agreement was signed, supported by the Canada Infrastructure Bank, to build the largest battery storage project in the
country, with a $50-million investment from the Government of Canada. The 250-megawatt (MW) Oneida Energy
Storage Project is being developed in partnership with the
Six Nations of the Grand River Development Corporation
(SNGRDC), Northland Power, NRStor and Aecon Group.
“With this new federal investment—and significant
support from the Canada Infrastructure Bank—this project
will help make electricity more affordable for Ontario
families and play an important role in building the clean
electrical grid that Ontario will count on for generations to
come,” stated Freeland.
The Province of Ontario has directed the Independent
Electricity System Operator (IESO) to enter into a 20-year
contract for the project.
The Oneida Energy storage project will support the operation of Ontario’s clean electricity grid by drawing and
storing electricity off-peak when power demand is low
and returning the power to the system at times of higher
electricity demand. The project will begin operations in
2025 and provide enough power to meet the peak demand
of a city the size of Oshawa. It will more than double the
amount of energy storage resources on Ontario’s clean
electricity grid from approximately 225 MW today to
approximately 475 MW upon its completion in 2025.
“The collaboration between the partners and other
involved parties has been powerful; we have built on
existing partnerships and welcomed new relationships
along the way,” said Matt Jamieson, president and CEO
of SNGRDC. “As a developing partner and equity owner,
SNGRDC has played a key role in project considerations
including the project location and the creation of career
opportunities that will benefit our community. This
project will play a significant role in the betterment of our
people and our environment.”
“The Government of Canada is pleased to collaborate
with partners to unlock the energy storage solutions
needed to store clean energy while meeting increasing
electricity demands,” said Canada’s Minister of Natural
Resources, Jonathan Wilkinson. “The Oneida Energy
Storage Project represents a significant Indigenous-led development that will create good jobs for Canadians while
reducing emissions.”
With the goal of the federal government’s tax credits
being to improve the competitiveness of Canada’s clean
energy industry, the end result is ensuring reliable and
affordable clean energy for all Canadians..
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JULY/AUGUST 2023 – RENEW CANADA 27
