A major battery storage project in Canada, said to be the country's largest, is advancing after the majority owner announced it has fully secured financing.
Toronto-based Northland Power Inc. leads a consortium that plans to build the 250-MW, 1,000-MWh Oneida Energy Storage site in Haldimand County, Ontario. The company, which owns 72% of the lithium-ion project, is partnering with NRStor Inc., Six Nations of the Grand River Development Corp. and Canada-based contractor Aecon Group Inc. to develop it. The firms estimate project cost at the equivalent of about $592 million.