Oneida energy storage ontario

What is Oneida energy storage?

Oneida Energy Storage (OES Project) is a 250 MW/1000 MWh battery storage facility, which has the potential to absorb surplus electricity from the Ontario power grid during off-peak hours, in order to return it to consumers when it is needed the most.

How will a 250 mw Oneida energy storage facility work?

These projects complement the recent agreement for the 250 MW Oneida Energy Storage Facility and conclude the first of two stages within the procurement. Storage facilities charge up during off-peak hours, taking advantage of Ontario’s clean energy supply mix, and inject energy back into the grid when it is needed most.

What is the Oneida energy project?

Oneida Energy project will be made up of lithium-ion batteries, much like ones that power cellphones, laptops and electric vehicles but much bigger. An artist’s rendering of the proposed Oneida Energy Storage Project. When it goes online in 2025, the project will more than double the amount of energy storage currently on Ontario’s grid.

How long will Oneida energy storage project last?

Most of the Oneida Energy Storage project capacity would be contracted to a Toronto utility for 20 years. Rendering courtesy of NRStor 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.

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.

When will Aecon & Oneida energy storage start construction?

Aecon says it plans to start construction this year. Oneida Energy Storage is expected to begin operating in 2025. The facility will take surplus electricity from the Ontario grid during off-peak hours and return it during times of higher demand.