Northland Power said it signed a 20-year fixed-price energy storage facility agreement with the Independent Electricity System Operator in Ontario, Canada, for the Oneida Energy Storage Project.
Days earlier, Toronto-based Northland agreed to acquire a majority interest in the 250 MW/1,000 MWh battery energy storage facility that is being developed in parentship with NRStor Inc. and the Six Nations of the Grand River Development Corp.
Under terms of the deal, Northland will take the lead role in its construction, financing and operation. Financial close is expected later this year with full commercial operations targeted for 2025.
