NRStor and Partners Execute Major Agreements for 1000 MWh Oneida Energy Storage Project
TORONTO, Feb. 10, 2023 (GLOBE NEWSWIRE) -- NRStor Inc. (“NRStor”) is pleased to announce that the Independent Electricity System Operator (“IESO”) has entered into an Energy Storage Facility Agreement (ESFA) for the Oneida Energy Storage Project (“the Project”). This is a significant step in advancing its development and follows the issuance of an Order-in-Council and Ministerial Directive to enable the Project to proceed, granted by the Government of Ontario.
- TORONTO, Feb. 10, 2023 (GLOBE NEWSWIRE) -- NRStor Inc. (“NRStor”) is pleased to announce that the Independent Electricity System Operator (“IESO”) has entered into an Energy Storage Facility Agreement (ESFA) for the Oneida Energy Storage Project (“the Project”).
- The Oneida Energy Storage Project is the largest of its kind in Canada and amongst the largest in the world.
- 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.
- “This is a significant day for the Oneida Energy Storage Project, and we are proud of the example it sets as a sustainable energy project with strong Indigenous partnership from Six Nations and collaboration between industry and government,” says Annette Verschuren, Chair and CEO of NRStor.