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CIB Invests $170Mn in Ontario Energy Storage Project (Ind. Report)
Canada Infrastructure Bank
Date: 2021-05-21
In Toronto, Ontario, the Canada Infrastructure Bank (CIB) reports will invest up to $170 million in the $500 million Oneida Energy Storage project LP, a partnership between NRStor Inc and Six Nations of the Grand River Development Corporation in Southwestern Ontario.

Under the terms of the investment agreement in principle, Oneida Energy Storage LP, together with private-sector lenders, will finance the balance of the project's capital cost which will be confirmed and announced at financial close this summer. Oneida Energy Storage LP will be responsible for the design, construction, operations and maintenance of the 250 megawatts / 1,000 megawatt-hour facility. Construction is slated to get underway later this year.

The Canada Infrastructure Bank (CIB) is a federal Crown Corporation tasked with financially supporting revenue-generating infrastructure projects that are "in the public interest" through public-private partnerships. (Source: Canada Infrastructure Bank, PR, Website PR, 18 May, 2021) Contact: Canada Infrastructure Bank, 833-551-5245, contact@cib-bic.ca, www.cib-bic.ca/en

More Low-Carbon Energy News Energy Storage news,  NRStor news,  


Ontario Battery Energy Storage Project Slated for Jarvis (Ind Report)
NRStor
Date: 2021-02-24
Toronto-based NRStor Inc. is touting the joint venture Oneida Energy Storage project with Six Nations of the Grand River Development Corp. in Jarvis, Ontario as the largest such facility in the province.

When fully operational, the 250 megawatt/1,000 megawatt-hour battery energy storage project could lower electricity system costs by up to $760 million over its lifetime and help Ontario reduce its greenhouse gas emissions by 4.1 million tonnes -- equivalent of taking about 40,000 cars off the road every year over the project's life. (Source: NRStor, Canadian Biomass, 23 Feb., 2021) Contact: Six Nations of the Grand River Development Corporation, (519) 753-1950, www.sndevcorp.ca; NRStor Inc., Peter Gregg, President, (647) 281-7200, www.nrstor.com

More Low-Carbon Energy News NRStor,  Energy Storage,  Battery Eenrgy Storage,  


Hydrostor, NRStor Complete Goderich A-CAES Facility (Ind. Report)
Hydrostor,NRStor
Date: 2019-12-11
Toronto-based Hydrostor, a developer of Advanced Compressed Air Energy Storage (A-CAES) projects, in partnership with energy storage project developer NRStor, also of Toronto, has announced completion of the Goderich A-CAES compressed-air energy storage facility in Goderich, Ontario.

The first-of-its-kind utility-scale Goderich A-CAES Facility is commercially contracted to Ontario's Independent Electricity System Operator (IESO) for peaking capacity and ancillary services to support grid reliability.

The project, was supported by Export Development Canada (EDC), Sustainable Development Technology Canada (SDTC) and the Government of Ontario through the Ontario Centres of Excellence (OCE). (Source: Hydrostor, Elec. Bus., 9 Dec., 2019) Contact: Hydrostor, Curtis Vanwallegham, CEO, (416) 548-7880, info@hydrostor.ca, www.hydrostor.ca: NRStor, Peter Gregg, President, (647) 281-7200, www.nrstor.com

More Low-Carbon Energy News Hydrostor,  Compressed Air Energy STorage,  Energy Storage,  NRStor,  


NRStor Acquires Ontario Energy Storage Facility (M&A, Ind. Report)
NRStor,Temporal Power
Date: 2019-06-01
Toronto-based energy storage specialist NRStor Inc. is reporting its acquisition of a 5MW connected energy storage facility, located in Clear Creek, Ontario. The Clear Creek facility was originally built by Mississauga-based Temporal Power to showcase its industry-leading flywheel energy storage technology. With this acquisition, NRStor expands its flywheel energy storage portfolio, which already includes Canada's first grid-scale flywheel energy storage facility in Minto, Ontario. NRStor expects to have the full hybrid battery and flywheel system operational in 2020.

The facility is optimally located adjacent to a 20 megawatt (MW) wind farm and existing Hydro One electrical infrastructure. With support from Sustainable Development Technology Canada (SDTC) and Hydro One, the facility originally demonstrated the effectiveness of distributed energy resources (DERs) and successfully completed reactive power validation and power quality testing. Ten 500 kilowatt (kW) flywheels were deployed in a modular arrangement to deliver 10 MW of flexible range (+/-5 MW) to the Ontario grid. (Source: NRStor Inc., PR, 30 May, 2019) Temporal Power, (905) 581-4474, www.temporalpower.ca

More Low-Carbon Energy News NRStor news,  Energy Storage news,  Flywheel news,  Temporal Power news,  

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