Northland Power Announces Commercial Operations At Oneida Energy Storage Project

Published: 2025-05-07 07:00:00 ET NPI.TO

Published on 05/07/2025 at 07:00, updated on 05/07/2025 at 10:22

Northland Power Inc. announced that the Oneida Energy Storage Project has successfully commenced commercial operations. The project was completed ahead of schedule and under budget and is the battery energy storage facility in operation in Canada. Located in Haldimand County, Ontario, Oneida is a 250 MW /1,000 MWh battery storage facility.

It is Northland's first operational energy storage project in Canada. The project positions the Company as a market leader in a key growth segment, offering immediate scale and presence. Northland owns approximately 70% of Oneida, with the remaining ownership held by Six Nations of the Grand River Development Corporation, NRStor Inc., Aecon Concessions and Mississaugas of the Credit Business Corporation.

The project was completed with a final cost of approximately $700 million, compared to the initial $800 million estimate at financial close in 2023. Oneida is backed by a 20-year capacity contract with Ontario's Independent Electricity System Operator, providing stable, long-term revenue. With the completion of Oneida, Northland remains focused on the successful and safe delivery of its construction projects, including the 1.1 GW Baltic Power offshore wind project in Poland and the 1.0 GW Hai Long offshore wind project in Taiwan.