On April 1, 2021, the Independent Electricity System Operator (IESO) and the Ontario Minister of Energy, Northern Development and Mines, entered into contract negotiations for a ten year agreement with NRStor Inc. and Six Nations of the Grand River Development Corp. for their proposed 250 MW Oneida Battery Storage facility. The Oneida Energy Storage facility is a 250 MW/1000 MWh energy storage facility located in Southwestern Ontario. The joint venture between NRStor Inc. and Six Nations of the Grand River Development Corporation will provide clean, reliable power by drawing and storing renewable energy. The project will significantly reduce the need and cost associated with using gas-fired power plants when energy is at peak demand.
The IESO is responsible for operating the electricity market and directing the operation of the bulk electrical system in the province of Ontario.
Osler, Hoskin & Harcourt LLP advised Independent Electricity System Operator with a team consisting of Rocco Sebastiano, Elliot Smith and Jagriti Singh (Commercial).