AMRC - Ameresco and Atura Power join venture will build energy storage system in Canada
2023-06-08 08:25:55 ET
- Ameresco ( NYSE: AMRC ) selected to build a 250 megawatt, 1,000 megawatt hour battery energy storage system in partnership with Atura Power, a subsidiary of Ontario Power Generation, by the Independent Electricity System Operator in Canada.
- Ameresco and Atura Power will complete the project through a joint venture known as the Napanee BESS.
- The joint venture will enter into a twenty-year capacity agreement with the IESO.
- In addition to being a 10.1% minority partner in the Napanee BESS JV, Ameresco will provide engineering and construction solutions and expertise for the installation of the BESS under a separate contract with the JV.
- This will be a part of the largest BESS awards in Canadian history.
- So far, over $40M of project work is in backlog and over 25MW to be added to energy assets in construction and development.
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Ameresco and Atura Power join venture will build energy storage system in Canada