- Neoen has been awarded a 380 MW / 4-hour capacity contract by Ontario's grid operator, the Independent Electricity System Operator ("IESO")
- The 20-year contract will be delivered by Grey Owl Storage, sized at 400 MW / 1,600 MWh, to enhance Ontario's electricity grid stability and reliability
- This new battery will be the second largest battery in Canada and the largest in Neoen's portfolio
- Including Grey Owl Storage, Neoen reaches almost half a gigawatt of secured capacity in Canada and confirms its intention to rapidly expand in the country
TORONTO, May 21, 2024 /CNW/ - Release originally issued by Neoen from Paris, France on May 13, 2024.
Neoen (OTC:NOSPF, Ticker: NEOEN)), one of the world's leading producers of exclusively renewable energy, announces that its wholly-owned subsidiary Shift Solar Inc. has been awarded a 380 MW / 4-hour capacity contract in a competitive tender initiated by the Independent Electricity System Operator ("IESO"), Ontario's electric grid operator. Grey Owl Storage will provide the IESO during 20 years from commissioning with additional capacity that will contribute to meet the province's growing needs. The battery will be able to charge during off-peak hours and redistribute the stored energy back into the grid at peak times, when it ...