Neoen has revealed that its fully-owned subsidiary, Shift Solar Inc., secured a 380 MW / 4-hour capacity contract through a competitive tender organised by the Independent Electricity System Operator (IESO), Ontario’s electric grid operator.
Furthermore, Grey Owl Storage will supply the IESO during 20 years from commissioning with additional capacity that will contribute to meet the province’s growing demands. 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 is needed most.
Grey Owl Storage will be located in the Municipality of Arran-Elderslie, Bruce County, Ontario with a total capacity of 400 MW / 1,600 MWh. The battery is planned to be operational by early 2028. Following its business model, Neoen, through its subsidiary Shift Solar, will retain long-term ownership and operation of the battery.
