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Six Nations energy storage partnership to benefit future generations


Six Nations energy storage partnership to benefit future generations
May 18, 2021
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SIX NATIONS OF THE GRAND-The Oneida Energy Storage Project (OES) is another step closer to providing energy storage in the province.
The project received support from Six Nations Elected Council (SNEC) after the Six Nations of the Grand River Development Corporation (SNGRDC) submitted a Community Investment and Final Review Report on April 30, 2021.
Elected Chief Mark Hill said it will benefit future generations.
“The Oneida Energy Storage project will offer the community employment through not only the construction and maintenance of the facility, but through its management of day-to-day operations. Our students will benefit from further educational and co-op opportunities while reducing the impact of greenhouse gases for future generations,” he said. ....

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Canada Infrastructure Bank to invest up to $170 million in one of the world's largest clean energy storage projects


Logo Six Nations of the Grand River (CNW Group/Canada Infrastructure Bank)
Logo NRStor Incorporated (CNW Group/Canada Infrastructure Bank)
Oneida Energy Storage will support economic growth, create energy savings and reduce greenhouse gas emissions in Ontario
TORONTO, May 19, 2021 /CNW/ - 
The Canada Infrastructure Bank (CIB) will invest up to $170 million in the half billion dollar Oneida Energy Storage project, in Southwestern Ontario.
Under the terms of the investment agreement in principle, Oneida Energy Storage LP, together with private sector lenders, will finance the balance of the project s capital cost, which will be confirmed and announced at financial close this summer. Construction is anticipated to begin in fall 2021. ....

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