Aecon Group Inc. announced that Oneida Energy Storage Limited Partnership (Oneida LP), a consortium in which Aecon Concessions will be an equity partner, has executed an agreement with the Independent Electricity System Operator (IESO) for the Oneida Energy Storage Project to deliver a 250 megawatt / 1,000 megawatt-hour energy storage facility near Nanticoke, Ontario.

Under the agreement, Aecon has been awarded a $141 million Engineering, Procurement, and Construction (EPC) contract by Oneida LP.

This project holds high significance as it is considered the largest sustainable energy project in Canada and one of the largest in the world.

The Independent Electricity System Operator is responsible for operating the electricity market and directing the operation of the bulk electrical system in Ontario.

Osler, Hoskin & Harcourt LLP advised the Independent Electricity System Operator with a team consisting of Elliot Smith and Jagriti Singh (Construction and Infrastructure).

Davies Ward Phillips & Vineberg LLP advised Aecon with a team that included William Buchner and Alex Maly (Infrastructure).