Stocks in play: Northland Power Inc
Announces the successful execution of an Energy Storage Facility Agreement with the Independent Electricity System Operator for the Oneida Energy Storage Project. The Project will benefit from a 20-year fixed price contract for revenue payments with the IESO in Ontario for the majority of the capacity from the project. The remaining capacity will earn market revenues through sales into the wholesale market. The news builds on last week’s announcement confirming Northland’s investment in the Project and marks a significant milestone for advancing its development in partnership with NRStor Inc. and the Six Nations of the Grand River Development Corporation. Northland Power Inc shares T.NPI are trading -$0.18 at $33.49.
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