Northland Power Announces Completion of Jurassic Battery Energy Storage System Project in Alberta, Canada
The project is located in Cypress County, Alberta and is preparing to begin construction.
- Located in Cypress County, Alberta, the Jurassic Battery Energy Storage System (BESS) project is a 80 MW, 2-hour (160 MWh) battery storage system that will enhance the stability and reliability of Alberta’s energy grid.
- This project is part of Northland Power’s growth pipeline in Alberta and will benefit from a 15-year fixed price contract for capacity.
Northland Power, a Canadian-based global power producer, has announced the completion of the Jurassic Battery Energy Storage System project in Alberta, Canada. The project, located in Cypress County, is a 80 MW, 2-hour (160 MWh) battery storage system that will provide energy storage solutions for the province’s energy grid. This achievement marks another milestone in Northland Power’s expansion of its battery storage capabilities.
“Building on the success of our Oneida Battery Storage Project, which is nearing operations, today’s announcement represents another great milestone for Northland Power,” said Christine Healy, President and Chief Executive Officer. “We are delivering needed battery storage as one of the ways we provide energy solutions in Canada and around the world.”
“This BESS project will enhance the stability and reliability of Alberta’s energy grid, expand our footprint in Canada, and diversify our asset base,” added Christine Healy. “It highlights the growth potential of our multi-technology approach.”
Project Details and Financials
- Project cost: Approximately $120 million
- Construction costs: Funded by non-recourse project-level financing, existing cash and available liquidity
- Annual EBITDA contribution: Approximately $15 million
The Jurassic BESS project is expected to contribute approximately $15 million of annual Adjusted EBITDA once fully operational. The project cost is approximately $120 million, with construction costs funded by non-recourse project-level financing, existing cash and available liquidity.
Once completed, the Jurassic BESS project will be Alberta’s largest battery energy storage system. The project will benefit from a 15-year fixed price contract for capacity, ensuring a stable revenue stream for Northland Power.
About Northland Power
Northland Power is a Canadian-based global power producer dedicated to accelerating the global energy transition. Founded in 1987, the company has a long history of developing, owning and operating a diversified mix of energy infrastructure assets, including offshore and onshore wind, solar, battery energy storage, and natural gas.
Northland Power owns or has an economic interest in 3.2 GW of gross operating generating capacity, 2.4 GW under construction, and a significant inventory of early to mid-stage development opportunities encompassing approximately 10 GW of potential capacity.
Non-IFRS Financial Measures
Northland Power has issued a cautionary note regarding the use of non-IFRS financial measures, including Adjusted EBITDA, Adjusted Free Cash Flow, Free Cash Flow, and payout ratios and per share amounts. These measures are not prescribed by International Financial Reporting Standards (IFRS) and may not be comparable to similar measures presented by other companies.
Forward-Looking Statements
Northland Power has also issued a forward-looking statement cautionary note, as per the Securities and Exchange Commission (SEC) guidelines. The company’s forward-looking statements are subject to numerous risks and uncertainties, including those described in the “Risks Factors” section of Northland’s Management’s Discussion and Analysis and Annual Information Form for the year ended December 31, 2024.
About the Jurassic Battery Energy Storage System
“Jurassic BESS will be Alberta’s largest battery energy storage system once completed. We are delivering needed battery storage as one of the ways we provide energy solutions in Canada and around the world,” said Christine Healy, President and Chief Executive Officer.
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