09:00 AM EDT, 05/10/2024 (MT Newswires) -- Boralex ( BRLXF ) said Friday that the 125 megawatt (MW) Oxford battery energy storage project was selected by Ontario's Independent Electricity Systems Operator (IESO) for its long-term request for proposals.

The project is expected to start commercial operation in 2027/2028.

Boralex ( BRLXF ) said the project is the newest addition to its existing battery energy storage project portfolio, which includes the 300 MW Hagersville and the 80 MW Tilbury projects. Both projects were selected by the IESO in last year's solicitation.

"With the selection of Oxford, Boralex ( BRLXF ) consolidates its position as a leading developer in the battery storage technology in Ontario and across Canada," said Hugues Girardin, Boralex's ( BRLXF ) executive vice president and general manager in North America.

Boralex ( BRLXF ) said it signed a 50% partnership with Six Nations of the Grand River Development Corp. for the Oxford project. The company said that partnering with local Indigenous communities remains its key priority.