Construction starts on Canada’s first indigenous-led ESS factory – Energy Storage News

September 20, 2024

Energy Plug Technologies and the Malahat Nation have confirmed that construction has started on Canada’s first indigenous-led energy storage gigafactory in Mill Bay, British Columbia.

The site, which targets a battery production output of 1GWh per year, will develop battery energy storage systems (BESS) for residential, commercial, utility, and data centres across North America. It will be situated in the Malahat Business Park, owned by the local indigenous population.

According to the organisations, the project will cost around CA$75 million (US$55.29 million), with contributions from the First Nations Finance Authority, the Malahat Nation, Energy Plug, and private investors.

Once complete, the gigafactory will operate under the Malahat Battery Technologies Limited Partnership, a joint venture 51% owned by the Malahat Nation and 49% by Energy Plug Technologies.

Read More: https://www.energy-storage.news/construction-starts-on-canadas-first-indigenous-led-ess-factory/