•Neoen secured a 20-year capacity services contract for its 200MW/1,600MWh Battery Energy Storage System (BESS) project in Ontario.
•The contract, awarded through Ontario's LT2 procurement, signals a robust market and policy framework for long-duration energy storage.
•This project provides a strong precedent for developers seeking long-term revenue certainty for large-scale BESS investments and enhances grid reliability for large power consumers in the region.