US-based clean energy platform Peregrine Energy Solutions has entered into a memorandum of understanding (MOU) with Six Nations of the Grand River Development Corporation (SNGRDC) to create multiple gigawatt, high yield, utility-scale storage assets.
SNGRDC is the investment and development arm of Canada’s most populated First Nations community with the mission to achieve economic self-sufficiency without compromising the values of the Six Nations Community.
Peregrine will develop and manage the projects along with consultation, advice, and investment from the SNGRDC.
President & chief executive of SNGRDC said: “Battery investment in and around our community advances our Nation’s focus on supporting the clean energy transition and will also generate value for our future members.”
Peregrine has already secured a 7GW pipeline in the US across multiple markets with site control and premium earning potential based on its proprietary prospecting method.
Ryan Scalise, vice president of origination for Peregrine, added: “The Peregrine team is grateful to have the support and trust of the SNGRDC as we aggressively pursue greenfield battery energy storage systems and renewable energy investments in the Ontario market.
“I am excited to work with the SNGRDC as our pipeline continues to grow with opportunities to develop and manage assets which bring stability to renewable energy markets, while potentially generating value for our stakeholders.”
