Capital Power launches two battery energy storage initiatives

Written by Emily J. Thompson, Senior Investment Analyst

Updated: Sep 22 2025

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Project Completion: Capital Power Corporation's 120-MW York Battery Energy Storage System and 50-MW Goreway BESS projects have successfully achieved commercial operations.
Financial Impact: The projects are expected to generate approximately $35 million in contracted annual EBITDA for over 20 years, with contracts extending until 2047 with the Ontario IESO.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.