CPX. Capital Power Corporation

Strengthening Ontario’s grid: Capital Power commissions two Battery Energy Storage Projects

Strengthening Ontario’s grid: Capital Power commissions two Battery Energy Storage Projects

EDMONTON, Alberta, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) (“Capital Power”) is pleased to announce that its 120-MW York Battery Energy Storage System (“BESS”) and 50-MW Goreway BESS projects (“the projects”) have successfully achieved commercial operations. A leader of Ontario’s BESS development, Capital Power delivered both projects on time, under budget and with an excellent safety record. Combined, both projects will add roughly $35 million in contracted annual EBITDA for over 20 years. The projects are contracted until 2047 with the Ontario IESO (part of their Expedited Long-Term 1 RFP process).

“We’re proud to deliver our first-ever battery storage projects. These facilities enhance our portfolio of flexible generation sources that provide grid stability, support the integration of renewable resources, and meet the province’s unprecedented, growing demand for electricity,” said Jason Comandante, Senior Vice President, Head of Canada. “Grids that strike a balance of being reliable, affordable, and lower-carbon are the foundation of our economy – they serve existing customers and facilitate economic growth.”

“Ontario launched the largest energy procurement in provincial history, with one goal: keep power affordable and always reliable for families. I am encouraged to see companies like Capital Power rising to the challenge and expanding their presence in our province as we launch the York and Goreway Battery Energy Storage Systems,” said Hon. Stephen Lecce, Minister of Energy and Mines. “These investments will help deliver affordable, reliable, and clean electricity that supports families, farms and businesses in the GTA, and beyond."

As utility-scale BESS deployment rapidly expands worldwide, these projects reinforce Capital Power’s position as a North American leader in the energy expansion, ensuring people and communities are supported through a reliable and lower-emitting electricity system. Together, the projects will provide up to 170 megawatts of storage to deliver power when Ontarians need it most.

Capital Power worked closely with the City of Brampton, the Township of King, Indigenous Nations, and local residents throughout the planning process, and after nearly 12 months of construction, the completion of these projects reflects the dedication of over 183,000 person-hours of work, a testament to the skilled trades and professionals who made this possible.

Media Resources

Media are welcome to use the following photos when reporting on the York BESS project. Other uses require written permission from Capital Power – please contact for more information or to arrange an interview.



Capital Power York Energy Centre Team proudly showcases new BESS facility



Capital Power’s first-ever Battery Energy Storage projects (York BESS in the Township of King pictured)



York BESS project tour



Stephen Lecce, Minister of Energy and Mines, Steve Pellegrini, Mayor of the Township of King, Avia Eek, Councillor, Ward 6, and David Smith, MPP (not pictured) join the York BESS project tour 

Territorial Acknowledgement

In the spirit of reconciliation, Capital Power respectfully acknowledges that we operate within the ancestral homelands, traditional and treaty territories of the Indigenous Peoples of Turtle Island, or North America. Capital Power’s head office is located within the traditional and contemporary home of many Indigenous Peoples of the Treaty 6 Territory and Métis Nation of Alberta Region 4. We acknowledge the diverse Indigenous communities located in these areas and whose presence continues to enrich the community.

About Capital Power

Capital Power (TSX: CPX) is a growth-oriented power producer with approximately 12 GW of power generation at 32 facilities across North America. We prioritize safely delivering reliable and affordable power communities can depend on, building lower-carbon power systems, and creating balanced solutions for our energy future. We are Powering Change by Changing Power™.

For more information, please contact:

Media Relations:

Brittany Smith

(780) 392-5113



Investor Relations:

Roy Arthur

(403) 736-3315

Photos accompanying this announcement are available at



EN
22/09/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Capital Power Corporation

 PRESS RELEASE

Capital Power Announces Conversion Results for Its Preferred Shares (S...

Capital Power Announces Conversion Results for Its Preferred Shares (Series 1) EDMONTON, Alberta, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power”) (TSX: CPX) announced today that following the December 16, 2025 deadline for submitting notices to convert Cumulative Rate Reset Preference Shares, Series 1 (the “Series 1 Shares”) into Cumulative Floating Rate Preference Shares, Series 2 (the “Series 2 Shares”), the number of Series 1 Shares tendered for conversion was less than one million. As a result, holders of Series 1 Shares are not entitled to convert their...

 PRESS RELEASE

Capital Power 2025 Investor Day: Accelerating Growth to 2030

Capital Power 2025 Investor Day: Accelerating Growth to 2030 Announces MOU with Apollo-managed funds for US$3 billion investment partnership to pursue merchant U.S. natural gas generation acquisitions Enters into a binding MOU with investment-grade data centre developer in Alberta EDMONTON, Alberta, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power” or the “Company”) (TSX: CPX) is hosting its 2025 Investor Day today in Toronto. The event will highlight the Company’s strategic priorities, 2030 growth targets, and 2026 guidance, underscoring Capital Power’s posit...

 PRESS RELEASE

Capital Power provides notice of Preferred Shares (Series 1) conversio...

Capital Power provides notice of Preferred Shares (Series 1) conversion privilege and dividend rate notice EDMONTON, Alberta, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power”) (TSX: CPX) announced today that it has notified registered shareholders of its Cumulative Rate Reset Preference Shares, Series 1 (the “Series 1 Shares”) (TSX: CPX.PR.A) of the conversion privilege and dividend rate applicable to the Series 1 Shares. Subject to certain conditions, beginning on December 1, 2025 and ending at 5:00 p.m. (Toronto time) on December 16, 2025 (the “Election Peri...

 PRESS RELEASE

Capital Power and the CFL celebrate season wrap-up and $30,000 donatio...

Capital Power and the CFL celebrate season wrap-up and $30,000 donation for Indigenous Youth Roots Partnership surrounding Truth and Reconciliation highlighted by fan support through New Era sideline collection sales EDMONTON, Alberta, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) (“Capital Power”) and the Canadian Football League (“CFL”) are proud to celebrate a successful 2025 season partnership to honour, empower and strengthen connections with Indigenous communities across Canada through the power of sport. Brought together by the CFL and Capital Power, the...

 PRESS RELEASE

Capital Power announces a C$600 million medium term note offering and ...

Capital Power announces a C$600 million medium term note offering and its intention to redeem C$300 million of medium term notes EDMONTON, Alberta, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power” or the “Company”) (TSX:CPX) announced today that it has priced a public offering in Canada of unsecured medium term notes (the “Notes”) in the aggregate principal amount of C$600 million (the “Offering”). The Notes have an interest rate of 4.231% and mature on January 14, 2033. Offering of Medium Term Notes The Offering is expected to close on or about November 14, ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch