About the project

A world-class pumped storage project

This project is one of the largest climate-change initiatives being developed in Canada. Its state-of-the-art design incorporates the latest and best technologies to fully enhance a reliable and proven energy storage technology that accounts for 95 per cent of global energy storage.

The project's zero emission footprint makes it an environmentally responsible energy solution for Ontario that will also help Canada meet its 2030 target of a 30 per cent reduction in greenhouse gas emissions and net-zero carbon emissions by 2050.

Aside from benefiting the climate, the project will ensure Ontario gets the most value from its power generation, storing excess energy at night, during periods of low demand, and providing an energy balance by delivering that stored energy during the day, at times of extreme weather, during periods of high demand, reliably and responsibly. The project will reduce the need for reliance on natural-gas-fired power generation, will save Ontario ratepayers $250 million per year, and create 1,000 jobs during development and construction.

TC Energy - Georgian Bay - Meaford, Ontario

News Release — February 28, 2023:

OPS Project receives support from Meaford Council

CALGARY, Alberta, Feb. 28, 2023 — News Release — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced today that Meaford Municipal Council passed a resolution of support for the Company’s proposed Ontario Pumped Storage Project subject to conditions outlined below.

This development project is a transformative 1,000-megawatt clean energy storage facility, proposed for construction on the Department of National Defence’s 4th Canadian Division Training Centre in Meaford, Ontario.

Read the full News Release.

Proposed Pumped Storage location near Meaford Ontario

Media Advisory — July 28, 2021:

TC Energy reaches agreement with National Defence to develop proposed world-class pumped storage project

TC Energy will develop a transformative 1,000-megawatt clean energy storage project, subject to conditions and regulatory approval. The Ontario Pumped Storage Project, proposed to be constructed on Department of National Defence’s 4th Canadian Division Training Centre property, will be Ontario’s largest energy storage project, optimizing the province’s electricity system and delivering more than $250 million in annual savings to electricity consumers.

Read the full Media Advisory.

Getting the most value for Ontario’s electricity

Anticipated Project Timeline

Life of project	Communications and engagement with local communities and Indigenous groups
2019 to 2021	TC Energy Feasibility Assessment
2023 to 2025	Environmental Assessment Process
2025	Anticipated regulatory decisions and permitting process
2026 to 2030	Construction
2030 onwards	Operations

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October 2022

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