Elexicon, the electricity distribution company serving nearly 200,000 customers in communities in Durham Region and beyond, announced that several of its shareholders have agreed through a memorandum of understanding to invest more than $62 million of additional equity in the company.

Elexicon, the electricity distribution company serving parts of Durham Region, and Belleville, Brock, Gravenhurst and Port Hope, is inviting its customers to play a key role in shaping the future of their community’s energy landscape.

Elexicon Energy (Elexicon) has been awarded the Electricity Distributors Association’s (EDA) Innovation Excellence Award for its groundbreaking BESS-STATCOM solution. This technology addresses dynamic voltage control challenges for utilities and large customers, ensuring reliable power for critical industries.