Revolve completes 14 MW operating battery storage portfolio in Ontario

Canada NewsWire

VANCOUVER, BC , Aug. 12, 2026 /CNW/ -- Revolve Renewable Power Corp. (CSE: REVV) (OTCQB: REVVF) (" Revolve " or the " Company "), a North American owner, operator and developer of power generation and digital infrastructure projects, is pleased to announce that it has completed its previously announced acquisition (the " Acquisition ") of 100% of the equity interests of Trillium Storage Limited Partnership and Trillium Storage GP Inc., which own a portfolio of six operating behind-the-meter battery energy storage system (" BESS ") projects located at commercial and industrial host sites across Ontario (the " Portfolio "). The Portfolio has a total capacity of approximately 14.2 MW / 24.3 MWh.

As previously disclosed, Revolve entered into definitive agreements to acquire the Portfolio on August 5, 2026. Additional details regarding the Acquisition can be found in the Company's news release dated August 5, 2026.

"The completion of the Acquisition is an important milestone for Revolve and further expands our operating asset base with contracted, cash-generating energy storage assets," said Myke Clark, Chief Executive Officer of Revolve. "The Acquisition strengthens our platform for continued growth through both acquisitions and development activities."

The Portfolio consists of six operating BESS projects serving commercial and industrial customers in Ontario. Stem, Inc., through a designated affiliate, will continue to operate the Portfolio under the existing master services agreement, providing operational continuity across all six sites. The aggregate purchase price for the Acquisition was approximately CAD$7.63 million.

About Revolve

Revolve was formed in 2012 to capitalize on the growing global demand for renewable power. Revolve develops utility-scale wind, solar, hydro and battery storage projects in the US, Canada and Mexico. Revolve also installs and operates sub 20 megawatt (" MW ") "behind the meter" distributed generation (or " DG ") assets. Revolve's portfolio includes the following:

Operating Assets : 13 MW (net) of operating assets under long term power purchase agreements across Canada and Mexico covering wind, solar, battery storage and hydro generation;

Development : a diverse portfolio of utility scale development projects across the US, Canada and Mexico with a combined capacity of over 3,000MWs as well as a 140MW+ distributed generation portfolio that is under development.

Revolve has an accomplished management team with a demonstrated track record of taking projects from "greenfield" through to "ready to build" status and successfully concluding project sales to large operators of utility-scale renewable energy projects. To-date, Revolve has developed and sold over 1,550MW of projects.

Forward Looking Information

The forward-looking statements contained in this news release constitute ''forward-looking information'' within the meaning of applicable securities laws in each of the provinces and territories of Canada and the respective policies, regulations and rules under such laws and ''forward-looking statements'' within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, ''forward-looking statements"). The words "will", "expects", "estimates", "projections", "forecast", "intends", "anticipates", "believes", "targets" (and grammatical variations of such terms) and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements in this press release include statements with respect to: the anticipated benefits of the Acquisition, including the expected addition of operating storage capacity, long-term recurring revenue and contracted cash-generating assets to the Company's portfolio; expectations that the Acquisition will be accretive to the Company's revenue and further establish its presence in Ontario; expectations regarding Stem's continued operation of the Portfolio; expectations regarding growth opportunities in Ontario's energy storage market; and the Company's business objectives, development pipeline, acquisition strategy and broader growth initiatives.