BRIEF

on Revolve Renewable Power Corp. (isin : CA76157B1067)

Revolve Renewable Power Announces Progress on Vernal BESS Project

Revolve Renewable Power Corp., a key player in the North American renewable energy sector, recently updated stakeholders on the development of its Vernal Battery Storage Project. This project, centrally located near existing transmission infrastructure in Uintah County, Utah, is pivotal to Revolve's strategy to enhance long-term revenue through utility-scale operations.

Significant progress includes the successful completion of Phase 1 and Phase 2 interconnection studies with PacifiCorp, confirming the feasibility and cost expectations of the project. With these studies complete, Revolve has finalized an interconnection agreement, marking a critical development milestone. Further steps involve acquiring necessary permits from local and state authorities, with a focus on ensuring readiness for construction by late 2024 or early 2025 and aiming for operational status by 2026.

The Vernal BESS project encompasses an 80MWh/20MW battery storage facility on a 47-acre parcel. It embodies Revolve's commitment to expanding its portfolio within the renewable energy landscape, leveraging strategic locations and robust infrastructure to foster sustainable energy solutions.

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