Revolve Renewable Power Acquires 14.2 MW / 24.3 MWh Operating C&I BESS Portfolio in Ontario from Trillium Storage

Revolve Renewable Power Corp. has entered into definitive agreements to acquire a six-project, 14.2 MW / 24.3 MWh operating behind-the-meter battery energy storage portfolio across Ontario, Canada from Trillium Storage for CAD $7.63 million. Stem, Inc. will continue as operator under an existing MSA. The transaction establishes Revolve's presence in Ontario's energy storage market.

Transaction date: · Source: revolve-renewablepower.com

Key facts

Transaction date
Capacity
14.2 MW
Transaction price
5.1 million (currency as reported in the source)
Country
Canada
Region
Ontario
Location
Multiple commercial and industrial host sites across Ontario, Canada
Continent
North America
Development status
Operational
PPA
Yes

Technology details

Six operating behind-the-meter battery energy storage system projects at commercial and industrial host sites across Ontario, totalling 14.2 MW / 24.3 MWh. Stem, Inc. will continue as operator under an existing Master Services Agreement.

Power purchase agreement (PPA)

Portfolio assets operate under contracted long-term commercial and industrial host site arrangements providing recurring contracted revenue.

Additional information

Total purchase price of CAD $7,630,000 (approximately USD $5.1 million / EUR 4.7 million). Definitive agreements executed effective 31 July 2026. Transaction subject to customary closing conditions. Funded via an US$11 million bridge term loan facility from Whitfield Power Solutions LLC (Callaway Capital affiliate). Expected annual revenue of CAD $2.1–$3.0 million. The acquisition establishes Revolve's presence in Ontario's energy storage market. Revolve also recently signed agreements to acquire a 125 MW solar development portfolio in Illinois, New Mexico and Wisconsin. Price converted from CAD $7.63 million.

Source

Original announcement: https://revolve-renewablepower.com/revolve-enters-into-definitive-agreement-to-acquire-six-project-14-mw-operating-battery-storage-portfolio-in-ontario-and-announces-us11-million-bridge-credit-facility/

Related transactions

DateTransactionTechnologyCapacityCountryBuyerSeller
Revolve Renewable Power Acquires 9.6 MW Horseshoe Bend Operational Wind Project in Montana, USA for ~USD 10.5 Million Onshore Wind 9.6 MW United States Revolve Renewable Power –
Revolve Renewable Power Acquires 125 MW Three-Project Solar Development Portfolio in Illinois, New Mexico and Wisconsin Solar PV 125 MW United States Revolve Renewable Power –
Westbridge Renewable Energy Sells 225 MWac Red Willow Solar and 100 MW BESS Project in Alberta for up to CAD $26.7 Million Solar PV, Battery Storage (BESS) 225 MW Canada – Westbridge Renewable Energy
Pattern Energy Agrees to Acquire Cordelio Power and 1,550 MW Clean Energy Portfolio in the U.S. and Canada Onshore Wind, Solar PV, Battery Storage (BESS) 1,550 MW United States, Canada Pattern Energy Group Cordelio Power
ABO Energy Sells 63 MW Papoqji'jg Wind Project in Canada to Eolectric Onshore Wind 63 MW Canada Eolectric ABO Energy
Alight Acquires 2 GW Swedish Solar and Storage Development Pipeline from Soltech Energy Solutions Solar PV, Battery Storage (BESS) 2,000 MW Sweden Alight Soltech Energy Solutions
Nordi Sells 125 MW / 500 MWh Kristinestad BESS Project in Finland to Enlight Renewable Energy Battery Storage (BESS) 125 MW Finland Enlight Renewable Energy Nordi
RP Global Acquires 22 MWp A6 Leiningerland Solar PV Project in Rhineland-Palatinate from GAIA Solar PV, Battery Storage (BESS) 22 MW Germany RP Global GAIA

Explore more