Revolve Renewable Power Corp. (REVV-X) has acquired 14.2 megawatts (MW) of energy storage systems in Ontario from Trillium Storage Limited Partnership and Trillium Storage GP Inc., adding to its growing portfolio of batteries and renewable energy.

The Vancouver-based owner, operator and developer of power generation and digital infrastructure projects announced it closed the acquisition for the six battery projects earlier this month for approximately $7.63 million.

The portfolio of battery energy storage systems with a total capacity of 24.3 megawatt-hours are located in commercial and industrial host sites, Revolve said in a release.

Stem, Inc., through a designated affiliate, will continue to operate the stationary batteries under an existing master services agreement, Revolve said, providing operational continuity.

Completing the acquisition “is an important milestone for Revolve and further expands our operating asset base with contracted, cash-generating energy storage assets," Myke Clark, CEO of Revolve, said in the release. The transaction “strengthens our platform for continued growth through both acquisitions and development activities," he added.

Sustainable Biz Canada has reached out to Revolve for comment, but did not receive a reply by the time of publication.

Revolve’s portfolio

Revolve develops utility-scale wind, solar, hydro and battery storage projects in Canada, the U.S. and Mexico. Its portfolio consists of:

• 13 MW of operating wind, solar, battery storage and hydro generation assets under long-term power purchase agreements in Canada and Mexico; and
• over 3,000 MW of utility-scale development projects in Canada, the U.S. and Mexico, as well as more than 140 MW of a distributed generation portfolio that is under development.

To date, Revolve has developed and sold over 1,550 MW of projects.

Other acquisitions it has completed or unveiled this year are:

• three utility-scale solar developments totalling approximately 125 MW of nameplate capacity in Illinois, New Mexico and Wisconsin; and
• definitive agreements for nine distributed generation solar projects in Mexico with a total capacity of 2.4 MW.

In March, Revolve said it transitioned its 15.7 MW Bright Meadows Solar Project in Alberta to the third stage of the Alberta Electric System Operator’s interconnection process. The step represents a “critical milestone” for the asset as it demonstrates “the technical viability of the project” and strengthens its development profile, Clark said.

It allows Revolve to accelerate the process to secure a power purchase agreement for the project and move into the execution phase.

Revolve’s Q3 2026

In its Q3 2026 results ended March 31, Revolve announced revenue of $587,382 (all figures US) and a net loss of approximately $3.1 million.

Revenue dropped compared to $1.9 million in Q3 2025, which included a one-time project asset sale of $1.3 million. Revolve reported net income of $137,158 in Q3 2025; the difference from the 2026 result was attributed to the company investing in its development portfolio and capabilities.

Other milestones in 2026 were:

• entering into a secured convertible credit agreement with Callaway Capital Management for up to $40 million of financing;
• executing the final interconnection agreement for its 130.5 MW EL24 Wind Project in Tamaulipas, Mexico;
• signing definitive agreements for a portfolio of 16 distributed generation solar projects in Mexico with a total capacity of 2.8 MW; and
• advancing its 20 MW Vernal Battery Energy Storage System and 49.5 MW Primus Wind projects in the U.S. toward commercial offtake solutions.