Core Viewpoint - Lyra Energy has secured power purchase agreements (PPAs) for its Thakadu solar power plant, marking a significant step in the renewable energy sector in South Africa, with a focus on providing reliable and cost-effective clean power to commercial and industrial consumers [1][2]. Group 1: Project Overview - Lyra Energy, a joint venture between Scatec, Standard Bank, and Stanlib, is developing a 255MW solar power plant named Thakadu [1]. - The construction of the solar power plant will occur in two phases, with the first phase expected to reach financial close and commence construction in Q1 2026 [3]. Group 2: Business Model and Strategy - Scatec's aggregator model is designed to make renewable energy more accessible, helping South African companies reduce costs and emissions while supporting the country's energy transition [2]. - Lyra Energy aims to provide a low-risk and adaptable power solution tailored for medium-to-large commercial and industrial users through its flexible contracting framework [3]. Group 3: Partnerships and Market Impact - The project is supported by strong commercial and industrial partners, enabling businesses of all sizes to benefit from large-scale renewable energy [4]. - By consolidating renewable energy resources, Lyra Energy facilitates access to clean power for businesses that may lack the means to develop independent renewable initiatives [4].

Investment Announcement - Octopus Energy Generation has announced an investment of nearly $1bn (£736m) in Californian clean technology, focusing on carbon removal and renewable energy projects [1] - The funding will support two companies in California working to restore grasslands and forests, converting degraded land into areas that absorb carbon dioxide [1] Technology Focus - The company will also invest in heat battery technology developed in California's Bay Area, aiming to reduce emissions from industries that are challenging to electrify [2] - Octopus Energy Generation plans to buy a solar and battery project in California, expected to be operational by July 2026 [2] Strategic Goals - This initiative follows previous investments by the company in US clean technology infrastructure, targeting a total of $2bn in investment in the US energy sector by 2030 [3] - California produces more than two-thirds of its electricity from renewable sources and plans to reach 100% by 2045 [3] Broader Context - The UK's clean energy sector has also grown rapidly, outpacing overall economic growth [3] - Octopus Energy Generation continues to invest in solar and offshore wind projects across the US [4] Leadership and Vision - CEO Zoisa North-Bond emphasized the importance of California as a leader in clean energy innovation and the potential for long-term investment partnerships that benefit the UK economy [4] - The investment announcement coincided with a visit by California Governor Gavin Newsom to Octopus Energy's headquarters in London [5]

Year Ended December 31, 2025 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This Supplemental Information contains forward-looking statements and information, within the meaning of Canadian securities laws and "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, "safe harbor" provisions of the United States Private ...

Core Insights - Brookfield Renewable Partners reported record financial results for 2025, highlighting its leadership in providing clean and reliable energy solutions to governments and corporations [2][3] - The company signed a Hydro Framework Agreement with Google to deliver up to 3,000 megawatts of hydro capacity, reflecting strong demand from hyperscalers for clean energy [4][7] Financial Performance - For the twelve months ended December 31, 2025, Brookfield Renewable reported Funds From Operations (FFO) of $1,334 million, or $2.01 per unit, representing a 10% increase year-over-year [3][4] - The net income attributable to unitholders for the same period was a loss of $19 million, compared to a loss of $464 million in 2024 [3][4] Operating Segments - The hydroelectric segment generated $607 million in FFO, up 19% year-over-year, driven by higher revenue and stronger generation in Canada and Colombia [4][7] - The wind and solar segments combined generated $648 million in FFO, benefiting from acquisitions and development activities [4][7] - The distributed energy, storage, and sustainable solutions segments contributed $614 million in FFO, nearly a 90% increase from the previous year [4][7] Strategic Initiatives - The company committed or deployed up to $8.8 billion across strategic technologies in core markets, enhancing its growth potential [5][6] - Brookfield Renewable executed a record ~$4.5 billion in asset recycling, generating expected proceeds that significantly exceeded invested capital [6][7] Capacity Expansion - The company delivered approximately 8,000 megawatts of new capacity globally in 2025, a 20% increase year-over-year, and expects to achieve a run-rate of ~10,000 megawatts per year by 2027 [7][8] - Brookfield Renewable's partnerships with leading corporates and governments are expected to drive further growth in large-scale clean energy solutions [5][7] Liquidity and Capital Structure - As of December 31, 2025, the company maintained $4.6 billion in available liquidity and completed over $37 billion in financings, optimizing its capital structure [9][14] - The company reaffirmed its BBB+ investment grade rating with major rating agencies during 2025 [14] Distribution Declaration - The next quarterly distribution is set at $0.392 per LP unit, reflecting a more than 5% increase, bringing the total annual distribution per unit to $1.568 [10][11]

Core Insights - Voltalia has secured a 132-megawatt solar project in the Gabès region of Tunisia, increasing its total capacity of projects set to enter construction in the country to nearly 400 megawatts [1][2] Group 1: Project Details - The Wadi project will begin construction in 2027 and is expected to be commissioned in 2028, generating renewable energy for approximately 200,000 inhabitants and avoiding 120,000 tonnes of CO₂ emissions annually [2][3] - The geographical proximity of the Wadi, Menzel Habib, and Sagdoud projects will allow for cost optimization in construction, transportation, and maintenance [1] Group 2: Strategic Importance - This project aligns with Tunisia's goal to increase the share of renewable energy to 30% of its electricity production by 2030, up from only 6% as of April 2025 [3] - Voltalia's CEO highlighted the significance of this project in strengthening the company's presence in a region with strong solar potential and supporting Tunisia's energy ambitions [4] Group 3: Company Overview - Voltalia operates with a total capacity of 3.6 GW in operation and under construction, alongside a project portfolio of 17.4 GW under development [5] - The company provides a comprehensive range of services in renewable energy, from design to operation and maintenance, and employs over 2,000 people across 20 countries [6][7]

Investment Rating - The report does not explicitly provide an investment rating for the industry. Core Insights - The report emphasizes the significant potential of crop straw as a biomass resource for energy transition and carbon sequestration, highlighting its role in achieving climate goals and supporting rural renewable energy industries [14][17]. Summary by Sections Introduction - Crop straw is identified as a crucial biomass resource for energy transition and achieving climate goals, with global biomass energy demand projected to exceed 100 exajoules (EJ) by 2050 [14][15]. Crop Straw Can Support the Development of the Biofuel and Carbon Removal Industries - China generates approximately 860 million tons of crop straw annually, representing a major biomass resource with an energy potential of up to 9.5 EJ [15][28]. - Crop straw can be converted into high-value energy products such as sustainable aviation fuel (SAF), biomethanol, and biomethane, aiding decarbonization in hard-to-abate sectors [15][31]. Current Status and Challenges of Crop Straw Resource Utilization - China's crop straw resources are abundant, with an actual collectible amount of about 770 million tons, providing a solid foundation for biomass industry development [50][49]. - The comprehensive utilization rate of crop straw has increased from 70.6% in 2010 to 88.5% in 2024, but the fuel-based utilization remains low [77][88]. Market Outlook and Opportunities - The industrialization of crop straw-based biofuels faces cost challenges, with production costs for SAF estimated at RMB 13,000–15,000 per ton and biomethane at RMB 3.6–5.9 per cubic meter [87][88]. - Opportunities exist to improve the crop straw collection, storage, and transportation systems, and to build integrated production models combining green hydrogen and crop straw [26][87]. Development Model and Action Considerations - The report suggests building the crop straw-based biofuel industry in line with local resources and emphasizes the need for coordination across the crop straw value chain [36][41].

As filed with the Securities and Exchange Commission on January 27, 2026 Registration No. 333-291120 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ZEO ENERGY CORP. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 4931 001-40927 (I.R.S. Employer Identification Number) ...

As filed with the Securities and Exchange Commission on January 27, 2026 Registration No. 333-291120 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ZEO ENERGY CORP. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 4931 001-40927 (I.R.S. Employer Identification Number) ...

Core Insights - Econergy Renewable Energy Ltd. has achieved financial close on the Dalmarnock 40MW / 120MWh battery energy storage system project in Scotland, securing £21 million in project finance from Santander UK and establishing a long-term partnership with EDF for battery optimisation services [1][2]. Company Developments - The Dalmarnock project marks a significant milestone in Econergy's UK storage strategy, showcasing the company's transition from a developer to an operational independent power producer (IPP) [2][4]. - The project validates the bankability of Econergy's standalone storage portfolio and its capability to attract high-quality financing partners for long-term asset ownership [2]. Financial Structure and Revenue Model - The long-term optimisation agreement with EDF guarantees a minimum income level, enhancing revenue visibility and cash flow certainty while allowing Econergy to benefit from market volatility [3]. - This revenue structure combines downside protection with upside participation, aligning with Econergy's strategy to maximize risk-adjusted returns from operational storage assets [3]. Strategic Partnerships - The collaboration with Santander and EDF not only secures capital efficiency but also establishes a revenue structure that provides long-term visibility while maintaining exposure to the UK's energy transition [4]. - Santander UK has funded its first 3-hour duration asset through the Dalmarnock project, reinforcing Econergy's position in the energy storage sector [5]. Future Outlook - The financial close of the Dalmarnock project paves the way for the commercialization of Econergy's strategic UK pipeline, which includes 17 projects totaling nearly 3 GW [4]. - The project is seen as a key step in supporting the UK's clean energy transition and increasing the use of renewable energy [5].

Summary of India Power Sector Conference Call Industry Overview - **Industry**: Indian Power Sector - **Key Focus**: The transition from thermal to renewable energy sources, including coal, renewables, and nuclear power, as India aims to electrify its economy similar to China but at a slower pace [1][2][3] Core Insights and Arguments 1. Power Demand Projections - **Demand Growth**: Expected to grow at a range of 0.7x to 1.2x of real GDP growth, with a base case of 5.5% CAGR [2][5] - **Renewable Capacity**: Forecast of 430 GW of renewable energy by 2030, below the government target of 500 GW [5][39] - **Battery Energy Storage Systems (BESS)**: Anticipated addition of 60-70 GW of BESS by 2030 to manage demand and supply effectively [2][5] 2. Supply Mix and Capacity - **Thermal Capacity**: Current thermal capacity expected to reach 346 GW by FY30, with coal demand projected to grow at ~1% CAGR until FY30 [39][51] - **Nuclear and Renewable Energy**: Plans for nuclear energy expansion, but significant additions are not expected until after 2030 [3][6] - **Curtailment Issues**: In a high demand scenario (7% CAGR), curtailment of renewable energy could rise to 8% [2][5] 3. Long-term Perspectives (2040) - **Capacity Needs**: By 2040, a scenario with no new coal additions could require BESS capacity to rise to 390 GW to meet demand [3][82] - **Coal Retirement**: Potential for retiring 10% of coal plants, but this would increase reliance on BESS technology [3][84] - **Cost Considerations**: Levelized cost of energy (LCOE) for renewable energy is projected to be higher if coal is phased out without adequate BESS capacity [3][84] Additional Important Insights 1. Technology Uncertainties - **Sodium-ion Batteries**: Expected to reach cost parity with lithium-ion batteries by 2026, which could enhance renewable energy adoption in India [75][76] - **Small Modular Reactors (SMRs)**: While promising, SMRs are projected to be at least a decade away from commercial viability [66][67] 2. Investment Implications - **Capex Requirements**: Estimated capital expenditure for achieving the 500 GW renewable target could be significantly higher than the base case scenario [57][58] - **Stock Ratings**: Companies like NTPC, Power Grid, ReNew, and Adani Green are rated based on their expected performance against market indices [4][11][97][100] 3. Risks and Challenges - **Project Delays**: Risks include slower-than-expected project capitalization and challenges in battery technology development [101][102] - **Market Dynamics**: The need for a stable regulatory environment and technological advancements to support the transition to renewable energy [102][106] This summary encapsulates the key points discussed in the conference call regarding the future of India's power sector, highlighting the balance between demand growth, supply capacity, and the transition to renewable energy sources.