Core Viewpoint - Aegis Critical Energy Defence Corp. has entered into a legally binding agreement with Seetel New Energy Co. Ltd. to form Cordelia BESS Inc., aimed at participating in Ontario's grid-scale energy storage market [1] Group 1: Project Development - Cordelia BESS Inc. has submitted a proposal for a battery energy storage system (BESS) project with an indicative size of approximately 90 MWh in response to the IESO's Long-Term 2 Request for Proposals [2] - The proposed project site is located adjacent to an existing Festival Hydro substation in Ontario, and the project is currently at the development and procurement participation stage [3] Group 2: IESO and Market Context - The LT2 Capacity Stream is part of the IESO's long-term electricity planning framework, designed to secure additional dispatchable capacity to support system reliability and meet forecasted demand growth [4] - Ontario's electricity demand is expected to grow significantly, with forecasts indicating material increases in peak demand and total system requirements by mid-century [5] Group 3: Company Background - Aegis Critical Energy Defence Corp. develops and integrates advanced battery energy storage systems for various applications, including defence and critical infrastructure [9] - Seetel New Energy Co. Ltd. specializes in high-performance lithium battery modules and energy-storage systems for industrial and grid applications [7]