PowerSecure works with Kit Carson Electric Cooperative to enhance grid resilience [Accessibility Statement] Skip NavigationDURHAM, N.C., Feb. 16, 2026 /PRNewswire/ -- PowerSecure is proud to collaborate with Kit Carson Electric Cooperative (KCEC) to continue the development and construction of a microgrid project that includes three new microgrids incorporating battery energy storage systems (BESS). The project is designed to strengthen KCEC's community readiness and improve resilience against the impacts o ...

Core Insights - Fu-Gen has secured a 125MW battery energy storage system (BESS) project in Vuolijoki, Finland, in collaboration with Nala Renewables, following a framework agreement established in October 2025 [1][2] - Construction of the Vuolijoki project is expected to commence later this year, indicating a strong commitment to renewable energy development in the Nordic region [1][2] Company Developments - Fu-Gen's development director emphasized the project's alignment with their Nordic development strategy and its contribution to Finland's electricity system stability and decarbonization efforts [2] - The Vuolijoki BESS project has been finalized, showcasing its technical and commercial viability, which is crucial for future developments [2] Previous Collaborations - Nala Renewables previously acquired a 50MW BESS facility in Kauhava, Finland, from Fu-Gen, demonstrating a history of successful collaborations in energy storage projects within the Nordic region [3] - Nala's interim CEO highlighted Finland as a strategic market for BESS in Europe, reinforcing the business case for further expansion in the Nordic area [3] Future Prospects - In July 2024, Nala signed an agreement to acquire a 61MW-peak solar photovoltaic project in Romania, indicating ongoing growth and diversification in renewable energy projects [4]

Core Insights - PowerBank Corporation reported a fiscal second quarter 2026 revenue of $22.3 million, a 16.5% increase from $19.2 million in the same period of FY2025, with a gross margin of 36% compared to 30% in FY2025 [1][2] - The company achieved a net loss of $6.7 million, significantly improved from a net loss of $28.2 million in the same period of FY2025, resulting in a basic loss per share of $(0.18) compared to $(0.91) [1][2] - PowerBank's cash flow from operating activities turned positive with an inflow of $5.0 million, contrasting with an outflow of $1.1 million in the same period of FY2025 [1][2] Financial Highlights - Total revenue for the six-month period ended December 31, 2025, was $22.3 million, up from $19.2 million in the same period of FY2025 [2] - Adjusted EBITDA for the same period was $2.5 million, slightly up from $2.3 million in FY2025 [1][2] - The company ended the second quarter with $35.7 million in current assets, down from $41.3 million at the end of FY2025, primarily due to a reduction in trade receivables [2] Corporate Developments - PowerBank advanced the construction of a 4.99 MW Battery Energy Storage System project in Ontario, expected to reach commercial operation in February 2026 [1] - The company secured a 20 MW solar and Battery Energy Storage System power purchase agreement with the New York State Division of Military and Naval Affairs [1] - PowerBank announced a $41 million transaction with Solar Advocate Development LLC for the sale and construction of three community solar projects totaling 16.87 MW [1][2] Strategic Initiatives - The company is focusing on growing its Independent Power Producer asset base for long-term recurring revenues while selectively monetizing development projects [1] - PowerBank has a development pipeline exceeding 1 GW and has developed renewable energy projects with a combined capacity of over 100 MW [3] - The company is collaborating with Orbit AI to launch the "Orbital Cloud" initiative, integrating AI and solar energy in space-based infrastructure [1][2]

Core Viewpoint - NeoVolta Inc. has successfully raised approximately $23 million through financing transactions to support working capital and fund its joint venture in battery energy storage manufacturing, with mass production expected in mid-2026 [1][2][8] Financing Transactions - The company completed a $7 million initial capital contribution to its joint venture, NeoVolta Power, LLC, which is structured in three phases [2][3] - The financing includes a $13 million private placement and a $10 million registered direct offering, generating net proceeds of approximately $9.4 million [7] Capital Commitment Structure - NeoVolta's total committed capital contribution to the joint venture is structured in three phases: - Phase 1: $7 million initial contribution completed in January 2026 - Phase 2: $8 million due by April 30, 2026 - Phase 3: $10 million at commissioning [3][7] Operational Milestones - The joint venture is progressing towards operational milestones at the Georgia facility, with mass production targeted for mid-2026 [5][8] - The facility is designed to produce IRA-compliant, American-made battery energy storage systems [11] Market Opportunity - The joint venture is expected to expand NeoVolta's total addressable market to over $45 billion by 2030, including $15 billion in residential storage and $10 billion in commercial and industrial storage [11] - At full utilization, the initial annual production capacity of 2 GWh could represent approximately $400 million in annual revenue potential [11] Management Commentary - The CEO of NeoVolta highlighted the significance of the financing transactions in advancing the Georgia battery manufacturing joint venture and emphasized the company's focus on disciplined capital deployment [8]

Summary of Conference Call on Battery Energy Storage Systems (BESS) and WEG Industry Overview - **Industry**: Battery Energy Storage Systems (BESS) in Brazil - **Key Players**: Brookfield, WEG, ABB, Siemens (SIE), Schneider Electric (SU) Core Insights 1. **BESS Integration in Brazil**: Large-scale BESS is expected to be integrated into Brazil's energy grid due to issues with curtailment and reliance on renewable energy sources [1][5] 2. **Government Auction**: A BESS capacity auction of 2GW is scheduled for April, but results may vary due to pending regulations [1][5] 3. **Supplier Differentiation**: There is limited differentiation among Tier 1 BESS suppliers, with price being the primary decision factor [1][5] Financial Projections for WEG 1. **Revenue Potential**: BESS could contribute up to R$71 billion (~US$13 billion) to WEG's revenue by 2035, averaging R$6.4 billion (~US$1.2 billion) annually [2] 2. **Valuation Comparison**: WEG is trading at 21.4x EV/EBITDA for 2026 estimates, compared to peers ABB (16-20x) and Siemens (16.4x) [3] BESS Applications and Economics 1. **Application Segments**: BESS applications include large-scale for transmission and distribution, behind-the-meter, and mid-scale solutions [5] 2. **Curtailment Issues**: Selected Brookfield solar projects face curtailment rates of 40-50%, highlighting the need for BESS to enhance efficiency [5] 3. **Cost Trends**: Battery costs have decreased by 90% over the past decade, with current BESS prices ranging from R$1.1-1.3 million/MWh [5] 4. **Investment Returns**: Integrated projects (solar + BESS) can increase internal rates of return (IRRs) by 600-800 basis points [5] Regulatory and Market Challenges 1. **Auction Uncertainties**: The upcoming auction faces uncertainties regarding technical requirements and tax treatment, with a minimum of 1GW expected but a belief that 5GW is needed [5][6] 2. **Import Tariffs**: Recent increases in import tariffs on inverters and BESS components pose challenges for investment [6] Industry Requests 1. **Government Support**: The industry is requesting the government to align contract durations with battery life, update pricing models, and create tax incentives [7] 2. **Supply Chain Concentration**: The battery supply chain is heavily concentrated, with 85% of production in China, leading to higher costs for batteries produced in the US and EU [7] Technological Developments 1. **Sodium Batteries**: Sodium batteries are emerging as a cost-effective alternative, potentially capturing 20-30% of the market share in the next decade [7] 2. **Renewable Energy Integration**: The challenge for Brazil is to scale renewable energy without integrating wind, solar, and BESS effectively [7] Conclusion - The discussion emphasizes the potential growth of BESS in Brazil, particularly for WEG, while also highlighting regulatory challenges and the need for government support to facilitate market growth. The financial outlook for WEG remains positive, supported by the anticipated revenue contributions from BESS.

Core Insights - Aegis Critical Energy Defence Corp. is advancing its Battery Energy Storage Systems (BESS) offerings and has formed partnerships to integrate these systems into critical infrastructure and defense sectors, with a new product rollout targeted for late Q2 2026 [1][2] Company Developments - Aegis has submitted a proposal for a ~90 MWh grid-scale BESS project in Ontario, with a $500,000 bond posted for the Independent Electricity System Operator's Long-Term 2 Request for Proposals, expected outcome in Q2 2026 [3] - The company has established a new subsidiary, Homeland Nuclear Energy Inc., focusing on Small Modular Reactors (SMRs) and Micro Modular Reactors (MMRs) to meet energy security and decarbonization goals [4] - Aegis has executed a Memorandum of Understanding with Malahat Energy Systems and Ontario Tech University to advance hybrid nuclear energy architectures integrating SMRs with BESS [5] Strategic Partnerships - Aegis is collaborating with Pixii Americas to supply next-generation battery solutions for telecommunications, reflecting strong market demand for resilient energy solutions [9] - The company is in discussions with a top-three Canadian telecommunications operator to enhance network reliability through integrated energy solutions [9] Market Expansion - Aegis is expanding into the U.S. market, having initiated its first operational installation in the Carolinas, with further installations planned in Indiana [9] - The company is aligning its capabilities with NATO-aligned governments to support energy resilience in defense-critical areas, particularly in Arctic and sub-Arctic regions [9] Financial and Structural Changes - Aegis has entered into a debt settlement agreement involving the issuance of 4,165,719 common shares of its subsidiary, Subco, at a deemed price of $0.02 per share [11] - Aegis plans to distribute 3,749,319 Spin-Out Shares to its shareholders, with the arrangement subject to various approvals [12][14]

Core Viewpoint - PowerBank Corporation has successfully transitioned its Geddes Project in upstate New York from construction financing to a mini-perm loan, securing $920,000 USD in funding to support its operations and community solar initiatives [1][4]. Financing Details - PowerBank entered into a loan agreement with Seminole Financial Services for an initial amount of $2,600,000 USD, which was utilized to complete the construction of the Geddes Project [2]. - The loan has been converted into a mini-perm loan with a principal amount of $1,695,000 USD and a maturity date set for January 20, 2032 [4]. Project Overview - The Geddes Project is now operational as a community solar project, allowing renters and homeowners to benefit from solar energy without needing to install panels on their properties [5]. - Community solar projects enable participants to earn credits on their electric bills based on the electricity generated by the solar panels [5]. Company Background - PowerBank Corporation focuses on developing and owning renewable and clean energy projects, particularly distributed and community solar projects in North America [7]. - The company has a development pipeline exceeding one gigawatt and has successfully built renewable energy projects with a combined capacity of over 100 megawatts [7]. Partner Information - Seminole Financial Services specializes in financing renewable energy projects and has funded over $3.5 billion in capital for such initiatives across the United States [3][9].

Core Insights - Major technology companies like Google, Amazon, and Meta are shifting towards direct ownership of renewable energy assets to meet the increasing power demands of data centers and AI computing [2][3] - This transition indicates a fundamental change in how digital infrastructure companies secure their energy supply, moving away from traditional power purchase agreements (PPAs) [3][9] Industry Trends - The total capital commitment from recent transactions by these tech giants exceeds $4 billion, highlighting significant investment in renewable energy infrastructure [5] - Data center power consumption in the U.S. is projected to rise by 160% by 2030, primarily due to AI and machine learning workloads [5] - Major tech companies are pursuing aggressive carbon neutrality targets, aiming for net-zero emissions by 2030 or earlier, which necessitates rapid deployment of renewable energy [6] Implications for Independent Power Producers - The emergence of large-scale transactions creates opportunities for independent renewable energy companies to engage with hyperscaler demand [4] - Companies with strong development pipelines may become acquisition targets, while those with operational assets could find opportunities for portfolio sales [4] - Traditional PPA relationships remain viable for companies focusing on capital efficiency and development speed [4] Company Positioning - PowerBank Corporation has a development pipeline exceeding one gigawatt and a proven track record of over 100 megawatts of operational renewable energy projects [7] - The company specializes in battery energy storage systems (BESS) integration, essential for meeting the 24/7 power needs of data centers [7] - PowerBank's strategic focus on advanced data center power solutions and collaboration with Orbit AI positions it well in the evolving market landscape [8]

Core Viewpoint - PowerBank Corporation emphasizes its strategic alignment with Elon Musk's vision for space-based solar power and AI infrastructure, highlighting its role in advancing renewable energy solutions for future AI computing needs [1][4][8]. Group 1: Company Strategy and Collaboration - PowerBank is focused on solar energy infrastructure and battery energy storage systems, with plans to expand into advanced data center solutions, particularly space-based solar-powered AI infrastructure [1][4]. - The company is collaborating with Smartlink AI (Orbit AI) to develop solar and thermal energy management systems for space-based initiatives, confirming the operational status of the Orbit AI satellite, which is already producing solar power in space [4][6]. - PowerBank has a development pipeline of over one gigawatt and a proven track record of delivering renewable energy projects across North America, aligning with Musk's ambitious targets for solar power production [4][12]. Group 2: Industry Insights and Technological Advancements - Musk's remarks at Davos highlight the critical need for electrical power in AI deployment, which aligns with PowerBank's focus on solar energy production [2][3]. - Space-based AI infrastructure offers significant advantages, such as continuous solar exposure, which can yield up to five times more effectiveness than terrestrial solar installations [5]. - The successful operation of the Genesis-1 satellite demonstrates the feasibility of solar-powered AI computing in low-Earth orbit, paving the way for future satellite launches and the establishment of an Orbital Cloud constellation [7][11]. Group 3: Challenges and Requirements for Space-Based Solutions - Power companies like PowerBank are essential in advancing solar technology for space applications, which require specialized expertise in solar energy systems optimized for orbital conditions [8]. - Space-grade solar panels must endure extreme temperature fluctuations while maintaining consistent power output, necessitating advanced thermal management solutions [9][10]. - PowerBank's experience in developing battery energy storage systems for terrestrial applications is directly applicable to managing power fluctuations in orbital systems [10].

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].