Lydian Energy has secured $689m in financing to support the development of two solar power projects and one battery storage project in the US. The funding, provided by CIBC and MUFG, will be used for the AC Ranch 1 solar project in New Mexico, the Yellow Viking facility in Texas and the Faraday BESS (battery energy storage system) in Utah. The financial package includes a construction-to-term loan, a co-investment bridge loan, a tax credit bridge loan and a letter of credit facility. AC Ranch 1 is a 75 ...

Core Viewpoint - SolarMax Technology, Inc. reported significant revenue growth in Q3 2025, driven by the Texas battery storage project, although gross profit was impacted by accounting treatment for the project [3][7]. Financial Performance - Revenue for Q3 2025 reached $30.6 million, a 383% increase from $6.3 million in Q3 2024 [7]. - Gross profit was $956,000, down 24% from $1.3 million in Q3 2024, primarily due to the timing of revenue recognition on a large industrial project [7]. - Total operating expenses decreased to $3.1 million, down $8.2 million from $11.3 million in Q3 2024 [7]. - The net loss improved to $2.3 million, or $0.04 per share, compared to a net loss of $9.6 million, or $0.21 per share in Q3 2024 [7]. Strategic Initiatives - The company is focusing on disciplined cost management and diversification across end markets to strengthen its business foundation [3]. - SolarMax aims to expand its operations in the U.S. by providing EPC services for industrial projects and enhancing its residential solar operations [4].