Revolve to acquire 6 MW battery storage portfolio in Ontario
Revolve Renewable Power has agreed to buy three battery storage projects in Ontario with 6 MW combined capacity for CAD 1.5 million, pending closing conditions.
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what happened
Canadian company Revolve Renewable Power, through a subsidiary, has signed a definitive agreement to acquire Logan Energy Storage ULC. The company owns three battery energy storage projects in Ontario with a combined capacity of 6 MW, or 11.7 MWh.
The total purchase price is CAD 1.5 million and will be paid from Revolve's own cash. The seller is not related to Revolve. The deal remains subject to customary closing conditions and regulatory approvals.
Once completed, Revolve's battery storage capacity in Ontario is expected to rise to about 20.2 MW / 36.0 MWh across nine projects. According to a press release published on ACCESS Newswire.
why it matters
The deal is small and unlikely to move markets broadly, but it shows how developers are expanding energy storage capacity in Ontario, where demand for grid balancing is growing. For investors it is mainly a corporate update rather than a market driver.
tags
sources
- Revolve Enters into Definitive Agreement to Acquire Three Project, 6 MW Battery Storage Portfolio in Ontario — accessnewswire.com, 30 October 2026 at 22:30 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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