RETRANSMISSION: AEGIS and SEETEL Establish Cordelia BESS and submits proposal to Participate in IESO LT2 Capacity Stream Procurement

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[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 22, 2025) - Aegis Critical Energy Defence Corp. (CSE: QESS) (OTCQB: QESSF) (FSE: JG6) ("Aegis" or the "Company") announces that it has entered into a legally binding agreement with Seetel New Energy Co. Ltd. (Taiwan) (7740.TW) through the formation of Cordelia BESS Inc., an Ontario-incorporated project company established for the purpose of participating in Ontario's grid-scale energy storage market.","length":483,"tagName":"p"},{"type":"text","content":"Cordelia BESS Inc. has submitted a proposal Thursday, December 18, 2025 in response to the Independent Electricity System Operator's ("IESO") Long-Term 2 ("LT2") Request for Proposals - Capacity Stream (C1). The submission contemplates the potential development of a battery energy storage system ("BESS") project with an indicative size of approximately 90 MWh, subject to the outcomes of the IESO's evaluation process and the satisfaction of all applicable commercial, regulatory, and contractual conditions.","length":548,"tagName":"p"},{"type":"text","content":"The proposed project site is subject to an agreement with the land holders; the site is located adjacent to an existing Festival Hydro substation in Ontario. The project remains at a development and procurement participation stage, and no contract award, revenue, or commercial operation is assured. Any advancement of the project is contingent upon the IESO's procurement process, the execution of definitive agreements, and receipt of all required approvals.","length":464,"tagName":"p"},{"type":"text","content":"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 associated with electrification, population growth, and industrial development. Battery energy storage systems are among the resource types eligible to participate in the LT2 procurement, given their ability to provide flexible capacity and grid support services.","length":470,"tagName":"p"},{"type":"text","content":"Publicly available IESO planning materials indicate that Ontario electricity demand is expected to grow significantly over the coming decades, with forecasts projecting material inc...

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