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Revolve Provides Update on Commissioning of its BESS Project Located in Cancun, Mexico
Revolve Provides Update on Commissioning of its BESS Project Located in Cancun, Mexico ...
About this update from Revolve Renewable Power Corp
[{"type":"text","content":"\n \n \n \n Revolve Provides Update on Commissioning of its BESS Project Located in Cancun, Mexico\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 4, 2023\n \n \n /CNW/ -\n \n Revolve Renewable Power Corp.\n \n (TSXV: REVV) (\"\n \n Revolve\n \n \" or the \"\n \n Company\n \n \") is pleased to provide a further update on the progress of its 3.2MWh (\"megawatt per hour\") Battery Energy Storage System (or \"BESS\")(the \"Project\") project located in\n \n Cancun, Mexico\n \n . This is the first BESS project that the Company signed under its new division, Revolve Renewable Business Solutions. See News Release dated\n \n September 15, 2022\n \n .\n \n \n \n \n \n \n \n \n \n \n https://money.tmx.com/en/quote/REVV/news/5377287865811312/Revolve_Grows_its_Distributed_Generation_Portfolio_by_an_Additional_32MWh\n \n \n \n The majority of installation and commissioning works have now been completed at the Project and it is expected to be fully operational and revenue generating from\n \n May 1, 2023\n \n .\n \n \n \n Project Overview\n \n \n \n \n The 3.2MWh battery storage system is being installed at the site of a major hotel chain in\n \n Cancun, Mexico\n \n .\n \n \n Revolve is the 100% the owner of the Project and has responsibility for the financing, installation and operation of the BESS system.\n \n \n A 10-year Energy Services Agreement (or \"ESA\") has been signed between the Company and the hotel operator for the provision of peak shaving and other energy related services.\n \n \n Under the ESA agreement Revolve will receive an annual fixed payment in addition to sharing the energy savings delivered by the Project over the 10-year contract period.\n \n \n An Engineering Procurement Contract (or \"EPC\") has been signed with Quartux Mexico S.A. de C.V. (or \"Quartux\"), a highly experienced installer and operator of battery storage systems in\n \n Mexico\n \n , to deliver a turnkey solution for the installation and commissioning of the BESS system.\n \n \n In addition to the...