REVOLVE RENEWABLE POWER - REVVF STOCK NEWS

Revolve Renewable Power Corp. (TSXV:REVV, OTCQB:REVVF) has announced an upward revision of its FY2024 financial forecast. This announcement, dated June 20, 2024, highlights significant growth in the company’s renewable energy projects across North America.

Key updates include a projected increase in annual revenue by 25%, driven by new project acquisitions and improved operational efficiencies. The revised forecast also anticipates a 15% reduction in operational costs due to advancements in technology and strategic partnerships.

Revolve's CEO, Mark O’Reilly, attributes the positive financial outlook to the company's commitment to expanding its renewable energy portfolio, reinforcing its position as a market leader in the sustainable energy sector.

The company’s focus on innovation and sustainable growth continues to attract investor interest, reflected in a recent uptick in stock performance. This upward revision positions Revolve for strong financial health and shareholder returns in the upcoming fiscal year.

Revolve Renewable Power Corp. (TSXV: REVV, OTCQB: REVVF) announced it will present at the 2024 Canadian Climate Investor Conference (CCIC) on June 25, 2024, at the MaRS Discovery District in Toronto, Ontario.

The company, engaged in developing renewable energy projects across North America, aims to highlight its business developments and future plans. The conference provides an opportunity for Revolve to engage with potential investors and stakeholders in the renewable energy sector.

Revolve Renewable Power Corp. (TSXV:REVV, OTCQB:REVVF) has announced the receipt of a US$3.4 million milestone payment for the 1,000MW Bouse Solar and Storage Project. This payment follows the completion of a important interconnection milestone. The project, sold to ENGIE IR Holdings in January 2023, previously provided Revolve with an upfront payment of US$2 million, with $800,000 recognized as revenue in Q3 FY2023 and $1.2 million as deferred revenue. The recent milestone achievement means the deferred revenue of US$960,000 will now be recognized in Q4 FY2024. The Bouse Project spans 6,155 acres in Arizona and is capable of powering approximately 1.2 million homes.

Revolve Renewable Power Corp. (REVVF) reported a 65% revenue increase for Q3 FY2024, compared to the same period last year, following the acquisition of WindRiver Power. Total revenues for the quarter were $337,439 and $1,668,201 for the nine months ending March 31, 2024. Notable revenue sources included electricity generation and milestone payments. Renewable energy generation reached 3,877,342 kWh for the quarter. The company completed the acquisition of WindRiver and has various projects under development, including a 3MW CHP project and 450kWp rooftop solar project in Mexico. Despite challenges in converting signed power purchase agreements, Revolve remains optimistic. However, the company reported a net loss of $1,167,546 for the quarter, a significant decline from a net profit last year. As of March 31, 2024, cash on hand was $1,295,455.

Revolve Renewable Power Corp. (OTCQB: REVVF) is set to release its Q3 2024 financial results on May 30, 2024, before the markets open. The company, a North American renewable energy projects owner, operator, and developer, will provide additional business updates alongside the financial statements.

Revolve Renewable Power Corp. has started the installation works on a 450kWp rooftop solar project in Central Mexico, expected to generate over 650,000kWh of renewable electricity annually and offset 325,000 kg of CO2 emissions. The project will operate under a 15-year power purchase agreement, with commercial operation targeted before the end of June. Revolve aims to expand its renewable energy portfolio and sees a growing demand for distributed generation projects.

Revolve Renewable Power Corp provides an update on the development progress of its Vernal Battery Storage project, a key utility scale project aimed at generating long-term revenue and cash flow. The project is located in Uintah County, Utah, on a 47-acre parcel of land owned by the State Land Trust. The Company has made significant strides in the interconnection process and permitting works, with plans to commence construction in 2025 and commercial operations in 2026.

Revolve Renewable Power Corp. announces the grant of 335,784 Deferred Share Units (DSUs) to the Company's directors under the Deferred Share Unit Plan. Each DSU entitles the holder to receive one share of the Company or a cash payment equal to the share's value upon ceasing to be a director. The DSUs vest after one year from the grant date, issued quarterly at a price of C$0.30 per share in place of cash director's fees.

Revolve Renewable Power Corp. appoints Ms. Tania Ontiveros as the new Chief Financial Officer, bringing over 15 years of experience in the renewable energy sector. The company aims to enhance financial reporting, treasury, and corporate finance capabilities, signaling a strategic move towards becoming an operator of renewable energy projects in the Canadian market.