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REVOLVE RENEWABLE POWER - $REVVF STOCK NEWS

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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.

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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.
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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.
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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.
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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.
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Revolve Renewable Power Corp. (REVVF) engages ICP Securities Inc. for market making services and adds Ray Lagace to Investor Relations team.
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Revolve Renewable Power Corp.'s CEO, Steve Dalton, acquires 133,500 common shares, increasing his shareholding to 6.01% of the total issued shares. The securities were acquired for investment purposes, with potential future transactions.
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Revolve Renewable Power Corp. announces the grant of Deferred Share Units to directors under the omnibus equity incentive plan. A total of 1,140,421 DSUs have been granted at various prices for different periods. The Company plans to issue DSUs instead of cash director's fees going forward.
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Revolve Renewable Power Corp. reported financial results for Q2 FY2024, highlighting total revenues of US$130,882 for the 3-month period and US$1,330,762 for the 6-month period. The company closed the acquisition of WindRiver, adding to its renewable energy portfolio. Net Loss for the quarter was US$421,257, with a Net Income of US$500,519 for the 6-month period. Cash on balance sheet stood at US$1,353,618 as of December 31, 2023.
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Revolve Renewable Power Corp. completes the acquisition of WindRiver Power Corporation, a Canadian renewable energy operator and developer, expanding its presence in the Canadian market. The acquisition includes a portfolio of operating and development projects, with significant revenue generation potential and growth opportunities.
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REVOLVE RENEWABLE POWER

OTC:REVVF

REVVF Rankings

REVVF Stock Data

15.20M
34.48M
39.6%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
Vancouver