Distributed Generation Assets

The Company has a second division, Revolve Renewable Business Solutions which installs and operates sub 20MW “behind the meter” distributed generation (or “DG”) assets.

In August, 2022 the Company acquired Centrica Business Solutions (Mexico) which immediately delivered operating assets with recurring revenue to the division. Customers include a range of different industrial and commercial businesses in the US and Mexico. These projects include rooftop solar, battery storage and energy efficiency projects of up to 5MW located at the customer’s premises. Revolve develops, constructs and finances the projects entering into long term (typically in the range of 10 years) power purchase agreements (“PPAs”) for the sale of electricity from the projects to underlying customers.

Revolve Renewable Business Solutions currently has an operating portfolio of 6MW with an additional 3MW in the construction phase.