Mr. Chris McGillivray reports
AEGIS CRITICAL ENERGY DEFENCE CORP. PROVIDES UPDATE ON ONTARIO LT2 (C-1) CAPACITY STREAM TENDER, CONGRATULATES LT2 WINNERS AND OUTLINES GROWTH OPPORTUNITIES
Cordelia BESS Inc., the special purpose vehicle (SPV) jointly established by
Aegis Critical Energy Defence Corp. and Taiwan-based SEETEL New Energy Inc. (7740.TW), was not successful in its bid under the independent electricity system operator's Long Term 2 Capacity Stream LT2 (c-1) procurement in Ontario.
Aegis and SEETEL wish to extend their sincere congratulations to all successful LT2 tender winners. Aegis and its exclusive supply partner, SEETEL, would welcome the opportunity to supply the successful LT2 winners with a CX -- five MWh (megawatt-hour) containerized battery-energy-storage solution, equipped with quantum-level cybersecurity provided by Aegis's partner, Quantum eMotion.
Ken Wu, head of North America for SEETEL, said:
"We congratulate all successful LT2 (c-1) proponents and continue to see Ontario as an exceptional market for clean-energy growth. With Aurosi and our partner Aegis, we are ready to supply our five MWh containerized storage solution, secured by quantum-grade cybersecurity from Quantum eMotion. Our focus is on building a project-driven company in energy storage and data-centre infrastructure, and we look forward to collaborating with proponents seeking secure, containerized systems."
Chris McGillivary, chief executive officer of Cordelia BESS Inc., commented:
"We congratulate all successful LT2 (c-1) proponents and recognize the strong momentum in Ontario's energy-storage market. Together with Aurosi and our partner Aegis, we are ready to supply our five MWh containerized storage solution with quantum-grade cybersecurity from Quantum eMotion (QNC: NYSE American). We are building a project-oriented company focused on energy storage and data-centre applications, and we are eager to collaborate with LT2 proponents seeking secure, containerized systems."
Randolf Lin, chief executive officer of Aurosi Precision Co. Ltd. and director of Cordelia BESS, added:
"The Aurosi team is committed to investing in utility projects, AI centres and data centres with our partner Aegis in North and South America. We have capital to deploy, proven manufacturing capacity and are actively looking for opportunities to invest alongside project developers, including those who were successful in the LT2 process.
Strategic direction following LT2 C1 outcome
While the LT2 (c-1) outcome for Cordelia BESS in Stratford is not the result the partnership had hoped for, Aegis emphasizes that:
- The Aegis-SEETEL partnership via Cordelia BESS remains intact and active.
- The team continues to evaluate new battery-energy-storage and critical-infrastructure projects across North America, including:
- Additional opportunities in three Canadian provinces;
- Multiple prospects in the southeastern United States, particularly where grid-supporting storage and reliable power for AI centres and data centres are in demand;
- Through the SEETEL subsidiary Aurosi, Aegis is focused on deploying both equipment and capital into utility-scale projects and digital-infrastructure-related energy systems in North and South America, consistent with its broader growth strategy for secure, resilient energy infrastructure.
About Cordelia BESS Inc.
Cordelia BESS is an Ontario-based project company established by Aegis Critical Energy Defence and SEETEL New Energy for the development of battery energy storage projects in Canada.
About Aegis Critical Energy Defence Corp.
Aegis Critical Energy Defence is a Canadian-based energy technology company focused on the development of secure and resilient energy systems for critical infrastructure. The company's integrated platform combines advanced energy storage, hybrid and distributed generation systems, intelligent control architectures, and cybersecurity to deliver high-reliability solutions for applications across defence, marine, remote and industrial sectors.
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