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Aegis Critical Energy Defence ( (TSE:QESS) ) has shared an announcement.
Aegis Critical Energy Defence Corp. has formed Cordelia BESS Inc. with Taiwan-based SEETEL New Energy to pursue opportunities in Ontario’s grid-scale energy storage sector, targeting a 90 MWh battery energy storage system located near a Festival Hydro substation. Cordelia BESS has submitted a proposal into the Independent Electricity System Operator’s Long-Term 2 Capacity Stream procurement, a competitive process aimed at securing flexible, dispatchable capacity to meet Ontario’s rising electricity demand, though any contract award and project advancement remain contingent on IESO evaluation, definitive agreements and regulatory approvals.
More about Aegis Critical Energy Defence
Aegis Critical Energy Defence Corp. is a developer and integrator of advanced battery energy storage systems serving defence, critical infrastructure, industrial and AI data centre markets. Leveraging partnerships with Indigenous communities and global technology firms, the Vancouver-based company focuses on rugged, intelligent and secure energy solutions for mission-critical operations.
YTD Price Performance: 145.45%
Average Trading Volume: 1,633,295
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$50.9M
See more insights into QESS stock on TipRanks’ Stock Analysis page.