Revolve Renewable Power Corp. provided an update on the ongoing interconnection application process for its 80MWh/20MW Vernal Battery Storage project (the "Project"). The Vernal BESS Project is an 80MWh /20MW battery storage project, located on a 47-acre land parcel wholly owned and administered by the State Land Trust (the "State Trust") in Uintah County, 4 miles north of Vernal, Utah.

The project site already benefits from excellent access through the existing local road network and is in close proximity to existing transmission infrastructure. Development Highlights: As indicated in the previous project update issued on March 23, 2023 the company initiated an active development program for the project during 2023, which was a key part of this development program related to the interconnection process for the Project. Interconnection - the Project is ideally located less than a half mile from the existing transmission network in the area.

In May 2022 the company applied for an interconnection with PacifiCorp, the transmission system operator /owner of the interconnection infrastructure located adjacent to the project site as part of their 2022 Cluster 2 study. The results of this first phase of the study process were received by Revolve in November 2022 and the Company decided to move forward to the second phase of the interconnection process. The Company secured a surety facility of USD 1.8 million, which facilitated meeting the financial security posting requirements under the PacifiCorp interconnection regulations in order to move to this second phase.

Revolve has now received the final second phase study for the Project, the results of which continue to remain in line with the Company's expectations both in terms of the overall cost of the interconnection and the potential commissioning timeline. The Company is now expected to sign an interconnection agreement for the Project by the end of this year ahead of the previously indicated timeline of 2024. Permitting and other development works on the project are continuing with a ready to build ("RTB") target date in late 2024.