Revolve Announces Release Date for FY2024 Financial Results

VANCOUVER, BC / ACCESSWIRE / September 6, 2024 / Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF) ("Revolve" or the "Company"), a North American owner, operator and developer of renewable energy projects, is pleased to announce that it plans to release its June 30, 2024 full year financial statements ("FY2024") on October 29, 2024 before market opens at 8:00am Eastern Standard Time. The Company will publish its FY2024 financial statements together with supplementary information providing an update on the business.

FY2024 Financial Guidance

On June 20, 2024 the Company updated its forward looking guidance with respect to revenues and EBITDA for the financial year ending June 30, 2024 ("FY2024"), increasing its revenue forecast for FY2024 from US$5.0m to US$6.0m and its EBITDA forecast from breakeven to US$1.5m (https://revolve-renewablepower.com/revolve-revises-fy2024-forecast-upw ...).

The Company also would like to announce that as of August 26, 2024, it has expanded the role of Bobby Mullins of RPM Capital Corp. as a consultant to include a broader remit of investor relations activities for the Company. Mr. Mullins has been working with the Company for the last 12 months in a general corporate development capacity. He has decades of financing and investor relations experience working with numerous micro and junior cap companies.

About Revolve

Revolve was formed in 2012 to capitalize on the growing global demand for renewable power. Revolve develops utility-scale wind, solar, hydro and battery storage projects in the US, Canada and Mexico. The Company has a second division, Revolve Renewable Business Solutions which installs and operates sub 20MW "behind the meter" distributed generation (or "DG") assets. Revolve's portfolio includes the following:

• Operating Assets: 11MW (net) of operating assets under long term power purchase agreements across Canada and Mexico covering wind, solar, battery storage and hydro generation;

• Under Construction: a 3MW CHP project and a 450kWp rooftop solar project that are both under construction and expected to be operational later this year; and

• Development: a diverse portfolio of utility scale development projects across the US, Canada and Mexico with a combined capacity of over 3,000MWs as well as a 140MW+ distributed generation portfolio that is under development.

Revolve has an accomplished management team with a demonstrated track record of taking projects from "greenfield" through to "ready to build" status and successfully concluding project sales to large operators of utility-scale renewable energy projects. To-date, Revolve has developed and sold over 1,550MW of projects.