Polaris Renewable Energy Inc. Announces Submission of SO1 Agreement for Regulatory Review by Puerto Rico Energy Bureau

Reuters

2025/08/11

<a href="https://laohu8.com/S/RAMPF">Polaris Renewable Energy</a> Inc. Announces Submission of SO1 Agreement for Regulatory Review by Puerto Rico Energy Bureau

Polaris Renewable Energy Inc. has announced that LUMA Energy ServCo, LLC, acting on behalf of the Puerto Rico Electric Power Authority (PREPA), submitted the Battery Energy Storage System Standard Offer Agreement (SO1 Agreement) to the Puerto Rico Energy Bureau (PREB) for formal approval on August 8, 2025. The submission marks a significant milestone in Polaris's energy storage strategy aimed at bolstering Puerto Rico's energy resilience. The SO1 Agreement, part of the Puerto Rico Accelerated Storage Addition Program, involves a Battery Energy Storage System with a capacity of 71.4 MW. Final regulatory approval is anticipated within 30 to 90 days, and upon completion, the project will facilitate monthly fixed and performance-based payments from PREPA to Polaris Power US, Inc., a wholly owned subsidiary of Polaris. The commercial operation is expected to commence in Q3 2026, with the agreement spanning a 20-year term.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Polaris Renewable Energy Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1058863) on August 11, 2025, and is solely responsible for the information contained therein.

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Announces Submission of SO1 Agreement for Regulatory Review by Puerto Rico Energy Bureau\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-08-11 19:51</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/RAMPF\">Polaris Renewable Energy</a> Inc. Announces Submission of SO1 Agreement for Regulatory Review by Puerto Rico Energy Bureau\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Polaris Renewable Energy Inc. has announced that LUMA Energy ServCo, LLC, acting on behalf of the Puerto Rico Electric Power Authority (PREPA), submitted the Battery Energy Storage System Standard Offer Agreement (SO1 Agreement) to the Puerto Rico Energy Bureau (PREB) for formal approval on August 8, 2025. The submission marks a significant milestone in Polaris's energy storage strategy aimed at bolstering Puerto Rico's energy resilience. The SO1 Agreement, part of the Puerto Rico Accelerated Storage Addition Program, involves a Battery Energy Storage System with a capacity of 71.4 MW. Final regulatory approval is anticipated within 30 to 90 days, and upon completion, the project will facilitate monthly fixed and performance-based payments from PREPA to Polaris Power US, Inc., a wholly owned subsidiary of Polaris. The commercial operation is expected to commence in Q3 2026, with the agreement spanning a 20-year term.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Polaris Renewable Energy Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1058863) on August 11, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0708994859.HKD","symbol_name":"TEMPLETON GLOBAL \"A\" (HKD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250811:nNDL3Xrcxz:1","article_id":"2558657909","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2558657909","pubTimestamp":1754913070,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Polaris Renewable Energy Inc. has announced that LUMA Energy ServCo, LLC, acting on behalf of the Puerto Rico Electric Power Authority , submitted the Battery Energy Storage System Standard Offer Agreement  to the Puerto Rico Energy Bureau  for formal approval on August 8, 2025. 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