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TERREPOWER Hits New Milestone in Sustainable Manufacturing with a 50 MW Solar Lot

DAPHNE, Ala., Feb. 24, 2026 /PRNewswire/ — TERREPOWER, formerly BBB Industries, a global pure-play aftermarket leader in sustainable manufacturing, today announced a major expansion of solar module processing. Approximately 95,000 solar panels totaling 50 MW at its Sparta, Tennessee facility will be produced using the company’s proprietary sustainable manufacturing process, marking another growth milestone in the clean-technology leader’s history.

“This is our largest opportunity to date and a tremendous success story,” said Alexandra Harrison, president of TERREPOWER’s Industrial Strategic Business Unit. “It highlights how we responsibly restore solar modules through sustainable manufacturing, and the value we deliver to developers, operators and end users.”

The solar modules, resold by a large developer after a project was canceled, are being prepared for re-entry into the market. They reflect TERREPOWER’s commitment to responsible sourcing, efficient waste management and resource conservation—enabling environmental stewardship and financial savings for stakeholders while strengthening the solar industry’s long–term viability.

Innovating to Meet Unmet Industry Needs

TERREPOWER’s operational expansion comes at a pivotal moment for the solar industry. Recent studies show that the volume of decommissioned and aging panels is accelerating faster than projected, creating an urgent need for responsible lifecycle solutions. U.S. end–of–life volumes have already reached 4–5 million retired panels per year and are expected to climb to 10 million panels annually by 2030, with steeper increases anticipated as repowering and extreme weather events drive earlier–than–expected replacement cycles.

 A volatile market underscores the importance of TERREPOWER’s leadership. By sustainably supplying 50 MW with modules that would have otherwise been discarded, TERREPOWER is delivering verified, reliable and sustainably manufactured panels at a moment when traceability and quality assurance are more essential than ever.

“No one else offers this level of evaluation, cleaning, testing, inspection, secure repackaging and validation,” said Harrison. “The market told us clearly: we want panels that have been verified by experts. And that’s exactly our specialty.”

Driving Local Impact with a Global Circular Economy Model

As TERREPOWER scales its solar operations to meet demand, the Sparta facility continues to add jobs, investment and specialized training opportunities. The state-of-the-art, 200,000-square-foot sustainable manufacturing facility is now the largest of its kind in North America, with the capacity to produce 300,000 solar modules per year and the ability to scale up to more than one million solar panels annually. At full capacity, this operation is projected to divert more than 16 million pounds of material from landfills each year while powering as many as 20,000 homes.

“This project directly contributes to the local economy,” said Peter Hutchings, business development manager at TERREPOWER. “We’re turning panels that would otherwise become waste into reliable, market–ready modules.”

Solar developers worldwide face growing challenges with aging assets, stranded inventories and the need for responsible lifecycle management. Sparta’s success reflects a practical, proven and scalable pathway to redeploy solar modules that still have productive life ahead.

For more information about TERREPOWER, its solar offerings and other products sold under its Ontility brand, visit www.terrepower.com and www.ontility.com.

About TERREPOWER

TERREPOWER, formerly BBB Industries, is the largest sustainable manufacturer in the world by volume. Founded in 1987 on a legacy of innovation, TERREPOWER is a global pure-play aftermarket leader specializing in providing high-quality components to the automotive and industrial markets. Based in Daphne, Alabama, TERREPOWER has a dedicated global workforce of over 10,000 employees and an extensive operational footprint throughout North America and Europe, including 19 sustainable manufacturing facilities, 14 distribution centers, and 28 brands with products sold in more than 90 countries. TERREPOWER is committed to strengthening supply chain resilience, reducing waste and advancing the circular economy. Learn more at www.terrepower.com.

CNS INTERTRANS Provides Door-to-Door Global Logistics Solutions Through Integrated Sea, Air and Road Networks

SHENZHEN, China, Feb. 24, 2026 /PRNewswire/ — CNS INTERTRANS (SHENZHEN) CO., Ltd., an international freight forwarder and logistics service provider, is introducing a door-to-door global logistics service that brings sea, air, and road transport into one coordinated network. By running shipments through a single framework, the company aims to reduce handover delays that commonly slow cross-border trade.

Heavy machinery, containerized cargo, and project equipment move through a global port hub as CNS INTERTRANS coordinates multimodal transport solutions to support complex international supply chains.
Heavy machinery, containerized cargo, and project equipment move through a global port hub as CNS INTERTRANS coordinates multimodal transport solutions to support complex international supply chains.

The company now handles the entire journey from pickup at the origin through to final delivery under a single operational umbrella that covers sea freight, air transport, and inland trucking. By pulling these modes together, CNS INTERTRANS eliminates many of the headaches shippers face when juggling multiple carriers and handoffs.

The Push for Smarter Global Logistics

Unreliable schedules and port congestion have pushed shippers to rethink cargo movement across global supply chains. Flexible routes that combine sea, air, and road transport are increasingly used to avoid delays and missed deliveries.

CNS INTERTRANS focuses on smart intermodal logistics solutions. Routes can be adjusted around delivery deadlines, budget considerations, or real-time conditions at the destination—without disrupting the overall flow of cargo. That flexibility matters most in trade lanes with multiple stops and varying regulations.

One Network Linking Sea, Air, and Road Transport

Ocean shipping still carries the bulk of global freight. CNS INTERTRANS offers full container loads, special containers, roll-on/roll-off, breakbulk, and heavy-lift services, serving everyone from standard goods shippers to those moving oversized or odd-shaped loads.

When speed is critical, air freight steps in. Air freight is the go-to move when deadlines loom. CNS INTERTRANS folds those flights neatly into the sea and road transport, letting shippers shave days off transit without having to rethink their entire routing strategy.

Road transport connects everything, taking cargo from ports and airports to inland warehouses or straight to the final delivery address. Coordinated trucking and intermodal handoffs help maintain cargo continuity from gateway to doorstep.

Door-to-Door Means Handling the Whole Mess

Door-to-door logistics extends well beyond physical transport. Customs clearance, local handling at the destination, and compliance with a maze of regulations are often what make or break the timeline.

CNS INTERTRANS bundles customs brokerage, destination services, and warehousing into the package. Fewer handovers mean better visibility and fewer surprises throughout the process—especially helpful in cross-border trade and time-sensitive project cargo.

Handling Complex Project Cargo

Some industries need far more than standard containers. CNS INTERTRANS specializes in project logistics for heavy machinery, oversized equipment, and non-standard loads.

Special containers, breakbulk transportation, and RO-RO shipping options, combined with custom routing and equipment planning, support major infrastructure builds, industrial exports, and large-scale equipment moves.

Adapting to Evolving Global Trade Demands

Logistics buyers today want partners who can run an entire multimodal network, not just pieces of it. The ability to combine sea, air, and road under one roof has become a must-have for building resilient supply chains.

By tying these transport modes together, CNS INTERTRANS is ready to handle whatever new trade patterns and challenges come next.

About CNS INTERTRANS

Founded in 2005, CNS INTERTRANS is an international freight forwarder and logistics provider offering door-to-door global logistics services through integrated sea, air, and road networks. Its capabilities include container shipping, special containers, project logistics, breakbulk and heavy cargo handling, customs clearance, destination services, and warehousing.

Media Contact:
Company: CNS INTERTRANS (SHENZHEN) CO., Ltd.
Website: https://www.cnslogistic.com/
WhatsApp: +86-18002569199
Email: zuojianye@cnslogistic.com

Kennametal Launches “Machinist of the Year” Global Program to Honor Long-Time Customers and Industry Leaders

PITTSBURGH, Feb. 24, 2026 /PRNewswire/ — Kennametal Inc. (NYSE: KMT), a global leader in metal cutting solutions, today announced the launch of its Machinist of the Year program, a new annual initiative designed to recognize the skill, dedication and innovation of long-time machinist customers across every region. Winners will be announced in the Americas, EMEA, APAC and India.

“Machinists are the backbone of manufacturing,” said Eddie McBarnett, Kennametal’s Vice President of Marketing & Strategy. “Kennametal’s innovations have always been driven by the needs of these skilled professionals with tooling solutions that cut faster, last longer and help shops achieve greater precision and profitability.”

The Machinist of the Year program celebrates this enduring partnership by celebrating machinists who embody craftsmanship and innovation. Teams in the Americas, EMEA, APAC and India will each recognize a machinist who showcases the very best of their region’s machining excellence.

“Our global search for Machinists of the Year is more than a contest—it’s a celebration of the partnerships and expertise that drive our industry forward,” said Scott Etling, Vice President of Product Marketing Management.

To enter, participants should post a brief, compelling video on their own social media channels, sharing how they use Kennametal products and why they should be selected as “Machinist of the Year.” Entrants must tag Kennametal, include the hashtag #KMTMachinist and have been actively using Kennametal products at their workshop for at least the past year. Finalists will be selected regionally by the company’s marketing teams in each region, and final voting will be open to the public on Kennametal’s social media channels.

Each regional winner will receive the following:

  • Feature on Kennametal’s website, blog and social media channels
  • Award package including exclusive signage and merchandise
  • $7,500 (USD equivalent) in branded “Machinist of the Year” Toolbox and Kennametal tooling
  • Invitation to lead live machining demonstrations at a global trade show (IMTS, AMB, JIMTOF, IMTEX/AMTEX, as applicable)
  • Automatic designation as a Kennametal Brand Ambassador

Timeline

  • February 2026 — Official program launch
  • June 2026 — Regional nominees announced, voting begins
  • September/October 2026 — Regional winners revealed at trade shows and online

For full details, submission guidelines and voting information, visit Kennametal’s Machinist of the Year page.

About Kennametal
With over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,100 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated $2 billion in revenues in fiscal 2025. Learn more at kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube.

Tonn Investments, LLC Announces US Bankruptcy Court Sale of Joseph Evan Shapiro’s Assets and US District Court Judgement against Joseph Shapiro in excess of $14,000,000

PHOENIX, Feb. 24, 2026 /PRNewswire/ — On October 31, 2024, the United States Bankruptcy Court for the District of Arizona approved the Chapter 7 Trustee’s sale of certain Joseph Evan Shapiro’s assets to Tonn Investments LLC, thereby transferring all of Mr. Shapiro’s title and ownership of the following assets to Tonn Investments, LLC as documented by a Bill of Sale: Arcturus Holding, Inc.; Bytedragon Holding Co.; Frontier Global Technologies Holding(s) Inc.; QXGFF Holding(s) Inc.; Knight Transportation Technologies Inc.; Oriental Digital Asset(s) Holdings, LLC; Proxima Centauri Holding Inc.; Oncam Holding(s) Inc.; Shapiro LLC; FutureFone, LLC; 2GTHR, LLC; and any other entity in which Joseph Shapiro held an interest as of May 15, 2023.

On January 27, 2026, the US District Court for the District of Arizona, Judge G. Murray Snow presiding, ordered the Clerk of the Court to enter a judgement in favor of Scott L. Tonn in the amount of $3,278,246.16, with $772.44 daily per diem post-judgement interest and in favor of Tonn Investments, LLC in the amount of $10,803,082.18 with $4,316.23 per diem post judgement interest.

Tonn Investments, LLC is attempting to collect upon the judgement against Joseph Evan Shapiro and seeks information about the Joseph Evan Shapiro a.k.a. Joe Shapiro assets listed above.  Tonn Investments seeks to share benefits of any monetization and/or collection of funds related to the aforementioned.

Inquiries regarding the Joseph Evan Shapiro assets or judgment in favor of Tonn Investments, LLC are directed to contact legal@tonninv.com.

Contact: Legal Department
TONN INVESTMENTS, LLC
Email:
legal@tonninv.com

The State Fair of Texas Extends Partnership with accesso® Through 2030, Embracing Innovation and Guest Convenience

ORLANDO, Fla., Feb. 24, 2026 /PRNewswire/ — accesso Technology Group (AIM: ACSO), the leading technology partner to the leisure and entertainment industry, today announced the renewal of its long-standing partnership with the State Fair of Texas through 2030. The Fair will continue to rely on accesso ShoWareSM to power its ticketing operations, reinforcing a shared commitment to operational excellence, guest experience and ongoing innovation.

accesso_logo_v2
accesso_logo_v2

Originally established in 1886, the State Fair of Texas promotes Texas agriculture, education, and community involvement through quality entertainment in a family-friendly environment. The Fair runs 24 consecutive days each fall, making it the longest-running fair in the country and one of the largest. It regularly draws over 2 million visitors.

Over the course of their partnership, the State Fair of Texas and accesso have worked closely to evolve the ticketing experience in step with changing guest expectations. For an event that handles an extremely high volume of transactions daily, reliability, speed and flexibility are essential. The Fair credits accesso’s consistency, responsiveness and ability to operate at scale as key factors in the continued success of the relationship.

“The number one reason we’re renewing? The support and flexibility,” said Jennifer Schuder, Senior Vice President, Customer Engagement at the State Fair of Texas. “With Accesso, we have a true partner. They understand our scale, our sophisticated approach to pricing, and they stand alongside us every step of the way.”

This past season, the Fair introduced accessoPay with Cybersource payment processing through accesso ShoWare, expanding support for digital wallets and enabling tap-to-pay transactions. More than 30 percent of all payments were completed using digital wallets, giving guests the fast, convenient options they wanted and helping drive more purchases online, while also reducing wait times when entering the fairgrounds.

In addition, the Fair implemented a proof-of-concept integration between accesso ShoWare and its parking vendor, allowing for pre-sold parking. This capability gave guests more control when planning their visit and helped improve entry flow. Following a successful rollout, the Fair plans to expand this offering in future seasons.

“Supporting an event of this scale requires more than technology. It requires trust, collaboration and a deep understanding of operational realities. The State Fair of Texas is thoughtful, innovative and relentlessly focused on delivering a great guest experience. We’re proud of what we’ve built together and excited to continue evolving the partnership in the years ahead,” said Joe Wettstead, Vice President of Client Success at accesso.

accesso ShoWare is trusted by venues and events worldwide to manage complex ticketing, pricing, and access requirements at scale, helping operators deliver reliable, high-performance experiences even under peak demand.

About accesso Technology Group plc

accesso is the leading global provider of patented and award-winning technology solutions that redefine the guest experience. accesso provides connected ticketing and eCommerce, virtual queuing, restaurant and retail point of sale, distribution, mobile apps and experience management for more than 1,100 venues worldwide. Our technology helps operators streamline operations, increase revenue and improve the guest journey. We deliver a high volume of product enhancements year-round and continuously invest in R&D to help venues and operators adapt to evolving guest needs.

accesso is a public company, listed on AIM: a market operated by the London Stock Exchange. Learn more at accesso.com or follow accesso on X (Twitter), LinkedIn and Facebook.

Iridium Launches Next Generation IoT Platform

 Smaller, purpose-built, and designed for scale, the new Iridium 9604 unifies satellite, cellular, and GNSS in a single platform engineered for global IoT

MCLEAN, Va., Feb. 24, 2026 /PRNewswire/ — Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice, data, and positioning, navigation, and timing (PNT) satellite services, today unveiled the Iridium 9604, a compact, three-in-one IoT module that integrates Iridium Short Burst Data® (SBD®) satellite service, LTE-M cellular connectivity, and GNSS positioning into a single platform. By combining these features in one device, the Iridium 9604 reduces solution complexity, lowers costs, and accelerates time to market, making dual-mode IoT connectivity viable for price-sensitive, high-volume deployments.

The Iridium 9604 three-in-one module. Quarter and module to scale.
The Iridium 9604 three-in-one module. Quarter and module to scale.

“By integrating cellular, GNSS, and Iridium satellite into a single, power-efficient module, we’re giving customers the flexibility to design and deploy lower cost, smaller, power-efficient, and location-aware solutions without the burden of integrating multiple components,” said Tim Last, executive vice president, Iridium. “With our best-in-class proprietary satellite IoT service and upcoming standards-based NB-IoT service debuting this year, anyone thinking about IoT beyond terrestrial networks is thinking about Iridium first.”

The Iridium 9604 beta program, which launched earlier this year and was oversubscribed by a select group of companies, has generated positive industry feedback highlighting:

  • Lower costs, simplified design, and enabling of location-aware network selection
  • Savings of 60 percent or more in board space with the 3-in-1 module, Iridium’s smallest-ever form factor
  • Easy to use developer resources

“As an early Iridium 9604 developer, utilizing the three-in-one module has already fundamentally changed our product economics,” said Alastair MacLeod, CEO, Ground Control. “We eliminated two components from our bill of materials, reduced our board size, and simplified our power architecture.”

MacLeod continued, “Additionally, having dual mode connectivity options enables a smarter, location-aware network selection in our application. The Iridium 9604 turned what would have been a complex multi-component design into a single-module solution. This is a major breakthrough for our IoT solutions.”

“Our customers require essential data and real-time intelligence to operate with confidence anywhere in the world,” said Dean Welten, CEO, Everlink. “By integrating the Iridium 9604 with our secure cloud platform, we can now enable global connectivity, greater operational efficiency, and measurable impact at scale.”

Representing the next phase of Iridium’s IoT strategy, the Iridium 9604 is moving the company beyond traditional satellite-only modules to a unified, multi-mode connectivity architecture. The Iridium network now offers customers three IoT service paths to follow:

  • Iridium SBD packaged with cellular and GNSS in the Iridium 9604 or SBD/Iridium Burst dedicated modules
  • Iridium NTN Direct for standards-based direct-to-device using third-party chips
  • Iridium Messaging Transport-based (IMT®) for industrial-scale, larger payload capabilities with the Iridium Certus 9704

The Iridium 9604, built on the u-blox SARA-R5 platform, delivers a compact 16 mm x 26 mm x 2.4 mm form factor, best for dual-mode IoT deployments previously cost-prohibitive across industrial, infrastructure, and mobility applications.

Commercial availability begins in June 2026 with the Iridium 9604 Development Kit made available for testing satellite and cellular services. Reserve priority access today: www.iridium.com/9604

For more information about Iridium, visit: www.iridium.com

About Iridium Communications Inc.

Iridium Communications Inc. (Nasdaq: IRDM) operates the world’s only truly global mobile satellite network, delivering reliable voice, data, and positioning, navigation and timing (PNT) services anywhere on Earth. Iridium supports safety- and mission-critical operations for diverse markets such as aviation, maritime, government, emergency services, critical infrastructure, autonomous systems, and remote monitoring applications, where connectivity is essential.

Headquartered in McLean, Virginia, Iridium provides its products and services through an ecosystem of 500-plus partner companies around the world. For more information, visit www.iridium.com.

Forward-Looking Statements Disclosure

Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company has based these statements on its current expectations and the information currently available to us. Forward-looking statements in this press release include statements regarding the capabilities, benefits and availability of the Iridium 9604, expected demand by developers and the suitability of the Iridium 9604 for dual-mode IoT deployments across industrial, infrastructure, and mobility applications. Forward-looking statements can be identified by the words “anticipates,” “may,” “can,” “believes,” “expects,” “projects,” “intends,” “likely,” “will,” “to be” and other expressions that are predictions or indicate future events, trends or prospects. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Iridium to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, uncertainties regarding the timing of commercial availability of the Iridium 9604, the company’s ability to maintain the health, capacity and content of its satellite constellation, as well as general industry and economic conditions, and competitive, legal, governmental and technological factors. Other factors that could cause actual results to differ materially from those indicated by the forward-looking statements include those factors listed under the caption “Risk Factors” in the Company’s Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the “SEC”) on February 12, 2026, as well as other filings Iridium makes with the SEC from time to time. There is no assurance that Iridium’s expectations will be realized. If one or more of these risks or uncertainties materialize, or if Iridium’s underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. Iridium’s forward-looking statements speak only as of the date of this press release, and Iridium undertakes no obligation to update forward-looking statements.

Press Contact:     

Investor Contact:

Jordan Hassin     

Kenneth Levy

Iridium Communications Inc.                                   

Iridium Communications Inc.

Jordan.Hassin@Iridium.com     

Ken.Levy@Iridium.com

+1 (703) 287-7421     

+1 (703) 287-7570

X: @Iridiumcomm

 

 

New research shows top OEMs cut downtime recovery by 40%, strengthening profitability through resilience-first strategies

Findings reveal how leading machine builders strengthen recovery, consistency and customer outcomes

MILWAUKEE, Feb. 24, 2026 /PRNewswire/ — Rockwell Automation (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, today released new global research that highlights how leading machine builders are strengthening performance, resilience and customer trust amid increasingly complex operating conditions.  


Titled, the OEM Advantage Playbook, the research is based on insights gained from 500 OEM leaders across 17 countries. It highlights that while OEMs continue to navigate workforce instability, supply chain volatility, cost pressure and rising customer expectations, many are adapting how they operate to perform more consistently when conditions are less predictable. Rather than relying solely on machine performance, leading OEMs are focusing on faster recovery, operational consistency and decision-making grounded in data.

“The next era of OEM leadership won’t be defined by who builds the most advanced machine,” said Evan Kaiser, vice president, global OEM and emerging industries at Rockwell Automation. “It will be defined by who builds a business that delivers consistent performance despite workforce turnover, supply disruptions and relentless market pressure.”

Key Findings from the Research:

  • Rapid Recovery Is the New Profitability Lever – With average outages lasting 40 hours and costing $3.6 million, leading OEMs enable their customers to recover in 24 hours or less. These organizations design machines to detect issues early and restore performance quickly, helping to protect revenue and customer confidence.
  • Workforce Instability Is Now Permanent, and Winners Design For It – With turnover reaching 47 percent in some regions, leading OEMs embed expertise into machines and workflows to reduce dependence on individual experience while enabling faster onboarding and consistent performance.
  • Performance Measurement Is Evolving – High-performing OEMs prioritize profitability and customer outcome metrics – cost of goods sold, lead times, downtime recovery – alongside traditional production yield and emerging people-centered measures like safety and satisfaction.
  • Technology Is Being Applied With Greater Intent – Top performers adopt digital twins, AMRs and cobots strategically to design quality into machines and improve deployment consistency, applying field insights to inform future designs rather than solving isolated problems.
  • Compliance and Cybersecurity Are Becoming Differentiators – Leading OEMs integrate cybersecurity into product design from the outset, treating security with the same discipline as safety to support market access, reduce delays and build customer trust.

To learn more, the full findings of the OEM Advantage Playbook can be found here.

About Rockwell Automation

Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 26,000 problem solvers dedicated to our customers in more than 100 countries as of fiscal year end 2025. To learn more about how we are bringing Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com.

 

Recurrent Energy Completes Sale of 200 MWh Battery Storage Facility to Hunt Energy Network in Texas

The transaction supports Recurrent Energy’s strategy to selectively monetize projects to advance its continued growth.

KITCHENER, ON, Feb. 24, 2026 /PRNewswire/ — Recurrent Energy, a subsidiary of Canadian Solar Inc. (“Canadian Solar”) (NASDAQ: CSIQ), and a leading global developer, owner, and operator of solar and energy storage assets, announced today that it has completed the sale of its 200 MWh Fort Duncan Battery Storage facility to Hunt Energy Network, L.L.C. (“Hunt Energy Network”). Canadian Solar expects to recognize the revenue from the transaction in the first quarter of 2026.

Located in Maverick County, Texas, Fort Duncan Battery Storage reached commercial operation in June 2025. The company previously announced that it had secured $183 million in project financing and tax equity for the storage facility.

Fort Duncan Storage operates on a merchant basis and has established itself as a top-performing standalone battery energy storage system in the ERCOT South load zone, providing critical grid support and reliability services to the South Texas region. Fort Duncan Storage’s strong performance track record is backed by battery energy storage systems supplied by Canadian Solar’s e-STORAGE division.

Hunt Energy Network is an affiliate of one of the largest privately held energy companies in the United States with a large, international, and diversified presence. It started growing its battery storage portfolio four years ago and, with the purchase of Fort Duncan, now owns and operates 420 MW of battery storage facilities.

Pat Wood III, Executive Chairman of Hunt Energy Network, said, “We are fully committed to dramatically growing our presence within ERCOT, and this acquisition is a strong step towards achieving that goal. We appreciate the collaboration with Recurrent on this transaction, and we look forward to operating this asset for many years.”

Ismael Guerrero, CEO of Recurrent Energy, added, “We are very pleased to complete the sale of Fort Duncan Storage to Hunt Energy Network. The project has demonstrated exceptional performance and has become a reliable and responsive asset for the Texas grid. This transaction is an important milestone in our strategic initiative to selectively monetize projects to support our continued growth.”

About Recurrent Energy

Recurrent Energy, a subsidiary of Canadian Solar Inc., is one of the world’s largest and most geographically diversified utility-scale solar and energy storage project development, ownership, and operations platforms. With an industry-leading team of in-house energy experts, Recurrent Energy serves as Canadian Solar’s global development and power services business. To date, Recurrent Energy has successfully developed, built, and connected 12 GWp of solar projects and more than 5 GWh of energy storage projects across six continents. As of September 30, 2025, its global pipeline includes approximately 23 GWp of solar power and 73 GWh of energy storage capacity. The company also has over 14 GW of solar and energy storage projects under operations and maintenance (O&M) contracts. These figures exclude China. Additional details are available at www.recurrentenergy.com.

About Canadian Solar

Canadian Solar is one of the world’s largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 24 years, Canadian Solar has successfully delivered nearly 170 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar has shipped over 16 GWh of battery energy storage solutions to global markets as of September 30, 2025, boasting a $3.1 billion contracted backlog as of October 31, 2025. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 12 GWp of solar power projects and 6 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 25 GWp of solar and 81 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release, including those regarding the Company’s expected future shipment volumes, revenues, gross margins, and project sales are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “may”, “will”, “expect”, “anticipate”, “future”, “ongoing”, “continue”, “intend”, “plan”, “potential”, “prospect”, “guidance”, “believe”, “estimate”, “is/are likely to” or similar expressions, the negative of these terms, or other comparable terminology. These forward-looking statements include, among other things, our expectations regarding global electricity demand and the adoption of solar and battery energy storage technologies; our growth strategies, future business performance, and financial condition; our transition to a long-term owner and operator of clean energy assets and expansion of project pipelines; our ability to monetize project portfolios, manage supply chain fluctuations, and respond to economic factors such as inflation and interest rates; our outlook on government incentives, trade measures, regulatory developments, and geopolitical risks; our expectations for project timelines, costs, and returns; competitive dynamics in solar and storage markets; our ability to execute supply chain, manufacturing, and operational initiatives; access to capital, debt obligations, and covenant compliance; relationships with key suppliers and customers; technological advancement and product quality; and risks related to intellectual property, litigation, and compliance with environmental and sustainability regulations. Other risks were described in the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 30, 2025. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

Canadian Solar Inc. Investor Relations Contact
Wina Huang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com 

Recurrent Energy Media Inquiries
Inés Arrimadas
Recurrent Energy
comm_global@recurrentenergy.com