Revolve Reports Q3 FY2024 Revenue Increase of 65%

Revolve Renewable Power Corp. has announced a 65% increase in Q3 FY2024 revenues, totaling $337,439 for the three-month period ending March 31, 2024. This growth follows the acquisition of WindRiver, which contributed significantly to the revenue surge.

Revolve generated 3,877,342 kWh of renewable energy in Q3 FY2024. Key projects included the Hunter Creek and Sakwi Creek Hydro operations, as well as the Box Springs Wind project. Total revenues for the nine-month period reached $1,668,201. However, the company reported a net loss of $1,167,546 for this quarter.

In Q3, the company's distributed generation assets under construction included a 3MW CHP project and a 450 kWp rooftop solar project. Development also continued on major projects such as the 80MWh/20MW Vernal BESS and 49.5MW Primus Wind projects in the US.

Revolve remains optimistic despite challenges such as delayed customer decisions and limited transmission capacity. The company continues to focus on expanding its renewable energy assets across North America.