Clairvest portfolio co. NovaSource selected by Equis

Ms. Julia Baranava of NovaSource reports NOVASOURCE POWER SERVICES NAMED O&M PARTNER FOR LANDMARK MELBOURNE RENEWABLE ENERGY HUB IN AUSTRALIA A portfolio company of Clairvest Group Inc., NovaSource Power Services, the world's largest solar operations and maintenance provider, has been selected by Equis as the long-term O&M partner for the Melbourne Renewable Energy Hub, a groundbreaking project set to become one of Australia's largest batteries and a key driver of the nation's clean energy transition. MREH is uniquely positioned at the intersection of Victoria's critical transmission corridors and capable of supporting three major renewable energy zones: Murray River, Western Victoria and South Victoria. Developed in partnership between the Victorian government-owned SEC and Equis, when it comes on-line in late 2025, the project will provide 600 megawatts of capacity and 1.6 gigawatt-hours of storage. Upon completion, MREH will rank among the world's largest batteries with its 1.6-gigawatt-hour total capacity. More than just an infrastructure project, MREH represents a key investment in Victoria's clean energy future, directly supporting the state's 2035 target of 95 per cent renewable energy generation while setting new benchmarks for large-scale energy storage technology. "Being chosen by Equis to support this transformative project reflects NovaSource's global leadership in asset optimization and utility-scale O&M," said Irfan Bharde, senior vice-president and chief commercial officer at NovaSource Power Services. Ayssar Alsayed, NovaSource's country manager in Australia, added, "We're proud to bring our expertise in performance engineering, predictive analytics and system maintenance to ensure the MREH delivers lasting value for Australia's energy future." Under the agreement, NovaSource will provide comprehensive O&M services, including 24-seven-365 performance monitoring, predictive maintenance and specialized support for energy systems. These solutions will maximize system uptime, energy yield and long-term asset performance for the MREH. This partnership further expands NovaSource's growing footprint in the Asia Pacific, reinforcing its role in advancing the region's renewable energy landscape. By combining cutting-edge digital solutions with deep industry expertise and field services, NovaSource continues to lead the charge in optimizing renewable assets and powering the global energy transition. About NovaSource Power Services NovaSource Power Services, a portfolio company of Clairvest and OMERS Private Equity, the private equity arm of OMERS, is the world's largest independent solar operations and maintenance provider, delivering excellence through data-driven strategies, innovative solutions, and a world-class culture of safety, integrity and quality. NovaSource's comprehensive approach to total asset optimization in addition to operations and maintenance includes value engineering, performance analysis, strategic supply chain management and advanced monitoring systems. The company operates in key global markets and across most U.S. states managing over 30 gigawatts of solar power plants. NovaSource's expertise extends beyond solar and includes battery energy storage systems, offering a complete suite of services for the evolving renewable energy landscape.