AEGIS and SEETEL Establish Cordelia BESS and submits proposal to Participate in IESO LT2 Capacity Stream Procurement

Executive Summary

• Aegis Critical Energy Defence Corp. entered into a legally binding agreement with Seetel New Energy Co. Ltd. to form Cordelia BESS Inc., an Ontario‑incorporated project company targeting participation in IESO’s Long‑Term 2 (LT2) Capacity Stream RFP.
• The proposed battery energy storage system (BESS) would have an indicative size of approximately 90 MWh, located adjacent to the Festival Hydro substation in Ontario, pending land‑holder agreement and regulatory approvals.
• The submission was made on December 18, 2025; no contract award, revenue, or commercial operation is guaranteed at this stage.

Key Details

• Partnership Formation: Aegis and Seetel New Energy created Cordelia BESS Inc. to pursue Ontario grid‑scale energy storage opportunities.
• RFP Submission: Cordelia BESS submitted a proposal to IESO’s LT2 Capacity Stream (Capacity Stream C1) on 18 Dec 2025.
• Project Scope: Proposed BESS capacity of ~90 MWh, intended for dispatchable capacity and grid support services under the LT2 procurement framework.
• Site Location: Adjacent to an existing Festival Hydro substation in Ontario; site agreement pending with landholders.
• Development Stage: Project remains at a development and procurement participation stage; no award or commercial operation is assured. Advancement depends on IESO evaluation, definitive agreements, and required approvals.
• Regulatory Context: LT2 Capacity Stream aims to secure additional dispatchable resources to meet Ontario’s forecasted electricity demand growth driven by electrification, population increase, and industrial development.
• Risk Disclosure: Participation does not guarantee selection; proposals are subject to a confidential competitive evaluation by IESO.

Notable Quotes

(No direct quotes were provided in the release.)