BrightNight and Cordelio Power Announce Power Purchase Agreement with Arizona Public Service to Provide Clean Power to Arizona

PHOENIX, Feb. 4, 2025 /PRNewswire/ -- BrightNight, the next generation global renewable power producer built to deliver clean and dispatchable solutions, and Cordelio Power announced today a new power purchase agreement with Arizona Public Service (APS), the largest electricity provider in Arizona.

Under the agreement, APS will purchase carbon-free energy from BrightNight and Cordelio's Pioneer Clean Energy Center, a state-of-the-art hybrid 300-megawatt solar and 1200-megawatt-hour battery energy storage facility located in Yuma County, Arizona. The Pioneer project will deliver reliable, affordable, and clean electricity to APS customers, support the region's growing energy needs and enhance grid resilience.

The Pioneer Clean Energy Center represents a significant investment in Yuma County and the broader Arizona community. In addition to generating clean power, the facility will create hundreds of construction and operations jobs, generate substantial tax revenue for local schools and public services, and provide direct benefits to the surrounding community. The Pioneer Clean Energy Center also offers a sustainable source of renewable energy without placing undue strain on local infrastructure or water resources, ensuring long-term benefits for the region.

"At APS, we thoughtfully evaluate and select projects that bring the most long-term value to our customers. The Pioneer Clean Energy Center is part of our expanding solar power and battery energy storage portfolio developed to meet growing demand with reliable service. Projects like Pioneer will help deliver cost-competitive energy to Arizona's communities over the next several decades," said Brian Cole, APS Vice President of Resource Management.

"Our agreement with APS underscores BrightNight's commitment to providing reliable and affordable clean energy solutions that benefit our customers and the communities they serve," said Martin Hermann, CEO of BrightNight. "The Pioneer Clean Energy Center is a shining example of how renewable energy projects can drive local economic growth, support energy resilience, and create a lasting positive impact. We are proud to work with APS and Yuma stakeholders to help meet Arizona's energy goals and deliver meaningful benefits to Yuma County."

The Pioneer project is expected to begin construction in September 2025, with operations commencing in April of 2027. Once complete, the facility will play a key role in supporting APS's commitment to meeting Arizona's growing power demand with reliable, cost-effective clean energy.

For more information about BrightNight and the Pioneer project, please visit www.brightnightpower.com.

About BrightNight

BrightNight is a leading renewable integrated power company designed to provide utility and commercial and industrial customers with clean, dispatchable renewable power solutions. BrightNight works with customers across the U.S. to design, develop, and operate safe, reliable, large-scale renewable power projects optimized to better manage the intermittent nature of renewable energy. Its deep customer engagement process, team of proven power experts, and industry-leading solutions enable customers to meet and exceed challenging energy sustainability standards, rapidly changing grid dynamics, and facilitate the transition away from fossil fuel generation. BrightNight industry-first Artificial Intelligence platform, PowerAlpha®, allows it to design, optimize, and operate renewable power plants with industry-leading economics and performance. To learn more, please visit www.brightnightpower.com

About Cordelio Power

Cordelio Power is an independent renewable power producer that develops, owns, and manages renewable power facilities across Canada and the United States. Cordelio strives to work with all of our stakeholders in an efficient, safe, and environmentally responsible manner. With over 1,400 MW of operating assets under management, Cordelio also oversees a growth pipeline of over 22,000 MW of wind, solar and energy storage projects. Cordelio is wholly owned by Canada Pension Plan Investment Board.

Forward Looking Statements & Information

Certain information contained in this news release constitutes forward-looking information or forward-looking statements (collectively, "forward-looking statements"). All statements other than statements of historical fact are forward‐looking statements. Forward‐looking statements typically contain words such as "anticipate", "believe", "confirms", "continuous", "estimate", "expect", "may", "plan", "project", "should", "will", "offers", or similar words suggesting future outcomes, and include, without limitation, all financial projections, estimates of future costs, and projected performance or results. Forward-looking statements by their nature are subject to risks, assumptions and uncertainties which may cause the actual outcomes of such events to differ from BrightNight and Cordelio's expectation as of the date hereof. Whether forward-looking statements ultimately prove to be accurate will depend on factors outside of the control of BrightNight and Cordelio. Readers are encouraged to undertake their own analysis and investigation as to the reasonableness of any such forward-looking statements. Forward-looking statements contained in this news release are made as at the date of this news release and BrightNight and Cordelio disclaims any intent or obligation to update or to revise any of the included forward-looking statements.

SOURCE BrightNight