PRESS RELEASE

FirstLight Joins Forces with Leading Canadian Renewable Developer and Producer Hydromega Services Inc.

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Dokis First Nation Okikendawt Project

HYDROMÉGA demonstrates its ability to adapt to the concerns of host partner environments, both with its Municipal partners and with its First Nations partners.
We are proud to be partners of the Dokis First Nation in Ontario.

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Press release

Headquartered in Massachusetts, FirstLight owns and operates 25 production sites in the Northeast United States and Ontario with an aggregate installed capacity of more than 1,650 MW of renewable energy and energy storage technologies in operation and a development pipeline of more than 2,000 MW of solar, battery and offshore wind projects.

FirstLight is the exclusive property of the Public Sector Pensions Investment Board (hereinafter “PSP”). PSP is one of the largest investors in pension plans in Canada with $243.7 billion in net assets under management as of March 31, 2023. Established in 1999, PSP manages and invests the amounts transferred to it by the government federal for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. The head office of PSP Investments is located in Ottawa and its main business office is located in Montreal.

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To the rescue of electricity poles

A team led by Pierre Drapeau obtains more than $ 1.9 million for a research project on the behavior of woodpeckers. In North America, spikes on utility and telecommunications line poles cost millions of dollars every year to grid operators.

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(pdf in French only)

ACQUISITION OF THE AYERS‐1 AND AYERS‐2 HYDROELECTRIC POWER STATIONS

Hydromega Services Inc. (“Hydromega”) is pleased to announce the acquisition of the Ayers‐1 and Ayers‐2 hydroelectric generating stations located on the Rivière du Nord in Lachute, Quebec. The two (2) facilities, with a combined capacity of 5.9 MW have been reliably producing renewable hydropower for decades and have been owned by the Ayers family for several generations.

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Hydromega is involved in the HERA project

Hydromega is proud to be involved in the HERA project through sponsorships. The HERA project is composed of 21 students in mechanical, electrical and computer engineering motivated to fly a 100% electric aircraft.

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(pdf in French only)

Hydroméga Services Inc. concludes the acquisition of Cochrane Power Corporation

Hydroméga Service Inc. (HSI) concluded today the acquisition of 100% of the outstanding shares of Cochrane Power Corporation (CPC), which assets include the 42 MW cogeneration facility located in Cochrane, Ontario, the surrounding lands and the 115kV transmission line connecting the plant to the provincial grid. The facility, which is equipped with a 27MW gas turbine and a 15MW steam turbine, has been idle since 2015 when its power purchase agreement expired. Its very good condition will however allow a quick restart when the market conditions improve. The onsite natural gas pipeline also offers opportunities for Distributed Gas Solutions Canada (DGSC) and its liquified natural gas (LNG) solutions tailored for mines, remote communities and transportation. HSI is a shareholder of DGSC together with two other shareholders.