LGCY Power Expands Residential Solar Business Through National Homebuilder Partnerships

Stardust Power Inc. (NASDAQ: SDST) ("Stardust Power" or the "Company"), an American developer of battery-grade lithium products, is pleased to announce the execution of a key service agreement with Oklahoma Gas and Electric Company (“OG&E”) to develop an electric substation on Stardust Power’s site marking a significant milestone in the development of its proposed lithium refinery located within the Southside Industrial Park in Muskogee, Oklahoma. As part of the terms, the cost of engineering, procurement, and construction of the Stardust Power substation will be paid for by a long-term usage commitment by the Company at the facility.

This agreement allows OG&E to further its electrical infrastructure and engineering work needed to supply long-term power to Stardust Power’s proposed refinery. Once completed, the refinery will rank among one of the largest lithium refineries in North America. The project is set to play a vital role in strengthening a secure domestic supply chain for battery-grade lithium, an essential material for electric vehicles, energy storage systems, military technologies, and AI applications.

“This agreement reflects not only the incredible support we’ve received from our utility partners, but also the shared vision for making Oklahoma a national hub for energy infrastructure,” said Roshan Pujari, Founder and CEO of Stardust Power. “Reliable and scalable electrical service is a cornerstone of our refinery’s operations, and OG&E’s partnership ensures we’ll have the necessary foundation to power this transformative facility as we build it out and operate it in the future.”

The site currently has the capacity to provide construction power, but the new substation will provide operating power for the facility as well as future growth opportunities. Under the agreement, OG&E will initiate site-specific engineering, design and procurement efforts to support the anticipated power load requirements of up to 40 megawatts. The work includes potential upgrades to regional transmission systems and preparation for high-capacity electrical service at the 66-acre site.

“This is a crucial step in bringing power to our site and advancing our project to the next phase,” added Chris Celano, Chief Operations Officer, Stardust Power. “It’s also a key move toward fulfilling our commitment to job creation and clean energy innovation in Muskogee and Oklahoma.”

The refinery project is expected to generate hundreds of well-paying jobs and attract further investment to the region, supporting Oklahoma’s growing leadership in clean energy, advanced manufacturing, and critical minerals processing. Stardust Power is working towards its Final Investment Decision (“FID”) stage of the project, which when greenlit, will signal the start of detailed design and follow-on construction of the refinery.

Stardust Power | www.stardust-power.com

Tigo Energy, Inc. (NASDAQ: TYGO) (“Tigo” or “Company”), a leading provider of intelligent solar and energy software solutions, announced the 725W evolution of the TS4-A family of MLPE (Module-Level Power Electronics) products. Scaling up the TS4-A line, the new higher current 725W TS4-A product family serves the entire solar market, from residential to Commercial and Industrial (C&I) installations. For countries requiring UL-certification of MLPE products, the 725W TS4-A-O is available immediately.

The 725W Tigo TS4-A models deliver enhanced energy harvesting, with increased power and current to keep pace with the increase in high-current solar modules deployed by installers. Providing installers with the flexibility to deploy high-wattage solar modules allows them to offer their customers the most energy production per available rooftop space. As with the previous generation, the 725W Tigo TS4-A product line reduces balance-of-system (BOS) and labor costs with a 10-second, no-bolt frame mounting design and no need for additional ground wiring. In addition to retaining the form factor and inverter compatibility, including Tigo Enhanced inverters, the new Tigo TS4-A devices offer plug-and-play support for solar modules up to 725W and are rated for a maximum short current of 22 Amps, and a maximum input voltage of up to 80V per module. The TS4-A products are fully backward-compatible with other Tigo TS4 products and introduce Multi-factor Rapid Shutdown (MFRS) capability across the entire product line, providing the highest MLPE safety capability in the world with redundant rapid shutdown for safety-critical solar power applications.

“Adding key upgrades to the electrical specs and in-demand features with this evolution of the TS4 product family answers the requests we have received from customers across the globe,” said Gal Bauer, senior director of validation, growth, and product management at Tigo Energy. “The primary impetus for developing an update to the TS4-A family is to stay just ahead of the module performance curve, and to load those products up with the features the market wants. The updated TS4-A, in combination with our continued pursuit of quality through decreasing failure rates far below the industry average, supports our commitment to the evolution and proliferation of solar.”

The 725W TS4-A-O is compatible with the Tigo Access Point (TAP) for data management with Tigo Cloud Connect Advanced (CCA) for unsurpassed insights into PV systems and is fully compatible with Tigo RSS Transmitters. The products are compliant with NEC 2017 and 2020 690.12 Rapid Shutdown specifications when installed with the Tigo RSS Transmitter and UL PVRSS-certified inverter or an inverter with a built-in Tigo-certified transmitter. In keeping with the product continuity strategy for which Tigo is known, this new product also retains backward capability with all previous TS4-A-O product generations.

For more information, visit the product pages for the 725W Tigo TS4-A MLPE product line. For assistance with an existing or planned large solar project, enroll in Tigo Green Glove. For purchase inquiries, please contact the Tigo sales team here.

Tigo Energy | www.tigoenergy.com

Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”) announced that Sarah Wells, Chief Financial Officer (“CFO”), has resigned, effective May 14, 2025, to pursue other opportunities. Spruce expects to appoint an interim CFO prior to Wells departing. The Company is undertaking a search to fill the CFO position on a permanent basis.

"I would like to thank Sarah for her numerous contributions to Spruce’s growth and development, and we wish her the best going forward,” said Chris Hayes, Chief Executive Officer of Spruce. “We intend to identify a strong successor with capital markets expertise and a track record of driving operational efficiencies and executing growth strategies.”

The company will hold its first quarter 2025 earnings results webcast as scheduled on May 14, 2025, at 4:30 p.m. ET. The live webcast will be available at https://investors.sprucepower.com/overview/default.aspx

Spruce Power | www.sprucepower.com

DESRI, in partnership with Ranger Power, announced that the Heartwood and White Tail Solar projects achieved financial close with their project lenders and initiated construction. Heartwood Solar (Heartwood) is a 150-megawatt (MWac) solar facility in Hillsdale County, MI. White Tail Solar (White Tail) is a 140 MWac solar facility in Washtenaw County, MI.

"Heartwood and White Tail mark DESRI's eleventh and twelfth projects in Michigan, where we have been building since 2019 through our partnership with Ranger Power," said Thomas de Swardt, Chief Commercial Officer of DESRI. "We deeply appreciate the support of our customers at Consumers Energy, Lansing Board of Water & Light and Michigan Public Power Agency (MPPA), who continue to prioritize cost-effective, in-state generation that can deliver to the grid quickly, enabling new load and economic growth within the state."

Heartwood has a power purchase agreement with Consumers Energy and is expected to employ upwards of 300 individuals during peak construction. Heartwood is expected to begin commercial operations in 2026. White Tail has power purchase agreements with the Lansing Board of Water and Light and MPPA. White Tail is expected to begin commercial operations before year-end 2025.

"Heartwood and White Tail represent years of community outreach and partnership we are thrilled to see come together," said Paul Harris, Co-Founder & President of Ranger Power. "These projects, which will provide in excess of $62 million in property tax payments throughout their lives, will generate low cost, reliable, and domestic energy supporting farming and economic development throughout the region. As neighbors, we will continue to look for ways to support the communities our projects call home. We have and will continue to invest in local causes like our contributions to the Hillsdale Community Foundation and partnership to secure an additional $732,950 for Augusta and York Townships through the Michigan's Renewable Ready Communities Fund."

"Consumers Energy has some of the most ambitious energy infrastructure plans in the nation," said Sri Maddipati, Vice President of Electric Supply of Consumers Energy. "Achieving them means not only developing projects ourselves, but working alongside trusted organizations like Ranger Power to meet our needs. We look forward to the completion of this project, and the ongoing partnership between our two companies."

"MPPA continues to find unique opportunities to expand our Member renewable power supply portfolios. We appreciate DESRI and Ranger Power partnering with public power in Michigan to execute on these opportunities," noted Patrick Bowland, CEO & General Manager of MPPA.

Financing for the construction of the projects was provided by a consortium of lenders including Fifth Third Bank and Zions Bancorporation as Coordinating Lead Arrangers, and Bank of America, Commerzbank and SUMITOMO MITSUI TRUST BANK, LIMITED, New York Branch as Joint Lead Arrangers.

"Fifth Third Bank is proud to support DESRI in the financing of the Heartwood and White Tail solar projects," said Jon Stark, Head of Renewables at Fifth Third Bank. "Supporting premier platforms like DESRI squarely fits our future growth, and we look forward to growing our partnership with DESRI as they continue to execute on their high-quality U.S. renewables pipeline."

"We are very pleased to have supported DESRI and Ranger Power," said Robert Park, Head of Power & Project Finance at Zions Bancorporation. "We are grateful to have been entrusted with leading the project financing, and this represents another example of Zions' experience in taking lead roles in the renewable energy financing sector."

Primoris Services Corporation's Renewable Energy business serves as the engineering, procurement, and construction (EPC) contractor for the solar arrays. The Consulting Engineers Group (CEG) will serve as the EPC for high voltage.

DESRI | https://desri.com/

Ranger Power | https://rangerpower.com/

Broad Street Realty, in partnership with Centennial and Madison Energy Infrastructure, has announced the completion of a new 1 MW(dc) rooftop solar installation at Hollinswood Shopping Center in Baltimore County. The project follows the 2.4 MW(dc) rooftop solar project that the companies recently completed at Cromwell Shopping Center, a 233,000 square foot shopping center anchored by an AutoZone mega hub and a Roses.

The project is designed to reduce the cost of electricity for approximately 1,000 homes in the area, while increasing power production in the State of Maryland. The project uses over 1,500 solar panels with a ballasted racking system across Hollinswood Shopping Center's 100,000 square foot roof.

Centennial developed the project, with construction performed by Halo, a solar engineering contractor. The project received financing from AccelDev and will be owned and operated by Madison Energy Infrastructure. Venable served as transactional counsel to Centennial.

"We're thrilled to collaborate again with Centennial and MEI to bring solar energy to Hollinswood Shopping Center," said Michael Jacoby, Chairman and CEO of Broad Street Realty. "These recent solar projects align with our company's commitment to reducing our carbon footprint and implementing ESG-focused initiatives across our properties. Together, we're contributing to Maryland's goals of supporting our local communities with reduced electricity costs for families, while increasing power generation in the state through clean energy."

David John Frenkil, Founder and Managing Principal of Centennial: "The rooftop solar project at Hollinswood Shopping Center is the most recent example of how owners of commercial real estate can grow their net operating income while contributing to efforts to lower electricity costs for households and businesses, while increasing energy generation in Maryland – a state that currently imports nearly 40% of the electricity that it consumes."

Chip Brubaker, President of AccelDev: "The Hollinswood project shows how strategic financing and strong partnerships can provide meaningful benefits for the customers and the communities they serve. AccelDev is proud to support Centennial and Broadstreet in bringing this vision to life once again, and to work with Madison to ensure long-term reliability and lasting value. This project builds on a successful track record of collaboration, reinforcing our commitment to empowering the DG developer ecosystem."

The Hollinswood Shopping Center project reinforces Broad Street's dedication to deploying innovative, sustainable solutions across its portfolio.

Broad Street Realty | www.broadstreetrealty.com 

Centennial | www.centennialgen.com 

AccelDev | acceldevteam.com 

First Public Hydrogen (FPH2) is pleased to welcome Rowland Water District (RWD) as its first member, marking a key milestone in the development of the United States' first public hydrogen utility. The decisive move underscores RWD's commitment to sustainable operations and sets the pace for other local agencies pursuing innovative, zero-emission energy solutions.

Based in southeast Los Angeles County, Rowland Water District serves more than 55,000 residents across five cities and unincorporated communities. With a strong track record in balancing environmental stewardship with exceptional customer value, RWD continues to explore forward-thinking partnerships that benefit its ratepayers and the region.

"Joining First Public Hydrogen reflects our commitment to innovation and resource stewardship," said RWD General Manager Tom Coleman. "As a public agency, we have a responsibility to explore solutions that protect our environment while maintaining reliable service for our customers. This partnership allows us to play a meaningful role in shaping California's clean energy future—while continuing to put the needs of our community first." 

"Rowland Water District's decision to join as our first member validates the vision behind First Public Hydrogen – a joint public utility built on accessibility, transparency and regional collaboration," said R. Rex Parris, First Public Hydrogen Chairman. "Their leadership demonstrates how public agencies can take bold, practical steps to accelerate hydrogen adoption and build a more sustainable energy future for California."  

As a member of FPH2, RWD will gain access to shared procurement tools, technical expertise, and a transparent platform that connects public agencies with green hydrogen producers. The District will also help pilot early-stage hydrogen applications suited for public sector systems, from vehicle fleets to energy backup systems.

FPH2 encourages other public agencies to explore membership and join a growing network committed to accelerating California'sclean hydrogen transition. With no cost, liability, or purchase obligation, the FPH2 model is designed to lower barriers for participation while offering access to infrastructure support, statewide collaborations, and future funding opportunities. As momentum builds, FPH2 continues to invite local governments, water agencies, transit systems, and public institutions to help shape a transparent, scalable hydrogen economy that benefits all Californians.

First Public Hydrogen | https://www.firstpublich2.com/

Renewable Properties, a developer and investor in small-scale utility, community solar, energy storage, and electric vehicle infrastructure projects, has broken ground on three new solar projects in California. Scheduled for completion in 2025, the projects will deliver over 17 MWdc of clean, renewable power to customers through programs offered by Sonoma Clean Power (SCP) and Pacific Gas and Electric (PG&E).

Optus Bank, Pathward, N.A., and BridgePeak Energy Capital are providing two construction loans to fund the three California projects. The first loan, totaling $16.3 million, will support the construction of Redemeyer Road Solar project. The second loan, totaling $19.518 million, will finance the construction of Althea Phase I and Althea Phase II.

The power from the 5.56 MWdc Redemeyer, located in Ukiah, California, will be procured by Sonoma Clean Power (SCP), the community choice aggregator (CCA) that serves Sonoma and Mendocino counties. SCP will use the generation for its EverGreen program. This unique shared solar program offers SCP subscribers 100% local, renewable power that runs 24/7 from solar, energy storage, and geothermal facilities that are sited within Sonoma and Mendocino counties.

In addition to the solar generation, Redemeyer will incorporate a 4 MWdc/16 MWh energy storage system, which will shift solar energy from when it is generated in the middle of the day to the evening when SCP’s customers need it most. Once completed in Q3 2025, Redemeyer will generate enough solar electricity to power 1,021 average homes per year and offset 5,667 tons of carbon dioxide annually.

Renewable Properties also commenced construction on the Althea Avenue Solar Phases 1 and 2 projects in Fresno County, California. Both phases will complete construction by Q4 2025.

The 6.42 MWdc Althea Solar Phase 1 will generate enough electricity to power 1,311 homes per year and offset the equivalent of 7,275 tons of carbon dioxide annually. Its renewable energy will contribute to PG&E’s Disadvantaged Communities (DAC) Green Tariff program, which provides clean power to low to moderate income-qualified residents with a 20% discount on their electric bills.

The adjacent 5.02 MWdc Phase 2 project is part of PG&E’s Solar Choice program. Solar Choice allows customers who can’t install solar on their roof to purchase solar energy to match either 50% or 100% of their energy use. After completion, the array will generate enough electricity to power 1,021 homes per year and offset the equivalent of 5,667 tons of carbon dioxide annually.

“These projects reflect Renewable Properties’ ongoing commitment to expanding locally generated renewable energy,” said Aaron Halimi, Founder and CEO of Renewable Properties. “We’re grateful to our partners Optus Bank, Pathward, and BridgePeak Energy Capital for enabling us to help more Californians go solar, regardless of income or having rooftop access.”

“Financing solar + storage projects like these are critical to supporting the electrification of our economy,” said Reginald Webber, Executive Vice President and Chief Credit Officer at Optus Bank. “Our investment underscores our mission to drive clean energy across the U.S.”

“Pathward is dedicated to empowering Minority Depository Institutions to participate in the energy transition,” said Christopher Soupal, Divisional President and Revenue Lending Officer at Pathward. “We work strategically with mission-driven lenders like Optus Bank to co-finance opportunities that qualify for Deep Impact Credits, allowing our collective capital to go further in underserved communities.”

“Our partnership with Renewable Properties dates back to 2019, and we’re proud to continue supporting their efforts to expand access to inexpensive and sustainable domestic energy. We look forward to growing our collaboration with both Renewable Properties and our Minority Depository Institution partners well into the future,” said Shawn Andrews, CEO of BridgePeak Energy Capital.

Renewable Properties expects to begin construction on 100 MWdc of small-scale utility and community solar projects in California, Illinois, Massachusetts, and New York before the end of 2025. As of March 2025, the company’s total development pipeline is 1.2 GWdc.

Renewable Properties | www.renewprop.com

Pathward | https://www.pathward.com/

Optus Bank | https://optus.bank/

BridgePeak Energy Capital | https://www.bridgepeak.com/