Drafting vs. Engineering: Choosing the right partner for commercial projects

Space Ocean Corp, a leader in orbital logistics and in-space resource delivery, has entered into a Letter of Intent (LOI) with Space Nuclear Power Corporation (Space Nukes), a pioneer in advanced space nuclear power systems. The LOI outlines a strategic collaboration to explore integrating space nuclear reactor technology into future deep-space missions.

Under the terms of the LOI, Space Ocean intends to test Space Nukes' 10-kilowatt nuclear reactor aboard its ALV-N satellite. If performance criteria are met, Space Nukes will become a core supplier of nuclear power units for future Space Ocean missions focused on lunar and planetary operations.

"Power is mission-critical, especially when you're operating in the deepest parts of space," said Paul S. Mamakos, CEO of Space Ocean Corp. "This collaboration gives us the opportunity to pair our fluid logistics and delivery infrastructure with nuclear technology that can scale, sustain and energize orbital and planetary missions."

"Space Ocean's vision aligns with our belief that small, scalable and extremely reliable nuclear power is essential for long-duration missions," said Andrew Phelps, CEO of Space Nuclear Power Corporation. "Together, we're laying the groundwork for a future where spacecraft can generate, manage and distribute energy far beyond Earth orbit."

"This strategic alliance between Space Nukes and Space Ocean is a game changer for not only our programs, but for planetary exploration missions yet to launch," added Pete Freeland, President and CTO of Space Ocean Corp. "Our collaborative efforts will mature an essential technology for future spaceflight, and we are excited to be aligned with this groundbreaking organization."

The LOI also includes mutual objectives to:

• Explore integration of fluid delivery systems with reactor modules
• Collect operational data to support Technology Readiness Level 9 (TRL-9) certification
• Form a Joint Working Group to pursue additional space infrastructure and commercial opportunities

While non-binding, the LOI represents a meaningful alignment between two companies working to solve critical challenges in long-range mission design, logistics and autonomy.

Space Ocean Corp |. https://spaceoceancorp.com/

Space Nuclear Power Corporation | https://www.spacenukes.com/

Ingeteam, a global leader in power electronics and energy conversion, will officially launch the INGECON H2 Megalyzer during World Hydrogen Week 2025 in Copenhagen — one of the most important global gatherings for hydrogen innovation.

The INGECON H2 Megalyzer has been developed to meet the demanding requirements of renewable hydrogen production plants, offering:

• High Efficiency & Competitive LCoH 
• Grid Compliant & Future-Proof 
• Reliability & Safety 
• Lowest Noise Levels – the quietest converter in the market
• Modular & Scalable Architecture 

Alongside the launch, Iñigo Uriarte, Commercial Director of H2 Systems at Ingeteam, will contribute to a conference round table on Supply Chain & Plant Optimisation (8 October 2025 14:50CET - Stream D). The discussion will focus on how to reduce CAPEX and overcome operational and design challenges while ensuring power quality for hydrogen projects.

"Hydrogen stake holders are under pressure to deliver projects that are both cost-competitive and technically robust. The INGECON H2 Megalyzer directly addresses these pain points, combining efficiency, reliability, and compliance in one solution," explained Iñigo Uriarte.

By combining proven grid expertise with bankable technology, Ingeteam positions itself as a trusted partner for OEMs, EPCs, developers, and end-users seeking dependable solutions for large-scale hydrogen deployment.

The new solution is already live on a dedicated landing page with detailed information: Explore INGECON H2 Megalyzer.

Ingeteam | www.ingeteam.com

Stardust Solar Energy Inc. (TSXV: SUN) (OTCQB: SUNXF) (FSE: 6330) announced that it has reached 100 franchises globally with the addition of Durham, Ontario; Kitchener, Ontario; and New London, Connecticut in September. The milestone reflects the continued adoption of Stardust's scalable franchise model for residential and small-commercial solar-PV, battery-storage, and EV-charging solutions across North America.

"Reaching 100 franchises is a milestone that reflects rising demand for reliable, turnkey clean-energy solutions delivered by trusted local operators amid the rapid global adoption of solar, battery storage, and EV charging," said Mark Tadros, Founder & Chief Executive Officer. "Durham and Kitchener strengthen our Greater Toronto Area coverage, and New London extends our New England presence. As we scale, our focus remains on quality execution, unit-level performance, and an exceptional customer experience."

The new Durham, Ontario territory will be led by Daniel Esper, a Master Electrician and licensed electrical contractor with experience in both residential and commercial projects, enhancing crew capacity and service responsiveness across the GTA. The Company expects the Kitchener and New London territories to complement nearby franchise areas and benefit from supportive regional programs encouraging solar-plus-storage adoption.

Operating cadence and seasonality. Stardust typically signs new territories in Q4, conducts intensive technical and business training in Q1, and executes the bulk of field installations in Q2 and Q3, while continuing to sign, train, and install year-round to meet customer timelines. This cadence is designed to align franchisee readiness with optimal construction windows while maintaining consistent growth throughout the year.

Milestone highlights

• Reaches 100 franchises globally, adding Durham, ON; Kitchener, ON; and New London, CT in September 2025.
• Expands GTA coverage and New England presence with experienced electrical leadership in Durham.
• Maintains year-round signing, training, and installation, with peak field activity in Q2-Q3.

On September 9, 2025, the Company reported securing approximately $1 million in new signed customer contracts during August, bringing its total signed contract backlog to approximately $3.5 million as of September 1, 2025. The backlog represents signed residential and small-commercial solar-PV and battery-storage contracts scheduled to commence over the following 12 months. Stardust believes its expanding territory base, standardized playbooks, and centralized engineering, permitting, and procurement support position the Company for continued growth.

Stardust Solar | www.stardustsolar.com

Greenflash Infrastructure, L.P. (“Greenflash”), an H.I.G. Capital-backed energy platform, has successfully closed an innovative hybrid tax capital and debt financing for Project Soho – a 400MW / 800MWh standalone battery storage project in Brazoria County, Texas. The project is the largest standalone BESS currently under construction in TX and is ahead of schedule to energize in Q1 2026, and achieve commercial operations in Q2 2026.

“We designed this financing structure to be a scalable, repeatable template for our 5 GW near-term ERCOT pipeline,” said co-Founder and Vice President, Joel Chisolm.

The transaction included a preferred equity investment from funds managed by Wafra, Inc. (“Wafra”), a global alternative investment manager. Acadia Infrastructure Capital, L.P. (“Acadia”), a North American power infrastructure investment manager, invested preferred equity in Project Soho alongside Wafra. The preferred equity investment is structured to facilitate a tax credit sale to a leading U.S.-based insurance company.

The transaction also included debt financing led by Deutsche Bank which served as Coordinating Lead Arranger and Sole Bookrunner. Deutsche Bank Trust Company Americas served as Administrative Agent, Collateral Agent and Depositary Bank.

“Our team at Greenflash combined innovative hedging and financing with world-class execution to deliver a superior outcome, and we are thrilled to have achieved this important milestone so quickly at Greenflash,” said Josh Prueher, co-Founder and Managing Partner.

“We are pleased to support Greenflash on their inaugural project financing,” said Jeremy Eisman, Head of Infrastructure & Energy Financing, Americas at Deutsche Bank. “This transaction further strengthens the HIG/DB relationship and represents our continued commitment to finance well-positioned battery storage assets that improve grid reliability.”

CRC-IB acted as financial advisor to Greenflash, with Troutman Pepper Locke serving as legal counsel. Latham & Watkins served as legal counsel to Deutsche Bank.

Greenflash | https://gfinfra.com/

Wafra | https://www.wafra.com/

Acadia Infrastructure Capital | https://www.acadiainfrastructure.com/

SES AI Corporation (“SES AI”, the “Company,” “we” or “us”) (NYSE: SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, announced at The Battery Show – North America that the Company will be unveiling Molecular Universe 1.0 (MU-1) on October 20, 2025, its latest and most complete battery material discovery software and service platform. The Company also announced that, due to the popularity of the Enterprise tier, it has expanded its subscription offerings and hired a new business development lead to accelerate its go-to-market strategy in the battery industry and adjacent molecule-dependent industries.

MU-1 provides complete end-to-end material discovery capability, including literature research and solution recommendation (“Ask”), molecule search (“Map” and “Search”), formulation search (“Formulate”), and cell performance prediction (“Predict”). MU-1 has the potential to accelerate battery material discovery from years to just tens of minutes. The following link can be used to sign up for the live demo launch of MU-1 on Monday, October 20, 2025.

MU-1 now offers three sub-tiers within Enterprise, providing greater service at greater value. Molecular Universe has already helped several Enterprise customers address their battery challenges, including:

1. Energy Storage: improving low temperature cycle life of LiFePO4 Li-ion cells
2. Drones & Robotics: improving safety and energy density of high content Silicon anode Li-ion cells
3. EV: improving cycle life of low and medium content Silicon anode Li-ion cells
4. Consumer Electronics: improving high voltage stability of LiCoO2 Li-ion cells

Qichao Hu, Founder and CEO of SES AI, noted, “We’ve received a tremendous response to the Molecular Universe within the global battery community at the Public, Research, Explorer and Team tiers, as well as a large number of trial users in the Enterprise and Joint Development tiers. We have already generated revenue from MU this year from two Joint Development customers and are converting several Enterprise customers to subscriptions that are expected to generate revenue in the coming quarters. With the popularity of the Enterprise subscription option, we are expanding it to three sub-tiers which should broaden our reach within the battery industry.”

Hu added, “MU-1 is a quantum leap compared to our earlier versions with an enhanced Map, Ask and Search. We’ve also introduced Formulate and Predict which take us into the formulation and cell universes for the first time. These new features provided in MU-1 and the new subscription options will complement the acceleration of our go-to-market strategy in the battery industry and our potential entry into molecule-dependent industries such as specialty chemicals, personal care, and oil and gas. In addition to its own revenue opportunities, the Molecular Universe is also one of the building blocks that we believe will continue to provide us with competitive advantages in growing our electrolyte materials and our battery cell supply strategies for ESS, drones and robotics, consumer electronics and EV.”

MU-1 Feature Updates

Map: In Molecular Universe (MU-1), we are expanding the molecular databases to cover most liquid and solid battery electrolytes, including solvents, additives, diluents, salts, and solid-state materials. We are offering a one-million-molecule database fully viewable to the Public, and fully searchable to Research, Explorer and Team tiers, and a 200-million-molecule database fully searchable to Enterprise and Joint Development tiers with more in-depth properties.

Ask: MU-1 enhances Ask performance by integrating the latest GPT-5 models and SES proprietary training data including publications, patents, and human intuition. We are offering Lightning to the Public, and more advanced Pro and multi-agent Deep Space to Research, Explorer, Team, Enterprise and Joint Development tiers. Deep Space now has senior scientist-level agentic capability to understand users’ queries and recommend full solutions including detailed reasoning, experiments and predictions. Deep Space is also fully integrated with Maps, Predict and other features in MU-1, it is one step closer to full agentic capability that can outperform the very best human battery scientists.

Search: In MU-1, we are offering “Intelligent Find-Friends” that also takes into account the battery chemistry environment and desired performance for the molecules we are seeking, quickly identifying the top “friends” that are most relevant.

Formulate: Having mapped what we believe to be the world’s largest molecular databases, for the first time, we are venturing beyond the molecular universe, and into the formulation universe, which involves much higher dimensions of complexity. Electrolytes are more than just single molecules, they are formulations consisting of ions dissociated and solved by solvent molecules, which interact in various manners among themselves. Here we have developed advanced computation chemistry tools such as molecular dynamics simulations driven by polarizable force fields that have achieved unprecedented accuracy, scale and speed for prediction of formulation level properties including viscosity, solubility, miscibility, conductivity, etc. Users can enter their desired formulations, and we will compute their properties.

Predict: Having explored the formulation universe, we continue our journey into the cell universe, an even higher dimension of complexity. Ultimately the cell level performance is what users care about most, since the final product is neither a molecule nor formulation, but a complete cell. We are truly in uncharted territory, as currently there are no known methodologies for connecting molecule and formulation properties to cell performance, the interfaces and interphases are simply beyond what first-principle can predict. Fortunately, the power of AI and machine learning, grounded in our massive effort to meticulously collect cell experimental performance data over diverse chemistries and as functions of different molecules and formulations is showing promise. Users can select a particular cell chemistry and different unknown molecules from the Molecular Universe to see their impact on cell performance and accurately predict cycle life. Users can even blindly input data of early cell cycle life, and MU-1 will predict end of life, all without any prior knowledge of the input cell chemistry or test environment.

SES AI | www.ses.ai

Altus Power, a nationwide leading provider of commercial-scale power, announced the acquisition of three ground-mounted solar projects in Florida, totaling 8.6 MWs. The projects were purchased from Origis Energy and are already generating and delivering reliable power to a local utility through long-term power purchase agreements (PPAs).

“We’ve built a strong reputation for execution and responsible stewardship of the projects we acquire. This acquisition from Origis, one of our trusted partners, reflects that commitment as we expand our nationwide footprint, delivering incremental power where it’s needed most,” said Dan Griffin, Co-Head, Investment & Structured Finance, Altus Power. “Our team remains focused on disciplined investments aligned with our strategy, ensuring we deliver value to our partners, customers and the communities we serve.”

With this acquisition, Altus continues to strengthen its presence in Florida, underscoring the company’s commitment to building a diverse portfolio of clean energy assets, going well beyond megawatts to deliver economic, environmental and community benefits across the country.

Altus Power | https://www.altuspower.com/

PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company"), a leader in North American energy infrastructure development and asset ownership, is pleased to announce that it has executed a lease agreement on a 6.9 MW DC ground-mount solar power project known as the NY-Crawford Rd project (the "Project"), in the Capital District, New York. The Project is expected to be eligible for incentives under the New York State Energy Research and Development Authority ("NYSERDA") NY-Sun Program.

The Company is in the process of submitting the interconnection application and has initiated the preliminary screening analysis as part of the initial interconnection steps. Assuming receipt of interconnection approval, the Company will work to complete the permitting process and secure the necessary financing for the construction of the Project.

Once completed, the Project will be operated as a community solar project. Community solar is a group of solar panels with access to the local electricity grid. Once the panels are turned on and generating electricity, clean energy from the site feeds into the local power grid. Depending on the size and number of panels the project has, dozens or even hundreds of renters and homeowners can save money from the electricity that is generated by the project. By subscribing to a project, a homeowner earns credits on their electric bill every month from their portion of the solar that's generated by the project, accessing the benefits of solar without installing panels on their home. This allows homeowners to realize a reduced cost per kW/hour from the power they consume versus standard utility rates.

PowerBank's proven expertise, with over 100 MW of completed projects and a development pipeline exceeding 1 GW, underpins the project's execution. Strategic partnerships and institutional-grade development capabilities position PowerBank to deliver reliable, high-impact renewable energy solutions.

The Crawford Rd Project advances New York's ambitious Climate Leadership and Community Protection Act goal of 6 GW of solar capacity by 2025. As a national leader in community solar, New York accounts for nearly one-third of the United States' 6.2 GW of installed solar capacity, and PowerBank is honored to contribute to this transformative milestone.

PowerBank Corporation | www.powerbankcorp.com