09:47 AM EST, 01/15/2025 (MT Newswires) -- Westbridge Renewable Energy ( WEGYF ) on Wednesday announced five new Alberta Battery Energy Storage (BESS) projects, adding more than 500 MWh capacity to the development portfolio.

The company said each of the BESS projects has site control, environmental permitting feasibility studies completed, and interconnection applications confirmed in the AESO's cluster two interconnection process. The projects add 539 MWh of battery storage capacity.

Westbridge also said it granted stock options to buy 930,000 common shares to management and directors of the company on Jan. 14. The options are exercisable at $0.85 apiece and vest one year from the date of grant. The company also granted RSUs and PSUs representing the right to receive up to an aggregate 3.7 million common shares to management and directors of the company.

Shares of the company were last seen up 2% at $0.82 in early morning trade on the TSX Venture Exchange.

Price: 0.82, Change: +0.02, Percent Change: +2.50