October 26, 2026 – TheNewswire – TORONTO, ON – Clean Energy Transition Inc. (TSX-V: TRAN) (“ transition.inc ” or the “ Company ”) is pleased to announce that Sunly Energy (“Sunly”) has been selected as the Installer-Partner for the Pilot Phase of TranFin, the Company’s new residential Energy-as-a-Service (“ EaaS ”) platform.
The announcement follows the Company’s recent closing of the financing to fund the TranFin Pilot Phase (see news release dated September 28, 2026) and TranFin’s participation in last week’s Electricity Transformation Canada (“ ETC ”) conference in Toronto, where meetings with equipment manufacturers, prospective Installer-Partners and financing groups helped advance preparations for the Pilot launch and the Company’s subsequent Ramp Phase.
Sunly Selected as Pilot Installer-Partner
Sunly is an established Canadian residential solar and energy storage installer, headquartered in Prince Edward Island, with operations across Eastern Canada and Ontario. Since its founding in 2019, Sunly has completed thousands of residential solar installations and expanded into battery energy storage.
Under the TranFin Pilot, Sunly will work with the Company to identify and install residential battery storage projects, initially focused on the Maritime provinces. TranFin offers a third-party ownership (“ TPO ”) model under which TranFin funds, owns, monitors and maintains residential energy assets installed at homeowners’ properties. Homeowners receive the benefits of those assets through a long-term subscription arrangement, without the upfront equipment purchase cost. The Pilot Phase will initially focus on battery storage installations, providing an opportunity to establish and refine TranFin’s customer contracting, installation, monitoring and servicing processes ahead of a broader rollout.
“ Sunly brings the local experience, established customer relationships and installation capabilities we were looking for in our first Installer-Partner ,” said Sean Samson, President and CEO of transition.inc. “ With our Pilot financing completed and Sunly alongside us, we are moving from developing the TranFin model toward now deploying our first portfolio of residential energy assets. ”
Preparing for TranFin’s Ramp Phase
Building on its Pilot Phase, TranFin is preparing for its next stage of development, referred to as the “Ramp Phase,” which is expected to expand the platform into additional Canadian provinces, add further Installer-Partners and broaden the range of energy assets offered to include residential solar photovoltaic systems and combined solar and battery installations. Heat pumps are also contemplated as a future product category.
The Company is pursuing relationships across three areas:
Equipment manufacturers and suppliers: Exploring equipment supply, warranty, servicing and other commercial arrangements to support a growing portfolio of residential energy assets.
Installer-Partners: Identifying established Canadian installers seeking to offer customers a TPO alternative to purchasing residential battery, solar and related energy systems.
Financing partners: Engaging with lenders and other capital providers regarding financing structures intended to support the ownership and growth of TranFin’s residential energy asset portfolios.
The Company’s objective is to establish a scalable platform, providing homeowners with access to energy assets without the upfront purchase cost, supporting installers in converting prospective customers into completed projects, and creating a portfolio of long-term recurring subscription revenues.
Progress Following Electricity Transformation Canada
Members of the transition.inc team attended ETC in Toronto last week, advancing discussions with equipment suppliers, prospective Installer-Partners and financing groups. These meetings helped move forward preparations for the initial Pilot installations and the commercial relationships and financing arrangements required for TranFin’s planned Ramp Phase.
“ ETC was a productive opportunity to move forward on both the immediate launch of our Pilot and preparations for Ramp ,” added Samson. “ We made progress in discussions with equipment companies, prospective Installer-Partners and financing groups as we work toward building TranFin into a scalable Canadian residential energy platform. ”
Companies interested in exploring equipment supply arrangements, becoming a TranFin Installer-Partner or participating in the Ramp Phase financing are encouraged to contact the Company through info@transition.inc to discuss potential opportunities.
About Clean Energy Transition Inc.
transition.inc is focused on opportunities to generate positive cash flow across the energy transition.
TranFin is the Company’s residential Energy-as-a-Service platform, designed to provide Canadian homeowners with access to battery storage, solar and other energy technologies without the upfront cost of purchasing the equipment. Through a third-party ownership model, TranFin works with Installer-Partners to offer customers long-term subscription arrangements, including equipment monitoring and maintenance.
The Company also holds a portfolio of Critical Minerals assets, including the Aurora Nickel Project in Ontario, where it is advancing a potential low-carbon production opportunity to supply growing North American demand for nickel in energy storage and high-quality Silica/Quartz projects at Snow White in Ontario and Silicon Ridge in Québec, which may serve as feedstock for silicon metal used in solar energy systems and advanced manufacturing.
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable Canadian securities laws. Such information includes, without limitation, statements regarding (i) the implementation, timing and anticipated results of the TranFin Pilot Phase, including customer origination, contracting, installation, commissioning and operation of residential battery storage systems with Sunly; (ii) the Company’s plans to expand TranFin through its proposed Ramp Phase, including expansion into additional provinces, engagement of further Installer-Partners and introduction of additional energy technologies; (iii) the Company’s ability to establish equipment supply, installation, servicing and financing arrangements; and (iv) the Company’s plans to develop and grow a portfolio of residential energy assets generating recurring subscription revenues. Forward-looking information is based on management’s current expectations and assumptions, including the availability of sufficient financing on commercially acceptable terms, customer demand for TranFin’s services, the ability to establish satisfactory arrangements with installers, equipment suppliers and financing partners, the successful installation and operation of residential energy systems, and the continued availability of applicable regulatory and tax incentives, including the Company’s ability to satisfy eligibility and compliance requirements for, claim and monetize applicable tax credits. Such information is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including difficulties in securing additional financing on acceptable terms or commercial partners, delays in launching or scaling the Pilot and Ramp Phases, delays or cost increases in equipment procurement or installation, lower than anticipated customer adoption, equipment performance or servicing issues, changes in applicable laws or government incentive programs, ineligibility for, delays in receiving, or adjustments or denials of anticipated tax credits, and other business, economic and regulatory risks. There can be no assurance that the Company’s plans and objectives will be achieved. Readers are cautioned not to place undue reliance on forward-looking information. Such information speaks only as of the date of this news release and, except as required by applicable securities laws, the Company undertakes no obligation to update or revise it, whether as a result of new information, future events or otherwise.
Contact Information
For further information, visit www.transition.inc
Or contact: Sean Samson, President, CEO, and Director at:
Clean Energy Transition Inc.
200 – 150 King St. W.
Toronto, ON M5H 1J9
info@transition.inc
+1-647-243-6581
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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