Portfolio turnover reached 74%, up 6 points in the quarter, led by Helios Unit 2 nearing completion at 87%. Commissioning throughput is tracking ahead of the ITR scope curve, and the punch-list close rate held at 89%. Energization remains the gating milestone: 19 of 48 systems are live, with two NOE approvals pending at Helios. Vesta is earlier in its cycle at 61% and is the focus for the coming quarter.
| Project | Turnover | Systems | ITRs | Punch open | Energized | Target |
|---|---|---|---|---|---|---|
| HELIOS · Helios Thermal Storage — Unit 2 (demo) | 87% | 47 / 54 | 1,204 / 1,412 | 38 | 12 / 18 | Sep 30 |
| VESTA · Vesta Energy Park (demo) | 61% | 39 / 64 | 892 / 1,460 | 71 | 4 / 22 | Nov 15 |
| Portfolio total | 74% | 118 / 160 | 2,610 / 3,520 | 142 | 19 / 48 | Q4 2026 |
Helios Unit 2 on schedule for full turnover by end of Q3; RFCC transfers 94% complete.
Two NOE approvals pending at Helios (SG-02, T-102); DCS commissioning is the critical path.
Ramp Vesta commissioning; clear 71 open punch items ahead of first custody transfers.