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Energy Plug Technologies Corp. (CSE: PLUG) has signed a Memorandum of Understanding with Enwind Power Co , a Taiwanese engineering firm, to collaborate on research and development of microgrid and Battery Energy Storage System (BESS) products. The parties aim to localize products for Canadian, North American, and Latin American markets. Energy Plug is focusing on meeting the increasing demand for microgrid and battery storage units, with plans to develop 20kWh and 100kWh systems.
Energy Plug Technologies Corp. announces an early warrant exercise program for 14.7 million unlisted common share purchase warrants with an exercise price of $0.075 per share and an expiry date of May 16, 2024. Warrant holders who exercise will receive one-half common share purchase warrant for each exercised warrant. The company plans to use the proceeds for working capital.