Energy Plug Receives Three Battery Storage Systems Purchase Orders in Q3
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) has received three additional battery storage system purchase orders in Q3 2024, bringing their total to four orders worth $91,000 this year. The company's sales pipeline is approximately $700 million, with the first product installation scheduled for October 2024.
Two of the new orders are for 20-kilowatt-hour battery systems for commercial operations in British Columbia, while the third is for a similar system for remote monitoring in Alberta. These systems aim to reduce fuel consumption and lower power costs by storing energy during off-peak hours.
Energy Plug plans to unveil new products with installations in British Columbia and Alberta throughout Q4. The company's CEO, Broderick Gunning, stated that shipments from Taiwan-based manufacturing partners are set to accelerate in Q4, with light assembly occurring in Canada prior to the opening of a proposed Gigafactory in partnership with the Malahat Nation.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) ha ricevuto tre ulteriori ordini di acquisto di sistemi di accumulo batterie nel terzo trimestre del 2024, portando il totale a quattro ordini del valore di $91.000 quest'anno. Il portafoglio vendite dell'azienda è di circa $700 milioni, con la prima installazione del prodotto programmata per ottobre 2024.
Due dei nuovi ordini sono per sistemi di batterie da 20 kilowattora per operazioni commerciali in British Columbia, mentre il terzo è per un sistema simile per il monitoraggio remoto in Alberta. Questi sistemi mirano a ridurre il consumo di carburante e abbassare i costi energetici immagazzinando energia durante le ore non di punta.
Energy Plug prevede di lanciare nuovi prodotti con installazioni in British Columbia e Alberta nel quarto trimestre. Il CEO dell'azienda, Broderick Gunning, ha dichiarato che le spedizioni dai partner di produzione con sede a Taiwan aumenteranno nel quarto trimestre, con un assemblaggio leggero che avverrà in Canada prima dell'apertura di una proposta Gigafactory in collaborazione con la Nazione Malahat.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) ha recibido tres órdenes adicionales de compra de sistemas de almacenamiento de batería en el tercer trimestre de 2024, lo que eleva su total a cuatro órdenes por un valor de $91,000 este año. El pipeline de ventas de la empresa es de aproximadamente $700 millones, con la primera instalación de producto programada para octubre de 2024.
Dos de las nuevas órdenes son para sistemas de batería de 20 kilovatios-hora para operaciones comerciales en Columbia Británica, mientras que la tercera es para un sistema similar para monitoreo remoto en Alberta. Estos sistemas tienen como objetivo reducir el consumo de combustible y bajar los costos energéticos al almacenar energía durante las horas de menor demanda.
Energy Plug planea presentar nuevos productos con instalaciones en Columbia Británica y Alberta durante el cuarto trimestre. El CEO de la empresa, Broderick Gunning, declaró que los envíos de los socios de manufactura con sede en Taiwán están programados para acelerar en el cuarto trimestre, con un ensamblaje ligero que ocurrirá en Canadá antes de la apertura de una Gigafábrica propuesta en colaboración con la Nación Malahat.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF)는 2024년 3분기에 세 개의 추가 배터리 저장 시스템 구매 주문을 받았으며, 이를 통해 올해 총 4건의 주문이 $91,000에 달하게 되었습니다. 회사의 판매 파이프라인은 약 $700 백만으로, 첫 제품 설치는 2024년 10월로 예정되어 있습니다.
새로운 주문 중 두 개는 브리티시 컬럼비아에서 상업 운영을 위한 20킬로와트시 배터리 시스템에 대한 것이고, 세 번째는 앨버타에서 원격 모니터링을 위한 유사한 시스템에 해당합니다. 이 시스템들은 비 peak 시간에 에너지를 저장하여 연료 소비를 줄이고 전력 비용을 낮추는 것을 목표로 하고 있습니다.
Energy Plug은 4분기 동안 브리티시 컬럼비아와 앨버타에서 설치할 새로운 제품을 선보일 계획입니다. 회사의 CEO인 브로더릭 건닝은 대만에 본사를 둔 제조 파트너의 선적이 4분기에 가속화될 예정이며, 말라하트 네이션과 협업하여 제안된 기가팩토리 개장을 앞두고 캐나다에서 경량 조립이 이루어질 것이라고 밝혔습니다.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) a reçu trois commandes supplémentaires de systèmes de stockage d'énergie au troisième trimestre 2024, portant le total à quatre commandes d’une valeur de 91 000 $ cette année. Le pipeline de ventes de l'entreprise est d'environ 700 millions de dollars, avec la première installation de produit prévue pour octobre 2024.
Deux des nouvelles commandes concernent des systèmes de batterie de 20 kilowattheures pour des opérations commerciales en Colombie-Britannique, tandis que la troisième est pour un système similaire pour la surveillance à distance en Alberta. Ces systèmes visent à réduire la consommation de carburant et à diminuer les coûts d'énergie en stockant de l'énergie pendant les périodes creuses.
Energy Plug prévoit de dévoiler de nouveaux produits avec des installations en Colombie-Britannique et en Alberta tout au long du quatrième trimestre. Le PDG de l'entreprise, Broderick Gunning, a déclaré que les expéditions de partenaires de fabrication basés à Taïwan devraient s'accélérer au quatrième trimestre, avec un assemblage léger prévu au Canada avant l'ouverture d'une Gigafactory proposée en partenariat avec la Nation Malahat.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) hat im dritten Quartal 2024 drei weitere Bestellungen für Batteriespeichersysteme erhalten, was die Gesamtzahl auf vier Bestellungen im Wert von $91.000 in diesem Jahr erhöht. Die Verkaufspipeline des Unternehmens beträgt etwa $700 Millionen, mit der ersten Produktinstallation, die für Oktober 2024 geplant ist.
Zwei der neuen Bestellungen betreffen 20-kilowattstunden-Batteriesysteme für kommerzielle Anwendungen in British Columbia, während die dritte für ein ähnliches System zur Fernüberwachung in Alberta bestimmt ist. Diese Systeme sollen den Kraftstoffverbrauch reduzieren und die Stromkosten senken, indem sie Energie während der Schwachlastzeiten speichern.
Energy Plug plant, im vierten Quartal neue Produkte mit Installationen in British Columbia und Alberta vorzustellen. Der CEO des Unternehmens, Broderick Gunning, gab bekannt, dass die Lieferungen von in Taiwan ansässigen Fertigungspartnern im vierten Quartal zunehmen werden, wobei eine leichte Montage in Kanada vor der Eröffnung einer vorgeschlagenen Gigafabrik in Zusammenarbeit mit der Malahat Nation stattfinden wird.
- Received three new purchase orders in Q3, totaling four orders worth $91,000 in 2024
- Large sales pipeline of approximately $700 million
- First product installation scheduled for October 2024
- Expanding into key sectors: hospitality, real estate, remote monitoring, and mining
- Plans to unveil new products with installations in British Columbia and Alberta in Q4
- Shipments from Taiwan-based manufacturing partners set to accelerate in Q4
- None.
Energy Plug has now booked four purchase orders in 2024
Vancouver, British Columbia--(Newsfile Corp. - September 26, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company"), an energy technology company dedicated to innovation and sustainable battery and microgrid solutions, is pleased to announce purchase orders for three additional battery storage systems to complete its third quarter.
Energy Plug has now received four purchase orders in 2024 for the total value of
With a current sales pipeline of approximately
Two of the new orders are for 20-kilowatt-hour battery systems for commercial operations in British Columbia. The third is for a 20-kilowatt-hour remote monitoring battery program in Alberta. These systems are designed to reduce fuel consumption and lower power costs by storing energy during lower-priced evening hours and using, or selling it back to the grid, during peak daytime hours.
Energy Plug plans to unveil its new products with installations in British Columbia and Alberta in October and throughout Q4, marking another significant milestone of establishing a robust supply chain for commercialization. The Company is particularly excited by the early response to its innovative 20-kilowatt-hour battery packs, which are among the safest and most advanced available.
The plug-and-play aspect to Energy Plug products allows for easy battery changes when needed, reducing maintenance and down time. These solutions allow customers to embrace easily installed and serviceable renewable energy technologies, while also benefiting from government investment tax credits and provincial rebates, which cover a substantial portion of clients costs associated with installing Energy Plug battery systems.
Energy Plug CEO Broderick Gunning said that shipments from Energy Plug's Taiwan-based manufacturing partners are set to accelerate throughout Q4. The Company continues to pursue a strategy of selling its systems with light assembly occurring in Canada prior to the opening of the proposed Gigafactory in partnership with the Malahat Nation.
"We are on track to bring Energy Plug's products to market, as evidenced by these three additional purchase orders," said Gunning. "We are particularly excited to be seen as a viable, plug-and-play option in the mining sector, which is aggressively pursuing its Net-Zero and ESG goals. Additionally, we have identified a sales pipeline of more than
Energy Plug's targeted sectors include construction, mining, utilities, residential and hospitality, all of which are focused on increasing operational efficiency while achieving sustainability and net-zero goals.
About Energy Plug Technologies Corp.
Energy Plug Technologies Corp. is an energy technology company, dedicated to innovation and sustainability. With a focus on residential, commercial, and utility energy storage applications, our goal is to advance battery technologies to enhance energy management and grid resiliency. Based in British Columbia, we seek to leverage strategic partnerships with Indigenous communities, and the development of a vertically integrated supply chain involving industry-leading companies in Taiwan to provide advanced solutions to our customers and partners. For more information about Energy Plug, visit our website at https://energyplug.com.
Forward-Looking Statements
This news release contains forward-looking information within the meaning of applicable securities legislation. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "will", "proposes", "expects", "estimates", "intends", "anticipates" or "believes", "aim", or variations (including negative and grammatical variations) of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding any objectives and strategies of the Company) are forward-looking information.
The forward-looking information in this news release includes but is not limited to the statements about future sales, sales pipeline, new products, the Company's plans to sell to construction, mining, utilities, residential and hospitality industries, and the Company's plans to manufacture at its proposed and future assembly facilities.
The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various risk factors, including, but not limited to obtaining financing, ability to build the battery assembly factory on Vancouver Island, ability to secure suppliers of batteries and obtaining batteries at desired prices, supply chain disruptions, changing government, plans, policies regarding clean energy, batteries, electric vehicles and other electric transportation devices, elimination or reduction of government subsidies for electric vehicles and other electric transportation devices, solar panels, and wind power installations; changes in the Canadian and/or the U.S Government policies, rules and regulations, and potential war conflicts which may disrupt supply of the components required to produce batteries.
The material assumptions used to develop forward-looking information include, but not limited to general business and economic conditions, financial markets conditions, the Company's ability to fund its operations through financings and joint ventures, procurement of consulting, technical and related services and supplies on favourable terms, attraction and retention of key staff members, market demand for the Company's products, growth prospects in the market for its products, accessibility of raw materials and battery pack supplies to meet market demand, facility profitability, the anticipated terms of the consents, permits and authorizations necessary to carry out the planned operations and the Company's ability to comply with such terms on a cost-effective basis, and the ongoing relations with the industry regulators.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intention to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Investment in the securities of the Company is risky.
Contact Information
Energy Plug Technologies Corp.
Broderick Gunning
President & CEO
brodie@energyplug.com
Investor Relations
Renmark Financial Communications Inc.
1900 - 130 King Street West, Toronto, ON M5X 1E3
John Boidman: jboidman@renmarkfinancial.com
Tel.: (416) 644-2020 or (212)-812-7680
www.renmarkfinancial.com
1 Sales pipeline is defined as the total forecasted dollar amount of those future projects that the Company has either contacted or has been contracted by renewable developers, engineering firms, owners, or contractors for consultative assistance (which could include BESS), a quote, or both. The sales pipeline does not include the dollar value of contracted sales; or the dollar value of sales, where volumes have not been determined by the team; or the dollar value of sales that have been lost for various reasons, including that the proposed project has been cancelled, lost to an alternative product or lost to a competitor. The sales pipeline is updated when changes in the status of a project becomes known to the Company. The Company maintains a pipeline of prospective projects that it updates regularly based on quote activity to ensure that it is reflective of active sales opportunities that can convert into orders within approximately a rolling 24-month time horizon (i.e. known sales opportunities). Energy Plug estimates of qualified prospective projects based on quote activity that could convert into orders within approximately 24 months, which is referred to as the Sales Pipeline, are estimates only and should be evaluated by investors in this context. These estimates represent management's expectations as to the possible prospective market amount and there can be no assurance that management's expectations are an accurate assessment of the number of active sales opportunities that may be converted into sales orders to become part of the Company's active order book (and are added to the Sales Order Backlog). There can be no assurance that these potential projects will proceed or proceed within the expected timeframe or at the anticipated value. In addition, it is anticipated that the Company can be successful in securing only a portion of the estimated available projects from the Sales Pipeline. Specifically, it is anticipated that not all of these sales opportunities will be available to the Company, that the Company's prospective customers may fail to secure required financing or permitting approvals, or that the Company may determine not to pursue certain opportunities or, if pursued, that these opportunities may not result in actual sales by the Company.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224584
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