Energy Plug Releases Its 20 kWh Decentralized Battery System and Provides Solutions for Powering Cryptocurrency and AI
Energy Plug Technologies announces the launch of its 20 kWh Decentralized Battery System, designed for crypto mining, blockchain nodes, and AI operations in North America. The system, available for preorders in December 2024, features renewable-ready technology, advanced Energy Management System (EMS), and bi-directional PCS integration. The product aims to provide uninterrupted power supply for blockchain networks, IOT networks, and crypto mining operations, allowing energy storage during off-peak hours and operation during high-demand periods. The company plans to manufacture the system at the upcoming Malahat facility.
Energy Plug Technologies annuncia il lancio del suo Sistema di Batteria Decentralizzato da 20 kWh, progettato per il mining di criptovalute, nodi blockchain e operazioni di intelligenza artificiale in Nord America. Il sistema, disponibile per il preordino a dicembre 2024, presenta una tecnologia pronta per le energie rinnovabili, un avanzato Sistema di Gestione dell'Energia (EMS) e integrazione con il PCS bidirezionale. Il prodotto mira a fornire un'alimentazione ininterrotta per le reti blockchain, le reti IOT e le operazioni di mining di criptovalute, consentendo l'accumulo di energia durante le ore di bassa richiesta e operando durante i periodi di alta domanda. L'azienda prevede di fabbricare il sistema presso il nuovo stabilimento di Malahat.
Energy Plug Technologies anuncia el lanzamiento de su Sistema de Batería Descentralizado de 20 kWh, diseñado para la minería de criptomonedas, nodos de blockchain y operaciones de inteligencia artificial en América del Norte. El sistema, disponible para pedidos anticipados en diciembre de 2024, cuenta con tecnología lista para energías renovables, un avanzado Sistema de Gestión de Energía (EMS) y una integración bidireccional de PCS. El producto tiene como objetivo proporcionar un suministro de energía ininterrumpido para redes blockchain, redes IOT y operaciones de minería de criptomonedas, permitiendo el almacenamiento de energía durante las horas de baja demanda y operando durante períodos de alta demanda. La empresa planea fabricar el sistema en la próxima instalación de Malahat.
에너지 플러그 테크놀로지스는 북미에서 암호화폐 채굴, 블록체인 노드 및 인공지능 운영을 위해 설계된 20kWh 분산형 배터리 시스템을 출시한다고 발표했습니다. 이 시스템은 2024년 12월에 사전 주문이 가능하며, 재생 가능 에너지에 적합한 기술, 고급 에너지 관리 시스템(EMS), 양방향 PCS 통합 기능을 특징으로 합니다. 이 제품은 블록체인 네트워크, 사물 인터넷(IOT) 네트워크 및 암호화폐 채굴 운영을 위한 중단 없는 전원 공급을 제공하며, 비성수기 동안 에너지를 저장하고 고수요 기간 동안 작동할 수 있게 해줍니다. 회사는 곧 Malahat 시설에서 이 시스템을 제조할 계획입니다.
Energy Plug Technologies annonce le lancement de son Système de Batterie Décentralisée de 20 kWh, conçu pour le minage de cryptomonnaies, les nœuds blockchain et les opérations d'IA en Amérique du Nord. Le système, disponible en précommande en décembre 2024, comprend une technologie prête pour les énergies renouvelables, un système avancé de gestion de l'énergie (EMS) et une intégration PCS bidirectionnelle. Le produit vise à fournir une alimentation ininterrompue pour les réseaux blockchain, les réseaux IoT et les opérations de minage de cryptomonnaies, permettant le stockage d'énergie pendant les heures creuses et le fonctionnement pendant les périodes de forte demande. L'entreprise prévoit de fabriquer le système dans la future installation de Malahat.
Energy Plug Technologies gibt die Einführung seines 20 kWh dezentralen Batteriesystems bekannt, das für das Mining von Kryptowährungen, Blockchain-Knoten und KI-Operationen in Nordamerika konzipiert ist. Das System, das im Dezember 2024 zur Vorbestellung bereitsteht, verfügt über technologie für erneuerbare Energien, ein fortschrittliches Energiemanagementsystem (EMS) und eine bidirektionale PCS-Integration. Das Produkt zielt darauf ab, eine unterbrechungsfreie Stromversorgung für Blockchain-Netzwerke, IOT-Netzwerke und Kryptowährungs-Mining-Operationen bereitzustellen, indem es die Speicherung von Energie während der Nebenzeiten und den Betrieb während der Spitzenzeiten ermöglicht. Das Unternehmen plant, das System in der kommenden Malahat-Anlage zu produzieren.
- Product launch timing aligns with increasing cryptocurrency values
- System enables cost reduction through off-peak energy storage
- Integrated bi-directional PCS and renewable-ready design offers operational efficiency
- Product addresses growing market demand for decentralized energy solutions
- supply availability may restrict revenue potential
- Product is still in pre-order phase, no immediate revenue generation
- Heavy dependence on volatile cryptocurrency market conditions
Vancouver, British Columbia--(Newsfile Corp. - November 14, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company") is pleased to announce the launch of its 20 kWh Decentralized Battery System.
Designed to meet the demand for decentralized energy in North America, this system is a power solution for those in crypto mining, blockchain nodes, and AI operations. Built on cutting-edge technology and poised for rapid market entry, Energy Plug's battery system can contribute to energy reliability and decentralization.
The Company believes that the timing of the release of this product is very good due to the increasing value of coins like Solana, Dogecoin, and Bitcoin, and the urgency for decentralized energy infrastructure. The 20 kWh Decentralized Battery System which will have limited supply will start taking preorders in December 2024 positioning Energy Plug at the forefront, offering unparalleled support to decentralized networks and providing an opportunity for those ready to strengthen their position in the crypto and AI sectors.
Why Choose Energy Plug's 20 kWh System Right Now?
Our 20 kWh Decentralized Battery System is built on advanced technology assets and marks the first of many products designed for decentralized networks. As we ramp up, this launch is a call to action for those who understand the value of aligning with the market's leading edge.
Product Highlights Driving Urgency:
- Unmatched Decentralized Network Support:
- Blockchain Networks: Ensures continuous power to validators and RPC nodes, allowing operators to maintain network stability even through grid disruptions. Excess stored energy can be traded, cutting costs and bolstering decentralized infrastructure.
- IOT Networks: Power backup for hotspots and IoT gateways expands reliable network coverage into off-grid and remote areas, fuelling decentralized IoT missions.
- Crypto Mining Power for the Next Generation:
- Mining: At-home and commercial miners can now operate without interruptions, cutting costs by storing energy during off-peak hours and maximizing mining returns during high-demand times.
- Bitcoin Nodes and Mining Pools: A robust battery backup for mining pools and Bitcoin nodes, ensuring miners can ride through demand peaks without downtime, enhancing profitability.
- A Sustainable, High-Capacity Solution Ready for the Future:
- 20 kWh Storage with Renewable-Ready Technology: The integrated bi-directional PCS and renewable-ready design lower costs and carbon footprints, appealing to miners and businesses alike who value both profit and sustainability.
- Advanced EMS for Real-Time Load Management: The Energy Management System (EMS) balances grid connections, distributed resources, and renewable energy in real-time, preventing costly blackouts and load issues.
Accelerating Toward the Future with Energy Plug and Malahat Nation
The demand for decentralized, sustainable power solutions is at a breaking point, and Energy Plug's 20 kWh battery system can help to meet this need. This system is expected to lead the way in securing the decentralized energy networks. With the Malahat facility on the horizon, our ability to scale production and bring more solutions to market looks positive.
Join the Future of Decentralized Power and Crypto
Energy Plug's new battery system not only capitalizes on the current cryptocurrency surge but also establishes a foundation for decentralized energy management. It enables users to participate actively in blockchain networks, contributing to both financial growth and a sustainable future. With Energy Plug's innovative 20 kWh Pad Mount Battery System, cryptocurrency miners and decentralized network participants should be able to position themselves in this evolving market.
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 the benefits of the decentralized battery system, future sales, financing, developing and construction of the Malahat Battery Plant and other large scale energy projects, production and sale of cutting-edge battery systems to AI and blockchain companies, utilities and other customers.
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
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229920
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