Energy Plug Technologies Corp. Begins Final Testing on its Utility and Commercial Battery Products Prior to Their Official Market Release in November
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) has entered the final testing phase for its two flagship 20kWh products, set for official launch in November 2024. The company's innovative energy pole and pad-mounted units offer parallel battery connection with advanced DC-DC converters, addressing challenges in small-scale battery systems. These units come fully integrated with various components and can be enhanced with Energy Plug's in-house Energy Management System (EMS).
Energy Plug has developed a novel system for utility and commercial customers, working alongside partners like BC Hydro. The company is now entering its commercialization phase, targeting a wide range of battery storage and energy delivery systems for utilities, commercial, and residential applications.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) è entrata nella fase finale di test per i suoi due prodotti di punta da 20kWh, previsti per il lancio ufficiale a novembre 2024. Le innovative unità a palo e montate su pad dell'azienda offrono un collegamento parallelo delle batterie con avanzati convertitori DC-DC, affrontando le sfide nei sistemi di batterie su piccola scala. Queste unità sono completamente integrate con vari componenti e possono essere potenziate con il sistema di gestione dell'energia (EMS) sviluppato internamente da Energy Plug.
Energy Plug ha sviluppato un nuovo sistema per clienti utility e commerciali, lavorando insieme a partner come BC Hydro. L'azienda sta ora entrando nella sua fase di commercializzazione, mirando a una vasta gamma di sistemi di stoccaggio delle batterie e di distribuzione energetica per utility, applicazioni commerciali e residenziali.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ha entrado en la fase final de pruebas para sus dos productos insignia de 20kWh, programados para el lanzamiento oficial en noviembre de 2024. Las unidades innovadoras de energía de la compañía, montadas en postes y pads, ofrecen conexión paralela de baterías con avanzados convertidores DC-DC, abordando los desafíos en sistemas de baterías a pequeña escala. Estas unidades vienen completamente integradas con varios componentes y pueden ser mejoradas con el Sistema de Gestión de Energía (EMS) desarrollado internamente por Energy Plug.
Energy Plug ha desarrollado un nuevo sistema para clientes de servicios públicos y comerciales, trabajando junto a socios como BC Hydro. La empresa ahora está entrando en su fase de comercialización, orientándose hacia una amplia gama de sistemas de almacenamiento de baterías y entrega de energía para aplicaciones de servicios públicos, comerciales y residenciales.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ)는 두 가지 주요 20kWh 제품에 대한 최종 테스트 단계에 들어갔으며, 2024년 11월 공식 출시 예정입니다. 이 회사의 혁신적인 에너지 폴과 패드 장착 유닛은 병렬 배터리 연결을 제공하며, 고급 DC-DC 변환기로 소형 배터리 시스템의 문제를 해결합니다. 이 유닛은 다양한 구성 요소와 완전히 통합되어 있으며 Energy Plug에서 개발한 에너지 관리 시스템(EMS)으로 강화할 수 있습니다.
Energy Plug는 BC Hydro와 같은 파트너와 함께 유틸리티 및 상업 고객을 위한 새로운 시스템을 개발했습니다. 이 회사는 이제 상업화 단계에 접어들고 있으며, 유틸리티와 상업, 주거용 애플리케이션을 위한 다양한 배터리 저장 및 에너지 전달 시스템을 목표로 하고 있습니다.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) est entrée dans la phase finale de test pour ses deux produits phares de 20kWh, prévus pour le lancement officiel en novembre 2024. Les unités innovantes de l'entreprise, montées sur poteau et sur pad, offrent une connexion parallèle des batteries avec des convertisseurs DC-DC avancés, répondant aux défis des systèmes de batteries à petite échelle. Ces unités sont entièrement intégrées avec divers composants et peuvent être améliorées avec le Système de Gestion de l'Énergie (EMS) développé en interne par Energy Plug.
Energy Plug a développé un nouveau système pour les clients utilitaires et commerciaux, en collaboration avec des partenaires tels que BC Hydro. L'entreprise entre maintenant dans sa phase de commercialisation, ciblant une large gamme de systèmes de stockage de batteries et de livraison d'énergie pour les services publics, les applications commerciales et résidentielles.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) hat die letzte Testphase für ihre beiden 20kWh-Produkte erreicht, die für den offiziellen Start im November 2024 geplant sind. Die innovativen Energie-Pole und pad-montierten Einheiten des Unternehmens bieten eine parallele Batterieverbindung mit fortschrittlichen DC-DC-Wandlern und gehen die Herausforderungen kleiner Batteriesysteme an. Diese Einheiten sind vollständig mit verschiedenen Komponenten integriert und können mit dem internen Energiemanagementsystem (EMS) von Energy Plug optimiert werden.
Energy Plug hat ein neues System für Versorgungsunternehmen und gewerbliche Kunden entwickelt und arbeitet dabei mit Partnern wie BC Hydro zusammen. Das Unternehmen befindet sich nun in der Kommerzialisierungsphase und zielt auf eine breite Palette von Batteriespeicher- und Energieverteilungssystemen für Versorgungsunternehmen, gewerbliche und private Anwendungen ab.
- Final testing phase of two flagship 20kWh products before November 2024 launch
- Innovative parallel battery connection technology addressing small-scale battery system challenges
- Fully integrated units with advanced components and Energy Management System (EMS)
- Partnership with BC Hydro for novel utility and commercial customer solutions
- Entering commercialization phase with products for utilities, commercial, and residential markets
- None.
Vancouver, British Columbia--(Newsfile Corp. - October 2, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company"), an energy technology company dedicated to innovation and sustainability, has begun its final stage of testing prior to the planned official launch of its two flagship 20kWh products in November, 2024.
Energy Plug's 20kWh energy pole and pad-mounted units offer an innovative solution by addressing common challenges in small-scale battery systems. Unlike traditional systems that connect batteries in series to reach higher DC voltages often leading to increased costs and susceptibility to open circuit failures if one battery fails, Energy Plug's technology connects batteries in parallel, utilizing advanced DC-DC converters. Our 20kWh units also come fully integrated with DC-DC, DC-AC, BMS, cooling systems, and controllers, providing a complete package for distributed energy resources (DERs). Additionally, the system can be enhanced with our in-house Energy Management System (EMS), offering advanced control over third-party assets like generators, renewable energy sources, and grid interaction, making it a highly versatile and resilient energy storage solution.
Energy Plug has identified significant market gaps in the traditional Battery Storage market. While utilities are a primary customer for traditional Grid Scale Batteries, Energy Plug working alongside partners like BC Hydro have developed a novel game changing system for both utility and commercial customers.
"We are eager to get our products in the market so that both new customers and the capital markets can fully understand our story. It's exciting to see our products reach this important milestone as we get ready for installations and product demonstrations in November," said Energy Plug's CEO Broderick Gunning.
Energy Plug is now entering its commercialization phase, with a wide range of battery storage and energy delivery systems targeted to utilities, commercial, and residential applications.
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 testing, functionality, efficiency, advantages, commercialization and planned release of the pad-mounted units and other new products.
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 the ability to finalize a binding agreement with GUS TECH, 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 are 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/225370
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