Energy Plug Technologies Corp. Engages Moneta Securities for Next Stage of Financing for Malahat Battery Technologies
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) has announced a strategic partnership with Moneta Securities (Alberta) Corp. to support the financing and construction of the Malahat Battery Technologies plant. This facility, a joint venture between Energy Plug and the Malahat Nation, will produce large-scale energy storage solutions for utility and off-grid customers.
CEO Broderick Gunning emphasized the priority of rapid construction to meet immediate customer needs. Moneta, led by Founding Partner Erin Campbell, brings expertise in capital strategies for energy infrastructure projects and a history of partnering with First Nations communities. The collaboration aims to ensure timely construction and full operational capability of the plant to serve the market's energy storage needs.
This partnership underscores Energy Plug's commitment to addressing the global demand for energy storage infrastructure, focusing on providing efficient, sustainable solutions for the future.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ha annunciato una partnership strategica con Moneta Securities (Alberta) Corp. per supportare il finanziamento e la costruzione della fabbrica di Malahat Battery Technologies. Questo impianto, una joint venture tra Energy Plug e la Nazione Malahat, produrrà soluzioni di stoccaggio energetico su larga scala per i clienti di servizi pubblici e quelli off-grid.
Il CEO Broderick Gunning ha sottolineato l'importanza di una rapida costruzione per soddisfare le esigenze immediate dei clienti. Moneta, guidata dal Partner Fondatore Erin Campbell, porta una competenza nelle strategie di capitale per progetti di infrastruttura energetica e una storia di collaborazione con le comunità delle Prime Nazioni. La collaborazione mira a garantire una costruzione tempestiva e una piena operatività dell'impianto per rispondere alle necessità di stoccaggio energetico del mercato.
Questa partnership sottolinea l'impegno di Energy Plug nel soddisfare la domanda globale di infrastrutture di stoccaggio energetico, concentrandosi sull'offerta di soluzioni efficienti e sostenibili per il futuro.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ha anunciado una asociación estratégica con Moneta Securities (Alberta) Corp. para apoyar la financiación y construcción de la planta de Malahat Battery Technologies. Esta instalación, una empresa conjunta entre Energy Plug y la Nación Malahat, producirá soluciones de almacenamiento de energía a gran escala para clientes de servicios públicos y fuera de la red.
El CEO Broderick Gunning enfatizó la prioridad de una construcción rápida para satisfacer las necesidades inmediatas de los clientes. Moneta, dirigida por la Socia Fundadora Erin Campbell, aporta experiencia en estrategias de capital para proyectos de infraestructura energética y una trayectoria de colaboración con comunidades de Primeras Naciones. La colaboración tiene como objetivo garantizar la construcción oportuna y la plena capacidad operativa de la planta para atender las necesidades de almacenamiento de energía del mercado.
Esta asociación subraya el compromiso de Energy Plug de abordar la demanda global de infraestructura de almacenamiento de energía, centrándose en proporcionar soluciones eficientes y sostenibles para el futuro.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ)는 Moneta Securities (Alberta) Corp.와 Malahat Battery Technologies 공장의 자금 조달 및 건설을 지원하기 위한 전략적 파트너십을 발표했습니다. 이 시설은 Energy Plug와 Malahat Nation 간의 합작 투자로, 유틸리티 및 오프 그리드 고객을 위한 대규모 에너지 저장 솔루션을 생산할 것입니다.
CEO Broderick Gunning은 즉각적인 고객 요구를 충족하기 위해 빠른 건설의 우선성을 강조했습니다. 창립 파트너 Erin Campbell이 이끄는 Moneta는 에너지 인프라 프로젝트를 위한 자본 전략에 대한 전문성과 원주율 공동체와의 파트너십 이력을 가지고 있습니다. 이 협력은 시장의 에너지 저장 수요에 부응하기 위해 공장의 적시 건설과 완전 운영 가능성을 보장하는 것을 목표로 합니다.
이 파트너십은 Energy Plug가 에너지 저장 인프라에 대한 글로벌 수요에 대응하기 위한 헌신을 강조하며, 미래를 위한 효율적이고 지속 가능한 솔루션을 제공하는 데 집중하고 있습니다.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) a annoncé un partenariat stratégique avec Moneta Securities (Alberta) Corp. pour soutenir le financement et la construction de l'usine de Malahat Battery Technologies. Cette installation, une coentreprise entre Energy Plug et la Nation Malahat, produira des solutions de stockage d'énergie à grande échelle pour les clients des services publics et hors réseau.
Le PDG Broderick Gunning a souligné l'importance d'une construction rapide pour répondre aux besoins immédiats des clients. Moneta, dirigée par la partenaire fondatrice Erin Campbell, apporte son expertise en stratégies de capital pour des projets d'infrastructure énergétique et une expérience de partenariat avec des communautés des Premières Nations. La collaboration vise à garantir une construction en temps voulu et une pleine capacité opérationnelle de l'usine pour répondre aux besoins de stockage d'énergie du marché.
Ce partenariat souligne l'engagement d'Energy Plug à répondre à la demande mondiale en infrastructures de stockage d'énergie, en se concentrant sur l'offre de solutions efficaces et durables pour l'avenir.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) hat eine strategische Partnerschaft mit Moneta Securities (Alberta) Corp. bekannt gegeben, um die Finanzierung und den Bau der Malahat Battery Technologies Anlage zu unterstützen. Diese Einrichtung, ein Joint Venture zwischen Energy Plug und der Malahat Nation, wird energiespeicherlösungen in großem Maßstab für Versorgungsunternehmen und Off-Grid-Kunden produzieren.
CEO Broderick Gunning betonte die Priorität eines schnellen Baufortschritts, um den unmittelbaren Kundenbedürfnissen gerecht zu werden. Moneta, geleitet von der Gründungspartnerin Erin Campbell, bringt Fachkenntnis in Kapitalstrategien für Energieinfrastrukturprojekte und eine Geschichte der Zusammenarbeit mit Gemeinschaften der First Nations mit. Die Zusammenarbeit zielt darauf ab, einen rechtzeitigen Bau und die volle Betriebsfähigkeit der Anlage sicherzustellen, um auf die Energiebedarf des Marktes einzugehen.
Diese Partnerschaft unterstreicht das Engagement von Energy Plug, der globalen Nachfrage nach Energiespeicherinfrastruktur gerecht zu werden und sich auf die Bereitstellung effizienter, nachhaltiger Lösungen für die Zukunft zu konzentrieren.
- Strategic partnership with Moneta Securities for financing support
- Joint venture with Malahat Nation for battery plant construction
- Potential to meet growing demand for advanced battery systems
- Focus on serving key customers in utility and off-grid sectors
- None.
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company"), a leader in sustainable energy technologies, is pleased to announce its strategic partnership with Moneta Securities (Alberta) Corp. ("Moneta") to support the financing and construction of the Malahat Battery Technologies plant. This facility is dedicated to delivering large-scale energy storage solutions for utility and off-grid customers.
The Malahat plant, a joint venture between Energy Plug and the Malahat Nation, is positioned to meet the growing demand for advanced battery systems. The plant will serve key customers requiring sustainable energy storage technologies to enhance grid resilience and off-grid applications.
"Our priority is the rapid construction of this facility to meet the immediate needs of our customers," said Broderick Gunning, CEO of Energy Plug Technologies. "This plant will be critical in supplying scalable, reliable battery solutions to utility companies and other large-scale users. Our partnership with Moneta will ensure we secure the necessary financing to make this vision a reality."
Moneta, led by Founding Partner Erin Campbell, brings a wealth of experience in advising on capital strategies for energy infrastructure projects along with a longstanding commitment to partnering with First Nations communities. Their expertise will support Energy Plug's focus on timely construction, ensuring the Malahat plant is fully operational and capable of serving the market's energy storage needs. This collaboration is designed to harness the expertise of both Energy Plug and Moneta in executing large-scale, energy infrastructure projects like the Malahat Battery Plant.
"Moneta is fully committed to supporting the construction of the Malahat Battery plant, which will deliver innovative energy storage systems to key customers," said Erin Campbell, CEO of Moneta. "Our role is to ensure the project is financed and moves ahead to provide clean, scalable storage solutions to utilities and beyond."
The Malahat plant is a cornerstone of Energy Plug's commitment to addressing the urgent global need for energy storage infrastructure. By focusing on construction and customer satisfaction, Energy Plug aims to lead the market in providing efficient, sustainable solutions to power the future.
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.
About Moneta Securities (Alberta) Corp.
Moneta is a leading financial advisory firm with deep expertise in capital markets, energy infrastructure, and indigenous partnerships. With a strong track record of advising management on the successful raising of capital for large scale projects and growth stage companies projects, Moneta provides tailored financial solutions that drive growth and long-term success. www.monetasecurities.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, financing, developing and construction of the Malahat Battery Plant and other large scale energy projects, production and sale of cutting-edge battery systems for utilities and other large-scale 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/225416
FAQ
What is the purpose of Energy Plug Technologies' partnership with Moneta Securities?
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