ENERGY PLUG TECHNOLOGIES ORD - PLGGF STOCK NEWS

Energy Plug Technologies has unveiled its Energy-as-a-Service (EaaS) model, integrating advanced battery storage systems with blockchain technology and cryptocurrency. The system combines ground-mounted batteries for storing surplus energy with an Energy Management System for real-time supply-demand balancing. The model features subscription-based pricing and Service Level Agreements, offering blackout protection and cost reduction for commercial, industrial, and residential customers. The integration of cryptocurrency aims to enable faster transactions and transparent financial operations through blockchain-based treasury systems.

Energy Plug Technologies has launched its innovative Off-Grid EV Charging Station, designed to support electric vehicle infrastructure in remote and underserved areas. The station incorporates the company's Battery Energy Storage System (BESS) and renewable energy technology, offering units ranging from 20 kWh to 500 kWh capacity. The system features Level 2 and Level 3 fast charging compatibility, solar panels, wind turbines, and grid connection options.

The station includes remote monitoring capabilities for real-time tracking of energy production, usage, and system health. Its modular design makes it suitable for deployment in various locations, from remote highways and rural communities to urban areas, while also serving as a backup during power outages.

Energy Plug Technologies has launched its plug-and-play Battery Energy Storage System (BESS) Mining Rig Containers, designed for cryptocurrency mining operations. The EPTMINER-V1 container supports over 190 miners and features advanced battery storage systems for energy optimization. The containers are compatible with multiple power sources, including grid power, solar, and wind, offering load balancing and peak shaving capabilities. Built to ISO standards with dimensions of 6058 x 2438 x 2896 mm, they include safety certifications like NFPA 79:2021 and UL 508A:2018. The system features real-time monitoring, advanced cooling, and fire suppression technology.

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 and EdgeTunePower have partnered to develop a Canadian-made Energy Management System (EMS). The collaboration combines Energy Plug's battery expertise with EdgeTunePower's decentralized grid systems technology. The system will manage energy distribution across residential, commercial, and utility applications, supporting capacities from 20 kWh residential systems to large-scale utility installations. The initiative aligns with the growing energy management market, valued at USD 31.76 billion in 2023 and projected to reach USD 112.32 billion by 2032. The EMS will feature real-time power management, hardware-in-the-loop testing, and intelligent resource allocation for AI data centers and hydrogen facilities.

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) has appointed Travis Gabert as its new Vice President of Sales. With 29 years of experience in the battery storage and energy solutions sector, Gabert will lead the commercial rollout of Energy Plug's product portfolio. His expertise spans cell manufacturing, battery system design, and assembly, with leadership roles in OEM battery solutions across various industries.

Gabert will play a important role in introducing the company's next-generation battery storage systems, including those developed through a joint venture with Malahat Battery Technologies Corp. These systems are designed for diverse sectors such as utilities, mining, data centers, and residential applications. As a member of the Haida Nation, Gabert expressed excitement about contributing to a company focused on energy innovation and Indigenous-led projects.

CEO Broderick Gunning highlighted Gabert's unique combination of technical and sales expertise, emphasizing his potential to expand Energy Plug's customer base and accelerate sales growth as the company enters a new phase of commercialization.

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) 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.