Welcome to our dedicated news page for PACIFIC GREEN TECHS (Ticker: PGTK), a resource for investors and traders seeking the latest updates and insights on PACIFIC GREEN TECHS.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PACIFIC GREEN TECHS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PACIFIC GREEN TECHS's position in the market.
Rhea-AI Summary
Pacific Green Technologies, Inc. is targeting more than 12GWh of battery energy storage capacity across four global markets, with a focus on utility-scale battery energy storage systems (BESS) in Australia, Italy, the UK, and Poland. The company is aiming to achieve rapid pipeline growth and expand its origination portfolio in these markets, with specific targets for each region. Scott Poulter, Pacific Green’s Chief Executive, emphasized the importance of battery storage in advancing the energy transition and highlighted the company's focus on building international relationships to make a real difference in the sector.
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Pacific Green (PGTK) battery storage project at Richborough Energy Park in Kent is now connected and energized on the electricity transmission network, boosting capacity and flexibility, with a capability to power 250,000 homes for an hour. The facility will provide grid stability services and help manage voltage and frequency imbalances. National Grid upgraded its Richborough substation to accommodate the project, marking key progress on Britain’s clean energy journey.
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4.69%
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Rhea-AI Summary
Pacific Green Technologies, Inc. (PGTK) has made significant progress in its mission to build a global pipeline of grid-scale Battery Energy Storage Systems (BESS). The company has reached key strategic milestones, securing agreements for international BESS sites approaching 6 GWh of energy storage capacity. The UK pipeline projects, Richborough and Sheaf, have been sold for enterprise values of £74 million and £210 million, respectively. The company has also expanded its BESS interests into Italy and Australia, acquiring shares in battery energy parks with a total capacity of up to 2.8 GWh in Italy and securing land for projects in Australia with a combined capacity of 1.5 GW / 3.0 GWh. Pacific Green's CEO, Scott Poulter, expressed optimism about the company's future as a major global player in the battery energy storage market.
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-7.69%
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Pacific Green Technologies, Inc. (PGTK) announces a partnership with SSE Energy Supply Limited for trading and optimization services for the Sheaf Energy Park battery energy storage system in Kent, England. The agreement spans 10 years, with commercial operations expected to begin in July 2025.
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1.47%
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Pacific Green Technologies, Inc. (PGTK) through its subsidiary, Pacific Green Battery Energy Park (Italia) Srl, has acquired 51% of the shares in five Italian battery energy storage system (BESS) projects from Sphera Energy Srl. The remaining 49% will be acquired upon reaching development milestones. The first 100MW project in Campania is in the permitting stage, with the remaining four to follow. All five projects are expected to be fully permitted by Q4 2024, with Pacific Green managing design and construction. The projects will commence operation in late 2025, contributing to Italy's energy storage market growth. The partnership aims to support Italy's and the EU's Net-Zero targets, with an estimated energy capacity of 2-3 gigawatt hours.
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Pacific Green (Ticker: PGTK) announces the successful handover of the first stage of the 99.8 MWh Richborough Battery Energy Park to Shell Energy Europe Limited for dispatch trading and optimization services. The completion of testing and commissioning, along with the control handover to Shell, marks a significant milestone towards full commercial operation by the end of 2023. This partnership aims to support the UK's transition to a flexible and low-carbon energy system.
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8.33%
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Pacific Green Technologies, Inc. (PGTK) has announced an exclusivity agreement for a 0.5 GW / 1.0 GWh battery energy park in South Australia, set to be the largest in the region, reducing energy costs and supporting the state's net-zero transition.
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13.33%
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Pacific Green Technologies, Inc. (OTCQB: PGTK) has sold 100% of the shares in Pacific Green Battery Energy Parks 2 Limited to Sosteneo Fund 1 HoldCo S.à.r.l. for £210 million (US$258 million). Sosteneo will fully fund the development and construction of Sheaf Energy Park, a 249 MW / 373.5 MWh battery energy storage system in Kent, England.
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9.76%
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Pacific Green Technologies, Inc. has secured a £120 million senior debt facility for the development and construction of the Sheaf Energy Park battery energy storage system in Kent, England. The facility is provided by NatWest and UK Infrastructure Bank Limited, with each contributing £60 million. Repayment will occur over a 10-year period upon the start of commercial operations.
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2.5%
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Pacific Green Technologies appoints Dane Wilkins as Managing Director of its Pacific Green Energy Parks Europe division.
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PACIFIC GREEN TECHS
OTC:PGTK
PGTK Rankings
PGTK Stock Data
23.61M
36.26M
36.54%
Facilities Support Services
Administrative and Support and Waste Management and Remediation Services
United States of America
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About PGTK
pacific green technologies inc (pgtk) is an environmental services company based out of 5205 prospect rd, san jose, ca, united states.