ENERGY PLUG TECHNOLOGIES ORD Stock Price, News & Analysis

Energy Plug Technologies (OTCQB:PLGGF) has announced the engagement of Dan Mathieson as an advisor, granting him 600,000 restricted share units (RSUs) with a 5-year term. Mr. Mathieson brings extensive experience as the former five-term Mayor of Stratford, Ontario, and Chair of the Municipal Property Assessment Corporation (MPAC).

The RSUs are performance-based, contingent on achieving specific milestones including: closing four Ontario energy projects worth over $10 million each, securing a Long-Term 2 RFP award in Ontario, and completing a confidential project. The RSUs are subject to a four-month statutory hold period under Canadian securities laws.

Energy Plug Technologies Corp. (OTCQB: PLGGF) provided a comprehensive Q2 2025 corporate update highlighting significant operational progress. The company, in partnership with Malahat Battery Technologies, is focusing on Canadian-designed secure energy systems. Key developments include a strategic partnership with SEETEL New Energy for non-China supply chain solutions, pending UL certification for a 5MWh containerized battery storage solution expected in September 2025, and executive team expansion with new CTO and CFO appointments.

The company is involved in multiple multimillion-dollar projects with 3GA Marine Ltd. and BC Hydro for port electrification. Energy Plug has also strengthened its position through Canadian technology partnerships, advanced R&D collaborations with Quantum eMotion Corp and Hillcrest Energy Technologies, and improved its financial position from negative to positive working capital since December 2024.

Energy Plug Technologies Corp. (OTCQB: PLGGF) has signed a strategic supply agreement with GGVentures of the Carolinas (GGV) to enter the U.S. energy storage market. The partnership leverages GGV's extensive experience in energy infrastructure projects, with a track record of over $5 billion in project value.

The agreement enables Energy Plug to access SEETEL New Energy's high-capacity battery production facility in Taiwan, which has 3GWh annual production capacity. The collaboration includes unrestricted U.S. sales rights, comprehensive support services, and a commission structure for Energy Plug on facilitated orders.

Energy Plug Technologies (OTCQB:PLGGF) has strengthened its strategic alliance with SEETEL New Energy, securing exclusive rights to distribute SEETEL's energy storage systems in Canada under the co-brand "MBT-SEETEL". The partnership includes 1 GWh annual dedicated capacity for Canadian markets and plans for expansion across the Americas.

The collaboration will be executed through Malahat Battery Technologies (MBT), a joint venture 51% owned by Malahat First Nation and 49% by Energy Plug. SEETEL, backed by global leaders like ACER and Chailease Holding, operates through its subsidiary Aurosi Precision in Taiwan with a 3 GWh annual production capacity.

Energy Plug Technologies (OTCQB:PLGGF) has secured a major strategic partnership with SEETEL New Energy, a Taiwanese energy storage solutions provider. The collaboration grants Energy Plug exclusive rights to distribute SEETEL's energy storage systems under the MBT-SEETEL brand in Canada, with expansion plans across the Americas.

Through Malahat Battery Technologies (MBT), a joint venture 51% owned by Malahat First Nation and 49% by Energy Plug, the partnership will deploy sustainable energy storage solutions. SEETEL has allocated 1 GWh annual production capacity exclusively for Canadian markets from its Taiwan facility, which has a total capacity of 3 GWh.

Energy Plug Technologies Corp. (PLGGF) has announced the engagement of Atlas Strategic Advisors as its strategic advisors. Cody Mallette, Managing Director of Atlas, who brings extensive experience in government relations and regulatory affairs, will lead the advisory role.

As part of the engagement, the company has granted 600,000 restricted share units (RSUs) to Mallette and Atlas, valid for 5 years. Additionally, the company has granted 1,100,000 RSUs to consultants and 1,500,000 stock options to officers and consultants, with 500,000 options exercisable at $0.18 per share and 1,000,000 at $0.165 per share.

The company also announced a warrant amendment extending the expiry date of 7,800,000 warrants from September 14, 2025, to September 14, 2026, maintaining the exercise price at $0.10. The amendment requires Canadian Securities Exchange approval.

Energy Plug Technologies Corp (CSE: PLUG) (OTCQB: PLGGF) has announced the appointment of Rebecca Hudson as Chief Financial Officer. Hudson brings over 26 years of experience in accounting, financial reporting, corporate finance, risk management, financial audit, and corporate governance.

Hudson, a Chartered Professional Accountant (CPA, CA), holds a Bachelor's Degree and Masters of Accounting from the University of Waterloo. Her extensive experience spans various industries, including mining and exploration, oil and gas, cannabis, manufacturing and retail, and not-for-profit. She has previously served as CFO and consultant for multiple publicly-listed resource companies with projects across North and South America and Europe.

The company has bid farewell to outgoing CFO, Connie Hang.

Energy Plug Technologies (CSE: PLUG) (OTCQB: PLGGF) has appointed John Keith King to its Advisory Board. Mr. King brings extensive expertise in secure communications, enterprise architecture, and AI-driven cybersecurity, having previously served as Lead Engineer for the U.S. Presidential Direct Communications Link between The White House and the Kremlin.

His distinguished career includes key positions at USSPACECOM, USAFRICOM, the Joint Chiefs of Staff, and the U.S. Department of State. In his new advisory role, King will focus on expanding Energy Plug's market presence in government and defense energy procurement, strengthening industry partnerships, and integrating advanced cybersecurity measures into energy storage solutions.

The appointment aligns with Energy Plug's strategy to enhance its position in resilient, quantum-secure energy solutions and leverage King's extensive network of industry leaders, government officials, and military stakeholders to secure high-value partnerships.

Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) has successfully closed the second and final tranche of its non-brokered private placement, raising $50,000 through the issuance of 333,333 units at $0.15 per unit. Each unit includes one common share and one warrant exercisable at $0.25 for one year.

The total private placement was oversubscribed, raising aggregate gross proceeds of $1,217,999 through the issuance of 8,119,993 units. The securities will have a four-month plus one day regulatory hold period. The company plans to use the net proceeds for general working capital purposes. No finder's fees were paid for the final tranche.