Energy Plug Technologies and SEETEL New Energy Amplify Strategic Alliance with Exclusive Canadian Rights and Americas Expansion
Rhea-AI Summary
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.
Positive
- Secured exclusive distribution rights for SEETEL's energy storage systems in Canada
- Dedicated 1 GWh annual production capacity allocated for Canadian market
- Strategic partnership backed by global leaders including ACER and Chailease Holding
- Expansion potential into U.S., Mexico, and Latin American markets
- 51/49 joint venture with Malahat First Nation provides strong local partnership
Negative
- Heavy reliance on Taiwan-based production may present supply chain risks
- Will face significant competition in the expanding energy storage market
News Market Reaction
On the day this news was published, PLGGF gained 21.46%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - July 4, 2025) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug") and SEETEL New Energy Co., Ltd. ("SEETEL"), a leading Taiwanese energy storage solutions provider, today announced a significant strategic partnership. This collaboration grants Energy Plug exclusive rights to distribute and commercialize SEETEL's advanced energy storage systems under the co-brand "MBT-SEETEL"in Canada, with plans to expand into the United States, Mexico, and Latin America.
Key Strategic Highlights:
- Exclusive Canadian Distribution Rights: Energy Plug holds exclusive rights to distribute SEETEL's Taiwan-based production within Canada.
- Targeted Americas Expansion: Solutions will be deployed across the U.S., Mexico, and Latin America for critical infrastructure needs.
- Dedicated Canadian Capacity: 1 GWh annually secured for Canadian markets.
- Global-Scale Backing: Publicly listed company in Taiwan, supported by public capital market and global institutional investors.
- Strategic Applications: High-performance energy storage tailored for data centers, defense, and grid stability.
Through Malahat Battery Technologies Corp. ("MBT"), a joint venture majority-owned (
SEETEL's subsidiary Aurosi Precision in Taichung, Taiwan, features a robust 3 GWh annual battery module and cabinet production capacity. As part of the agreement, SEETEL has allocated 1 GWh annually exclusively for Canadian deployment. The company's shareholders include global leaders such as ACER and Chailease Holding (the leading independent power producer (IPP) in Taiwan), reinforcing SEETEL's strong financial and institutional backing.
About SEETEL New Energy Founded in 2017, SEETEL is a vertically integrated energy technology company offering end-to-end services—from battery module design and turnkey EPC delivery to long-term O&M and grid participation. Its proprietary GridLink EMS platform provides real-time analytics, strategic dispatch, and load balancing, while enabling access to ancillary services such as frequency regulation.
SEETEL is partnered with Schneider Electric, integrating its technologies with EcoStruxure™, Modicon controllers, PowerLogic meters, and advanced SCADA systems. The company's energy storage systems are trusted by global manufacturers and utility-scale integrators, with applications ranging from critical defense infrastructure and hyperscale data centers to municipal utility grids.
Strategic Focus and Market Reach This partnership targets high-security and high-uptime markets including data centers, national defense facilities, and utility grid networks. Energy Plug and SEETEL are currently in advanced discussions with government and utility stakeholders across British Columbia and Ontario. Additionally, plans for Canadian-based module manufacturing are under active consideration to localize supply chain capabilities.
"SEETEL's leadership in integrated, cyber-secure energy storage—backed by Schneider Electric, MOXA and Hitachi Energy—makes this alliance a cornerstone for Canadian energy sovereignty. Data centers, defense infrastructure, and utility grids will benefit from resilient, locally backed solutions," said Paul Dickson, CEO of Energy Plug.
About Energy Plug Technologies Corp. Energy Plug Technologies Corp. is a Canadian leader in advanced energy storage solutions, serving residential, commercial, and utility-scale markets with an emphasis on cybersecurity, grid resilience, and Indigenous economic development. For more information, visit www.energyplug.com.
Media Contact: Energy Plug Technologies Corp.
Paul Dickson, CEO
info@energyplug.com
+1 (604) 283-1262
Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable securities laws. These statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially. Neither the Canadian Securities Exchange nor its Market Regulator assumes responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257854
FAQ
What exclusive rights did Energy Plug Technologies (PLGGF) secure from SEETEL?
How much production capacity has SEETEL allocated to the Canadian market?
Who are the owners of Malahat Battery Technologies (MBT)?
What markets will Energy Plug's partnership with SEETEL target?
Who are SEETEL's major institutional backers?
