Energy Plug Technologies Corp. Expands into the U.S. Market Through Supply Agreement with GGVentures of the Carolinas

Rhea-AI Summary

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.

Positive

• First strategic entry into the U.S. energy storage market through established partner GGV
• Access to SEETEL's 3GWh annual battery production capacity ensures reliable supply chain
• Unrestricted U.S. sales rights enable nationwide expansion opportunities
• Partnership with GGV brings access to $5B worth of energy infrastructure project experience
• Recurring revenue potential through ongoing commission structure

Negative

• Dependence on Taiwan-based manufacturing facility may pose supply chain risks
• Success relies heavily on new partnership execution with GGV

Vancouver, British Columbia--(Newsfile Corp. - July 10, 2025) - Energy Plug Technologies Corp., (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("EPT", "Energy Plug" or the "Company") is pleased to announce it has signed a supply agreement with GGVentures of the Carolinas, LLC ("GGV"), unlocking a new chapter in its North American deployment strategy. The agreement solidifies Energy Plug's and its partner Malahat Battery Technologies Corp.'s ("MBT") strategic foothold in the U.S. energy storage market, beginning with a multi-phase product supply rollout and sustained commission structure.

Under the agreement, GGV-an experienced energy sector venture firm based in South Carolina-will purchase utility-grade energy storage products via Energy Plug and its exclusive supply channel with SEETEL New Energy ("SEETEL"), manufactured at SEETEL's Taiwan-based Aurosi facility. Energy Plug will examine ongoing commissions on all orders facilitated through this relationship and supply service when needed.

GGV brings deep, hands-on operational expertise to the partnership. The firm has led every phase in the lifecycle of large-scale capital projects, including planning, engineering, construction, operations, and decommissioning, with a track record totaling over US$5 billion in global energy and infrastructure project value. Their involvement not only ensures highly professional project execution, but also gives Energy Plug direct access to key U.S. markets, utility relationships, and mission-critical asset development capabilities.

Key Highlights of the Agreement:

• Strategic U.S. Entry: First formal supply and sales channel into the U.S., via GGVentures of the Carolinas.

• Scalable Product Pipeline: Access to SEETEL New Energy's high-capacity battery production (3GWh annually and expanding), ensuring reliable delivery for both initial and future orders.

• Sales Boundary-Free: The agreement explicitly enables unbounded U.S. sales, allowing Energy Plug and its partners to pursue large-scale utility, commercial, and municipal projects nationwide.

• Support and Integration: GGV, MBT, and EPT will collaborate on sales engineering,customer support, and system commissioning to ensure successful integration of SEETEL's energy storage technologies.

• High-Level Commitment: The parties have committed to multi-stage shipment logistics, customized quality control benchmarks, and joint problem-solving for rapid delivery and support.

This agreement represents a critical step in scaling Energy Plug's battery pipeline across U.S. territories, aligning with increasing federal incentives and commercial demand for resilient, grid secure solutions. The collaboration also builds upon the Company's Malahat Nation-backed Indigenous leadership, offering not just best-in-class battery tech, but socially responsible energy innovation.

"This agreement establishes our first active U.S. distribution and deployment channel," said Paul Dickson, CEO of Energy Plug. "It accelerates our goal of becoming a continental leader in secure, utility-scale storage, and it does so with partners who share our values around clean energy, sovereignty, and innovation."

About Energy Plug Technologies Corp.

Energy Plug Technologies Corp. is a leader in secure and resilient energy storage solutions, advancing next-generation battery technologies for residential, commercial, and utility applications. The Company is committed to enhancing grid stability, cybersecurity, and sustainable energy adoption, working in collaboration with leading technology firms, government agencies, and Indigenous communities.

For more information, visit https://energyplug.com.

Contact:

Energy Plug Technologies Corp.
Paul Dickson CEO, Director
info@energyplug.com
(604) 283-1262

Forward-Looking Statements

This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, unce1tainties and other factors that may cause Energy Plug Technologies Corp.'s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility för the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258345

FAQ

What is the significance of Energy Plug Technologies' (PLGGF) supply agreement with GGVentures?

The agreement marks Energy Plug's first formal entry into the U.S. energy storage market, providing access to GGV's extensive energy infrastructure experience and establishing a strategic distribution channel.

What is the production capacity available to PLGGF through the SEETEL partnership?

Through SEETEL New Energy's Taiwan-based Aurosi facility, Energy Plug has access to 3GWh annual production capacity with potential for expansion.

How much project experience does GGVentures bring to the PLGGF partnership?

GGVentures brings over $5 billion in global energy and infrastructure project value experience, covering planning, engineering, construction, operations, and decommissioning.

What are the sales limitations for Energy Plug Technologies in the U.S. market?

The agreement provides unbounded U.S. sales rights, allowing Energy Plug to pursue utility, commercial, and municipal projects nationwide without territorial restrictions.

How will Energy Plug Technologies generate revenue from this agreement?

Energy Plug will earn ongoing commissions on all orders facilitated through the GGV relationship and will provide supply services as needed.