Energy Plug Technologies Corp. Expands into the U.S. Market Through Supply Agreement with GGVentures of the Carolinas
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 Corp. (OTCQB: PLGGF) ha firmato un accordo strategico di fornitura con GGVentures of the Carolinas (GGV) per entrare nel mercato statunitense dello stoccaggio energetico. La partnership sfrutta l'ampia esperienza di GGV nei progetti di infrastrutture energetiche, con un valore complessivo di oltre 5 miliardi di dollari.
L'accordo permette a Energy Plug di accedere all'impianto di produzione di batterie ad alta capacità di SEETEL New Energy a Taiwan, con una capacità produttiva annua di 3GWh. La collaborazione include diritti di vendita illimitati negli Stati Uniti, servizi di supporto completi e una struttura di commissioni per Energy Plug sugli ordini facilitati.
Energy Plug Technologies Corp. (OTCQB: PLGGF) ha firmado un acuerdo estratégico de suministro con GGVentures of the Carolinas (GGV) para ingresar al mercado estadounidense de almacenamiento de energía. La asociación aprovecha la amplia experiencia de GGV en proyectos de infraestructura energética, con un valor acumulado de más de 5 mil millones de dólares.
El acuerdo permite a Energy Plug acceder a la planta de producción de baterías de alta capacidad de SEETEL New Energy en Taiwán, que cuenta con una capacidad de producción anual de 3GWh. La colaboración incluye derechos de venta ilimitados en EE. UU., servicios de soporte completos y una estructura de comisiones para Energy Plug por los pedidos facilitados.
Energy Plug Technologies Corp. (OTCQB: PLGGF)가 미국 에너지 저장 시장 진출을 위해 GGVentures of the Carolinas (GGV)와 전략적 공급 계약을 체결했습니다. 이 파트너십은 50억 달러 이상의 프로젝트 가치를 보유한 GGV의 에너지 인프라 프로젝트 경험을 활용합니다.
이 계약을 통해 Energy Plug는 대만 SEETEL New Energy의 연간 3GWh 생산 능력을 갖춘 대용량 배터리 생산 시설에 접근할 수 있습니다. 협력에는 미국 내 무제한 판매 권한, 종합 지원 서비스, 그리고 Energy Plug가 중개한 주문에 대한 수수료 구조가 포함됩니다.
Energy Plug Technologies Corp. (OTCQB : PLGGF) a signé un accord stratégique de fourniture avec GGVentures of the Carolinas (GGV) pour pénétrer le marché américain du stockage d'énergie. Ce partenariat s'appuie sur l'expertise étendue de GGV dans les projets d'infrastructures énergétiques, avec une valeur de projet cumulée de plus de 5 milliards de dollars.
L'accord permet à Energy Plug d'accéder à l'installation de production de batteries haute capacité de SEETEL New Energy à Taïwan, qui dispose d'une capacité de production annuelle de 3 GWh. La collaboration inclut des droits de vente illimités aux États-Unis, des services de support complets, ainsi qu'une structure de commission pour Energy Plug sur les commandes facilitées.
Energy Plug Technologies Corp. (OTCQB: PLGGF) hat eine strategische Liefervereinbarung mit GGVentures of the Carolinas (GGV) unterzeichnet, um in den US-amerikanischen Energiespeichermarkt einzutreten. Die Partnerschaft nutzt die umfangreiche Erfahrung von GGV in Energieinfrastrukturprojekten mit einem Projektvolumen von über 5 Milliarden US-Dollar.
Die Vereinbarung ermöglicht Energy Plug den Zugang zur Hochkapazitäts-Batterieproduktionsanlage von SEETEL New Energy in Taiwan mit einer jährlichen Produktionskapazität von 3 GWh. Die Zusammenarbeit beinhaltet uneingeschränkte Vertriebsrechte in den USA, umfassende Unterstützungsleistungen und eine Provisionsstruktur für Energy Plug bei vermittelten Bestellungen.
- 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
- 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
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
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