RETRANSMISSION: Energy Plug Technologies and SEETEL New Energy Amplify Strategic Alliance with Exclusive Canadian Rights and Americas Expansion
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) ha rafforzato la sua alleanza strategica con SEETEL New Energy, assicurandosi i diritti esclusivi per distribuire i sistemi di accumulo di energia di SEETEL in Canada sotto il marchio congiunto "MBT-SEETEL". La partnership prevede una capacità dedicata annuale di 1 GWh per i mercati canadesi e piani di espansione in tutto il continente americano.
La collaborazione sarà realizzata tramite Malahat Battery Technologies (MBT), una joint venture di cui il 51% è di proprietà della Malahat First Nation e il 49% di Energy Plug. SEETEL, supportata da leader globali come ACER e Chailease Holding, opera attraverso la sua controllata Aurosi Precision a Taiwan con una capacità produttiva annuale di 3 GWh.
Energy Plug Technologies (OTCQB:PLGGF) ha fortalecido su alianza estratégica con SEETEL New Energy, asegurando los derechos exclusivos para distribuir los sistemas de almacenamiento de energía de SEETEL en Canadá bajo la marca conjunta "MBT-SEETEL". La asociación incluye una capacidad anual dedicada de 1 GWh para los mercados canadienses y planes de expansión en toda América.
La colaboración se llevará a cabo a través de Malahat Battery Technologies (MBT), una empresa conjunta en la que el 51% pertenece a Malahat First Nation y el 49% a Energy Plug. SEETEL, respaldada por líderes globales como ACER y Chailease Holding, opera a través de su subsidiaria Aurosi Precision en Taiwán con una capacidad de producción anual de 3 GWh.
Energy Plug Technologies (OTCQB:PLGGF)는 SEETEL New Energy와의 전략적 제휴를 강화하여 캐나다에서 SEETEL의 에너지 저장 시스템을 공동 브랜드 "MBT-SEETEL"로 독점 유통할 권리를 확보했습니다. 이 파트너십에는 캐나다 시장을 위한 연간 1GWh 전용 생산 능력과 미주 전역으로의 확장 계획이 포함되어 있습니다.
이 협력은 Malahat Battery Technologies (MBT)를 통해 진행되며, MBT는 Malahat First Nation이 51%, Energy Plug가 49% 지분을 소유한 합작 투자 회사입니다. ACER와 Chailease Holding 같은 글로벌 리더들이 후원하는 SEETEL은 대만의 자회사 Aurosi Precision을 통해 연간 3GWh 생산 능력을 보유하고 있습니다.
Energy Plug Technologies (OTCQB:PLGGF) a renforcé son alliance stratégique avec SEETEL New Energy, obtenant les droits exclusifs de distribution des systèmes de stockage d'énergie de SEETEL au Canada sous la co-marque "MBT-SEETEL". Le partenariat inclut une capacité annuelle dédiée de 1 GWh pour les marchés canadiens et des plans d'expansion à travers les Amériques.
La collaboration sera réalisée via Malahat Battery Technologies (MBT), une coentreprise détenue à 51 % par la Malahat First Nation et à 49 % par Energy Plug. SEETEL, soutenue par des leaders mondiaux tels qu'ACER et Chailease Holding, opère par l'intermédiaire de sa filiale Aurosi Precision à Taïwan avec une capacité de production annuelle de 3 GWh.
Energy Plug Technologies (OTCQB:PLGGF) hat seine strategische Allianz mit SEETEL New Energy gestärkt und sich die exklusiven Vertriebsrechte für SEETELs Energiespeichersysteme in Kanada unter der Co-Brand "MBT-SEETEL" gesichert. Die Partnerschaft umfasst eine jährliche dedizierte Kapazität von 1 GWh für den kanadischen Markt sowie Expansionspläne in ganz Amerika.
Die Zusammenarbeit wird über Malahat Battery Technologies (MBT) umgesetzt, ein Joint Venture, das zu 51 % im Besitz der Malahat First Nation und zu 49 % von Energy Plug ist. SEETEL, unterstützt von globalen Führern wie ACER und Chailease Holding, operiert über seine Tochtergesellschaft Aurosi Precision in Taiwan mit einer jährlichen Produktionskapazität von 3 GWh.
- None.
- Heavy reliance on Taiwan-based production may pose supply chain risks
- Significant competition in the energy storage market across North America
Vancouver, British Columbia--(Newsfile Corp. - July 7, 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/257882
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