ENERGY PLUG TECHNOLOGIES ORD Stock Price, News & Analysis

Energy Plug Technologies Corp. (CSE: PLUG, OTCQB: PLGGF) has announced a strategic partnership with Greenwood Energy Corp. and Malahat Battery Technologies to launch a sustainable cryptocurrency mining operation in Greenwood, BC. The initiative focuses on developing Battery Energy Storage System (BESS) crypto mining containers for Dogecoin mining.

The project involves re-commissioning the Greenwood substation for an initial capacity of just under 1 megawatt (MW), with plans for future expansion. The operation will utilize solar power, heat storage systems, and additional renewable energy sources including run-of-river power. Malahat Battery Technologies will assemble advanced battery systems at the Greenwood workshop, which is strategically located near rail infrastructure for efficient distribution.

Energy Plug Technologies Corp (CSE: PLUG) (OTCQB: PLGGF) announces a non-brokered private placement of up to 17,142,857 units at $0.07 per unit, aiming to raise up to $1,200,000. Each unit includes one common share and one warrant exercisable at $0.10 for one year. The warrant includes an acceleration clause if shares trade at $0.15 for 20 consecutive days. Proceeds will fund R&D, product certification, trade payables, and working capital. The company also announced the resignation of CTO Ramtin Rasoulinezhad effective November 28, 2024.

Energy Plug Technologies has unveiled its Energy-as-a-Service (EaaS) model, integrating advanced battery storage systems with blockchain technology and cryptocurrency. The system combines ground-mounted batteries for storing surplus energy with an Energy Management System for real-time supply-demand balancing. The model features subscription-based pricing and Service Level Agreements, offering blackout protection and cost reduction for commercial, industrial, and residential customers. The integration of cryptocurrency aims to enable faster transactions and transparent financial operations through blockchain-based treasury systems.

Energy Plug Technologies has launched its innovative Off-Grid EV Charging Station, designed to support electric vehicle infrastructure in remote and underserved areas. The station incorporates the company's Battery Energy Storage System (BESS) and renewable energy technology, offering units ranging from 20 kWh to 500 kWh capacity. The system features Level 2 and Level 3 fast charging compatibility, solar panels, wind turbines, and grid connection options.

The station includes remote monitoring capabilities for real-time tracking of energy production, usage, and system health. Its modular design makes it suitable for deployment in various locations, from remote highways and rural communities to urban areas, while also serving as a backup during power outages.

Energy Plug Technologies has launched its plug-and-play Battery Energy Storage System (BESS) Mining Rig Containers, designed for cryptocurrency mining operations. The EPTMINER-V1 container supports over 190 miners and features advanced battery storage systems for energy optimization. The containers are compatible with multiple power sources, including grid power, solar, and wind, offering load balancing and peak shaving capabilities. Built to ISO standards with dimensions of 6058 x 2438 x 2896 mm, they include safety certifications like NFPA 79:2021 and UL 508A:2018. The system features real-time monitoring, advanced cooling, and fire suppression technology.

Energy Plug Technologies announces the launch of its 20 kWh Decentralized Battery System, designed for crypto mining, blockchain nodes, and AI operations in North America. The system, available for preorders in December 2024, features renewable-ready technology, advanced Energy Management System (EMS), and bi-directional PCS integration. The product aims to provide uninterrupted power supply for blockchain networks, IOT networks, and crypto mining operations, allowing energy storage during off-peak hours and operation during high-demand periods. The company plans to manufacture the system at the upcoming Malahat facility.

Energy Plug Technologies and EdgeTunePower have partnered to develop a Canadian-made Energy Management System (EMS). The collaboration combines Energy Plug's battery expertise with EdgeTunePower's decentralized grid systems technology. The system will manage energy distribution across residential, commercial, and utility applications, supporting capacities from 20 kWh residential systems to large-scale utility installations. The initiative aligns with the growing energy management market, valued at USD 31.76 billion in 2023 and projected to reach USD 112.32 billion by 2032. The EMS will feature real-time power management, hardware-in-the-loop testing, and intelligent resource allocation for AI data centers and hydrogen facilities.

Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) has announced a strategic partnership with Moneta Securities (Alberta) Corp. to support the financing and construction of the Malahat Battery Technologies plant. This facility, a joint venture between Energy Plug and the Malahat Nation, will produce large-scale energy storage solutions for utility and off-grid customers.

CEO Broderick Gunning emphasized the priority of rapid construction to meet immediate customer needs. Moneta, led by Founding Partner Erin Campbell, brings expertise in capital strategies for energy infrastructure projects and a history of partnering with First Nations communities. The collaboration aims to ensure timely construction and full operational capability of the plant to serve the market's energy storage needs.

This partnership underscores Energy Plug's commitment to addressing the global demand for energy storage infrastructure, focusing on providing efficient, sustainable solutions for the future.

Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) has appointed Travis Gabert as its new Vice President of Sales. With 29 years of experience in the battery storage and energy solutions sector, Gabert will lead the commercial rollout of Energy Plug's product portfolio. His expertise spans cell manufacturing, battery system design, and assembly, with leadership roles in OEM battery solutions across various industries.

Gabert will play a important role in introducing the company's next-generation battery storage systems, including those developed through a joint venture with Malahat Battery Technologies Corp. These systems are designed for diverse sectors such as utilities, mining, data centers, and residential applications. As a member of the Haida Nation, Gabert expressed excitement about contributing to a company focused on energy innovation and Indigenous-led projects.

CEO Broderick Gunning highlighted Gabert's unique combination of technical and sales expertise, emphasizing his potential to expand Energy Plug's customer base and accelerate sales growth as the company enters a new phase of commercialization.