ENERGY PLUG TECHNOLOGIES ORD Stock Price, News & Analysis

Energy Plug Technologies Corp. (OTCQB: PLGGF) has announced significant advancements in energy storage technology, combining enhanced inverter technology with quantum cybersecurity integration. The company's upgraded controller offers increased efficiency through optimized power conversion, enhanced reliability with advanced diagnostics, and improved adaptability for various applications from residential to grid-level deployments.

The company is actively exploring quantum encryption integration into its inverter systems to protect against cyber threats, particularly for critical infrastructure and large-scale renewable energy projects. Energy Plug is seeking partnerships with quantum technology providers to implement these security features.

Additionally, Dr. Ramtin Rasoulinezhad has been reappointed as Director of Innovation and Technology. Dr. Rasoulinezhad, a Clean Energy 50 honoree and Business in Vancouver top 40 under 40 recipient, brings extensive engineering expertise in Energy and Security sectors.

Energy Plug Technologies Corp (CSE: PLUG) (OTCQB: PLGGF) has completed the final tranche of its non-brokered private placement, raising $185,010 through the issuance of 2,643,000 units at $0.07 per unit. Combined with the previous tranche, the total gross proceeds reached $1,200,194 from 17,145,624 units.

Each unit consists of one common share and one purchase warrant exercisable at $0.10 per share for one year. The warrants include an acceleration clause if shares trade at $0.15 or higher for 20 consecutive days. The securities have a four-month plus one-day hold period.

The company will use proceeds for R&D, product certification, trade payables repayment, and working capital. A finder's fee of $14,000 and 200,000 Finder's Warrants were issued to Canaccord Genuity Corp.

Energy Plug Technologies has closed the first tranche of its non-brokered private placement, raising $1,015,184 through issuing 14,502,624 units at $0.07 per unit. Each unit includes one common share and one purchase warrant at $0.10 per share, valid for one year. The company announced key leadership changes, with Paul Dickson appointed as CEO, bringing 30+ years of capital markets and technology expertise. Broderick Gunning transitions to Executive Vice President, focusing on decentralized battery systems and product development. The private placement proceeds will fund R&D, product certification, trade payables, and working capital.

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.