Energy Plug Technologies Stock Price, News & Analysis

clief

Company Description

Energy Plug Technologies Corp. (CLIEF) is a pioneering company in lithium-iron-phosphate battery storage technologies. Currently, the company is finalizing a joint venture agreement with Malahat Nation to establish a 10 GWh battery pack assembly facility in Canada, creating 100 Canadian and Indigenous manufacturing jobs. With a focus on lithium-iron-phosphate (LFP) battery technologies, Energy Plug aims to provide cost-effective, long-lasting, and safe battery packs to meet the increasing demand for green energy solutions. The joint venture, with Malahat Nation holding a majority stake, is set to become the largest facility in Canada for manufacturing Battery Energy Storage Systems (BESS), strengthening Canada's role in the global battery supply chain.

Stock Performance

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Performance 1 year

$6.6M

Market Cap

60.4M

Shares outstanding

Latest News

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January 12, 2024

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Energy Plug Announces Director, Officer and Advisor Changes

December 29, 2023

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Energy Plug Announces First Clean Energy Partnership with Ximen Mining

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December 19, 2023

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Energy Plug and Malahat Nation Partner to Build a 100,000 SQ FT Gigafactory to Produce Lithium-Iron-Phosphate (LFP) Battery Packs and Create Jobs

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December 15, 2023

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Energy Plug Announces Appointment of Chief Technology Officer and Special Advisor

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December 13, 2023

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Energy Plug Announces Board and Management Changes

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SEC Filings

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No SEC filings available for Energy Plug Technologies.

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Frequently Asked Questions

What is the market cap of Energy Plug Technologies (clief)?

The market cap of Energy Plug Technologies (clief) is approximately 6.6M.

What is Energy Plug Technologies Corp. known for?

Energy Plug is a pioneering company in lithium-iron-phosphate battery storage technologies, focusing on providing cost-effective, long-lasting, and safe battery packs.

What is the current joint venture agreement with Malahat Nation about?

The joint venture aims to establish a 10 GWh battery pack assembly facility in Canada, creating 100 Canadian and Indigenous manufacturing jobs.

Why is the focus on lithium-iron-phosphate (LFP) battery technologies important?

LFP battery packs offer advantages such as cost-effectiveness, extended lifespan, and enhanced safety features, meeting the rising demand for green energy solutions.

What role does Energy Plug play in the joint venture with Malahat Nation?

Energy Plug provides technology, leadership, sales, and strategic partnerships, while Malahat Nation constructs the facility and holds a majority ownership stake.

How does the joint venture strengthen Canada's position in the global battery supply chain?

The establishment of the largest facility in Canada for manufacturing Battery Energy Storage Systems (BESS) reinforces Canada's pivotal role in the global battery supply chain.

Who are some key figures involved in the recent announcements by Energy Plug Technologies Corp.?

Neel Singh has been appointed as the CSO, and Peter Schober as a technical advisor, bringing expertise in brand strategy, business transformation, technology, and battery power engineering to the company.

What is the significance of the partnership with Ximen Mining?

The partnership focuses on a two-phase clean power storage and generation project at the Kenville mine in Nelson, BC, utilizing Battery Energy Storage System (BESS) to stabilize, support, and power the mine's infrastructure.

How does Energy Plug Technologies Corp. contribute to sustainable mining practices?

The BESS project with Ximen Mining helps reduce diesel use, save electricity costs, ensure operational efficiency during power outages, and align with zero-emission goals for responsible resource extraction.

What are the expected benefits of the BESS project for Ximen Mining?

The project will help Ximen Mining charge the system during off-peak hours, reduce peak demand charges, lower electricity costs, and provide renewable energy at a lower cost with a targeted three-year ROI.

Who are some other key industry partners of Energy Plug Technologies Corp.?

Peter Schober, CEO of Renewable Power Corp., focuses on run of river projects and works with independent power producers and First Nations groups to achieve power self-sufficiency.