Energy Plug makes initial U.S. sale totalling $290,000

Executive Summary

• Energy Plug Technologies Corp. completed its first U.S. sale through a partnership with GGVentures of the Carolinas, LLC, marking a significant milestone in market expansion.
• The transaction involves a pilot order for three 209-kilowatt secure energy storage systems (627 kWh total), valued at over $290,000, targeting the construction sector.
• The company is actively ramping up sales efforts and exploring expansion into European and Latin American markets, while capitalizing on demand from AI data centers and mission-critical infrastructure.

Key Details

• Transaction Value: Over $290,000.
• Product Details: Three 209-kilowatt secure energy storage systems, totaling 627 kWh.
• Deployment Timeline: Units expected to arrive on-site within 10 days for initial testing.
• Strategic Outlook: Successful evaluation of this pilot project is a critical step toward broader deployment in 2025.
• Market Expansion: The company is in discussions to expand into European and Latin American markets.
• Target Sectors: Beyond construction, the company is targeting the oil and gas sector, cybersecurity firms, defense contractors, AI data centers, and quantum computing infrastructure.
• Product Development: Ongoing development of an innovative quantum-integrated system tailored for secure and high-performance infrastructure.
• Partner Profile: GGVentures of the Carolinas has a track record of over $5-billion (U.S.) in global energy and infrastructure project value.

Notable Quotes

• "Our entry into the U.S. market unlocks significant growth opportunities -- particularly within the oil and gas sector -- for our secure energy storage system. It also marks the establishment of our first active distribution and deployment channel in the United States." — Paul Dickson, Chief Executive Officer