Energy Plug Technologies Corp. Engages Moneta Securities for Next Stage of Financing for Malahat Battery Technologies
Vancouver, British Columbia–(Newsfile Corp. – October 7, 2024) – Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) (“Energy Plug” or the “Company”), a leader in sustainable energy technologies, is pleased to announce its strategic partnership with Moneta Securities (Alberta) Corp. (“Moneta”) to support the financing and construction of the Malahat Battery Technologies plant. This facility is dedicated to delivering large-scale energy storage solutions for utility and off-grid customers.
The Malahat plant, a joint venture between Energy Plug and the Malahat Nation, is positioned to meet the growing demand for advanced battery systems. The plant will serve key customers requiring sustainable energy storage technologies to enhance grid resilience and off-grid applications.
“Our priority is the rapid construction of this facility to meet the immediate needs of our customers,” said Broderick Gunning, CEO of Energy Plug Technologies. “This plant will be critical in supplying scalable, reliable battery solutions to utility companies and other large-scale users. Our partnership with Moneta will ensure we secure the necessary financing to make this vision a reality.”
Moneta, led by Founding Partner Erin Campbell, brings a wealth of experience in advising on capital strategies for energy infrastructure projects along with a longstanding commitment to partnering with First Nations communities. Their expertise will support Energy Plug’s focus on timely construction, ensuring the Malahat plant is fully operational and capable of serving the market’s energy storage needs. This collaboration is designed to harness the expertise of both Energy Plug and Moneta in executing large-scale, energy infrastructure projects like the Malahat Battery Plant.
“Moneta is fully committed to supporting the construction of the Malahat Battery plant, which will deliver innovative energy storage systems to key customers,” said Erin Campbell, CEO of Moneta. “Our role is to ensure the project is financed and moves ahead to provide clean, scalable storage solutions to utilities and beyond.”
The Malahat plant is a cornerstone of Energy Plug’s commitment to addressing the urgent global need for energy storage infrastructure. By focusing on construction and customer satisfaction, Energy Plug aims to lead the market in providing efficient, sustainable solutions to power the future.
About Energy Plug Technologies Corp.
Energy Plug Technologies Corp. is an energy technology company, dedicated to innovation and sustainability. With a focus on residential, commercial, and utility energy storage applications, our goal is to advance battery technologies to enhance energy management and grid resiliency. Based in British Columbia, we seek to leverage strategic partnerships with Indigenous communities, and the development of a vertically integrated supply chain involving industry-leading companies in Taiwan to provide advanced solutions to our customers and partners. For more information about Energy Plug, visit our website at https://energyplug.com.
About Moneta Securities (Alberta) Corp.
Moneta is a leading financial advisory firm with deep expertise in capital markets, energy infrastructure, and indigenous partnerships. With a strong track record of advising management on the successful raising of capital for large scale projects and growth stage companies projects, Moneta provides tailored financial solutions that drive growth and long-term success. www.monetasecurities.com.
Contact Information
Energy Plug Technologies Corp.
Broderick Gunning
President & CEO
brodie@energyplug.com
Investor Relations
Renmark Financial Communications Inc.
1900 – 130 King Street West, Toronto, ON M5X 1E3
John Boidman: jboidman@renmarkfinancial.com
Tel.: (416) 644-2020 or (212)-812-7680
www.renmarkfinancial.com
NT4
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