Energy Plug Technologies and SEETEL New Energy Amplify Strategic Alliance with Exclusive Canadian Rights and Americas Expansion
Energy Plug Technologies (OTCQB:PLGGF) has secured a major strategic partnership with SEETEL New Energy, a Taiwanese energy storage solutions provider. The collaboration grants Energy Plug exclusive rights to distribute SEETEL's energy storage systems under the MBT-SEETEL brand in Canada, with expansion plans across the Americas.
Through Malahat Battery Technologies (MBT), a joint venture 51% owned by Malahat First Nation and 49% by Energy Plug, the partnership will deploy sustainable energy storage solutions. SEETEL has allocated 1 GWh annual production capacity exclusively for Canadian markets from its Taiwan facility, which has a total capacity of 3 GWh.
Energy Plug Technologies (OTCQB:PLGGF) ha siglato una partnership strategica importante con SEETEL New Energy, un fornitore taiwanese di soluzioni per lo stoccaggio energetico. La collaborazione conferisce a Energy Plug i diritti esclusivi per distribuire i sistemi di accumulo di SEETEL con il marchio MBT-SEETEL in Canada, con piani di espansione in tutto il continente americano.
Attraverso Malahat Battery Technologies (MBT), una joint venture di cui il 51% 猫 di propriet脿 della Malahat First Nation e il 49% di Energy Plug, la partnership implementer脿 soluzioni sostenibili per lo stoccaggio energetico. SEETEL ha riservato una capacit脿 produttiva annuale di 1 GWh esclusivamente per il mercato canadese dalla sua struttura a Taiwan, che ha una capacit脿 totale di 3 GWh.
Energy Plug Technologies (OTCQB:PLGGF) ha asegurado una alianza estrat茅gica importante con SEETEL New Energy, un proveedor taiwan茅s de soluciones de almacenamiento energ茅tico. La colaboraci贸n otorga a Energy Plug los derechos exclusivos para distribuir los sistemas de almacenamiento de SEETEL bajo la marca MBT-SEETEL en Canad谩, con planes de expansi贸n en toda Am茅rica.
A trav茅s de Malahat Battery Technologies (MBT), una empresa conjunta con 51% de propiedad de Malahat First Nation y 49% de Energy Plug, la alianza desplegar谩 soluciones de almacenamiento energ茅tico sostenibles. SEETEL ha asignado una capacidad de producci贸n anual de 1 GWh exclusivamente para los mercados canadienses desde su planta en Taiw谩n, que tiene una capacidad total de 3 GWh.
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Energy Plug Technologies (OTCQB:PLGGF) a conclu un partenariat strat茅gique majeur avec SEETEL New Energy, un fournisseur ta茂wanais de solutions de stockage d'茅nergie. Cette collaboration accorde 脿 Energy Plug les droits exclusifs de distribution des syst猫mes de stockage d'茅nergie de SEETEL sous la marque MBT-SEETEL au Canada, avec des projets d'expansion 脿 travers les Am茅riques.
Par le biais de Malahat Battery Technologies (MBT), une coentreprise d茅tenue 脿 51 % par la Malahat First Nation et 脿 49 % par Energy Plug, le partenariat d茅ploiera des solutions de stockage d'茅nergie durables. SEETEL a allou茅 une capacit茅 de production annuelle de 1 GWh exclusivement pour les march茅s canadiens depuis son usine 脿 Ta茂wan, qui dispose d'une capacit茅 totale de 3 GWh.
Energy Plug Technologies (OTCQB:PLGGF) hat eine bedeutende strategische Partnerschaft mit SEETEL New Energy, einem taiwanesischen Anbieter von Energiespeicherl枚sungen, abgeschlossen. Die Zusammenarbeit gew盲hrt Energy Plug exklusive Vertriebsrechte f眉r SEETELs Energiespeichersysteme unter der Marke MBT-SEETEL in Kanada, mit Expansionspl盲nen in ganz Amerika.
脺产别谤 Malahat Battery Technologies (MBT), ein Joint Venture, das zu 51% im Besitz der Malahat First Nation und zu 49% von Energy Plug ist, wird die Partnerschaft nachhaltige Energiespeicherl枚sungen bereitstellen. SEETEL hat eine j盲hrliche Produktionskapazit盲t von 1 GWh exklusiv f眉r den kanadischen Markt aus seiner Anlage in Taiwan reserviert, die eine Gesamtkapazit盲t von 3 GWh hat.
- Secured exclusive distribution rights for SEETEL's energy storage systems in Canada
- Dedicated 1 GWh annual production capacity allocated for Canadian market
- Strategic partnership backed by global leaders including ACER and Chailease Holding
- Expansion potential into U.S., Mexico, and Latin American markets
- 51/49 joint venture with Malahat First Nation provides strong local partnership
- Heavy reliance on Taiwan-based production may present supply chain risks
- Will face significant competition in the expanding energy storage market
Vancouver, British Columbia--(Newsfile Corp. - July 4, 2025) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug") and SEETEL New Energy Co., Ltd. ("SEETEL"), a leading Taiwanese energy storage solutions provider, today announced a significant strategic partnership. This collaboration grants Energy Plug exclusive rights to distribute and commercialize SEETEL's advanced energy storage systems under the co-brand "MBT-SEETEL"in Canada, with plans to expand into the United States, Mexico, and Latin America.
Key Strategic Highlights:
- Exclusive Canadian Distribution Rights: Energy Plug holds exclusive rights to distribute SEETEL's Taiwan-based production within Canada.
- Targeted Americas Expansion: Solutions will be deployed across the U.S., Mexico, and Latin America for critical infrastructure needs.
- Dedicated Canadian Capacity: 1 GWh annually secured for Canadian markets.
- Global-Scale Backing: Publicly listed company in Taiwan, supported by public capital market and global institutional investors.
- Strategic Applications: High-performance energy storage tailored for data centers, defense, and grid stability.
Through Malahat Battery Technologies Corp. ("MBT"), a joint venture majority-owned (
SEETEL's subsidiary Aurosi Precision in Taichung, Taiwan, features a robust 3 GWh annual battery module and cabinet production capacity. As part of the agreement, SEETEL has allocated 1 GWh annually exclusively for Canadian deployment. The company's shareholders include global leaders such as ACER and Chailease Holding (the leading independent power producer (IPP) in Taiwan), reinforcing SEETEL's strong financial and institutional backing.
About SEETEL New Energy Founded in 2017, SEETEL is a vertically integrated energy technology company offering end-to-end services—from battery module design and turnkey EPC delivery to long-term O&M and grid participation. Its proprietary GridLink EMS platform provides real-time analytics, strategic dispatch, and load balancing, while enabling access to ancillary services such as frequency regulation.
SEETEL is partnered with Schneider Electric, integrating its technologies with EcoStruxure™, Modicon controllers, PowerLogic meters, and advanced SCADA systems. The company's energy storage systems are trusted by global manufacturers and utility-scale integrators, with applications ranging from critical defense infrastructure and hyperscale data centers to municipal utility grids.
Strategic Focus and Market Reach This partnership targets high-security and high-uptime markets including data centers, national defense facilities, and utility grid networks. Energy Plug and SEETEL are currently in advanced discussions with government and utility stakeholders across British Columbia and Ontario. Additionally, plans for Canadian-based module manufacturing are under active consideration to localize supply chain capabilities.
"SEETEL's leadership in integrated, cyber-secure energy storage—backed by Schneider Electric, MOXA and Hitachi Energy—makes this alliance a cornerstone for Canadian energy sovereignty. Data centers, defense infrastructure, and utility grids will benefit from resilient, locally backed solutions," said Paul Dickson, CEO of Energy Plug.
About Energy Plug Technologies Corp. Energy Plug Technologies Corp. is a Canadian leader in advanced energy storage solutions, serving residential, commercial, and utility-scale markets with an emphasis on cybersecurity, grid resilience, and Indigenous economic development. For more information, visit .
Media Contact: Energy Plug Technologies Corp.
Paul Dickson, CEO
[email protected]
+1 (604) 283-1262
Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable securities laws. These statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially. Neither the Canadian Securities Exchange nor its Market Regulator assumes responsibility for the adequacy or accuracy of this release.
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FAQ
What exclusive rights did Energy Plug Technologies (PLGGF) secure from SEETEL?
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