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Pacific Green Confirms Its Intent to Acquire Tupa Energy Limited Owned Sheaf Energy Limited, a 249 MW Battery Energy Storage Development in the UK

Tuesday, 28 September 2021 12:00 AM

Pacific Green Technologies Inc.

ืคืกื™ืคื™ืง ื’ืจื™ืŸ ืžืืฉืจืช ืืชื›ื•ื•ื ืชื” ืœืจื›ื•ืฉ ืืช Tupa Energy Limitedื‘ื‘ืขืœื•ืช Sheaf Energy Limited, ืœืคื™ืชื•ื— ืื’ื™ืจืช ืื ืจื’ื™ื” ื‘ืกื•ืœืœื” ืฉืœ 249 ืžื’ื”-ื•ืื˜ื‘ื‘ืจื™ื˜ื ื™ื”

ื“ื•ื‘ืจ, ื“ืœืื•ื•ืจ, 28 ื‘ืกืคื˜ืžื‘ืจ 2021, (ACCESSWIRE):

Pacific Green Energy Storage (UK) Limited ("PGES(UK)") ื—ื‘ืจื” ื‘ืช ื‘ื‘ืขืœื•ืช ืžืœืื”ืฉืœ ืคืกื™ืคื™ืงื’ืจื™ืŸ ื˜ื›ื ื•ืœื•ื’ื™ื•ืช ("ื”ื—ื‘ืจื”" ืื• "PGTK", (OTCQB:PGTK)), ืžื•ื“ื™ืขื” ื›ื™ืขืœ ืคื™ืชื ืื™ ื”ืกื›ืื”ืžืกื’ืจืช ืฉืœื” ("ื”ื”ืกื›ื")ืขื Tupa Energy Limited  ("Tupa"), ื”ื™ื ืื™ืฉืจื”ืืช ื›ื•ื•ื ืชื”ืœืจื›ื•ืฉ ืืชSheaf Energy Limited  ("SEL"), ืžืขืจื›ืชืื—ืกื•ืŸ ืื ืจื’ื™ื”ืœืกื•ืœืœื” ("BESS") ืฉื‘ืกื™ืกื” ื‘ืื ื’ืœื™ื”ื•ื ืžืฆืืช ื‘ื‘ืขืœื•ืช ืžืœืื” ืฉืœTupa.

 

ื‘ืขืงื‘ื•ืช ืคื™ืชื•ื— BESS ืžื•ื’ื‘ืœ ืฉืœ ืคืืจืง ื”ืื ืจื’ื™ื”ืจื™ืฆ'ื‘ื•ืจื• ืขื 99.8 ืžื’ื”-ื•ืื˜ืฉ-PGES (UK) ืจื›ืฉื” ืžื•ืงื“ื ื™ื•ืชืจื”ืฉื ื”, ืคื™ืชื•ื—ื”-SEL BESS ื‘ืขื•ืฆืžื” ืฉืœ 249 ืžื’ื”-ื•ืื˜ ื”ื•ืื”ืฉืœื‘ ื”ื‘ืื‘ื”ืกื›ื BESS ื‘ืกืš 1,100 ืžื’ื”-ื•ืื˜ ืฉื—ืชืžื”PGES(UK) ืขื Tupa ื‘ืžืจืฅ 2021. PGES(UK) ื•- Tupa ืžืžืฉื™ื›ื™ื ืœื‘ื ื•ืช ืขืœ ื”ืฆืœื—ืชื”ื”ืชืคืชื—ื•ื™ื•ืช ื”ืจืืฉื•ื ื™ื•ืช, ื›ืืฉืจืžืื–ืŸ ื”-750ืžื’ื” ื•ื•ืื˜ ืฆืคื•ื™ ืœื”ื™ื•ืชืคืขื™ืœ ื‘-2025.

 

PGES(UK)ืชืžืฉื™ืš ืœืฉืœื‘ ืืช ื”ื™ื“ืข ื”ืžืงื™ืฃืฉืœ ืฉื•ืงืื’ื™ืจืช ื”ืื ืจื’ื™ื”ื‘ื‘ืจื™ื˜ื ื™ื” ื•ืืช ื”ืžื•ืžื—ื™ื•ืชื”ื˜ื›ื ื™ืช ืฉืœ ืžื•ืžื—ื”ืชื›ื ื•ืŸ ื•ืื™ื ื˜ื’ืจืฆื™ื”BESS ื‘ื‘ืขืœื•ืช ืžืœืื” ืฉืœPacific Green Innoergy Technologies Limited, ื™ื—ื“ ืขืShanghai Electric Gotion New Energy Technology Co., Limited's ("SEG") 10 GWh  ืœืฉื ื” ืฉืœ ืงื™ื‘ื•ืœืช ื™ื™ืฆื•ืจ ื”ืกื•ืœืœื”,ื›ื“ื™ ืœืกืคืงืคื™ืชื•ื—ื™ื ื‘ืื™ื›ื•ืช ื’ื‘ื•ื”ื”ื‘ืงื ื” ืžื™ื“ื”ืžื•ื‘ื™ืœ ื‘ืชืขืฉื™ื™ื”.

 

ืื•ื“ื•ืช Pacific Green Technologies, Inc.

ืคืกื™ืคื™ืง ื’ืจื™ืŸ ื˜ื›ื ื•ืœื•ื’ื™ื” Pacific Green Technologies Inc. ืžืชืžืงื“ืช ื‘ืžืชืŸ ืžืขื ื” ืœืฆื•ืจืš ื”ืขื•ืœืžื™  ืœืื ืจื’ื™ื” ื™ื•ืชืจ ื ืงื™ื™ื” ื•ื‘ืช ืงื™ื™ืžื. ื”ื—ื‘ืจื” ืžืฆื™ืขื” ืคืชืจื•ื ื•ืช ืื ืจื’ื™ื” ืฉืœ BESS ื•ืื ืจื’ื™ื™ืช ืฉืžืฉ ืžืจื•ื›ื–ืช (CSP) ื›ื”ืฉืœืžื” ืœื—ื˜ื™ื‘ื•ืช ื”ื˜ื›ื ื•ืœื•ื’ื™ื•ืช ืœืกื‘ื™ื‘ื•ืช ื™ืžื™ื•ืช ื•ื‘ืงืจืช ื”ืคืœื™ื˜ื•ืช ืฉืœื”.

ืœืžื™ื“ืข ื ื•ืกืฃ, ื‘ืงืจื• ื‘ื‘ืงืฉื” ื‘ืืชืจ ืฉืœ PGTK: www.pacificgreentechnologies.com

 

ืื•ื“ื•ืช SEG

 

SEG ื”ื•ื ืžื™ื–ื ืžืฉื•ืชืฃ ื‘ื™ืŸ Shanghai Electric Group Co., Ltd ("Shanghai Electric") ื• Guoxuan High-tech Co., Ltd, ื•ืคื•ืขืœืช ื‘ื™ืŸ ืžืจื›ื–ื™ ื”ื™ื™ืฆื•ืจ ื•ืฉืจืฉืจืช ื”ืืกืคืงื” ื”ื’ื“ื•ืœื™ื ื•ื”ืžืชืงื“ืžื™ื ื‘ื™ื•ืชืจ ื‘ืขื•ืœื. ืฉื ื’ื—ืื™ ืืœืงื˜ืจื™ืง (SHA: 601727), ืฉื™ืฉ ืœื” 70,000 ืขื•ื‘ื“ื™ื ื•ื”ื›ื ืกื•ืช ืชืคืขื•ืœื™ื•ืช ืฉืœ ืžืขืœ 20 ืžื™ืœื™ืืจื“ ื“ื•ืœืจ, ืžืกืคืงืช ื’ื™ื‘ื•ื™ ืชืขืฉื™ื™ืชื™ ื—ื–ืง ื•ื ื™ืกื™ื•ืŸ ืฉืœ ืขืฉืจื•ืช ืฉื ื™ื ื‘ื™ื™ืฆื•ืจ ื•ืื™ื ื˜ื’ืจืฆื™ื” ืฉืœ ืฆื™ื•ื“ ื—ืฉืžืœ.

 

ืœื™ืฆื™ืจืช ืงืฉืจ:

Scott Poulter, Chairman & CEO
Pacific Green Technologies
T: +1 (302) 601-4659

ืžืงื•ืจ: Pacific Green Technologies, Inc.

Notice Regarding Forward-Looking Statements:

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things,โ€ฏthe ongoing effects of the pandemic on delays and orders regarding Pacific Green's emission control system, potential business developments in the UK and future interest in our solar and desalination technologies.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic and political conditions, the continuation of the framework agreement with SEG, delivering the projects with Tupa and the ongoing impact of the COVID-19 pandemic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

 

*** ื”ื™ื“ื™ืขื” ืžื•ืคืฆืช ื‘ืขื•ืœื ืขืœ ื™ื“ื™ ื—ื‘ืจืช ื”ืชืงืฉื•ืจืช ื”ื‘ื™ื ืœืื•ืžื™ืช ACCESSWIRE

 

ืœืคืจื˜ื™ื ื ื•ืกืคื™ื: ื ื•ื™ ืชืงืฉื•ืจืช 03-6026026 ื–ื”ืจ 052-2641769

 

 

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