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Energy expert sees price rally at Energy Plug Technologies Corp. (WKN: A3EHRB) ahead through gigantic battery project!
According to a report from www.finanznachrichten.de, the shares of Energy Plug Technologies Corp. (WKN: A3EHRB) is facing a price rally that is said to have started shortly before the turn of the year. The company plans to produce battery energy storage systems (BESS) and recently announced an agreement to power a mine. Recent developments suggest that Energy Plug Technologies Corp. can shine with extreme growth in the coming years. The planned Gigafactory in Canada, which will produce battery products, could help increase the company's stock market value. The planned joint venture facility with Malahat Nation in Canada will assemble battery packs and produce batteries for clean energy supply. …
Energy expert sees price rally at Energy Plug Technologies Corp. (WKN: A3EHRB) ahead through gigantic battery project!
According to a report from www.finanznachrichten.de,
Energy Plug Technologies Corp. shares (WKN: A3EHRB) is facing a price rally that is said to have started shortly before the turn of the year. The company plans to produce battery energy storage systems (BESS) and recently announced an agreement to power a mine.
Recent developments suggest that Energy Plug Technologies Corp. can shine with extreme growth in the coming years. The planned Gigafactory in Canada, which will produce battery products, could help increase the company's stock market value.
The planned joint venture facility with Malahat Nation in Canada will assemble battery packs and produce batteries for clean energy supply. With the expansion of the facility in the coming years, additional capacities could be created and immense sales could be achieved in this way.
The proposed facility is expected to generate revenue of C$180 million to C$220 million in the first year and up to $2.2 billion when fully operational. The vision of the joint venture is to meet the global need for battery storage systems and to establish itself as a leading provider in this market.
The increasing demand for battery storage systems due to the global energy transition is expected to drive the growth of this company. According to energy market research firm Bloomberg New Energy Finance (BNEF), stationary battery capacity will multiply by 2030, potentially leading to huge revenue growth.
Given these developments and the planned production at Energy Plug Technologies Corp.'s Gigafactory. The company's annual sales could increase significantly, which could have a positive impact on the market, consumers and the industry as a whole. This development could also further drive the growth of renewable energy and help reduce the carbon footprint.
Read the source article at www.finanznachrichten.de