PGTK Enters Polish Market with 100 MW Battery Projects

• Pacific Green Technologies Inc to acquire majority stake in 100 MW/400 MWh battery projects in Poland, marking a key milestone in global energy storage expansion.

Pacific Green Technologies Inc is set to acquire a majority stake in a 100 MW/400 MWh portfolio of battery energy storage projects in Poland. The British company will purchase the interest from an undisclosed international developer, with the acquisition becoming effective after certain project milestones are met. The portfolio includes two 50 MW battery projects in the Warsaw region and southwestern Poland, with grid applications already submitted and plans to participate in the Polish Capacity Market Auction later this year.

Pacific Green's CEO, Scott Poulter, stated that developing large-scale battery energy parks quickly is a top priority for the company, with the entry into the Polish market marking an important milestone. The company aims to deliver over 12 GWh of battery energy storage across four global markets, including Poland, with a specific goal of 1 GWh for the Polish market.

Overall, Pacific Green's acquisition of the battery projects in Poland represents a significant step towards expanding its presence in the energy storage sector and achieving its ambitious goals for global battery energy storage capacity.

What is Pacific Green Technologies Inc's strategy for expanding in Poland's energy storage market?

• Pacific Green Technologies Inc's strategy for expanding in Poland's energy storage market includes acquiring a majority stake in a 100 MW/400 MWh portfolio of battery energy storage projects.
  
• The company plans to purchase the interest from an undisclosed international developer, with the acquisition becoming effective after certain project milestones are met.
  
• The portfolio consists of two 50 MW battery projects in the Warsaw region and southwestern Poland, with grid applications already submitted and plans to participate in the Polish Capacity Market Auction later this year.
  
• Pacific Green's CEO, Scott Poulter, has emphasized that developing large-scale battery energy parks quickly is a top priority for the company, with the entry into the Polish market marking an important milestone.
  
• The company aims to deliver over 12 GWh of battery energy storage across four global markets, including Poland, with a specific goal of 1 GWh for the Polish market.
• Overall, Pacific Green's acquisition of the battery projects in Poland represents a significant step towards expanding its presence in the energy storage sector and achieving its ambitious goals for global battery energy storage capacity.