Company Summary: Pacific Green Technologies Inc.

Overview

Pacific Green Technologies Inc. is an international developer focusing on environmentally sustainable energy solutions, primarily through two main divisions:

• Battery Energy Storage Systems (BESS)
• Environmental Technologies

Business Segments

1. Battery Energy Storage Systems (BESS)

• Focus: Developing utility-scale battery storage projects to facilitate renewable energy integration and grid stabilization.
• Activities:
  • Early-stage development of BESS facilities using technology, project financing, and project delivery expertise.
  • Operations in China for technology and manufacturing access.
  • Delivering industry-leading projects in Europe, Australia, and Italy.
  • Holding a pipeline of uncontracted projects, with recent projects in Australia, the UK, and Italy.
• Key Facilities & Projects:
  • Australia's Portland Energy Park (1 GW/1.5 GWh)
  • Limestone Coast Energy Park in South Australia (500 MW / 1.0 GWh)
  • Italian projects in Molise, Campania, Emilia Romagna with a total capacity of 500 MW.
  • Deal to sell Limestone Coast North Energy Park; sale completed March 2025.
• Customer Base:
  • Mainly large renewable energy funds.
  • Notable customers include Palisade Investment Partners (Australia) and Sosteneo Energy Transition Fund (Europe).
• Partnerships & Supply Chain:
  • Battery supply relationships with Chinese manufacturers like Shanghai Electric Gotion, Hefei Gotion, Trina Storage.
  • Balance of Plant partnerships with local electrical and construction contractors.
• Financials:
  • No specific revenue per project given, but in FY2024, BESS projects sold included Richborough and Sheaf projects in the UK, with total gains on derecognition of $42.3 million.
  • Sales of projects in FY2024 contributed significantly to revenue, with total revenue of $14.55 million (vs. $7.64 million in FY2023).

2. Environmental Technologies

• Focus: Emission Control Systems ("ECS") and Concentrated Solar Power ("CSP") projects.
• Products & Patents:
  • ENVI-Clean™, ENVI-Pure™, ENVI-Marine™ - proprietary scrubber systems for emissions removal.
  • Patents filed under PCT and US applications, with protection expected until 2030.
• Market & Operations:
  • Marine exhaust scrubber installation and servicing.
  • Design, engineering, and development services in CSP market, especially in China.
  • Global operations with client relations and patents in multiple countries.
• Partnerships:
  • PowerChina SPEM for marine scrubber fabrication.
  • Middle East market development through a joint venture with Amkest Group.
• Financials:
  • Revenue in FY2024: $8.89 million (vs. $4.72 million in FY2023).
  • Profit margins higher due to lump sum receipts from settlement agreements.

Employees & Customers

• Employees: 42 full-time employees (as of March 31, 2024).
• Customer Base: Primarily large institutional investors and funds, including notable relationships with Palisade Investment Partners and Sosteneo SGR.
• Other Key Customers:
  • Marine vessel operators (e.g., Scorpio group).
  • Power producers and utilities for energy storage and emission control systems.

Financial Highlights (FY2024)

• Total Revenue: $14.55 million
• Net Income: $31,000 (a profit, compared to a net loss of $11.79 million in FY2023)
• Gross Profit: $8.7 million
• Key Projects: Several projects were sold during FY2024, generating gains (e.g., Richborough and Sheaf). A major sale completed in March 2025 (Limestone Coast North Project).
• Employees: 42 (full-time)
• Market Capitalization: Approximate market value of $28.52 million based on last known stock price and shares outstanding (57 million+ shares).

Strategic & Developmental Notes

• Focus on renewable energy storage projects globally, especially in Australia, Europe, and Italy.
• Leveraging supply chain relationships in China.
• Continues to develop and finance new projects, with a pipeline of future projects.
• Has proprietary emission control technology with patents pending and existing patents until 2030.
• Engages in environmental regulations and sustainability practices aligned with ESG principles.

This summarizes the company's core activities, geographic operations, customer base, employee size, revenue, net income, and key projects as provided.