Energy Plug Technologies Corp. ("Energy Plug" or the "Company") is pleased to announce an agreement with EdgeTunePower Inc. (EdgeTunePower) for the joint development of a fully Canadian-made Energy Management System ("EMS"). This collaboration represents a strategic move for Energy Plug, positioning the Company within the rapidly expanding energy management market.
With the global energy management system market valued at USD 31.76 billion in 2023 and expected to grow to USD 112.32 billion by 2032 at a CAGR of 15.3%1, this agreement comes at a pivotal moment. Together, Energy Plug and EdgeTunePower agreed to leverage cutting-edge software and real-time analytics to deliver a comprehensive EMS solution that optimizes energy distribution across residential, commercial, and utility applications. The collaboration integrates Energy Plug's expertise in battery technology with EdgeTunePower's high-tech approach to decentralized grid systems, aiming to address the needs of Canada's increasingly complex energy landscape.
"We are proud to offer a Canadian-made solution that provides smart, resilient energy management," said Broderick Gunning, CEO of Energy Plug. "This agreement with EdgeTunePower enables us to extend our product range while enhancing SaaS revenue streams and long-term operational control over our battery deployments. By aligning with Malahat Nation and Malahat Battery Technologies, we are supporting sustainable, Indigenous-led energy initiatives."
Key Technical Highlights
Scalable EMS Architecture: The new EMS solution aim to support energy flow management from small-scale residential systems (20 kWh capacity) to large-scale utility applications, ensuring robust energy optimization and real-time control.
Hardware-in-the-Loop Testing: High-fidelity, real-time testing are expected to validate system performance under realistic grid conditions, enhancing stability and security.
Intelligent Resource Allocation: Designed for seamless integration with AI-powered data centers, hydrogen production facilities, and distributed energy resources (DERs), the EMS can ensure optimized, cost-efficient energy use.
Real-Time Power Management: Utilizing advanced algorithms, the system is expected to maintain energy stability even during peak demands and off-grid scenarios, ensuring continuity across all connected systems.
The new EMS solution is expected to provide unmatched energy control, helping clients meet sustainability goals while safeguarding against blackouts and optimizing operational costs. As Energy Plug continues to expand its energy infrastructure portfolio, the collaboration with EdgeTunePower stands as a testament to both companies' dedication to innovation, resilience, and Canadian energy leadership.
