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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  December 3, 2024

_______________________________

Pacific Green Technologies Inc.

(Exact name of registrant as specified in its charter)

_______________________________

Delaware000-5475636-4966163
(State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

8 The Green, Suite 10212

Dover, Delaware 19901

(Address of Principal Executive Offices) (Zip Code)

(302) 601-4659

(Registrant's telephone number, including area code)

 

(Former name or former address, if changed since last report)

_______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common StockPGTKOTC Markets

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 
 
Item 7.01. Regulation FD Disclosure.

On December 3, 2024, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.
   
99.1 Press release dated December 3, 2024
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 Pacific Green Technologies Inc.
   
  
Date: December 3, 2024By: /s/ Scott Poulter        
  Scott Poulter
  Chief Executive Officer and Director
  

 

EXHIBIT 99.1

Pacific Green expands Australia footprint into New South Wales with strategic land acquisition

Sydney, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Pacific Green, a global battery energy storage company, has secured a parcel of land in Wagga Wagga, New South Wales, where it proposes to establish its next Australian energy park. 

The land is strategically co-located near TransGrid’s existing Wagga 330 kV substation and 16 km from the town of Wagga Wagga. A future grid connected battery energy park in this location will strengthen and support the region’s renewable energy portfolio of assets by storing excess renewable energy and discharging it during peak demand, stabilising the grid and lowering energy prices.

Wagga Wagga is an area of strategic importance to the national grid as it hosts a concentration of renewable energy projects and HumeLink - one of Australia’s largest energy transmission line projects, which when built will connect renewable energy sources to the grid and put downward pressure on Australian energy prices.

Today’s announcement marks Pacific Green’s entry into the New South Wales market and further progresses the company’s objective to build a 10GWh development pipeline of battery energy parks throughout Australia.

Leveraging its significant experience building battery energy parks in the UK and Europe, the company is aiming to be one of Australia’s leading developers, and to help accelerate the country’s transition to renewables by building a multi-gigawatt platform nationwide.

Joel Alexander, Managing Director & CEO, Pacific Green Australia commented: “Today’s announcement represents a milestone for Pacific Green. From our entry into Australia, we set out to diversify our regional presence, which now includes a pipeline of projects in South Australia, Victoria and New South Wales. A greater diversity of storage locations across the country will support the strengthening, reliability and security of our national energy system.

Our entry into the New South Wales market follows the development of Limestone Coast North Energy Park (250MW / 500MWh) and Limestone Coast West Energy Park (250MW / 1,000MWh) in South Australia, and recent development application lodgment for our proposed combined 1GW / 2.5GWh Portland energy parks in Victoria. We are well on our way to meeting our 10GWh target.

The team looks forward to working with stakeholders in and around Wagga Wagga in these early stages of project design to ensure we shape an energy park best suited to the specific needs and opportunities of the region”

For media enquiries, please contact: pacificgreen@tamarindo.global

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