[Featured Stock] G2 Power to Release Next-Generation Immersion Cooling ESS Prototype Next Year... 'Super Rookie' in the World's Largest Power Market

300 Billion Investment for Establishing US Local Corporation... Additional Investment Plans
Secondary Battery Cell Manufacturing, Renewable Energy and ESS System Development
"A Key Axis in the ESS Market and Immersion Cooling Technology Industry Value Chain"

The stock price of G2 Power, a smart grid specialist company, is on the rise. It appears that the news of its full-scale entry into the U.S. market, the world's largest power and energy market, is influencing the stock price. 'G2 America' is expected to receive an initial investment of 30 billion KRW from the FSE consortium (a U.S. private equity fund). A company official stated, "We plan to continuously receive additional investments from the U.S. private equity fund in the future."

The U.S. private equity firm, known to manage private equity funds worth around 43 trillion KRW, is a global group that has invested in 107 countries worldwide over the past 20 years. Last year, it also invested hundreds of millions of dollars in a Hong Kong-listed company and Korean firms, proving its credibility and financial strength internationally.

As of 1:51 PM on the 28th, G2 Power is trading at 8,350 KRW, up 21.54% from the previous trading day.

Recently, G2 Power approved the establishment of a local subsidiary in the U.S. and the creation of a new business division to enter the U.S. markets for heavy electrical equipment, renewable energy, and secondary batteries.

Kim Dong-hyun, CFO of G2 Power, explained, "This is a follow-up measure to the signing of a memorandum of understanding (MOU) for investment and business cooperation with Five Stone Energy Group in the U.S. on the 11th," adding, "It includes specific timing and details regarding the establishment of the local corporation and the new business division for advancing business in the U.S."

'G2 America,' established by G2 Power, will form a consortium with Five Stone Energy, a U.S. secondary battery cell manufacturer, and a U.S. long-term investment management firm. The company expects the consortium to serve as a foundation for entering the U.S. public procurement market (approximately 2,000 trillion KRW last year) in the fields of renewable energy and secondary batteries.

The main business areas of 'G2 America' will include ▲development and manufacturing of secondary battery cells ▲development, manufacturing, and construction of renewable energy and ESS systems ▲design and manufacturing of power equipment and distribution panels ▲energy consulting, among other core businesses.

Partner company Five Stone Energy is a U.S. federal procurement and defense contractor known as an advanced energy company possessing the world's only aqueous battery cell technology. The D.I. water-based aqueous LFP battery cell manufacturing technology owned by Five Stone Energy is reported to have very high technical value (cost reduction, eco-friendly processes, etc.).

Kim Young-il, CEO of G2 Power, said, "We are preparing to launch a prototype of an immersion-cooled ESS product next year, which immerses batteries in a non-conductive liquid to prevent thermal runaway and solve lithium-ion battery fire risks," adding, "We expect immersion-type ESS to play a significant role as a catalyst for expanding overseas businesses, including in the U.S."

He continued, "Starting from the massive U.S. procurement market, we aim to leap forward to firmly establish ourselves as a key player in the global ESS market and the immersion cooling technology industry's value chain."

G2 Power plans to convene a board meeting early next month and hold an extraordinary shareholders' meeting in December to appoint executives from its U.S. partner Five Stone Energy as registered directors and to actively promote the new business.