[Special Stock] G2Power Attracts Global PE Investment Ahead of Immersion-Cooled Prototype Unveiling

G2Power is showing strong performance. The news that the largest shareholder has sold part of their stake to the GEM Fund appears to be affecting the stock price. G2Power is a company that pursues the smart grid business, a distributed digital power system, by linking distribution panels, renewable energy solar power systems, and energy storage system (ESS) heavy electrical equipment distributed energy resources based on Condition Monitoring and Diagnosis (CMD) technology to a virtual power plant (VPP) using AI and IoT technology.

As of 11:08 a.m. on May 22, G2Power was trading at 8,550 KRW, up 7.55% from the previous day.

G2Power announced that CEO Kim Youngil and related parties sold 933,206 shares, representing 4.99% of the company, to the GEM Fund through an over-the-counter transaction.

Previously, in November of last year, G2Power explained that this was in accordance with a share sale agreement with the global private fund GEM (Global Yield LLC SCS), as the largest shareholder sought to attract foreign investment and strengthen strategic partnerships.

Due to the stock market downturn caused by the global economic recession and domestic political instability, both parties had mutually agreed to postpone the transaction, which has now been completed.

Kim Donghyun, Vice President (CFO) of G2Power, stated, "The share sale by the largest shareholder to GEM was carried out by adjusting the transaction size in accordance with the agreement with GEM," adding, "It is a preliminary investment aimed at seeking future cooperative opportunities."

G2Power will hold a demonstration exhibition for its immersion-cooled water-cooled ESS prototype in Yeouido on June 25.

Lee Dongjun, Vice President (CTO) of G2Power, said, "The immersion-cooled ESS developed by G2Power uses a direct water-cooling method, which not only prevents battery explosions and fires but also integrates intelligent AI technology to comprehensively enhance energy efficiency, including battery lifespan, charge/discharge capacity, and energy density."