Pacific Green and Shell Enter Into Energy Optimisation Agreement for Pacific Green’s 99.98 MW Richborough Energy Park Battery Development

Pacific Green Technologies, Inc. announces that it has entered into an agreement with Shell Energy Europe Limited wherein Shell will provide dispatch trading and optimisation services for the 99.98 MW Richborough Energy Park battery energy storage system the Company is developing in Kent, England (the “Agreement”).

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Under the terms of the Agreement, Pacific Green will be responsible for the construction, operation and maintenance of the BESS, while Shell will purchase the capacity and have the exclusive right to provide optimisation services for the next ten years.Scott Poulter, Pacific Green's Chief Executive, commented: “As one of the world's most prominent energy providers, Shell has proven itself to be a leader in the power trading and optimisation sectors. With this BESS development set to become one of the UK's largest batteries, finding an experienced and reputable optimizer is essential to the success of this project, and we are confident we have found that in Shell.“Tom Summers, Vice President, Shell Energy Europe and Africa, remarked: “We are pleased to have signed this agreement with Pacific Green on a project which will assist the UK's transition to a flexible and low carbon energy system. We see battery systems like Pacific Green's as a key contributor to Shell becoming a net-zero emissions business by 2050.“