\n<\/p>\n
YOKOHAMA, JAPAN and SINGAPORE –\u00a0Media OutReach<\/a>\u00a0– 6 December 2021 – 3DOM
\u00a0<\/p>\n 3DOM will invest up to US$10 million in G8, representing an aggregate stake
\u00a0<\/p>\n In addition to the supply of batteries, 3DOM SG will provide technology
\u00a0<\/p>\n 3DOM SG and G8 will also jointly explore opportunities related to
\u00a0<\/p>\n “There is great synergy between 3DOM and G8<\/i><\/b>,” says 3DOM
\u00a0<\/p>\n “We are truly excited about this technological and business
\nInc. and G8 Subsea Pte. Ltd.<\/a> (“G8”) today announced they have entered into a transaction
\nagreement (the “Agreement”) for business collaboration, investment, and a share
\nswap. In the business collaboration, 3DOM’s wholly-owned subsidiary 3DOM
\n(Singapore) Pte. Ltd. (“3DOM SG”) will become the primary supplier of batteries
\nand energy storage solutions for all of G8’s wind, solar, and hydro power projects.
\nG8 will benefit from reliable, long-lasting batteries that enable more
\nefficient and economical energy storage for renewable energy projects. <\/p>\n
\nof up to 5% in the company, which has an implied total valuation of US$200
\nmillion. In the share swap, 3DOM SG will issue new shares representing 8% of its
\nenlarged issued share c<\/p>\n
\nand systems for the monitoring of battery conditions, and appropriate
\nallocation of first-life and second-life batteries for projects. Meanwhile,
\n3DOM SG and G8 will jointly explore new opportunities for renewable power
\ngeneration, including those related to thermal power production using biomass-derived
\npellets, as well as further development of wind, solar, and hydro power
\ngeneration businesses. <\/p>\n
\nelectric mobility, including the implementation of a total-zero-carbon-emission
\nmodel for commercial transport businesses, in which electric vehicles are
\nprovided by lease\/subscription and charged with renewable energy. The goal is
\nto reuse these vehicle batteries in stationary energy storage applications,
\nestablishing a circular system of first-life and second-life use that takes
\nadvantage of 3DOM batteries’ longevity.<\/p>\n
\nSG Representative Director & CEO Shusuke Oguro. “We are very pleased
\nfor the chance to supply our advanced lithium-ion batteries for G8’s renewable
\nenergy storage applications in Singapore and across Asia. Moreover, 3DOM and G8
\nshare a closely aligned vision for the future, so we are excited to leverage
\neach other’s strengths and explore new opportunities for more environmentally-friendly
\npower generation and transportation, made uniquely possible by this partnership<\/i><\/b>.”<\/p>\n
\ncollaboration with 3DOM. It enables our Group to offer world-leading solutions for
\nclean energy storage with 3DOM’s breakthrough battery technology. G8 is now
\nable to integrate 3DOM’s battery and fuel cell systems to offer complete and
\nlong-lasting energy storage solutions for our commercial and utility clients<\/i><\/b>.”
\nsays G8 Founder & Managing Director Gerald Tan.<\/p>\n