Vancouver, BC, Canada, April 27, 2026 (GLOBE NEWSWIRE) — International Energy Options Corp. (TSX Enterprise Change: PWER; Frankfurt Inventory Exchanges: NJA) (“Global Power” or the “Company”) proclaims that it has entered right into a non-binding Letter of Intent (“LOI”) with 2782404 AB LTD (“2782404”) to judge the potential improvement of a modular hydrogen-powered power challenge.
The LOI establishes a framework underneath which the events will discover the feasibility of deploying modular hydrogen-based energy technology methods to produce electrical energy to operations related to 2782404. The proposed challenge is meant to evaluate whether or not decentralized hydrogen-powered technology might present a dependable and scalable energy resolution for sure industrial, business, distant, or grid-constrained functions.
Beneath the phrases of the LOI, the events will undertake a technical, business, and regulatory feasibility evaluate to judge the potential improvement of a number of modular amenities with a possible mixture capability of as much as roughly 100 megawatts (MW).
The challenge, if superior following feasibility evaluate and definitive agreements, might be developed in phased phases, probably starting with an preliminary deployment to judge system integration and operational efficiency, adopted by potential capability enlargement aligned with demand necessities.
As contemplated within the LOI, International might set up project-level particular objective entities (SPEs) for the event, possession, financing, and operation of any challenge amenities.
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Peter Medved, Chief Government Officer of International Energy Options, commented:
“This LOI represents an opportunity to evaluate a potential application of modular hydrogen-powered energy systems within a decentralized generation framework. The feasibility process will allow both parties to assess technical configuration, commercial structure, and regulatory considerations before determining whether to proceed toward definitive agreements.”
2782404 is anticipated to supply web site entry info, operational necessities, and anticipated energy demand profiles to assist the feasibility evaluation, whereas International is anticipated to guide the technical analysis and challenge improvement planning.
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The events anticipate that the feasibility course of will embrace engineering research, web site suitability assessments, preliminary monetary modeling, and analysis of hydrogen manufacturing, storage, and energy technology configurations.
If the challenge proceeds past feasibility, the events might negotiate a long-term energy buy settlement (PPA) underneath which electrical energy generated by the challenge might probably be provided to 2782404 underneath an outlined business framework.
There will be no assurance that the feasibility work will consequence within the execution of definitive agreements or that the challenge will proceed.
The LOI is non-binding, aside from customary provisions together with confidentiality
About International Energy Options Corp.
International Energy Options Corp. is an organization well-known for its pioneering efforts within the manufacture of sunshine gauge metal elements for the development business and modular steel buildings. The enterprise technique of the Firm is being expanded to the pursuit of different industrial alternatives, together with the event and execution of renewable power and different clear power infrastructure tasks.
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On behalf of the Board:International Energy Options Corp.
Neither TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.
