Pacific Green Technologies Inc.
pacificgreen-group.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2025 10-Q, filed Jul 11, 2025. Its latest SEC filing is a 8-K from Aug 26, 2025.
10-Q for Q1 FY2025, filed Jul 11, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Develops utility-scale battery energy storage projects for renewable energy funds, and installs and services marine exhaust scrubbers for vessel operators; it also provides concentrated solar power project engineering.
10-K for FY2024, filed Jun 20, 2025The Company has grown into a leading international developer of utility scale battery energy storage systems (BESS). The Company is focused…View ↗
The Company continues to operate in the Emission Control Systems (“ECS”) market, installing and servicing marine exhaust scrubbers. We…View ↗
The Company also provides design, development and engineering services for Concentrated Solar Power (“CSP”) projects in China.View ↗
Our customers are primarily large renewable energy funds. We engage frequently with industry operators and investors, and participate in…View ↗
The Company has ongoing service contracts for Marine scrubbers installed on customers’ vessels. The largest Marine customer is the Scorpio…View ↗
How Did They Make Money?
Earns product revenue from marine scrubber sales and service revenue from battery project management, marine scrubber support, and solar-project design and engineering. Scrubber contracts are paid as work progresses.
10-K for FY2024, filed Jun 20, 2025
$14.5M
-
10-K for FY2024, filed Jun 21, 2025
$14.5M ↗
Who Were Their Customers?
Large renewable energy funds are the company’s primary battery storage customers. It also serves vessel operators with marine scrubbers and ongoing service contracts.
10-K for FY2024, filed Jun 20, 2025
Did Revenues Turn Into Profits?
Yes. It kept 3 cents of every revenue dollar as net income in FY2024, but spent more cash than it brought in: free cash flow was −$18.4M.
10-K for FY2024, filed Jun 21, 2025
$16.3MView ↗
10-K for FY2024, filed Jun 21, 2025
$459KView ↗
10-K for FY2024, filed Jun 21, 2025
−$18.4MView ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q1 FY2025, filed Jul 11, 2025
−$3.5MView ↗
- ▼ Now a loss
- vs $3M in Q1 FY2024
-
Jul 11, 2025
Company announces voluntary share delisting and planned end to SEC reporting
It intended to file Form 15 around July 14, 2025, suspending its reporting obligations.
Sources
8-K, filed Jul 11, 2025
Pacific Green intends to file a Form 15 to deregister its securities and suspend its reporting obligations on or around July 14, 2025. The…View ↗
Greater focus on battery project development
The older report described a broad platform spanning emissions, solar, battery storage and electric vehicle charging, with equipment sales and infrastructure ownership. The latest centers on utility-scale battery project development, alongside marine scrubbers and solar engineering.
10-K for FY2021, filed Jun 29, 2021 10-K for FY2024, filed Jun 20, 2025Pacific Green Technologies Inc comprises two main divisions:View ↗
The Company has grown into a leading international developer of utility scale battery energy storage systems (BESS). The Company is focused…View ↗
The Company continues to operate in the Emission Control Systems (“ECS”) market, installing and servicing marine exhaust scrubbers. We…View ↗
The Company also provides design, development and engineering services for Concentrated Solar Power (“CSP”) projects in China.View ↗
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