The Export-Import Bank approved the funds to be released in two distinct stages. The first $22 million tranche, scheduled for Tuesday, facilitates the delivery of five 2.8-megawatt power blocks to Gyeonggi Green Energy in South Korea. A second disbursement is slated for October, pending final closing conditions.
Chief Financial Officer Michael Bishop stated the capital provides non-dilutive support for scaling manufacturing capacity. Beyond the South Korean project, the company intends to leverage this financial flexibility to target global power markets and supply distributed energy solutions for data centers and artificial intelligence facilities. This agreement strengthens a series of previous Exim-backed deals initiated in 2024 and 2025.
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