STAK Inc., the Nasdaq-listed Chinese oilfield equipment manufacturer, announced on June 8, 2026, that it has entered into a memorandum of understanding to establish a majority-owned subsidiary in the United States, with the new entity focused on developing and commercializing modular gas-to-electricity power generation systems aimed at artificial intelligence data centers and other energy-intensive industries across North America.

Structure of the Proposed Subsidiary

Under the terms of the MOU, STAK will hold a 60% equity interest in the subsidiary, which will allow the company to consolidate its financial results.

The subsidiary is expected to be incorporated in Delaware, with its operations conducted through a wholly owned entity in Texas.

STAK said it will oversee all sales, branding, and capital markets activities, meaning the subsidiary will function squarely within STAK's strategic direction.

The formation of the subsidiary remains contingent on the execution of definitive agreements and the satisfaction of customary closing conditions.

The company's chairman and chief executive officer, Chuanbo Jiang, framed the move as a direct response to surging power demand driven by the expansion of AI computing infrastructure.

"The rapid expansion of AI computing infrastructure is creating substantial and sustained demand for reliable, distributed power solutions that can be deployed at scale," Jiang said in the announcement.

"Through this new subsidiary, STAK will bring a field-proven, modular generation platform to market under our own brand and commercial framework."

The Core Product: Modular Gas-Powered Generation

The subsidiary's principal product offering is described as a mature, modular gas-powered generation system built for rapid deployment. Each unit is designed to generate up to 1.4 megawatts of electrical output, housed within a standard ISO-compliant container footprint.

The system is engineered to scale, supporting installations ranging from individual commercial facilities to large-scale AI data center campuses.

The platform is compatible with multiple gaseous fuel inputs, including natural gas and associated gas. STAK noted that this flexibility is intended to support deployment across North America's existing fuel infrastructure, a selling point the company appears to view as a practical advantage in reaching customers quickly across diverse geographic markets.

STAK described the generation system as "field-proven," though the announcement did not provide details on where or in what context the technology has previously been deployed.

The modular, containerized format reflects a broader industry trend toward distributed power solutions that can be installed closer to end users rather than relying solely on grid connections, which in many parts of North America are under strain due to rising electricity demand.

Regulatory Path Ahead

Before commercial deployment can begin, the subsidiary will need to navigate a regulatory approval process.

STAK said the company intends to seek any required U.S.

Environmental Protection Agency certifications as well as applicable state-level environmental permits as part of the commercialization effort.

The company did not specify which states it is targeting initially or provide a detailed timeline for obtaining those approvals. Subject to securing the required regulatory clearances and permits, STAK said the subsidiary expects to begin commercial deployment in the near term. No specific date was provided for when that deployment would commence.

A Strategic Pivot Toward the U.S.

Energy Market

The announcement represents a significant strategic departure for STAK, which until now has operated primarily as a manufacturer of oilfield-specific production and maintenance equipment in China.

The company designs and manufactures oilfield-specialized vehicles and equipment, collaborates with vehicle manufacturing companies to integrate its equipment onto chassis, and also sells oilfield equipment components and automation solutions.

Its stated mission has been to serve the niche market for specialized oilfield vehicles and equipment in China.

The move into U.S.-based distributed power generation positions STAK in a market that has attracted considerable attention from investors and energy companies alike, as the build-out of AI data centers has accelerated demand for reliable, on-site power that does not depend solely on utility grids.

Large technology companies have been exploring a range of power solutions, from nuclear to natural gas, to ensure their data center campuses have adequate electricity supply.

By deploying modular, gas-powered generation units directly on or near data center sites, STAK is targeting what it characterizes as a gap between the speed at which AI infrastructure is being built and the pace at which traditional grid capacity can be expanded.

Company Background and Nasdaq Listing

STAK Inc. is headquartered in Changzhou, China, and trades on the Nasdaq under the ticker symbol STAK.

The company describes itself as a fast-growing business in the oilfield equipment sector, with a focus on helping oilfield services companies reduce costs and improve efficiency through integrated equipment and automation solutions.

The proposed U.S. subsidiary would mark STAK's first significant commercial presence in the North American market and its first foray into the power generation sector.

Whether the MOU will proceed to a definitive agreement and ultimately to commercial operations will depend on the successful completion of closing conditions and the outcome of the environmental permitting process with the EPA and relevant state authorities.