08:48 AM EST, 03/03/2025 (MT Newswires) -- Gorilla Technology Group ( GRRR ) said Monday it signed a $1.8 billion agreement to lead a 15-year project to modernize Thailand's power grid using artificial intelligence.

The software developer said the project will use a performance-based financial model rather than traditional milestone payments, aligning funding with efficiency improvements and cost savings.

Gorilla said it expects revenue to scale from 2026-2027 as the system becomes fully operational, with long-term revenue generated over the project's lifespan.

Shares of the company were up more than 27% in recent Monday premarket activity.

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