Hillcrest and Ocean Batteries to Broaden Collaboration: Adding EV Chargers and Onboard Marine Energy Storage Solutions
Hillcrest Energy Technologies and Ocean Batteries AS are expanding their June 2024 joint development agreement to include EV chargers and onboard marine energy storage systems. The expanded collaboration will leverage Hillcrest's Zero Voltage Switching (ZVS) technology to develop ultra-efficient solutions with reduced operational losses. The partnership aims to address customer demands in both marine and EV sectors, with terms expected to be finalized in early 2025. Initial pilot testing of Hillcrest's ZVS inverter will follow, focusing on next-generation storage systems for sustainable marine transport and enhanced EV charging solutions.
Hillcrest Energy Technologies e Ocean Batteries AS stanno ampliando il loro accordo di sviluppo congiunto di giugno 2024 per includere caricatori per veicoli elettrici e sistemi di stoccaggio energetico marino a bordo. La collaborazione ampliata sfrutterà la tecnologia di commutazione a tensione zero (ZVS) di Hillcrest per sviluppare soluzioni ultra-efficienti con perdite operative ridotte. L'obiettivo della partnership è rispondere alle esigenze dei clienti nei settori marino ed elettrico, con termini previsti per la conclusione all'inizio del 2025. I test pilota iniziali dell'inverter ZVS di Hillcrest seguiranno, concentrandosi su sistemi di stoccaggio di nuova generazione per il trasporto marino sostenibile e soluzioni avanzate di ricarica per veicoli elettrici.
Hillcrest Energy Technologies y Ocean Batteries AS están ampliando su acuerdo de desarrollo conjunto de junio de 2024 para incluir cargadores de vehículos eléctricos y sistemas de almacenamiento de energía marina a bordo. La colaboración ampliada aprovechará la tecnología de conmutación a voltaje cero (ZVS) de Hillcrest para desarrollar soluciones ultra eficientes con pérdidas operativas reducidas. La asociación tiene como objetivo abordar las demandas de los clientes en los sectores marítimo y eléctrico, con la espera de que los términos se finalicen a principios de 2025. Se realizarán pruebas piloto iniciales del inversor ZVS de Hillcrest, centradas en sistemas de almacenamiento de próxima generación para el transporte marítimo sostenible y soluciones mejoradas de carga para vehículos eléctricos.
힐크레스트 에너지 기술와 오션 배터리 AS가 2024년 6월 공동 개발 계약을 확대하여 전기차 충전기와 선박 탑재 에너지 저장 시스템을 포함합니다. 확대된 협력은 힐크레스트의 제로 전압 스위칭(ZVS) 기술을 활용하여 운영 손실을 줄인 초고효율 솔루션을 개발할 것입니다. 파트너십은 해양 및 전기차 부문 모두에서 고객의 요구를 충족하는 것을 목표로 하며, 조건은 2025년 초에 최종 확정될 것으로 예상됩니다. 힐크레스트의 ZVS 인버터에 대한 초기 파일럿 테스트가 이루어지며, 지속 가능한 해양 운송 및 향상된 전기차 충전 솔루션을 위한 차세대 저장 시스템에 초점을 맞출 것입니다.
Hillcrest Energy Technologies et Ocean Batteries AS étendent leur accord de développement conjoint de juin 2024 pour inclure des chargeurs de véhicules électriques et des systèmes de stockage d'énergie marins embarqués. La collaboration élargie s'appuiera sur la technologie de commutation à zéro voltage (ZVS) de Hillcrest afin de développer des solutions ultra-efficaces avec des pertes opérationnelles réduites. Le partenariat vise à répondre aux demandes des clients dans les secteurs maritime et des véhicules électriques, avec des termes attendus pour être finalisés début 2025. Des tests pilotes initiaux de l'onduleur ZVS de Hillcrest suivront, se concentrant sur des systèmes de stockage de nouvelle génération pour un transport maritime durable et des solutions de recharge améliorées pour les véhicules électriques.
Hillcrest Energy Technologies und Ocean Batteries AS erweitern ihre gemeinsame Entwicklungsvereinbarung von Juni 2024 um EV-Ladegeräte und marine Energiespeichersysteme an Bord. Die erweiterte Zusammenarbeit wird Hillcrests Zero Voltage Switching (ZVS)-Technologie nutzen, um ultraeffiziente Lösungen mit reduzierten Betriebverlusten zu entwickeln. Die Partnerschaft zielt darauf ab, die Anforderungen der Kunden sowohl im maritimen als auch im EV-Sektor zu erfüllen, wobei die Bedingungen voraussichtlich Anfang 2025 finalisiert werden. Die ersten Pilotversuche mit dem ZVS-Wechselrichter von Hillcrest werden folgen und sich auf die nächsten Generationen von Speichersystemen für nachhaltigen maritimen Transport und verbesserte EV-Ladelösungen konzentrieren.
- Expansion of existing partnership into new market segments (EV chargers and onboard marine storage)
- Potential for definitive supply agreements in marine and EV markets
- Technology application broadening to address growing customer demand
- None.
Vancouver, British Columbia--(Newsfile Corp. - November 19, 2024) - Hillcrest Energy Technologies, (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI) ("Hillcrest" or the "Company"), a leader in high-efficiency power conversion technologies, and Ocean Batteries AS, a pioneer in marine electrification and energy storage, are in discussions to expand of their June 2024 joint development agreement. This move comes in response to growing demand from Ocean Batteries' customers for innovative solutions that extend beyond onshore marine energy storage to include EV chargers and cutting-edge onboard energy storage systems for marine applications.
Building on the initial focus of onshore marine energy storage, the collaboration aims to include advanced EV chargers and onboard marine energy storage systems, leveraging Hillcrest's Zero Voltage Switching (ZVS) technology. This cutting-edge innovation will enable the development of ultra-efficient solutions with significantly reduced operational losses and superior reliability.
"Expanding our partnership with Ocean Batteries would allow us to work together to directly address pressing needs from their customers for more flexible, efficient, and powerful energy solutions," said Don Currie, CEO of Hillcrest Energy Technologies. "We expect Hillcrest's ZVS technology, coupled with Ocean Batteries' expertise in marine applications, to enable the development of groundbreaking products that align with the evolving energy requirements of both the marine and EV sectors."
The parties anticipate that the expanded partnership will focus on next-generation onboard marine storage systems to support sustainable marine transport and EV chargers that deliver faster and more reliable energy transfer. With the global push towards decarbonization, both companies aim to equip their customers with robust, scalable technology that enhances clean energy adoption across applications.
The terms of the expanded partnership are expected to be completed in early 2025, with initial pilot testing of Hillcrest's ZVS inverter commencing shortly thereafter. It is expected that the collaboration will focus on jointly developing and deploying these advanced solutions for commercial use in both marine and EV markets. As part of this partnership, Hillcrest and Ocean Batteries aim to secure definitive supply agreements that could bring these innovations to a wider market, supporting long-term growth and impact in the clean energy sector.
About Hillcrest Energy Technologies Ltd.
Hillcrest Energy Technologies is a clean technology company focused on providing advanced power conversion technologies and digital control systems for next-generation powertrains and grid-connected renewable energy systems. From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified future. Hillcrest is publicly traded on the CSE under the symbol "HEAT," on the OTCQB Venture Market as "HLRTF" and on the Frankfurt Exchange as "7HI". For more information, please visit: https://hillcrestenergy.tech/.
About Ocean Batteries SA
Ocean Batteries SA specializes in highly efficient and dependable marine electrification and energy storage solutions designed to support the sustainable energy transition in marine environments. Their commitment to safety, sustainability, and technological excellence drives every aspect of their operations, ensuring they not only meet but exceed the stringent requirements of both marine and onshore environments.
CONTACT INFORMATION
Investor Relations
Don Currie
info@hillcrestenergy.tech
O: +1 604-609-0006
Toll-free: 1 855-609-0006
Public Relations
Jamie L. Hogue
jhogue@hillcrestenergy.tech
O: +1 602-793-9481
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FAQ
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