On February 7, 2023, Exro Technologies Inc. (Exro), a leading clean technology firm that has developed new generation power control electronics that extend the capabilities of electric motors and batteries, announced entering into a channel partnership agreement with Greentech Renewables Southwest (Greentech), one of the major solar equipment distributors in the United States.
The agreement is coherent with Exro's targeted go-to-market strategy for its Cell Driver™ Energy Storage System (Cell Driver™) product offering, partnering with renowned clean energy integrators to provide scalability and expertise in order to enhance and accelerate market penetration to commercial and industrial (C&I) customers.
The non-exclusive partnership will expedite Exro's market presence by addressing Greentech's expanding demand for energy storage in C&I applications and EV charging stations.
The primary goal for 2023 is to successfully present the Cell Driver™ product to Greentech's network of commercial integrators. It is anticipated that these objectives will be accomplished in two phases, commencing with the development of a collaborative sales and marketing plan that includes a pilot project for which multiple locations are being examined. During the second phase of the agreement, Greentech and its network of solar installers will provide a flexible 12 and 24-month rolling demand forecast for the duration of the 5-year agreement.
The Exro Cell Driver™ offers more control over battery cells, resulting in more efficient charging, deeper discharge rates, higher safety, and uninterrupted operation. This allows commercial and industrial establishments to regulate energy usage, protect against grid failures, store energy produced on-site, and profit from peak shaving and load shifting.
Additionally, Cell Driver™ is outfitted with Exro's proprietary Battery Control System™, which dynamically manages cells depending on their State-of-Charge (SoC) and State-of-Health (SoH). This enables micro-protection systems to isolate defects electronically, drastically lowering the likelihood of thermal runaways without interfering with system performance. With its active cell balancing features, the Exro Cell Driver™ addresses issues in the stationary energy storage market while also providing an appropriate solution for the influx of retired electric car batteries by repurposing them into a second life in stationary energy storage.
About Exro Technologies Inc.
Founded in 2014, Exro Technologies Inc. is a leading clean technology firm that has developed new generation power control electronics that are changing how the world optimizes energy by increasing the capabilities of electric motors and batteries. The company's cutting-edge technologies help close the performance-cost gap in stationary energy storage (Cell Driver™) and e-mobility (Coil Driver™), as well as expedite the adoption of a circular electrified economy by delivering a minimum amount of energy for maximum results.