- Hillcrest Energy Technologies (CSE:HEAT) announced an expansion of its partnership with Ocean Batteries, a leader in marine electrification and energy storage
- The collaboration will now encompass advanced electric vehicle (EV) chargers and onboard energy storage systems tailored for marine environments
- Building on their June 2024 joint development agreement, the integration of ZVS technology is expected to revolutionize the way energy is managed in marine applications
- Hillcrest Energy Technologies stock (CSE:HEAT) last traded at $0.19
Hillcrest Energy Technologies (CSE:HEAT) is expanding its joint development agreement with Ocean Batteries to deliver its unique equipment.
Hillcrest, known for its high-efficiency power conversion technologies, has announced an expansion of its partnership with Ocean Batteries, a leader in marine electrification and energy storage.
This move comes in response to increasing demand from Ocean Batteries’ customers for innovative solutions that extend beyond traditional onshore marine energy storage.
Initially focused on onshore applications, the collaboration will now encompass advanced electric vehicle (EV) chargers and cutting-edge onboard energy storage systems tailored for marine environments. By leveraging Hillcrest’s proprietary Zero Voltage Switching (ZVS) technology, the partnership aims to develop ultra-efficient solutions that promise significantly reduced operational losses and enhanced 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,” Don Currie, CEO of Hillcrest Energy Technologies said in a news release. “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.”
Building on their June 2024 joint development agreement, the integration of ZVS technology is expected to revolutionize the way energy is managed in marine applications, providing a more efficient and reliable power source for both onboard systems and EV charging stations. This initiative not only addresses the immediate needs of the marine industry but also positions both companies at the forefront of the transition to greener energy solutions.
As the marine sector increasingly seeks to adopt electrification and energy storage technologies, this partnership is poised to deliver significant advancements that align with global sustainability goals.
Ocean Batteries develops high efficiency marine electrification systems.
Hillcrest Energy Technologies Ltd. is developing high-performance control systems and electric power conversion devices for next-generation powertrains, charging applications and grid-connected renewable energy generation and storage systems.
Hillcrest Energy Technologies stock (CSE:HEAT) last traded at $0.19 and has fallen 29.63 per cent since the beginning of the year.
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(Top image: Hillcrest Energy Technologies Ltd.)
