- Hillcrest Energy (HEAT) has signed a memorandum of understanding (MOU) with a global tier-1 automotive supplier
- The parties will integrate an optimized version of Hillcrest’s 250 kW, 800 V inverter into a future 350 kW powertrain system
- The joint project is expected to run through 2023
- Hillcrest Energy develops clean power conversion technologies and digital control systems for powertrains and grid-connected renewable energy systems
- Hillcrest Energy Technologies (HEAT) is up by 11.11 per cent, trading at $0.15 per share
Hillcrest Energy (HEAT) has signed an MOU with a global tier-1 automotive supplier.
The parties will integrate an optimized version of Hillcrest’s 250 kW, 800 V inverter into a future 350 kW powertrain system.
Hillcrest’s inverter technology has been proven in product testing to reduce losses and dramatically improve efficiency, performance and reliability. It can be deployed in a variety of power systems, from commercial and industrial electric transport to grid-tied renewable energy and storage.
The joint project is expected to run through 2023.
The news follows last week’s announcement of an MOU with Hercules Electric Mobility.
“Our partner is an early leader in electrification and has a shared understanding that efficiency is at the core of our electrified future,” stated Don Currie, Hillcrest’s CEO. “We are thrilled to collaborate on a project that could become the basis for many future products.”
Hillcrest Energy develops clean power conversion technologies and digital control systems for powertrains and grid-connected renewable energy systems.
Hillcrest Energy Technologies (HEAT) is up by 11.11 per cent, trading at $0.15 per share as of 11:18 am EST.