Exro Technologies Inc T.EXRO

Alternate Symbol(s): EXROF | T.EXRO.WT | T.EXRO.WT.A

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Exro Technologies Inc. is a clean technology company. The Company is engaged in developing power control electronics that expand the capabilities of electric motors and batteries. Its technologies include e-mobility (Coil Driver) and stationary energy storage (Cell Driver). The Coil Drive technology is an adaptive traction inverter that replaces the standard 3-phase inverter in electric vehicles. Utilizing its patented coil switching technology, the Coil Driver enables the motor to dynamically switch between two modes, series mode optimized for high torque at low speeds, and parallel mode optimized for high power and efficiency at high speeds. The Cell Driver technology is a fully integrated energy storage system designed for commercial and industrial applications. Its SEA-Drive power system provides a complete e-propulsion solution to original equipment manufacturers. It encompasses everything from high-capacity batteries and electric motors to next-generation control units.

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Exro Technologies Inc > New York Green Bank Provides $25 million credit debt facilit

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Comment by Viking2233on Jul 20, 2023 7:43pm

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Post# 35550728

RE:New York Green Bank Provides $25 million credit debt facilit

Thanks for the inffo Johnny, we all know there are $Billions of dollars in contracts for Energy storage, maybe Tesla will get this contract.

Another useless post

JohnnyUtah44 wrote: ..The credit facility will help fund NineDot Energy’s pipeline of battery storage projects in New York State, and is the first pure play energy storage transaction completed by NY Green Bank.

...NineDot is expected to use the proceeds of this revolving credit facility to finance 14 battery storage projects and the company expects that number to grow to about 40 projects or more, each up to 5 MW. NineDot reports that a 5 MW battery site can power approximately 5000 New York City households for four hours on a hot summer day.
For NYGB, this transaction supports New York State’s Climate Leadership and Community Protection Act (CLCPA) goal to develop 3 GW of storage by 2030, on the path to developing a nation-leading 6 GW of energy storage. This facility is the first purely energy storage transaction completed by NYGB....gffa..