Exro Technologies Inc T.EXRO

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

Industrials

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

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Post by JohnnyUtah44on Aug 31, 2023 5:47pm

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Post# 35614707

Capital Markets Taking Notice of ESS Market Thanks to IRA

......Ariel Fan, CEO and founder of electric vehicle charging company GreenWealth Energy, said the “large institutional confidence for investors” generated by the IRA has allowed her small company to access new sources of financing.

That certainty “helps small companies get the capital they need to start up” and “affects the ecosystem in which they do business,” Fan .....

,The U.S. is already “the biggest market for storage on a utility scale,” Peace said but the lucrative tax incentives provided by, the IRA contribute certainty to the industry that will lead to more investment from capital markets.

Peace said that under the IRA, Freyr will receive “north of a billion dollars a year” in tax credits.
“So it’s very, very lucrative for us,” he said. “That certainty also opens up the investment market. When you juice the economics with these types of tax incentives, with some certainty on the time horizon for those, it certainly helps with getting investment from the capital markets.”

***** gffa...worth the read, wish Exro was doing something to get a chunk of $$$...08/15/23