- Exro Technologies Inc. (EXRO) has signed a channel partnership agreement with Greentech Renewables Southwest
- This non-exclusive partnership has been planned to accelerate and amplify Exro’s market presence for its Cell Driver Energy Storage System product offering
- Primary objectives for this year include introducing the Cell Driver product to Greentech’s network of commercial integrators in two phases
- The Cell Driver product remains on schedule to complete the certification required to connect to the power grid in North America by late 2023
- Exro Technologies Inc. (EXRO) is up 11.52 per cent, trading at $3.00 per share as of 1:13 p.m. EST
Exro Technologies (EXRO) has signed a channel partnership agreement with Greentech Renewables Southwest.
Greentech Renewables is a division of one of the largest solar equipment distributors in the U.S.
This non-exclusive partnership has been planned to accelerate and amplify Exro’s market presence for its Cell Driver Energy Storage System product offering, targeting Greentech’s growing demand for energy storage in commercial and industrial applications as well as EV charging stations.
The company’s primary objectives for this year are to introduce the Cell Driver product to Greentech’s network of commercial integrators. This will happen in two phases beginning with the development of a joint sales and marketing plan which includes a pilot project. Sites are already being evaluated for the pilot.
The second phase of the agreement will have Greentech provide a flexible product demand forecast on a rolling 12-24-month period over the five-year term of the agreement.
The collaborative energy storage system, made up of Exro’s Cell Driver ad Greentech’s solar panel products and services, will be designed to serve as a flexible energy asset that supports peak shaving and grid reliability while also having potential applications for fully off-grid projects.
The Exro Cell Driver provides increased control over battery cells for superior charging, deeper discharge rates, enhanced safety, and continuous operation. The Cell Driver product remains on schedule to complete the certification required to connect to the power grid in North America by late 2023.
Exro Technologies Inc. (EXRO) is up 11.52 per cent, trading at $3.00 per share as of 1:13 p.m. EST.