SaltX appoints EnerStore partner in Italy
The energy storage company SaltX Technology (SALT:B) – listed on NASDAQ First North Premier – and NOKA – a leading Italian renewable product and solution company – have signed a sales and distribution agreement where NOKA will act as SaltX partner for EnerStore on the Italian market. The agreement includes an initial commitment from NOKA to acquire EnerStore systems and projects worth at least 5 MSEK during 2019.
SaltX will continue throughout 2018/19 to select and decide on local partners for EnerStore.
“We are proud to have been selected as SaltX EnerStore representative for the Italian market. As a pioneer in the renewable industry and with SaltX innovative energy storage technology we believe we can make a substantial foot print on the Italian market”,says NOKA’s International Business Director, Thomas Lubbers.
“To secure the key players in local markets is part of SaltX channel partner strategy and will be essential in the global rollout of EnerStore solutions. NOKA has been thoroughly selected and we are looking forward to many years of collaboration” – says Simon Ahlin SaltX´s Head of Sales
For further information, please contact:
Karl Bohman, CEO SaltX Technology, tel: +46-705 600 268
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About EnerStore
EnerStore is an energy storage solution that stores electric power and releases heat and steam -providing cheap peak shifting of energy to cities and industries. The solution is based on nano-coated salt - a patented SaltX technology.
Renewable energy is replacing fossil fuels globally and therefore it is a growing demand for balancing, peak shifting and abortion technologies to supply renewable energy when needed. Today there are many different geographies that have an increased supply of renewable electricity and at the same time have a demand for heat and steam. In Europe for example, 50 percent of the energy consumed is for heating.
About NOKA
NOKA -https://nokagroup.com- plans and develops projects, solutions, and systems for energy efficiency and sustainable development. The key aspects of promoting the concept of environmental sustainability at a corporate level includes, energy efficiency, reduction of emissions and production and consumption of energy from zero-emission sources. These aspects are all tackled by NOKA, which is authorized to operate as an energy service company (ESCo) and to carry out energy analyses and diagnoses for virtually any company in the private or public sector.
About SaltX TechnologySaltX Technology - www.saltxtechnology.com- develops and sells patented energy storage technology. Main customers are major global OEM partners and energy companies such as Alfa Laval, Vattenfall, Mobile Climate Control and Rheem. SaltX Technology's share is listed on Nasdaq Stockholm First North Premier. SaltX Technology’s Certified Adviser is FNCA Sweden AB.
Stockholm
October 9, 2018
