ReOx 2 launch Nilar Indutecc Enequi SRP Zuid


With ReOx, Nilar became the first in the world to produce a battery that can be restored with new life. Now the company is taking the next step and launching the second generation ReOx battery that can provide more cycles and has better performance. The launch represents an important technological step for Nilar. Indutecc Renewable Solutions has previously placed an order of SEK 110 million for the new battery, for which production will begin in early 2024.
Nilar Indutecc Enequi Erik Oldmark Håkan Svärd Rino van Deventer ReOx 2 SRP Zuid Willem Schuurman Ronald Onink

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Swedish-based Nilar International AB develops and manufactures batteries that are part of stationary energy storage systems. With better energy storage, society can support the increasingly stressed electricity grid by bridging imbalances between energy production and demand, especially important as the share of renewable energy sources increases. Nilar's battery technology is based on nickel metal hydride (NiMH) electrochemistry with a water-based electrolyte, which provides higher safety while allowing the components to be recycled and reused. Nilar has its headquarters in Täby and since 2012 all batteries have been developed and produced in the production facility in Gävle, which is powered by 100% renewable energy. The Nilar share is listed on the Nasdaq First North Premier Growth Market under the ticker NILAR. FNCA Sweden is Certified Adviser. For more information see www.nilar.com.

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