Cooperation with Mc Energy broadens the field of use for Nilar's batteries
Nilar International AB has signed a letter of intent with Dutch Mc Energy B.V., specialized in the design and production of advanced energy storage solutions. Mc Energy develops customized energy storage systems that are primarily aimed at industrial users. This is a further step in Nilar's strategy to, together with a few close partners, develop safe battery solutions where Nilar's stationary batteries reach their full potential.
- The letter of intent is a milestone in Nilar's strategic approach. Mc Energy complements existing collaborations and offers additional areas of use for Nilar's advanced battery technology, says Erik Oldmark, CEO of Nilar International AB.
Mc Energy builds battery solutions that can be installed both indoors and outdoors in container units. The letter of intent contains specific areas for increased collaboration, with projects and initiatives in three consecutive areas:
- A "Proof of concept" project, where Nilar batteries will be integrated and tested together with Mc Energy's GridConn solution - the very brain that controls the charging and discharging of the battery.
- A pilot project where Nilar supplies batteries for 7 Mc Energy BattPack 60 systems. BattPack is a complete energy store and each unit contains 50 Nilar battery packs.
- Create conditions for volume production of hundreds of Mc Energy BattPacks to satisfy the market with tens of MWh. BattPacks are based on second generation Nilar ReOx batteries and battery management systems.
The agreement with McEnergy confirms that Nilar has a strong offer. The demand for stationary batteries continues to increase, especially when society's need to plan its energy consumption becomes greater due to the European energy crisis and an increased share of fossil-free energy production.
For further information, please contact:
Erik Oldmark, CEO
+46 70 432 4444
erik.oldmark@nilar.com
Press contact:
Matilda Ekman Vråmo
+46 72-213 01 28
matilda.ekman.vramo@nilar.com
About Nilar:
Nilar is a Swedish-based developer and manufacturer of batteries aimed for stationary electrical energy storage systems. Energy storage can be used to bridge the gap between energy production and consumption, for example to better exploit the potential of intermittent electricity production from renewable energy sources, such as solar and wind power. Energy storage systems will also play a key role when it comes to reinforce increasingly strained electricity grids. Nilar's battery technology is Nickel Metal Hydride (NiMH) based on a water-based electrolyte, resulting in a strong environmental, safety and performance profile. The company is headquartered in Täby and the energy efficient production, powered by 100% renewable energy, is since 2012 based in the Gävle, where the company's research and development also takes place.
The NILAR share is listed on Nasdaq First North Premier Growth Market. FNCA Sweden is Certified Adviser +46 (0)8-528 00 399. For more information, see www.nilar.com.
This information is information that Nilar International AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-11-14 08:00 CET.
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