Clean Technology Canada

Exro announces partnership with Greentech Renewables SW

February 7, 2023
By Canadian Manufacturing

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CALGARY — Exro Technologies Inc., a clean technology company that has developed new generation power control electronics that expand the capabilities of electric motors and batteries, announces that it has entered into a channel partnership agreement with Greentech Renewables Southwest, a division of Consolidated Electrical Distributors Greentech, one of the largest solar equipment distributors in the United States. The agreement aligns with Exro’s targeted go-to-market strategy for its Cell Driver™ Energy Storage System product offering, partnering with clean energy integrators that provide expertise and scalability to amplify and accelerate market penetration to commercial and industrial customers.

“We are thrilled to welcome Greentech as our first U.S. partner as we build a network of leading integrators and customers that will support taking Cell Driver to market in the multi-billion dollar commercial and industrial space,” said Exro CEO Sue Ozdemir. “As one of the largest solar solutions providers in the U.S., Greentech is a highly reputable partner through which our Cell Driver can be marketed, sold, distributed, and serviced. Partnering allows Exro the operational and financial flexibility to focus on its core products. For our shareholders, the partnership provides visibility on one of the near-term pathways to revenue for our differentiated product offering in the under-serviced commercial and industrial sector in one of the largest solar markets in the world – the sun belt of the southwestern United States.”

The non-exclusive partnership will accelerate Exro’s market presence, targeting Greentech’s growing demand for energy storage in C&I applications as well as EV charging stations.

The primary objectives for 2023 are to successfully introduce the Cell Driver(TM) product to Greentech’s network of commercial integrators. These objectives are contemplated to be met in two phases beginning with the development of a joint sales and marketing plan, including a pilot project.

Greentech Renewables Southwest is a nation-wide distributor in the renewables industry, providing customers with the appropriate tools and informational resources to design, sell, and install energy storage solutions efficiently and cost-effectively.

Exro’s Cell Driver™ remains on schedule to complete UL Certification in late Q2 2023 – certification required to connect to the power grid in North America.

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