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Exro receives first pilot order for battery energy storage and lifts NDA with Brazilian partner

CALGARY — Exro Technologies Inc., a clean-technology company that develops new generation power-control electronics that expand the capabilities of electric motors and batteries, announced a milestone in its first in-field pilot location for its Cell Driver Energy Storage System in partnership with post-secondary institution Red Deer Polytechnic, in Central Alberta.

Exro is moving Brazilian partner Giaffone Electric out of a nondisclosure agreement (NDA). This milestone is marked by purchase order commitments for Exro’s 800 Volt Coil Driver System to be integrated into Giaffone electric commercial vehicles with initial deliveries beginning in Q4 2023.

Red Deer Polytechnic has agreed to purchase Exro’s Cell Driver Battery Energy Storage System with plans to integrate It into its on-campus Energy Innovation Centre in early Q1 2024, following UL certification for the technology which remains on track for late Q4 2023. The energy storage system will be coupled with a rooftop solar system in collaboration with channel partner, Inferno Solar. Exro’s Cell Driver is the latest technology addition to the Energy Innovation Centre’s Alternative Energy Lab which opened in February 2019 to serve as a research, teaching, and data hub to remove barriers to adopting green technology opportunities in Alberta.

“We are thrilled to announce the first of several near-term pilot projects for our Cell Driver Battery energy storage system technology,”said Sue Ozdemir. “The pilot projects represent our ability to commercialize the Cell Driver in parallel to the final months of UL testing. These pilots will serve to demonstrate our best-in-class battery control through the collection of real-time metered data on commercial industry-building applications in North America. The C&I industry is a growing sector forecasted to be up to $14 billion by 2027 (McKinsey et al, 2023). Exro is well positioned to become a market leader for commercial & industrial energy storage applications.”

The pilot with Red Deer Polytechnic is the first of several initial pilots Exro has planned in the months ahead.