AMSTERDAM, Oct. 20, 2022 /PRNewswire/ –Nanotech Power Europe B.V., a completely owned subsidiary of Nanotech Power Inc., at this time confirms it has signed a grasp buy settlement to provide 1+ GWh dimension BESS (battery power storage programs) via 2028 to Smile Power in Athens, Greece.
This deal highlights the paramount worth of Nanotech’s secure, lengthy cycle life, graphene battery to the power storage market. Partnership with Smile Power will permit the rapid enlargement of Nanotech’s power storage enterprise to a area which has dedicated to creating the world’s preeminent photo voltaic infrastructure. Collectively, Nanotech and Smile will play a key function in supporting Greece and the encompassing area to take the following steps to make sure stability of infrastructure and continuity of power provide.
Dr. Jack Kavanaugh, CEO and chairman of Nanotech Power, Inc., mentioned: “We’re delighted to safe these agreements with one among Europe’s most forward-thinking renewable power suppliers. Because the world transitions to a brand new power combine, battery storage shall be vital to maximizing inexperienced power alternatives. We look ahead to working carefully with Smile Power collectively for a few years to come back.”
Ioannis Apostolos Bobolas, Common Supervisor of Smile Power, mentioned: “Utilizing Nanotech Power’s secure graphene battery expertise will give us a definite aggressive benefit relating to power storage. The local weather of southern Europe is right for photo voltaic power, however it additionally presents challenges. That Nanotech Power’s battery expertise is secure, longer lasting than conventional batteries, and works in temperatures as much as 60°C all makes for a compelling proposition.”
Smile Power goals to function the primary industrial, stationary BESS for a number of Greek islands. It at present has 300MW of photo voltaic developments in Greece, Bulgaria and Romania, alongside 700MWh of power storage in growth throughout the identical area. It would now use Nanotech Power’s non-flammable, secure battery expertise to contemplate creating BESS for personal properties, industrial actual property, and the marine sector and increase to the Balkans and the Center-East.
About Nanotech Power
Nanotech Power is on a mission to deliver transformative, graphene-based, power storage merchandise from the analysis lab to the mass market. Our very excessive floor space, single layer graphene materials is already being utilized in a number of functions, together with non-flammable lithium-ion batteries, clear conducting electrodes, conductive inks, printed electronics, conductive epoxy, antistatic coatings and EMI (electromagnetic interference) shielding.
Based in 2014 by Dr. Jack Kavanaugh and famous UCLA scientists, Dr. Richard Kaner and Dr. Maher El-Kady, Nanotech Power is headquartered in Los Angeles and is a privately held firm backed by Multiverse Funding Fund, Fubon Monetary Group and different strategic traders. Be taught extra at https://nanotechenergy.com.
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SOURCE Nanotech Power Inc.