Hillcrest Energy Technologies (TSE:HEAT) has released an update.
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Hillcrest Energy Technologies has announced a joint development with Ocean Batteries AS to deliver and integrate Hillcrest’s ZVS inverter prototypes into onshore energy storage systems. This partnership signifies Hillcrest’s entry into the grid-connected application space, potentially enhancing future revenues with the European energy storage market expected to grow significantly by 2029. Hillcrest’s collaboration with Ocean Batteries is set to meet the increasing demand for efficient and sustainable energy storage solutions.
For further insights into TSE:HEAT stock, check out TipRanks’ Stock Analysis page.
