- Exro's Battery Control System (BCS) enables the utilization of
second life battery applications after successfully demonstrating
cell balancing with aftermarket batteries in a 25kW 150kWh Energy
Storage System.
- Exro will now move forward to validate the BCS in a grid
connected 250kW 1.5MWh ESS by the end of 2021 and define
performance metrics for state of health and extending battery
life.
- In parallel, the Company is building the BCS platform with the
intent to launch commercialization of an Exro powered Energy
Storage System in 2022.
CALGARY, AB, May 19, 2021 /CNW/ - Exro Technologies Inc.
(TSXV: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a
leading clean technology company that has developed a new class of
power electronics for electric motors and batteries, is pleased to
announce that it has successfully completed its pilot Battery
Control System ("BCS") in an operating second life energy storage
environment.
The BCS pilot was tested in a 25kW 150kWh Energy Storage System
with aftermarket battery cells, multiple inverters, and a grid
level simulator. A 25kW 150kWh Energy Storage System is often found
powering a small commercial space like offices or storage
facilities. The ESS balanced all battery cells operating with
different states of charge successfully at full depth of discharge.
Successful cell balancing from different states of charge enables
the utilization of second life battery applications. This
achievement validates that the BCS can optimize batteries for
efficient second life operations.
Exro's patented Battery Control System is an innovative battery
management inverter combined with an advanced cell control software
that can expand the capabilities of batteries by enabling a greater
depth of control on the cells. The battery cells in an electric
vehicle reach end of life usually within five to ten years,
depending on battery conditions. These batteries can be optimized
and repurposed into an Energy Storage System for a new second life.
Exro's BCS has been developed on the foundation of repurposing
batteries into an ESS but can also be utilized as an effective
solution for first life applications.
The Company will now move forward to validate the BCS modular
design in a grid connected 250kW 1.5MWh ESS by the end of 2021 and
define performance metrics for state of health and extending
battery life. A 250 kW 1.5MWh ESS is often found powering
industrial mid-size facilities and utilities. The Exro BCS design
will be able to scale from small commercial to large industrial
applications. In parallel, the Company is building the BCS platform
with the intent to launch commercialization of Exro powered ESS
solutions in 2022.
"This is a major step forward for us in delivering a superior
and more cost-effective battery energy storage system to market,"
said Anthony Anello, President of
the Battery Division at Exro, who has extensive experience in the
renewable energy industries and joined Exro in early 2020 to drive
the Battery Division forward. Anthony is a highly accomplished
industry executive with nearly 20 years leading and innovating at
high-growth renewable companies including the revolutionary
SunEdison participating in the first large multi–Megawatt
commercial deployment of solar energy. "The BCS will have the
potential to set new industry standards in safety, performance, and
costs for energy storage solutions."
About Exro Technologies Inc.
Exro is a clean technology company pioneering intelligent
control solutions in power electronics to help solve the most
challenging problems in electrification. Exro has developed a new
class of control technology that expands the capabilities of
electric motors, generators, and batteries. Exro enables the
application to achieve more with less energy consumed.
Exro's advanced motor control technology, the Coil
DriverTM, expands the capabilities of powertrains by
enabling two separate torque profiles within a given motor. A major
advancement in the sector, dynamic motor configuration enables
efficiency optimization for each operating mode resulting in
reduction of energy consumption. The controller automatically
selects the appropriate configuration in real time so that power
and efficiency are intelligently optimized.
For more information visit our website at www.exro.com.
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ON BEHALF OF THE BOARD OF DIRECTORS
Sue Ozdemir, Chief Executive
Officer
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING
STATEMENTS
This news release contains forward-looking statements and
forward-looking information (together, "forward-looking
statements") within the meaning of applicable securities laws. All
statements, other than statements of historical facts, are
forward-looking statements. Generally, forward-looking statements
can be identified by the use of terminology such as "plans",
"expects", "estimates", "intends", "anticipates", "believes" or
variations of such words, or statements that certain actions,
events or results "may", "could", "would", "might", "will be
taken", "occur" or "be achieved". Forward looking statements
involve risks, uncertainties and other factors disclosed under the
heading "Risk Factors" and elsewhere in the Company's filings with
Canadian securities regulators, that could cause actual results,
performance, prospects and opportunities to differ materially from
those expressed or implied by such forward-looking statements.
Although the Company believes that the assumptions and factors used
in preparing these forward-looking statements are reasonable based
upon the information currently available to management as of the
date hereof, actual results and developments may differ materially
from those contemplated by these statements. Readers are therefore
cautioned not to place undue reliance on these statements, which
only apply as of the date of this news release, and no assurance
can be given that such events will occur in the disclosed times
frames or at all. Except where required by applicable law, the
Company disclaims any intention or obligation to update or revise
any forward-looking statement, whether as a result of new
information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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SOURCE Exro Technologies Inc.