HILLCREST INVERTER
TECHNOLOGY POISED FOR CENTRAL
ROLE IN THE
REIMAGINED ENERGY FUTURE
-
Hillcrest inverter
technology holds the potential to unlock efficiency and performance
improvements.
-
Hillcrest offers a
flexible, single inverter architecture that can be applied at
nearly every stage of the electrification ecosystem.
-
Global power inverter
market expected to reach US$95B by 2028.
VANCOUVER, BC, June 20th, 2022 --
InvestorsHub NewsWire -- Momentum to electrify
and decarbonize energy systems is accelerating, transforming the
way we think about energy generation, storage, distribution and
consumption. In the midst of
reimaging our energy future, an unassuming power electronics hero
has emerged: the power inverter. While system cohorts such as
battery packs, PV panels, and electric motors are often in the
spotlight, the inverter holds the key to unlock efficiency and
performance improvements.
Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F) is a clean-technology
company developing transformative power conversion
technologies and control-system solutions for
next-generation electrical systems. Hillcrest offers a single
high-efficiency inverter architecture that can be applied at nearly
every stage of the evolving electrification ecosystem, from
renewable energy generation through the charging and operation of
an EV to provide full-cycle efficiency and performance
improvements.
"Our clean-energy technologies specifically target
efficiencies in electric machines and can be deployed to maximize
performance across a wide variety of applications within the
electric ecosystem, from electric vehicles, energy storage systems
to grid-connected power generation," said Hillcrest CEO Don Currie.
"In addition to scaling our in-house development and design
capabilities, Hillcrest has initiated targeted discussions with
strategic partners with the potential to scale with us."
Beyond the EV - Potential
applications for Hillcrest inverter technology
While Hillcrest's first application for its inverter
technology is focused on the growing EV market, the global power
inverter market is expected to reach US$95B
by 2028, up from an estimated US$70.5B market in 2021
and representing a compounded annual growth rate of more than 5%.
Hillcrest is aiming to capture a share of this future market across
nearly every segment and application.
Wind – an inverter is deployed at a wind turbine generator to
convert the AC output, with at least one additional inverter used
to deliver the power to the grid/battery.
Solar – an inverter is used to convert the DC output from the
photovoltaic panels into the AC power that flows to the
grid/battery/home.
Energy Storage Systems – an inverter is deployed to convert
the DC output from the storage system or batteries to the AC power
that flows to the grid/home/EV.
EV DC Fast Chargers – an inverter converts the AC input from
the grid/storage system to the DC output needed to charge an EV's
battery.
Across these non-motorized applications for Hillcrest's
inverter technology, the potential value proposition and benefits
include significant efficiency gains, better power quality and grid
stability, lower stress on mechanical and electrical parts, and
improved thermal management.
Within the electric vehicle market specifically, Hillcrest's
SiC high-efficiency traction inverter technology converts the DC
output from the batteries into AC input used by the motor. The
expected benefits of Hillcrest's traction inverter have been
confirmed via testing and shared in a technical white
paper published in April 2022:
-
Significant efficiency
gains – 99%+ inverter efficiency
-
Increased power density
targeting 50kW/L+
-
Significantly increased
motor efficiency
-
Lower stress on
mechanical and electrical parts/reliability
-
Improved thermal
management
In addition to the inverter technology found in the 250
kW|800V Hillcrest SiC high efficiency EV inverter, Hillcrest has
also filed a patent for an enhanced powertrain solution that offers
the potential to simplify EV charging and redefine how we envision
charging infrastructure. "One of the most exciting benefits of the
enhanced powertrain solution is the ability to eliminate the
onboard charger and booster from an EV, as well as faster, anywhere
charging including direct DC, wireless, and bidirectional charging
across current and future power levels," Currie said. "This will be
a true game-changer."
About Hillcrest Energy
Technologies
Hillcrest Energy Technologies is a clean technology company
developing high value, high performance power conversion
technologies and digital control systems for next-generation
powertrains and grid-connected renewable energy systems. From
concept to commercialization, Hillcrest is investing in the
development of energy solutions that will power a more sustainable
and electrified the future. Hillcrest is publicly traded on the CSE
under the symbol "HEAT", on the OTCQB Venture Market as "HLRTF" and
the Frankfurt Stock Exchange as "7HIA.F". For more information,
please visit https://hillcrestenergy.tech/.
CONTACT INFORMATION
Investor Relations
Cornell
Hazelton
chazelton@lambert.com
O: +1
313.309.9500
Public Relations
Scott
Worden
sworden@lambert.com
O: +1
313.309.9500
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ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
Cautionary Statement Regarding "Forward-Looking"
Information
Some of the statements contained in this news release are
forward-looking statements and information within the meaning of
applicable securities laws. Forward-looking statements and
information can be identified by the use of words such as
"expects", "intends", "is expected", "potential", "suggests" or
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actions, events or results "may", "could", "should", "would",
"might" or "will" be taken, occur or be achieved. This
forward-looking information is provided as of the date of this news
release. The forward-looking information reflects our current
expectations and assumptions and is subject to a number of known
and unknown risks, uncertainties and other factors, which may cause
actual results, performance, or achievements to be materially
different from any anticipated future results, performance or
expectations expressed or implied by the forward-looking
information. No assurance can be given that these assumptions will
prove correct. Forward-looking statements and information are not
historical facts and are subject to a number of risks and
uncertainties beyond the Company's control. Investors are advised
to consider the risk factors under the heading "Risks and
Uncertainties" in the Company's MD&A for the year ended
December 31, 2021, available at www.sedar.com for a discussion of
the factors that could cause the Company's actual results,
performance and achievements to be materially different from any
anticipated future results, performance, or achievements expressed
or implied by the forward-looking information. Accordingly, readers
should not place undue reliance on forward-looking statements. The
Company undertakes no obligation to update publicly or otherwise
revise any forward-looking statements, except as may be required by
law.
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