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- Hillcrest remains focused on implementing its inverter technology in a wide range of grid-connected applications
- The grid-compatible ZVS inverter is expected to bring numerous benefits to V2X charging, renewable energy generation, energy storage and more
- The company continues to develop its improved powertrain solution, the missing link between electric vehicles and universal, two-way charging systems
VANCOUVER, British Columbia, Dec. 08, 2022 (GLOBE NEWSWIRE) — Hillcrest Energi Technologies (CSE: HEAT ) (OTCKB: HLRTF ), a clean technology company developing transformative energy conversion technologies and control system solutions for next-generation power systems, is pleased to announce that with the completion of Hillcrest’s first commercial zero-voltage inverter (ZVS) prototype, the company is accelerating its development activities around grid-connected power conversion technologies.
The company develops the firmware and hardware necessary to implement its ZVS inverter technology in grid-connected applications, including renewable energy generation, storage, vehicle-to-everything (V2X) and electric vehicle charging infrastructure. This opens the door to accelerate progress on the company’s grid inverter, multi-level inverter and improved powertrain solution, all part of Hillcrest’s approach to technology deployment. The completion and eventual commercialization of these network-connected Hillcrest products is expected to create multiple future revenue streams for the company.
“Our ZVS inverter technology is intentionally designed to be decoupled from the power control system, making our firmware agnostic to specific applications, allowing us to quickly adapt our technology to any motor or grid application,” said Chief Technology Officer Ari Berger. “With the completion of our commercial prototype 800-volt, 250-kilowatt traction inverter, we have laid the groundwork to facilitate our entry into grid-connected applications such as renewable energy generation and storage, and e-mobility charging.”
The next generation of grid-tied power systems will require high-frequency power electronics to better enable the smart capabilities that form a grid of a more distributed, bi-directional system containing a variety of intermittent sources. Hillcrest’s ZVS inverter technology is designed to provide new benefits to grid-connected power systems by offering a more efficient and reliable means of applying higher switching frequencies. The company’s technology will also offer improved power output quality and control benefits not currently available in most power systems.
New firmware and hardware being developed for Hillcrest’s grid-focused inverters will also accelerate progress in the development of its patented Enhanced Powertrain Solution. This technology is a universal, bi-directional charging architecture that utilizes the efficiency and high frequency switching capabilities of the company’s ZVS inverter technology to simplify the entire drive and charging system. Hillcrest expects this technology to improve the efficiency, performance and capabilities of EVs beyond what is currently available through truly universal, two-way V2X charging.
The improved drive solution is designed so that electric vehicles no longer need an on-board charger, which is expected to reduce the cost, complexity and weight of the EV powertrain. On-board chargers are also responsible for charging losses of up to 14% and their removal from the system can result in an immediate increase in charging efficiency, offering reduced charging times and costs to the end user.
In addition, the improved drive solution is intended to enable DC fast charging of the 800V traction system on existing 400V chargers without the need for an additional on-board DC/DC booster unit. Boost units are typically similar in size and cost to an EV traction inverter, so eliminating the need for this unit, as well as an on-board charger, greatly simplifies the EV and provides significant weight and cost reductions.
As the future becomes increasingly electrified, Hillcrest Energy Technologies is reinventing how to manage grid energy, use it to charge vehicles, and redistribute stored energy to stabilize the system using state-of-the-art inverter and EV drive technology.
About Hillcrest Energy Technologies
Hillcrest Energi Technologies is a clean technology company that develops high-value, high-performance energy conversion technologies and digital control systems for next-generation powertrains and grid-connected renewable energy systems. From concept to commercialization, Hillcrest invests in the development of energy solutions that will power a more sustainable and electrified future. Hillcrest is publicly traded on the CSE under the symbol “HEAT”, on the OTCKB Venture Market as “HLRTF”. For more information, visit: https://hillcrestenergi.tech/.
CONTACT INFO
investor relations
Don Currie
info@hillcrestenergi.tech
A: +1 604-609-0006
Toll Free: 1-855-609-0006
Public Relations
Scott Worden
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A: +1 313-309-9500
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATORY SERVICE PROVIDER HAS REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS ANNOUNCEMENT..
Cautionary Statement Regarding Forward-Looking Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information may be identified by the use of words such as “expects”, “intends”, “expects”, “potential”, “proposes” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “could” or “will” be undertaken, occur or be achieved. This forward-looking information is provided as of the date of this release. 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 could cause actual results, performance or achievements to differ materially from any anticipated future results, performance or expectations expressed or implied by forward-looking information. No assurance can be given that these assumptions will prove to be correct. Forward-looking statements and information are not historical facts and are subject to numerous risks and uncertainties beyond the Company’s control. Investors are advised to review 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 factors that could cause the Company’s actual results, performance and achievements to differ materially from any expected 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 publicly update or otherwise revise any forward-looking statements, except as required by law.
The photo accompanying this announcement is available at https://vvv.globenevsvire.com/NevsRoom/AttachmentNg/2df1a699-44b6-4a63-96b7-1348d6ecc48c
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