AMSTERDAM, October 20, 2022 /PRNewswire/ –Nanotech Energy Europe BV, a wholly owned subsidiary of Nanotech Energy Inc., today confirms that it has signed a master purchase agreement to supply BESS (battery energy storage systems) of more than 1 GWh until 2028 to Smile Energy at Athens, Greece.
This agreement highlights the paramount value of Nanotech’s safe, long-cycle graphene battery for the energy storage market. The partnership with Smile Energy will enable the immediate expansion of Nanotech’s energy storage business to a region that has committed to developing the world’s leading solar infrastructure. Together, Nanotech and Smile will play a key role in supporting Greece and the surrounding region to take the next steps to ensure the stability of the infrastructure and the continuity of the energy supply.
dr jack kavanaughCEO and President of Nanotech Energy, Inc., said, “We are delighted to secure these agreements with one of of Europe forward-thinking renewable energy providers. As the world transitions to a new energy mix, battery storage will be critical to maximizing green energy opportunities. We look forward to working closely with Smile Energy for many years to come.”
Ioannis Apostolos BobolasGeneral Manager of Smile Energy, said: “Using Nanotech Energy’s safe graphene battery technology will give us a clear competitive advantage when it comes to energy storage. The southern climate Europe it is ideal for solar energy, but it also presents challenges. The fact that Nanotech Energy’s battery technology is safe, lasts longer than traditional batteries, and operates in temperatures up to 60°C, is a compelling proposition.”
Smile Energy aims to operate the first commercial stationary BESS for various Greek islands. It currently has 300MW of solar developments in Greece, Bulgaria Y Romania, along with 700MWh of energy storage under development in the same region. It will now use Nanotech Energy’s safe and non-flammable battery technology to consider developing BESS for private homes, commercial real estate and the marine sector and expanding to the Balkans and the middle East.
About nanotech energy
Nanotech Energy is on a mission to bring transformative graphene-based energy storage products from the research lab to the mass market. Our single-layer, very high surface area graphene material is already being used in multiple applications, including non-flammable lithium-ion batteries, transparent conductive electrodes, conductive inks, printed electronics, conductive epoxy, anti-static coatings, and EMI shielding ( electromagnetic interference).
Founded in 2014 by Dr. Jack Kavanaugh and leading UCLA scientists Dr. Richard Kaner and Dr. Maher El-Kady, Nanotech Energy is based in Los Angeles and is a private company backed by Multiverse Investment Fund, Fubon Financial Group and other strategic partners. investors Learn more at https://nanotechenergy.com.
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SOURCE Nanotech Energy Inc.