Exro Technologies (TSX.V: EXRO) (OTCQB: EXROF), a leading clean technology company that has developed a new class of power electronics for electric motors and batteries, has plans to repurpose used batteries into second-life, energy-storage systems. EXRO is teaming up with ev Transportation Services Inc. (“evTS”), a specialty EV manufacturer that produces purpose-built commercial utility vehicles, for the project, which will use batteries from evTS’ flagship FireFly(R) ESV. According to the announcement, repurposing the batteries, which will be done by using EXRO’s proprietary Energy Storage System (“ESS”), equipped with its Battery Control System(TM) tech, will provide five to ten years of additional second-life use from the batteries. The announcement also noted that Exro will look at how its technology may be able to optimize the FireFly ESV batteries’ first-life applications. In addition to extending the life of the batteries, the partnership will help demonstrate Exro’s ability to reduce both carbon emissions and rare earth material consumption. “As electric vehicle batteries reach end of first life, we know there is a growing market for LFP batteries that can be repurposed for second-life energy storage applications,” said Exro CEO Sue Ozdemir in the press release. “EV manufacturers can experience significant cost savings by reviving and utilizing second-life batteries, and we’re excited to partner with evTS on a pilot project to extend the life of their FireFly ESV batteries, while supporting their sustainable electric vehicle repurposing processes.”
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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. The company’s advanced motor control technology, the Coil Driver(TM), expands the capabilities of electric powertrains by enabling intelligent optimization for efficient energy consumption. Exro is working with partners from all over the world to bring its technology to the electric mobility industries and beyond. For more information about the company, please visit www.Exro.com.
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