Nanotech Energy Europe BV signs 1Gwh+ deal to supply Battery Energy Storage Systems (BESS) in Greece

AMSTERDAM, October 20, 2022 /PRNewswire/ –Nanotech Energy Europe BV, a wholly owned subsidiary of Nanotech Energy Inc., confirms today that it has signed a master purchase agreement to supply 1+ GWh of BESS battery energy) until 2028 to Smile Energy in Athens, Greece.

This agreement highlights the paramount value of Nanotech’s safe and long-lasting graphene battery in the energy storage market. The partnership with Smile Energy will enable the immediate expansion of Nanotech’s energy storage business in a region that is committed to developing the world’s largest 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 infrastructure stability and continuity of energy supply.

dr. Jack KavanaughCEO and President of Nanotech Energy, Inc., said, “We are delighted to enter into these agreements with one of Europe the most forward-thinking renewable energy providers. As the world transitions to a new energy mix, battery storage will be critical to maximizing green power opportunities. We look forward to working closely with Smile Energy for many years to come.”

Ioannis Apostolos BobolasCEO of Smile Energy, said, “Using Nanotech Energy’s safe graphene battery technology will give us a clear competitive advantage in energy storage. The southern climate Europe is ideal for solar power, but it also presents challenges. The fact that Nanotech Energy’s battery technology is safe, lasts longer than traditional batteries and operates at temperatures up to 60°C all make it a compelling proposition. »

Smile Energy aims to operate the first commercial and stationary BESS for several Greek islands. It currently has 300 MW of solar developments in Greece, Bulgaria and Romania, alongside 700 MWh 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 the BESS for private homes, commercial real estate and the maritime sector and expanding to the Balkans and the Middle East.
www.smile-energy.gr

About Nanotechnology Energy
Nanotech Energy is on a mission to bring transformative graphene-based energy storage products from the research lab to the mass market. Our super-high-area single-layer graphene material is already 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 prominent UCLA scientists Dr. Richard Kaner and Dr. Maher El-Kady, Nanotech Energy is headquartered 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.

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