Budderfly

Budderfly? [Confirmed by Budderfly, but no confirmation from EXRO as of Nov 15, 2024]

    August 12, 2024 News Release: Cell Driver Pilot Strategic Agreement and purchase order
    • Strategic agreement between Cellex Energy Inc. (“Cellex”) and a premier North American “Energy as a Service” (EaaS) partner
    • Agreement includes binding purchase order for 10 Cell Driver pilot units for deployment in key energy markets with focus on California and New England
    • Binding purchase order follows directly after Cell Driver awarded ETL certification to UL standard 9540
    • Cellex’s new EaaS Partner is in the market of providing comprehensive energy management solutions to a portfolio of commercial customer clients across the USA
    • The EaaS Partner will own and operate the Cell Driver energy storage systems, with installers already identified and currently being trained on the technology.
    • These units will be deployed in key energy markets, with a focus on customers in California and New England.
    • Host sites have been qualified and equipment is being specified for these locations, ensuring a seamless integration process.
    • In addition to the key geographical coverage, these projects will showcase Cell Driver operating in several modes such as standalone backup power, solar-assisted backup power, plus grid-tied features including demand charge management, solar self-consumption, and net-zero export.
    • The systems will participate in various local demand response programs, functioning as part of a virtual power plant (VPP).
    • It is planned for several sites to feature multiple Cell Driver energy storage systems (units stacked together), highlighting the scalability and effectiveness of the technology.
    • As part of this Agreement, 10 Cell Driver units are being purchased for deployment during a 12-month pilot phase.
    • Payment terms include six invoicing milestones starting from the time of site selection up to two years from delivery.
  • The company will first deploy Exro Technologies’ batteries…
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