- The $70-billion global power inverter market is expected to climb to $95 billion by 2028
- Hillcrest has patented new inverter technology with an initial focus on the EV market that can make EVs lighter and more powerful with extended range
- The company has released an updated white paper on the benefits of the technology, which has quickly caught the attention of companies across multiple industries
It’s not uncommon for new technology to start out slow and then hit a hockey-stick type of growth. The reasoning is simple: it takes time to get the concept mainstream and then more companies jump in the mix, exponentially increasing the manpower and investment behind it. Take electric vehicles (“EVs”) for instance. A decade ago, there were only a handful of players. Now, some carmakers are transitioning to all electric and countries globally are under mandates to eliminate fossil-fuel-powered vehicles entirely in the coming decades. To that point, some of the technology of the future isn’t exactly far down the road. “Tomorrow is today,” as explained by Don Currie, CEO of Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F), in a recent Bell2Bell podcast.
Headquartered in Vancouver, British Columbia, Hillcrest is a clean technology company developing high-value, high-performance power conversion technologies and digital control systems for next-generation powertrains and grid-connected renewable energy systems. Specifically, Hillcrest is in the…
NOTE TO INVESTORS: The latest news and updates relating to HLRTF are available in the company’s newsroom at https://ibn.fm/HLRTF
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