AMSTERDAM, October 20, 2022 /PRNewswire/ –Nanotech Energy Europe BV, a wholly owned subsidiary of Nanotech Energy Inc., today confirmed that it has signed a master purchase agreement to supply 1+ GWh of BESS (Battery Energy Storage Systems) to Smile Energy by 2028 Athens, Greece.
This agreement underscores the superior value of Nanotech’s safe, long-life graphene battery for the energy storage market. The partnership with Smile Energy will enable immediate expansion of Nanotech’s energy storage business into a region committed to developing the world’s leading solar infrastructure. Together, Nanotech and Smile will play a key role in support Greece and the surrounding region to take the next steps to ensure infrastructure stability and energy continuity.
DR Jack KavanaughNanotech Energy, Inc. CEO and Chairman said, “We are very pleased to enter into these agreements with one of Europe the most future-oriented providers of renewable energies. As the world transitions to a new energy mix, battery storage will be crucial to maximize 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: “The deployment of Nanotech Energy’s safe graphene battery technology will give us a significant competitive advantage in energy storage. The climate of the south Europe is ideal for solar energy, but it also presents challenges. That Nanotech Energy’s battery technology is safe, lasts longer than conventional batteries and works in temperatures of up to 60°C is a compelling proposition.”
Smile Energy wants to operate the first commercial, stationary BESS for several Greek islands. It currently has 300 MW of solar developments Greece, Bulgaria and Romania, alongside 700 MWh of energy storage under development in the same region. It will now use Nanotech Energy’s non-flammable, safe battery technology to support the development of…
