GENCELL and E.V. MOTORS partner to facilitate autonomous hybrid off-grid EV charging

GenCell Energy, (TASE: GNCL), an Israel-based manufacturer of fuel cell energy solutions, today announces that it has signed an agreement with E.V. Motors Ltd., an Israeli importer of electric vehicles, chargers, and energy storage systems for electric vehicles, and the exclusive Israeli representative of several companies, among them Sun Surplus Energy and Co. Ltd., a leading developer of energy storage and advanced EV charging systems.

The two companies have agreed to cooperate on developing a joint project integrating GenCell’s alkaline fuel cells with E.V. Motors’ electric vehicle charging technologies to enable autonomous off-grid hybrid electric vehicle charging stations that eliminate the need for fossil fuel backup generators. The project will provide demonstration sites that are expected to attract interest from e-mobility companies worldwide.

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This collaboration is to contribute to the worldwide delivery of the charging infrastructure required to meet the global EV charging market demand, which is expected to exceed US$207bn by 2030. * GenCell and EV Motors will create a new off-grid hybrid charging solution to provide local power supplies with zero emissions. The joint system is expected to be ready for initial deployment in Israel by the first half of 2022. Following the initial project’s success in Israel, the two companies will consider expanding the cooperation to similar projects in China and other territories via EV’s existing partner network, including Sun Surplus Energy and Co Ltd.

* Source: Guidehouse Insights, 13/10/2021 –$207-billion-by-2030

Author: KS

Source: GenCell Energy

Topic: Business News | Hydrogen News

Market: Hydrogen Stocks