The global demand for advanced power conversion technologies is rapidly increasing as the world moves towards ambitious climate goals and renewable energy adoption. Hillcrest Energy Technologies Ltd., based in Vancouver, is poised to lead this market with its innovative Zero Voltage Switching (ZVS) inverter technology platform. This technology aims to address inefficiencies in current inverters, offering enhanced power conversion capabilities across various sectors.
According to industry reports, the energy storage market tripled in 2023 and is projected to continue growing significantly. The power inverter market is also expected to expand at a compound annual growth rate of 18.62% from 2023 to 2032. Hillcrest’s ZVS inverter technology has garnered significant interest from EV manufacturers and various grid applications.
The ZVS inverter operates by minimizing power losses during the switching process, achieving an impressive efficiency rate of up to 99.7%. This technology can be applied in numerous sectors, such as electric vehicles, grid-connected renewable energy, and charging applications.
Strategically, Hillcrest has secured partnerships, such as with Ocean Batteries AS, to deploy its ZVS inverter technology in energy storage systems. The company has successfully completed demonstrations, including in-vehicle tests with Hercules Electric Mobility, showcasing the real-world application of its technology.
Backed by a team of industry experts and advisors, including former executives from Panasonic North America, Hillcrest is well-positioned to commercialize its technology and capitalize on the growing demand for efficient power conversion solutions. Investors in the clean technology sector may find Hillcrest Energy Technologies to be a compelling opportunity with its innovative solutions and strategic partnerships driving value.
