Nanotech bags master supply deal for 1 GWh of batteries in Greece

• The European arm of US graphene-based batteries maker Nanotech Energy Inc has secured an order to supply greater than 1 GWh of battery energy storage systems (BESS) for projects in Greece.

Nanotech Energy Europe BV has gotten a master purchase agreement that requires it to supply the equipment through 2028, it said on Thursday. The client is Athens-based Smile Energy.

Nanotech Energy states it is currently the world's only producer of high-performance non-flammable graphene-based batteries. The business clarified that the agreement in Greece will certainly enable it to quickly increase its service in the area as well as assist the nation enhance its power facilities and connection of energy supply.

Smile Energy aims to run the initial commercial, fixed BESS for numerous Greek islands. The firm is already establishing 300 MW of solar projects in Greece, Bulgaria as well as Romania, plus 700 MWh of energy storage space schemes in the exact same area.

"That Nanotech Energy's battery innovation is secure, much longer enduring than conventional batteries, and works in temperature levels approximately 60 ° C all creates an engaging proposal," stated Ioannis Apostolos Bobolas, general supervisor of Smile Energy, including that these items will provide the company a "distinctive competitive advantage" on the market.