TROES Receives Funding Support for $1.5 million Groundbreaking Mobile Portable EV Charging Solution

MARKHAM, Ontario, June 16, 2023--(BUSINESS WIRE)--TROES Corp., an advanced Commercial and Industrial Battery energy storage technology solution provider, is pleased to announce recent funding from the Ontario Centre of Innovation (OCI) as part of a total raise of 1.5 million towards a project in partnership with US-based solar project developer Day & Night Solar, LLC. This groundbreaking project is the first of its kind and combines innovative features such as a portable EV charger, foldable solar panels, smart energy storage, and microgrid control. This unique combination of cutting-edge technologies is set to revolutionize the deployment of EV charger solutions.

This project addresses prominent market issues such as standard transportation tendencies, complex deployment processes, high overall costs, the increasing demand for EV charging solutions, and high loads on the existing power grid. The product is well-suited to non-urban environments, enabling EV charging capability without the need for permanent infrastructure.

This mobile battery energy storage system can deploy power to various locations while maintaining self-sustainability without a connection to the power grid. This cutting-edge design incorporates a 533kWh TROES Battery Energy Storage System (BESS), a 50kw solar array, two level 2 EV chargers, and one fast DC 100kW charger. The entire system is mounted on a 53ft flatbed truck; once it reaches its destination, mechanical controls deploy the solar array and activate the system.

"TROES' unique expertise in BESS hardware + software design and manufacturing, as well as our ability to offer adaptable turn-key solutions, were key factors in obtaining this funding," said Vienna Zhou, Founder and CEO of TROES Corp. "We are excited to contribute to this innovative energy storage project, which is expected to create hundreds of new jobs in Ontario, helping to further promote the adoption of electric vehicles in the province."

"We are excited to partner with TROES Corp on this ground-breaking project," said Bob Eaton, Managing Member of Day & Night Solar. "This collaboration brings together our expertise in solar project development with TROES Corp's cutting-edge battery energy storage technology, resulting in a truly innovative solution for EV charging." DNS is excited to be bringing advanced technology to our Canadian NECA Members, tapping into their skilled labor.

"OCI funding for this unique project will offset the cost to build the portable EV charging station and meet demands for the insufficiency of public EV direct current fast charger infrastructure (DCFC)," said Claudia Krywiak, President and CEO of the Ontario Centre of Innovation.

The Ontario Centre of Innovation (OCI), funded by the Ministry of Economic Development, Job Creation and Trade, Canada, is an organization that connects Ontario innovators with industry professionals, providing funding to commercialize a new generation of Ontario intellectual property and solutions. TROES and Day & Night Solar jointly applied for OCIs Ontario Vehicle Innovation Network (OVIN) funding program, building on Ontario’s spot as a global leader in both automotive manufacturing and supply jurisdiction.

"On behalf of Day & Night Solar and TROES, we’d like to thank the Ontario Centre of Innovation for bridging the gap between electric vehicles and smart mobility solutions," Vienna Zhou added. "We founded TROES to be at the forefront of the energy transition from a centralized to a decentralized grid, with the goal of enabling this transition to proceed as quickly as possible. The funding will help revolutionize both the renewable energy and energy storage markets."

About TROES Corp.

TROES Corp. is a technology firm and solution provider serving renewable and microgrid-based battery energy storage solutions within the commercial, industrial, and institutional markets. TROES is building a global champion in the decentralized energy environment by bringing modular hardware and in-house software to offer a complete "Microgrid-in-a-Box" turn-key solution.

TROES differentiates itself by developing, designing, manufacturing, and delivering cloud based intelligent, highly modular, and adaptable turn-key systems.

Follow us on LinkedIn and visit https://troescorp.com/ to learn more about TROES’ advanced Battery Energy Storage Systems, its proprietary technology, the various applications, and its benefits and advantages over other competitive systems.

About Day & Night Solar

Day & Night Solar (DNS) is a turn-key solar integrator of high-quality solar technologies to ensure maximum energy production and efficiency. DNS is focused on the supply and delivery of optimized electrical systems that promote the concepts of conservation and rational use of energy through the implementation of the principles of efficiency, sustainability and reliability. DNS is proud to be a NECA Premier Partner.

For more information about Day & Night Solar, follow us on LinkedIn and visit https://dayandnightsolar.com/

About the Ontario Vehicle Innovation Network (OVIN)

The Ontario Vehicle Innovation Network (OVIN) is an initiative of the Government of Ontario, led by the Ontario Centre of Innovation (OCI), designed to reinforce Ontario’s position as a North American leader in advanced automotive technology and smart mobility solutions such as connected vehicles, autonomous vehicles, and electric and low-carbon vehicle technologies. Through resources such as research and development (R&D) support, talent and skills development, technology acceleration, business and technical support, and demonstration grounds, OVIN provides a competitive advantage to Ontario-made automotive and mobility technology companies.

For more information @ocinnovation: https://www.ovinhub.ca

View source version on businesswire.com: https://www.businesswire.com/news/home/20230616900198/en/

Contacts

Ivy Cheng
support@troescorp.com