Hillcrest announces tech development and commercialization targets for 2023

VANCOUVER — Hillcrest Energy Technologies, a clean technology company developing power conversion technologies and control system solutions for electrical systems, has provided an update on the company’s anticipated development and commercialization targets for 2023.

Last month, the company completed of the first commercial prototype, an 800-volt, 250-kilowatt traction inverter for the EV market. This prototype validates the company’s zero voltage switching (ZVS) inverter technology and serves as the foundation upon which the company can now accelerate the pace of its building-block approach to product development. With the groundwork now complete, the company expects to deliver advancements on several new applications in the coming year.

Anticipated technology development milestones for 2023 include:

• Completion of proof-of-concept testing for a grid-tied inverter;
• Proof-of-concept testing for an Enhanced Powertrain Solution; and
• Proof-of-concept testing for a novel multi-level inverter technology.

“2023 marks a transitional year in our story, with the focus shifting to the application of our core ZVS inverter technology into new products and end uses. We are expanding our focus to include grid-tied applications while maintaining and growing relationships in the automotive sector,” said Don Currie, CEO, Hillcrest. “Our near-term objective is to engage up to two additional EV customers and ramp up new customer agreements for our grid-tied renewable energy generation and Energy Storage System (ESS) segments. Combined, we believe these development and commercialization activities will position us well to secure commitments for commercial revenues by the end of the year.”