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Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) Helps Power Global EV Adoption through Innovation

  • Worldwide initiatives to slash carbon emissions, recently bolstered by the Inflation Reduction Act in the United States, are underpinned by EV uptake, which needs innovation to scale and reach critical mass
  • Hillcrest Energy Technologies has developed a cutting-edge 250-kilowatt, 800-volt Silicon Carbide (“SiC”) EV inverter that has captured the attention of leading firms
  • Hillcrest has recently inked new partnerships, including one with a global Tier 1 automotive supplier, for the purpose of commercializing new inverters for electric mobility applications

With 1.4 billion vehicles in use today and around 1 percent of them powered by electricity, the move to decarbonize the transportation industry is accelerating yet also has far to go. The U.S. Inflation Reduction Act signed into law in August is arguably the most significant piece of U.S. legislation designed to accelerate adoption of electric vehicles (“EVs”) and promote innovation, which is going to have to come from all angles to meet global carbon goals in the next eight years.

Sure, it’s simple to say, “everyone just needs to get an electric vehicle,” but it is more complicated than that. Consider that the Argonne National Laboratory is constantly analyzing data to try and figure out where to put new charging stations to ensure fair access and that research is still relatively nascent in…

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