Nilar International AB and Enequi have entered into a strategic partnership for the development of customized solutions for energy storage in the European market. Enequi has also signed an initial order of 800 batteries from Nilar, with associated battery management system, for 100 units of Enequi's energy storage system, QuiPower Storage, with delivery starting within the third quarter of 2022. The market for stationary solutions of energy storage is growing rapidly and demand in the European market is high.

To meet customers' needs for safe, reliable, and sustainable solutions for stationary energy storage, Nilar and Enequi have entered into a strategic partnership. Enequi is a Swedish developer and supplier of intelligent solutions for energy storage, energy control, and industrial automation. Enequi delivers the system solution QuiPower, which provides property owners access to clean and environmentally friendly energy through intelligent energy storage and control; batteries are combined with software for control and hardware for energy optimization.

Enequi is experiencing a strong increase in demand for energy storage. In the past year, Europe has been hit by volatile and elevated electricity prices, and Russia's invasion of Ukraine has increased the focus on energy issues. Nilar and Enequi have also agreed on an initial order of 800 batteries equipped with BMS and Nilar's reoxygenating technology, intended for 100 units of Enequi's QuiPower Storage for delivery starting during the third quarter of 2022.

In total, this includes batteries with a capacity of 1,15 MWh and an order value of SEK 10 million. For Nilar, it will be the starting point for a ramp up of production to reach a capacity of 20 MWh in 2023, with a long-term goal of achieving a production capacity of 150-200 MWh in 2025. Nilar's strategy is to focus on developing and producing competitive batteries, BMS platform, and reoxygenating technology.

Customization and system construction takes place in collaboration with select partners. The customer applications are in the segments for residential, commercial and industrial facilities, and utility-scale energy storage, with solutions for peak shaving, backup, frequency regulation, time shifting, Uninterruptible Power Supply, islanding and off-grid.