The $500,000 investment will support a first of its kind, solar EV charging project-partnership between TROES Corp. and Day & Night Solar
The Ontario Vehicle Innovation Network (OVIN) is providing $500,000 in funding to support a $1.5 million project partnership between TROES Corp, an advanced commercial and industrial battery energy storage technology solution provider, and U.S.-based solar project developer, Day & Night Solar.
The project is the first of its kind, combining innovative features such as a portable EV charger, foldable solar panel, smart energy storage, and microgrid control. This unique combination of cutting-edge technologies is set to revolutionize the field of EV charger solutions across Ontario.
“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.”
The $500,000 investment was awarded to TROES (‘The Revolution of Energy Storage’) through the Ontario Vehicle Innovation Network’s EV Stream 2 funding. First announced in 2021, OVIN is an initiative of the Government of Ontario, led by the Ontario Centre of Innovation (OCI), and supported by the Ministry of Economic Development, Job Creation and Trade. OVIN will reinforce Ontario’s position as a North American leader in advanced automotive technology and smart mobility solutions.
“OVIN 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,” said Claudia Krywiak, President and CEO of the Ontario Centre of Innovation.
The project addresses a number of market issues including standard transportation tendencies, complex deployment processes, high costs, increasing demand for EV charging solutions and high loads on the power grid.
Functioning as a transportable battery energy storage system, the project has a truck or train design and can deploy power to different locations while maintaining self-sustainability without a connection to the power grid. This cutting-edge design incorporates a 533kWh TROES BESS, a 50kw foldable solar array, two level 2 EV chargers, and one fast DC 100kW charger. The entire system is mounted on a 53ft flatbed truck and folds into a cube for movement; once it reaches its destination, mechanical controls deploy the solar array and activate the system.
“Through the Ontario Vehicle Innovation Network, our government is helping develop and deploy innovative new technologies and solutions across the automotive, mobility, and EV sectors,” said Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade. “This unique partnership between TROES and Day & Night Solar will create more good-paying jobs for workers across Ontario’s automotive supply chain while driving economic growth. This partnership illustrates that Ontario continues to build a competitive environment to attract investments from companies around the world.”
“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 by developing, designing, manufacturing, and delivering cloud based intelligent, highly modular and adaptable turn-key systems.
Follow us on LinkedIn and visit troescorp.com to know more about TROES’ advanced Battery Energy Storage Systems, its proprietary technology, the various applications and its benefits and advantages over other competitive systems.
About the Ontario Vehicle Innovation Network (OVIN):
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 the automotive and mobility sector in areas 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 supports, and demonstration grounds, OVIN provides a competitive advantage to Ontario-made automotive and mobility technology companies and cluster.
About the Ontario Centre of Innovation (OCI):
The Ontario Centre of Innovation (OCI) brings industry, academic, and government partners together to invest in collaborative R&D, technology development, and commercialization opportunities that generate the highest return on innovation for Ontarians.
As an ecosystem connector, OCI initiates unparalleled partnership opportunities, develops and manages successful industry-academic collaborations, supports high-potential SMEs in commercializing ground-breaking research, and provides hands-on training and skills development opportunities for the next generation of highly-skilled talent.
OCI drives economic growth and job creation through investments in the development, commercialization, and adoption of advanced technologies.
For more information: https://www.oc-innovation.ca