- Electric vehicle charging infrastructure can be notorious for its efficiency losses, with onboard car chargers habitually losing 14% or more of the energy put into the vehicle
- Hillcrest Energy Technologies has looked to address that issue through the release of their simplified EV charger solution
- The traction inverter market is projected to reach $7 billion by 2025 at a CAGR of 17.57% due to increased demand for EV’s
Electric vehicle (“EV”) owners are currently living through a scenario not entirely dissimilar to that being borne by their internal combustion engine vehicle driving counterparts. Over the past year, several car-charging operations have shifted away from EV owners paying per charging session, rather opting to have customer pay per kWh of energy input. However, and unlike gasoline-powered vehicles, paying per unit of electric power for an EV can be confounding. In one test, an EV using a commercial charging point was revealed to be taking on 27.83 kW – despite the battery pack of the vehicle boasting a total capacity of 27 kWh and still possessing a slight level of charge (https://ibn.fm/34S25). The key difference comes down to efficiency losses, a paradigm which Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F), a clean technology company developing transformative power conversion technologies, seeks to address.
According to Korean automaker Kia, it is typical for an electric vehicle’s onboard charger to lose 14 percent or more of the energy inputted on the way to the battery pack’s cells. Furthermore, electric vehicles equipped for 800V architecture – are habitually obliged to carry an onboard booster unit to…
NOTE TO INVESTORS: The latest news and updates relating to HLRTF are available in the company’s newsroom at https://ibn.fm/HLRTF
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