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In late October, Blockmate Ventures (TSXV:MATE,FWB:8MH1) announced a binding Share Purchase Agreement with BESS Power Innovation Corporation, which owns exclusive distribution rights to Blivex Energy Technology’s lithium battery products. BESS is focused on sales, distribution and manufacturing of lithium iron phosphate and lithium ion sodium batteries and auxiliary products both for residential and industrial purposes. According to CEO Justin Rosenberg, this “first foray into the energy storage sector,” is, “an extension of the work that Blockmate has been doing with Sunified in the climate tech area,” and sees enormous opportunity in the planned licensee model.
#energystorage #investing #technologystocks
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