The two companies cooperate to build and develop the next generation of electric hybrid powertrain for electric vehicles, specifically for trucks.
TEXEL Energy Storage, a Swedish battery development company, announced its partnership with American EV manufacturer Triton on Monday to accelerate the development of a next-generation electric hybrid powertrain for Electric Vehicles.
Lars Jacobsson, CEO and founder of TEXEL Energy Storage, said, “Our focus in the development of the TEXEL battery or energy technology has always been on circularity. We need to stop consuming our planets resource. I am glad that innovative companies like Triton and entrepreneurs like Mr. Himanshu is showing a true environmental commitment.”
The company’s hybrid technology combines storing and producing energy, like a combination of lithium batteries and hydrogen fuel.
Its technology is thermochemical. It uses metal hydrides to store energy and the world’s most advanced Stirling energy to convert to electricity.
Additionally, TEXEL said it has an exclusive license agreement with Savannah River National Laboratory (SRNL) to commercialize the thermochemical technology developed and patented by SRNL as a critical component in the new TEXEL Thermochemical Hybrid Battery.
The company claims that its Hybrid batteries are cost-effective, circular, sustainable, recyclable, and scalable, and its technology will secure the battery’s energy distribution 24/7/365.
COOPERATION WITH TRITON EV
Triton EV, an American company that manufactures electric vehicles, said that its partnership with TEXEL is essential as they aim to become a frontrunner in the electric vehicle segment.
Currently, Triton is manufacturing its vehicles in India, located in Bhuj, Gujarat. Its 3.7 million square feet facility produces electric trucks, and it also has plans to expand globally.
“It’s a great honor for Triton Electric Vehicle to partner up with TEXEL Energy Storage to change the world, and we look forward to a long and healthy relationship.” Said Himanshu B Patel, CEO of Triton Electrical Vehicle.
The collaboration between the two companies will initiate in the first half of 2023. With plans to expand their operations in the U.S., both companies visited Waco, Texas, for its potential expansion.