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Thursday, February 11, 2021 11:15:46 AM
interesting too:
WARM
https://cooltechnologiesinc.com/letter-to-shareholders-february-2021/
What got my attention was this part of the letter:
Our mission is to build revenues, achieve profitability and drive shareholder value as we move into commercial production and delivery of our first product shipments this year. At the same time, we’ve continued to add new applications to our Mobile Generation (MG) Systems.
A new aspect of our mobile power generation is its ability to support the Electrical Vehicle (EV) market. An MG System can charge an EV very quickly making CoolTech enabled trucks a key asset in the field as we move toward adoption of EV fleets across the world. New cars from Porsche and Audi, for instance, claim to be able charge at higher power rates (375 kW for Porsche). This requires a sophisticated battery management system and more power to charge them via upgrades to the local grids. CoolTech’s MG System can accommodate ultra-fast chargers of 300 kW or more, for these advanced EVs without reliance on the grid.
California, Massachusetts and other states, as well as General Motors, have committed to 100% EV adoption by 2035. That trend plays into our economical solution to provide power charging of vehicles in the field and substantially reduce greenhouse gases.
With MG technology, there is no need for expensive charging infrastructure that can take years to permit and hundreds of thousands of dollars to build. An apt analogy is how cell towers enabled countries to skip the build out of land lines. Because of this dynamic, we believe that we can gain rapid global deployment of our products.
Looks like they still have some financing to work out but seems to be on the right track.
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