Blue Earth will fund the investment with a combination of cash and common shares.
The so-called “intelligent digital” nickel-zinc batteries will replace environmentally unfriendly lead-acid variants that solar and wind developers want to avoid.
"After years of development, PowerGenix nickel zinc energy storage solutions have matured. As a result, manufacturers of a wide variety of applications can now take advantage of nickel zinc capabilities to differentiate the performance of their next generation products,” says Power Genix chief executive Robert Kanode.
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