The pilot will start in 2025 and will integrate Aquarius's solution into the EV charging infrastructure for rental and fleet management companies. Additionally, the agreement presents potential for extensive orders for the years 2026-2027. The memorandum is valid for 18 months or until a final agreement is signed.
Israel-based Aquarius' systems generate and provide clean electricity and are designed to enable ultra-fast charging of electric vehicles in the growing electric vehicle market. Aquarius's systems are smaller and more efficient compared to existing market solutions and are not dependent on the electrical grid.
The agreement was signed as part of Aquarius's collaboration with EnviroCharge, which installs and operates electric vehicle charging stations in the United States.
Aquarius says the success of the pilot is expected to yield significant orders for the company for the years 2026-2027.
According to Gal Friedman, CEO of Aquarius: "We are proud to collaborate with one of the largest and leading car rental companies in the world on this groundbreaking project. This project will significantly increase the number of electric vehicles the rental company can charge at its sites, thereby allowing it to rent more vehicles to its customers as a direct result of using our innovative power systems at its locations. This agreement joins several other significant agreements we have recently signed in the American market. We continue to present our revolutionary system to more and more companies.
"The dual achievement we are reporting today is both the payment we will receive for conducting the pilot and the type of companies we are collaborating with, companies that are planning to jointly examine and implement our system. This collaboration demonstrates our commitment to innovation and green energy, and we look forward to the success of the pilot and the broad commercial potential that will follow."
