Micropower's storage and micro-network solutions offer customers energy savings and a highly reliable system, in addition to reducing their carbon footprint. An exclusive and free solution for customers, which reduces total energy costs by activating battery systems when energy prices are low and discharging stored energy when prices are skyrocketing. Battery systems can also be used to replace diesel generation, reducing the customer's carbon emissions. The systems, developed and operated by Micropower, can be designed for various customer profiles and have already been ordered by customers in the industrial and retail sectors.

Equinor Energy Ventures is a $ 200 million corporate risk fund, dedicated to investments in promising companies that are investing in energy transition and driving a low carbon future.

For almost 20 years, Equinor has built a strong presence in Brazil, being the second largest oil operator in volume and, through a partnership signed in 2018 with Scatec Solar, with a 162 MW solar project in Ceará.

Gareth Burns (photo), managing director of Equinor Energy Ventures, stated: "Equinor is pleased to partner with Micropower, taking advantage of our long history in Brazil and our growing presence in renewable projects in the country. Micropower's experience in development storage will be essential to bring flexible low carbon solutions to the commercial and industrial energy segment in Brazil. Our investment underscores Equinor's support for sustainable growth in Brazil. "

Equinor aims to continue increasing the company's low carbon presence in Brazil. Vice President of New Energies and Energy Solutions, Olav Kolbeinstveit, adds: "Brazil is a key area for Equinor to continue developing renewable energy solutions and collaboration with Micropower's experienced team is a great opportunity to obtain valuable information about local energy markets and storage projects. We look forward to close collaboration and an ongoing commitment to the development of renewable energy solutions in Brazil. "

Currently, Micropower is developing large-scale storage projects in Brazil, which integrate abundant renewable resources, such as solar. Micropower CEO Marco Krapels said that "industrial sectors such as the mining industry still rely heavily on diesel, and our micro-grid solutions that combine battery storage with solar energy can achieve both savings and significant carbon emissions reductions. ". Krapels added that "storing lithium-ion batteries on site, with quick backup, also makes critical facilities like hospitals more resilient, which will become increasingly important in the coming years. We are excited to have Equinor, with its demonstrated commitment to Brazil and with renewable energy solutions, to join our mission. "

Equinor Energy Ventures joins existing investors Comerc Energia and Siemens Financial Services. The partnership combines Equinor's understanding of the energy markets with Siemen's technical solutions and Micropower's experience in battery storage and solar development to provide a leading value proposition for commercial and industrial consumers in Brazil.

Comerc Energia is the main free market energy management provider in Brazil. With more than 1,100 customers, Comerc Energia serves 10% of the load on the open market and 5% of the country's total electricity consumption. The company currently has a minority stake in Micropower Comerc.

Siemens Financial Services (SFS) is the investment division of Siemens and provides financing solutions for electrification, automation and digitization. SFS previously secured a minority stake in Micropower Comerc.