Blockmate Ventures’ (TSXV:MATE,OTCQB:MATEF,FWB:8MH1) recently announced acquisition of BESS Power Innovation will boost Blockmate’s foray into the clean energy space and its strategy to leverage the increasingly expanding energy storage market, according to CEO Justin Rosenberg.
BESS is an energy storage developer as well as the exclusive distributor of Blivex Energy Technology’s (SZSE:300116) lithium-ion batteries in the Americas.
The BESS acquisition complements the previously announced partnership with Sunified Group, Rosenberg explained.
“Sunified approached Blockmate to help them launch their solar token, leveraging off their patented sensors on solar cells, which is really a Trojan horse in the solar farm industry,” Rosenberg said. ‘And as a result of that, it was an exciting opportunity when we were also approached by BESS Power Innovation to partner with them, and there’s synergy both ways.’
According to Rosenberg, Blockmate will add the Sunified cell to the BESS product portfolio, and BESS’ network will be used to distribute the Sunified product and help launch the solar token. Lastly, Sunified is in talks with solar farms, to which BESS can sell energy storage solutions.
“We’re excited about the synergies of the two business units of Blockmate. So our focus is to roll this opportunity out. We’ve just signed the deal, but we are furiously working on our launch of BESS.”
Watch the full interview with Blockmate Ventures CEO Justin Rosenberg above.
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