X2M signs strategic agreement with GreenRock

X2M Connect announces a strategic alliance in renewable energy management with GreenRock Energy Co., Ltd of Taiwan.

GreenRock is a leading renewable energy generation, battery management and energy trading company based in Taiwan with over 900MW under management. GreenRock is planning to expand its operations beyond Taiwan and has immediate interest in our home market here in Australia and in Japan where X2M has an established footprint.

Highlights:

• GreenRock to invest $1.3m in X2M
• X2M to acquire $0.52m of GreenRock shares
• GreenRock to own batteries for X2M’s Australian Smart Communities
• X2M to be the software provider for GreenRock’s renewables management
• GreenRock and X2M to partner and develop energy management business globally

For the full announcement see: X2M announces a strategic alliance with GreenRock Energy  

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