Green Energy, a South Korean domestic lithium titanate oxide (LTO) battery company, recently announced securing a $1.5 million investment from British energy solution company TitanVolt. The signing ceremony took place at Greenidge's headquarters in Seoul, with company executives from both sides in attendance. This investment is an extension of the existing strategic partnership between the two companies and aims to expand the joint business scope to include overall LTO battery-based power solutions. Greenidge plans to use this investment to boost its activities and business collaborations in Europe, focusing on industries like railways, shipbuilding, construction, and mining equipment. TitanVolt, based in Gateshead, UK, specializes in off-grid lighting systems and energy storage systems. The partnership between Green Energy and TitanVolt will not only focus on LTO batteries but also extend to the development of batteries for hydrogen infrastructure, hydrogen electric buses, and mining equipment. Greenidge will provide LTO technology and cells, while TitanVolt will focus on developing and supplying optimized battery packs based on this technology. The CEO of Green Energy highlighted that this investment showcases the company's technology and global market trust. The LTO battery technology is seen as an ideal solution for European markets, especially in applications like off-grid lighting and industries with high-power demands such as railways and heavy equipment. Furthermore, Green Energy, being the sole LTO battery cell mass producer in Korea, recently started supplying parts to U.S. electric vehicle manufacturer Lucid Motors. The collaboration with TitanVolt not only strengthens Green Energy's position in the market but also sets the stage for providing competitive battery solutions across various applications in Europe.