Hillcrest Energy Technologies
Hillcrest Energy Technologies is a Vancouver-based pre-revenue clean tech company developing proprietary Zero Voltage Switching power conversion technology for EV traction, industrial drives, and AI data center infrastructure, commercializing through co-development and licensing with global automotive and industrial partners.
- Company typePublic
- Founded2015
- HeadquartersVancouver, Canada
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Hillcrest Energy Technologies does
Hillcrest Energy Technologies Ltd. is a Vancouver, Canada-based pre-revenue clean technology company that develops Zero Voltage Switching (ZVS) power conversion technology for electric mobility and grid-connected applications. Originally incorporated in 2015 as Hillcrest Resources Ltd. with oil and gas operations in Texas and Saskatchewan, the company pivoted in April 2021 through the acquisition of ANIGO Technologies Inc. and rebranded as Hillcrest Energy Technologies, completing its exit from fossil-fuel operations by June 2022. The company is publicly listed on the Canadian Securities Exchange (CSE: HEAT), OTCQB (HLRTF), and Frankfurt Exchange (FRA: 7HI), with a headcount of 11–50 employees and a Vancouver Center of Excellence for grid and renewable energy power conversion plus a Germany facility for EV adoption.
The company's core technology is a proprietary ZVS silicon-carbide-based power conversion platform combining hardware and firmware that materially eliminates switching losses, achieving peak inverter efficiency exceeding 99.7% versus the 95–98% industry standard for conventional inverters. This platform serves as the foundation for three product lines: an 800V, 250kW EV traction inverter; a ZVS-enabled power module for OEM integration; and the ZVS PCS1000, a 250kW sidecar rectifier module designed for next-generation AI data center power infrastructure aligned with the Open Compute Project 800V architecture. The platform reportedly enables reductions in electromagnetic interference, up to 15% battery size reduction in EVs, and one-fifth to one-tenth of the capacitance required versus conventional inverter designs, with a FPGA-based proprietary control system.
Hillcrest operates a pre-commercialization business model targeting three revenue streams: technology licensing to OEMs and Tier 1 suppliers, hardware sales of inverters and power modules, and engineering co-development services. As of mid-2026, the company had no reported revenue and was advancing through technology evaluation and co-development agreements with multiple partners, including a global Tier 1 automotive supplier (Phase 1 completed December 2025), Lenze SE for industrial drives, Ocean Batteries for grid-connected energy storage, Systematec GmbH for European automotive distribution, and a 24.5%-held joint venture CleanPath Distribution Inc. with Pasqua First Nation targeting Canadian defense and government-funded commercialization.
Hillcrest Energy Technologies firmographics
Firmographics- Name
- Hillcrest Energy Technologies
- Legal name
- Hillcrest Energy Technologies Ltd.
- Website
- https://hillcrestenergy.tech
- Company type
- Public
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Hillcrest Energy Technologies is a Vancouver-based pre-revenue clean tech company developing proprietary Zero Voltage Switching power conversion technology for EV traction, industrial drives, and AI data center infrastructure, commercializing through co-development and licensing with global automotive and industrial partners.
- Ownership category
- akta.pro rank
Hillcrest Energy Technologies industry classification
Industry- Product category
- Power Electronics
- NAICS
- Switchgear and Switchboard Apparatus Manufacturing (335313), Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600), Switchgear & Switchboard Apparatus (3613)
- akta.pro primary industry
- Renewable Power Electronics & Advanced Inverters R&D (SiC/GaN, Grid-Forming, HVDC Converter Tech) (EUAMAOAF)
- akta.pro secondary industries
- Power Electronics for Renewable & Grid-Tied Applications (Solar inverters, wind converters, grid-tie interfaces) (IMAGADAJ), Power Conversion Systems for Storage & Charging (PCS, bidirectional inverters, DC/DC) (IMAGAHAE), Power Conversion Systems (PCS), Inverters & Transformers for BESS (EUAFAAAE), Grid-Scale Power Conversion & Interconnection (PCS, Grid-Tie Inverters, Converter Stations) (IMAGAAAI)
Keywords
Where Hillcrest Energy Technologies is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Hillcrest Energy Technologies business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Technology Licensing: Licensing of proprietary ZVS technology to automotive OEMs, Tier 1 suppliers, and industrial manufacturers. The company retains full ownership of all ZVS intellectual property and licenses technology for integration into customer products.
- Hardware Sales: Sale of ZVS inverters, power modules, and power conversion systems to automotive, energy storage, and data center customers. Includes EV traction inverters and grid-connected power conversion systems.
- Engineering and Development Services: Joint development agreements and co-development projects with strategic partners for customized ZVS inverter solutions. Includes technology evaluation programs and proof-of-concept demonstrations.
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
Hillcrest Energy Technologies product offering
Product offeringCore offering
Hillcrest Energy Technologies develops and commercializes proprietary Zero Voltage Switching (ZVS) power conversion technology for use in electric mobility, grid-connected power systems, AI data center power supply, and energy storage. Its sellable offerings include ZVS-enabled EV traction inverters, ZVS power modules for inverter integration, and the ZVS PCS1000 grid power conversion system, supported by engineering and development services delivered under co-development and licensing arrangements.
Product overview
Hillcrest Energy Technologies develops a portfolio of power conversion products built on its proprietary Zero Voltage Switching (ZVS) technology platform. The core offering consists of three main products: the EV Traction Inverter (an 800V, 250kW silicon carbide inverter for electric vehicles), the ZVS Power Module (enabling power module integration with improved efficiency and reduced EMI), and the ZVS PCS1000 Grid Power Conversion System (a 250 kW sidecar rectifier for AI data center infrastructure). All products share the ZVS technology platform as their foundation, providing consistent benefits of over 99% peak efficiency, reduced electromagnetic interference, and flexible application across electric vehicles, grid-connected energy storage, and data center power systems.
Differentiator
Problem solved
Functional benefit
Products and services
- ZVS-Enabled EV Traction Inverter An 800V, 250kW silicon carbide EV traction inverter built on Hillcrest's proprietary Zero Voltage Switching technology for automotive OEMs and Tier 1 inverter suppliers seeking higher efficiency, reduced EMI, and a potential 15% reduction in EV battery pack size.
- ZVS Power Module A Zero Voltage Switching-enabled power module intended for integration into inverter designs across mobility, grid, industrial and energy storage applications. Provided to OEM, Tier 1, integrator and industrial drive customers building ZVS-based inverters.
- ZVS PCS1000 Grid Power Conversion System A 250kW-class ZVS-based grid power conversion system / sidecar rectifier built on Hillcrest's ZVS technology for AI data center operators and grid infrastructure customers seeking high-efficiency power conversion.
- ZVS Technology Platform (Licensing) Licensed access to Hillcrest's 100% owned Zero Voltage Switching (ZVS) IP portfolio, including associated hardware and firmware, for OEMs, Tier 1 suppliers and integrators to incorporate into their own inverter and power conversion products.
- Engineering & Development Services Custom engineering, co-development and integration services supporting customer adoption of ZVS technology, including inverter reference designs, FPGA control development and joint product development programmes with OEMs, Tier 1 suppliers, integrators and the Canadian defence prime.
Quantifiable outcome
- Peak inverter efficiency exceeding 99.7% compared to 95-98% industry standard
- +4 more outcomes
Companies that use Hillcrest Energy Technologies
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles5 records
Hillcrest Energy Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Hillcrest Energy Technologies partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- Lenze SEcoreLenze SE, a major European manufacturer of industrial drive and automation solutions headquartered in Aerzen, Germany, with 70+ year history. LOI dated June 22, 2026 to continue evaluating Hillcrest's ZVS technology for integration into high-power inverter product lines. Joint evaluation process includes technical validation and commercial study to assess licensing or development terms. Lenze serves global customers across conveyor, packaging, robotics, and automotive assembly sectors.
- CleanPath Distribution Inc.coreIndigenous-led Canadian corporation operationalized March 2026 as joint venture between Pasqua First Nation #79 (51%), Apeiron Resources Ltd. (24.5%), and Hillcrest (24.5%). CleanPath pursues government funding and supports commercialization of ZVS technology in Canada, with Canadian defence sector identified as target market. Hillcrest retains full ownership of all ZVS IP.
- Empire Market Ventures LLCminorInvestor relations consultant engaged for $100,000 USD under four-month agreement effective March 2, 2026. Provides investor relations services including digital marketing, social media campaigns, investor outreach, and promotional content targeting retail and institutional investors.
- Otmar BitschecoreFormer Director of E-Mobility at Porsche AG where he built the company's e-mobility organization and led it from 2012 until retirement in December 2025. Appointed VP of European Business Development to drive ZVS traction inverter technology into European automotive OEM production platforms. Instrumental in developing industry’s first 800-volt vehicle architecture for the Taycan.
- Pasqua First Nation #79coreIndigenous First Nation partner holding 51% stake in CleanPath Distribution Inc. Joint venture formed to pursue funding opportunities and support commercialization of ZVS technology in Canada.
- Apeiron Resources Ltd.coreResource development company holding 24.5% stake in CleanPath Distribution Inc. Joint venture partner in Indigenous-led commercialization initiative for ZVS technology in Canada.
- Systematec GmbHcoreGermany-based engineering firm specializing in power electronics design and system integration. Five-year technology collaboration agreement signed April 2021. MOU signed December 2024 to expand collaboration and complete distribution agreement for European automotive market. Conducts ZVS prototype demonstrations at facilities in Germany.
- Ocean Batteries ASminorNorwegian energy storage company. Joint development agreement for delivery of 300kVA | 800V ZVS inverter prototypes for grid-connected energy storage systems. Collaboration expanding to include EV chargers and onboard marine energy storage systems.
- Gold Standard Media, LLCminorMarketing services firm engaged May 2024. Has conducted marketing services for companies listed on exchanges from TSX Venture Exchange to NYSE since 2010.
- Global Tier 1 Automotive SuppliercoreGlobal automotive supplier consistently ranked among top 15 by revenue. Phase 1 technology evaluation project for ZVS integration into EV inverters completed December 2025. Project confirmed technical viability and positioned Hillcrest to pursue commercialization. Ongoing advanced commercial discussions.
- Hercules Electric MobilityminorElectric mobility company focused on recreational e-boats and customizable electric mobility products. MOU signed October 2022 for electric powertrain collaboration. First in-water demonstration of ZVS traction inverter completed March 2024 in powered E-boat on Orchard Lake, Michigan.
Scale indicators6 records
Recent moves11 records
Expansion highlights6 records
Hillcrest Energy Technologies competitors and assessment
Company assessmentDirect peers
- Power Integrations: Develops highly integrated power conversion ICs for high-voltage applications including EV onboard chargers, industrial drives, and renewable energy inverters. Comparable as a power-electronics specialist using proprietary topologies to improve efficiency in similar end-applications.
- Vicor Corporation: Specializes in high-density, high-efficiency modular power conversion solutions for data center, automotive, and industrial applications. Comparable focus on high-efficiency DC/DC and AC/DC conversion, particularly in AI data center 48V/800V architectures that overlap Hillcrest's PCS1000 use case.
- Monolithic Power Systems: Designs highly integrated power management and conversion ICs/modules for automotive, industrial, and computing applications. Comparable as a power conversion specialist targeting similar high-efficiency, high-density use cases including AI data center and EV applications.
Broad incumbents
- Wolfspeed: Leading pure-play silicon carbide (SiC) semiconductor manufacturer supplying SiC MOSFETs and power devices into EV traction inverters and grid-tied power conversion. Comparable to Hillcrest as a foundational SiC supplier for the same end-applications, though at vastly greater scale and vertically integrated into wafer production.
- Infineon Technologies: Major power semiconductor supplier with SiC and IGBT product lines serving EV traction inverters, onboard chargers, DC/DC converters, and grid-tied inverters. Directly comparable to Hillcrest's ZVS traction inverter and grid PCS applications, with established Tier 1 automotive design wins.
- onsemi (ON Semiconductor): Supplies SiC power devices and intelligent power modules for EV traction inverters, DC fast chargers, and energy storage applications. Closely overlaps Hillcrest's target use cases (EV traction and energy storage PCS) and competes on SiC technology adoption.
- STMicroelectronics: Global semiconductor supplier of SiC MOSFETs, IGBTs, and integrated power modules used in EV traction inverters and renewable/grid power conversion. Comparable in end-application focus (EV and grid) and SiC technology emphasis, but with scale and silicon supply advantages.
Emerging players
- Alsym Energy: Early-stage developer of low-cost, high-performance energy storage and power conversion technology. Comparable as an emerging player in next-generation power conversion for grid and EV applications, though its focus is more on battery chemistry than inverter topology.
- BrightLoop Converters: French power electronics specialist developing high-efficiency DC/DC converters for EV, off-highway, and defense applications. Comparable as a smaller, specialized power conversion player targeting EV and industrial traction/drive applications similar to Hillcrest's ZVS traction inverter.
- Silicon Labs (Silicon Laboratories): Provides mixed-signal ICs including isolated gate drivers and digital control platforms for SiC-based power conversion in EV and industrial applications. Comparable through its FPGA/digital controller focus aligned with Hillcrest's FPGA-based ZVS control system.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks7 records
Key highlights7 records
Customer concentration
Hillcrest Energy Technologies social profiles
Digital presenceHillcrest Energy Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hillcrest Energy Technologies leadership team
Management profileNumber of profiles
Profiles8 records
Hillcrest Energy Technologies subsidiaries and ownership
Company hierarchySubsidiaries1 record
Hillcrest Energy Technologies funding detail
Funding detailFunding overview
Funding rounds8 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hillcrest Energy Technologies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hillcrest Energy Technologies
What does Hillcrest Energy Technologies do?
Hillcrest Energy Technologies develops and commercializes proprietary Zero Voltage Switching (ZVS) power conversion technology for use in electric mobility, grid-connected power systems, AI data center power supply, and energy storage. Its sellable offerings include ZVS-enabled EV traction inverters, ZVS power modules for inverter integration, and the ZVS PCS1000 grid power conversion system, supported by engineering and development services delivered under co-development and licensing arrangements.
Is Hillcrest Energy Technologies a public or private company?
Hillcrest Energy Technologies is a public company. It is classified as public and is currently operating.
When was Hillcrest Energy Technologies founded?
Hillcrest Energy Technologies was founded in 2015. It employs 11 to 50 people.
Where is Hillcrest Energy Technologies based?
Hillcrest Energy Technologies is headquartered in Vancouver, Canada, in the North America region.
How does Hillcrest Energy Technologies make money?
Three revenue lines are on record. Technology Licensing is the primary driver. The others are hardware Sales and engineering and Development Services.
Who are Hillcrest Energy Technologies's main competitors?
Direct peers on record are Power Integrations, Vicor Corporation and Monolithic Power Systems. Broad incumbents are Wolfspeed, Infineon Technologies, onsemi (ON Semiconductor) and STMicroelectronics. Emerging players are Alsym Energy, BrightLoop Converters and Silicon Labs (Silicon Laboratories).
Does Hillcrest Energy Technologies have an API?
No public API is recorded for Hillcrest Energy Technologies.
What industry is Hillcrest Energy Technologies in?
Hillcrest Energy Technologies's product category is Power Electronics. Its primary akta.pro industry code is EUAMAOAF, Renewable Power Electronics & Advanced Inverters R&D (SiC/GaN, Grid-Forming, HVDC Converter Tech), with a secondary code of IMAGADAJ, Power Electronics for Renewable & Grid-Tied Applications (Solar inverters, wind converters, grid-tie interfaces). Its NAICS code is 335313 and its SIC code is 3600.