Tropical Battery Announces Joint Venture with CAC – Launch of ENRVATE Limited

Tropical Battery Company Limited (TROPICAL) and CAC 2000
Limited (CAC), both listed on the Junior Market of the Jamaica
Stock Exchange, are pleased to announce the joint formation of
ENRVATE Limited, a company duly incorporated under the
guidelines of Companies Office of Jamaica on April 29, 2021.
ENRVATE will officially start offering their product and services as of
June 1, 2021.

The joint venture will be led by Steven Marston, former CEO of CAC
2000 Limited a qualified Air-Conditioning and Energy Engineer and
accomplished businessman, in conjunction with a jointly selected
Board of Directors.

ENRVATE will adopt a unique approach to establishing energy saving
solutions for our commercial customers in Jamaica and the
Caribbean by focusing on real-time measurement, monitoring of
energy consumption, and using the resulting data to identify, design
and execute energy and water saving opportunities. The goal is to
work with customers to achieve minimum savings of 25%, with the
ultimate achievement being NET ZERO consumption. Enrvate plans to
develop innovative financing solutions for qualified customers
through the issuance of a Green Bond along with equity capital.

This joint venture is in line with TROPICAL’s vision to provide and
promote the growth of safe, quality and clean-energy storage
solutions across Jamaica and the Caribbean Region. With this we are
continuing to embrace cutting-edge technology and have no doubt
that we will proceed with making further inroads into our target

Tropical Battery has over 70 years of experience in the energy storage
business. We recognize the global trend of lower price energy storage
solutions (batteries) and how this fact makes becoming energy
independent more affordable, practical, and just better for the

We (TROPICAL and CAC) are both passionate about the planet,
people, and profits, and we anticipate this 50-50 partnership will help
us achieve our goals faster and make our Caribbean paradise a better
place to live and work