Hive Energy Ltd, Immersa Ltd. and CellCube have formed a consortium to jointly build and develop Solar & Storage projects at a grid scale level to offer green peaking power and reserve power capacity. HICC Energy Ltd. ("HICC") was founded April 17, 2019 by Hive Energy to bring their joint portfolio of projects to market. HICC will be a special vehicle for development projects and financed through third party project financing or by grants offered for renewable projects. The products and services will be purchased from the partner companies and any additional terms will be determined on a per project basis. Recently the UK made announcements on derating solar and short duration storage which has created opportunities for long duration batteries. Hive Energy, Immersa Ltd. and CellCube have identified a combined long duration storage with solar to be the most competitive and commercially attractive solution under current UK regulation. While Hive Energy builds large solar plants at their own grid connected sites, Immersa Ltd. will deploy the new generation of CellCube's long duration Vanadium Redox Flow Batteries allowing for flexible availability of stored energy across multiple hours throughout the day.