EnerDynamic Hybrid Technologies Corp. announced it has signed a strategic partnership agreement with Energyra Europe B.V. Under the partnership, Energyra will become the preferred manufacturer and distributor for EHT's solar panels, shelters and utility sheds across Europe and ROW for the renewable energy and Telecom industries. The value of the strategic partnership is expected to exceed 100 million (CAD 144 million) in revenue over the next five years from the Enertec product line as well as jointly developed EHT and Energyra products, due to increased scale and distribution from the added European based manufacturing facility that will benefit from increased government incentives on solar goods made inside of the European Union ("EU"). Energy efficiency is one of the pillars of the EU, with investments in renewable energies expected to total at least 650 billion euros by 2030 to power 20% of European electricity demand through solar energy, according to management consultancy Kearney and SolarPower Europe, a 200+ member-led organization from 38 countries. SolarPower Europe further noted post the COP26 conference this year that the EU must increase its renewable energy target and production to meet the Paris Agreement goal. Solar and wind energy is critical to place the continent on trajectory towards achieving climate neutrality by 2050. To help meet the 2050 goal and the expected 4 million added jobs throughout the continent, the European Commission has set an ambitious interim target for the EU to raise the share of renewable energy to 40% by 2030, up from roughly 20% in 2019. In addition, EHT and Energyra are co-developing industry-first solar PV modules that utilize EHT's semi-flexible and lightweight front solar panels with Energyra's back contact cells based on both MWT and IBC technology. When combined, EHT and Energyra will offer the only lightweight solar panel with back-contact durability. EHT and Energyra will actively collaborate in creating new products to service the renewable energy community and jointly improve the market for such products. The unique solar PV modules, which are lead-free, solder-free, and free of fluorine and polyfluoroalkyl substances (PFAS), unlike mainstream solar panels, will serve increasing demand from Europe's manufacturing and supply industry, lessening dependence on Asian imports which significantly increased throughout the COVID crisis.