Nilar is a Swedish-based company that produces batteries for stationary energy storage systems. Their technology is based on nickel-metal-hydride electrochemistry with a water-based electrolyte, providing a safer and more environmentally friendly option for energy storage. The batteries bridge imbalances between energy production and demand, supporting the increasingly stressed electricity grid, especially important as the share of renewable energy sources increases. Nilar's production facility in Gävle is powered by 100% renewable energy, and their shares are listed on the Nasdaq First North Premier Growth Market.