ADS-TEC Energy’s ChargeBox dispensers can now be used as part of an ultra-fast battery-buffered EV charging solution for indoor spaces, such as parking lots, showrooms or lobbies
The ChargeBox Booster outdoor battery system can now be installed completely at ground level, saving installation time and costs
No need for costly expansion of existing network infrastructure
NÜRTINGEN, Germany, October 20, 2022–(BUSINESS WIRE)–ADS-TEC Energy (NASDAQ: ADSE) today announced two new installation options for its super-fast, battery-buffered ChargeBox system, increasing its flexibility for charging station operators, who can now install more Easily charge the electric vehicle (EV) system indoors or outdoors.
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Two new installation options for the ultra-fast, battery-buffered ADS-TEC Energy ChargeBox system increase its flexibility for EV charging station operators. The ChargeBox dispenser can now be installed indoors. In addition, the ChargeBox Booster outdoor battery, which was previously installed partially underground, can now be fully installed at ground level, minimizing installation effort, saving time and reducing costs. (Graphic: Business Wire)
As part of this update, the ChargeBox dispenser can now be installed indoors. In addition, the associated ChargeBox Booster outdoor battery, which was previously installed partly underground, can now be completely installed at ground level. This greatly minimizes installation effort, as there is no need to dig or drill, saving time and reducing costs. The ChargeBox Booster can be installed up to 200 meters (656 feet) from the grid connection point and up to 100 meters (328 feet) from ChargeBox dispensers, and installation requires only about 1.5 square meters ( 16 square feet) of floor or floor space. The system continuously charges from even low-power electrical grids, storing and boosting charging power up to 320 kilowatts for lightning-fast vehicle charging in minutes.
Interior capacity for more applications
The ChargeBox dispenser for indoor installation is a state-of-the-art solution for use in locations where power supply is limited. Customers and operators of ultra-fast charging stations can thus open up completely new areas of use and expand their business models: The dispenser can be installed in car parks and underground garages as well as in showrooms and halls. Especially in urban areas, many customers rely on underground garages and have limited outdoor space. Car dealerships can also benefit from and respond even more flexibly to the growing demand for electric vehicles and test drives. “We have received a number of requests from large customers expressing the need for ultra-fast charging of electric vehicles inside buildings in order to manage their electric vehicle business even more efficiently. We are delighted to be able to meet this need,” said John Neville, Sales Manager, ADS-TEC Energy.
Thomas Lächner, Head of EU Sales Representative Department, said: “This is tremendous added value which further increases the attractiveness of our super-fast chargers and fills an important gap in the expansion of the infrastructure. load in the available distribution networks. fast-charging systems, which don’t rely on large grid connections like conventional systems, far outperform performance in many use cases – and total cost of ownership.”
The ultra-fast, battery-buffered ADS-TEC Energy ChargeBox system has often proven to be more sensible and lucrative than conventional charging systems, not only in existing buildings, where a grid extension for ultra-fast charging is usually too expensive and time consuming. or impossible to implement, but also in new car parks and showrooms. Calculations at customer sites have shown that in the long term considerable savings potential can be realized compared to a charging solution with a corresponding new extension of the existing grid infrastructure.
The new installation options are now available in Germany and are planned for other European countries and the United States.
About ADS-TEC Energy
ADS-TEC Energy plc, a public limited company incorporated in Ireland and listed on NASDAQ (“ADS-TEC Energy”), serves as the holding company for ads-tec Energy GmbH, our operating company incorporated in Germany (“ADSE GM”) and ads-tec Energy Inc., a US subsidiary of ads-tec Energy GmbH (“ADSE US” and together with ADS-TEC Energy and ADSE GM, “ADSE”). Drawing on more than ten years of experience in lithium-ion technologies, ADS-TEC Energy develops and manufactures battery storage solutions and fast charging systems, including their energy management systems. Its battery-based fast charging technology allows electric vehicles to charge very quickly even on low-power grids and features a very compact design. The high quality and functionality of the battery systems are due to a particularly high development depth and in-house production. With its advanced system platforms, ADS-TEC Energy is a valuable partner for automotive, OEMs, utility companies and load operators.
More information on : www.adstec-energy.com
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect”, “estimate”, “project”, “budget” , “plan”, “anticipate”, “intend”, “plan”, “may”, “should”, “could”, “should”, “believe”, “predict”, “potential”, ” continues” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include statements regarding our financial outlook for 2022, our expectations regarding future performance and the expected timing of certain business activities. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including but not limited to: the impact of the COVID-19 pandemic, geopolitical events, including the Russian invasion of Ukraine, the ten macroeconomic dances, including variations in inflation. or interest rates, or other events beyond our control on the global economy, our businesses and those of our customers and suppliers, including due to supply chain disruptions and increases in spending; our limited operating history as a public company; our dependence on the widespread acceptance and adoption of electric vehicles and the increased installation of charging stations; our current dependence on sales to a limited number of customers for most of our revenue; the overall demand for EV charging and the potential for reducing EV demand if government rebates, tax credits and other financial incentives are reduced, modified or eliminated or if government mandates increase or decrease EV use the use of fossil fuel-powered vehicles, either directly or indirectly through mandatory limits on carbon emissions, are reduced, modified or eliminated; supply chain disruptions and increases in expenses; unexpected delays in the introduction of new products; our ability to expand our operations and market share in Europe and the United States; the effects of competition; changes in battery energy storage standards; and the risk that our technology may have undetected defects or errors. Additional risks and uncertainties that could affect our financial results are included in section “3. Key information – 3.D. Risk Factors” in our Annual Report on Form 20-F filed with the Securities and Exchange Commission (the “SEC”) on April 28, 2022, which is available on our website at https://adstec-energy.com/investor-relations-corporate-governance/ and on the SEC website at www.sec.gov. Additional information will also be set forth in other documents filed with the SEC from time to time. All forward-looking statements contained in this press release are based on information available to us as of the date hereof, and we undertake no obligation to update any forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.
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