- GP JOULE CONNECT orders 30 ChargePost and 10 ChargeBox
ultra-fast charging systems from ADS-TEC Energy.
- The battery storage-based charging stations will enable
ultra-fast, convenient charging of e-vehicles without expanding
existing power grids.
- The partnership enables coupling of sustainable energy
production, development and operation of e-charging parks, and
other energy services.
ADS-TEC Energy (NASDAQ ADSE), a leading manufacturer of battery
storage-based ultra-fast charging solutions, today announced a
strategic partnership with sustainable mobility solutions company
GP JOULE CONNECT, a leading systems provider for new mobility. As
part of the collaboration, GP JOULE CONNECT will be deploying 30
ADS-TEC Energy ChargePost and 10 ChargeBox systems in 2023. Both
companies aim to actively drive the expansion of charging
infrastructure as well as the transformation of energy systems and
jointly plan to build numerous battery storage-based, ultra-fast
charging stations in Germany and elsewhere in Europe.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20221208005170/en/
ADS-TEC Energy, a leading manufacturer of
battery storage-based ultra-fast charging solutions, today
announced a strategic partnership with sustainable mobility
solutions company GP JOULE CONNECT, a leading systems provider for
new mobility. As part of the collaboration, GP JOULE CONNECT will
be deploying 30 ADS-TEC Energy ChargePost and 10 ChargeBox systems
in 2023. Both companies aim to actively drive the expansion of
charging infrastructure as well as the transformation of energy
systems and jointly plan to build numerous battery storage-based,
ultra-fast charging stations in Germany and elsewhere in Europe.
(Photo: Business Wire)
Customized energy concepts
GP JOULE CONNECT projects, plans, installs and operates
e-charging parks as well as charging and energy management services
for the real estate industry, charging parks, service stations,
truck and bus depots and energy suppliers as well as infrastructure
companies, with a focus on Germany, Austria and Switzerland.
Working with MOBILIZE POWER SOLUTIONS, a joint venture of GP JOULE
CONNECT with RENAULT GROUP for the three countries, it is also
heavily involved in infrastructure solutions for fleets and the
automotive sector. GP JOULE CONNECT also acts as a mobility service
provider with an extensive charging network, enabling the sharing
and pooling of e-vehicles including a modern booking and marketing
platform.
The battery-buffered approach provided by the ADS-TEC Energy
ultra-fast charging systems will enable expansion in both inner
cities and rural areas, where the expansion of the network
infrastructure is very expensive and complex, or in some cases even
impossible.
Manuel Reich, managing director of GP JOULE CONNECT said, "In
ADS-TEC Energy, we have found a strong, innovative partner, with
products such as ChargeBox and ChargePost that combine
high-performance, reliable technology with optimal, long-term total
cost of ownership (TCO). We share similar values and visions,
especially the desire to expand the charging infrastructure for
climate-friendly mobility. I'm looking forward to working together,
developing ideas together and realizing the first projects."
ChargePost and ChargeBox: Easy, fast installation and highest
performance
The ultra-fast, battery-buffered ChargeBox system can be used
both outdoors and indoors with its two separate charging columns.
Completely ground-level installation is possible, with minimal
construction required, saving time and costs. The system charges
continuously from the available distribution grid at any given
time, storing and boosting charging power up to 320 kilowatts (kW)
for ultra-fast and whisper-quiet operation.
ChargePost is ADS-TEC Energy's recently-introduced ultra-fast
charging station, which integrates two charging columns, complete
with power electronics, battery storage and air conditioning in an
extremely powerful, compact and quiet "all-in-one" system. Two
charging points can be installed on a footprint of less than two
square meters (21 square feet), for ultra-fast charging of more
than 100 kilometers (over 60 miles) of range in just a few minutes.
ChargePost delivers up to 300 kW DC power for one vehicle and 150
kW for two charging points used simultaneously, and offers between
144 and 201 kWh battery capacity, as well as one to two optional
75-inch advertising displays on the exterior surfaces.
Due to the uniquely powerful performance even in power-limited
grids and the compact size of the charging technology, ADS-TEC
Energy 2022 was nominated for the German Future Prize of the
Federal President and elevated to his "Circle of Excellence."
Innovative network services and advertising space offer
additional revenue streams for operators
ChargePost provides “plug-and-play” operation, connecting
directly to the existing, power-limited grid. It also enables
additional services: When used in conjunction with a photo-voltaic
system, ChargePost allows electricity to be stored and then used to
charge e-vehicles or used for grid services. The ability to also
return stored energy bidirectionally to the grid is expected to be
possible in the first half of 2023, opening up entirely new
business models for operators.
ADS-TEC-Energy founder and CEO Thomas Speidel said, "We are
delighted to collaborate with GP JOULE CONNECT, an experienced,
high-performance partner with a holistic focus on the entire
renewable energy value chain, whose offerings are supported in many
ways by our storage and charging systems. We intend to aggressively
advance the expansion of charging infrastructure together. We are
already planning further exciting projects and look forward with
great anticipation to a successful expansion of this
partnership."
About GP JOULE
Founded in 2009 based on the belief that a 100% renewable energy
supply is feasible, GP JOULE is now a system provider for
integrated energy solutions from solar, wind and biomass power as
well as being a partner at the supply level for electricity, heat,
hydrogen and electric mobility. GP JOULE is thus a pioneering
company in sector cross-linkage. Around 600 people work for the
medium-sized group of companies in Germany, Europe and North
America. GP JOULE is the winner of the Schleswig-Holstein Business
Environment Award 2019 and the German Renewables Award 2020.
About GP JOULE CONNECT
GP JOULE CONNECT, a member of the GP JOULE Group, combines power
generation from renewable energy sources with sustainable use in
the form of e-mobility. CONNECT plans and implements projects
around the core products of consulting, charging infrastructure,
sharing/pooling and charging and energy management for the housing
industry, vehicle fleets, energy suppliers, automotive and
infrastructure operators.
About ADS-TEC Energy
ADS-TEC Energy plc, a public limited company incorporated in
Ireland and publicly listed on NASDAQ (“ADS-TEC Energy”), serves as
a 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”). Based on more than ten years
of experience with 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 enables electric vehicles
to ultrafast charge even on low powered grids and features a very
compact design. The high quality and functionality of the battery
systems are due to a particularly high depth of development and
in-house production. With its advanced system platforms, ADS-TEC
Energy is a valuable partner for automotive, OEMs, utility
companies and charge-operators.
More information on: www.adstec-energy.com
Forward-Looking Statements
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,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue,” and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements include statements regarding our
expectations with respect to future performance and the anticipated
timing of certain commercial activities, such as the Company’s
ability to secure critical materials for production and anticipated
timing for recognition of revenue from new orders. There are a
significant number of factors that could cause actual results to
differ materially from the statements made in this press release,
including: the impact of the COVID-19 pandemic, geopolitical events
including the Russian invasion of Ukraine, macroeconomic trends
including changes in inflation or interest rates, or other events
beyond our control on the overall economy, our business and those
of our customers and suppliers, including due to supply chain
disruptions and expense increases; our limited operating history as
a public company; our dependence on widespread acceptance and
adoption of EVs and increased installation of charging stations;
our current dependence on sales to a limited number of customers
for most of our revenues; overall demand for EV charging and the
potential for reduced demand for EVs if governmental rebates, tax
credits and other financial incentives are reduced, modified or
eliminated or governmental mandates to increase the use of EVs or
decrease the use of vehicles powered by fossil fuels, either
directly or indirectly through mandated limits on carbon emissions,
are reduced, modified or eliminated; supply chain interruptions and
expense increases; unexpected delays in new product introductions;
our ability to expand our operations and market share in Europe and
the U.S.; the effects of competition; changes to battery energy
storage standards; and the risk that our technology could have
undetected defects or errors. Additional risks and uncertainties
that could affect our financial results are included under “Item 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/corporate-governance/ and on the SEC’s
website at www.sec.gov. Additional information will also be set
forth in other filings that we make with the SEC from time to time.
All forward-looking statements in this press release are based on
information available to us as of the date hereof, and we do not
assume any obligation to update the 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221208005170/en/
Media: For ADS-TEC Energy –
Germany Dennis Müller SVP Product Marketing &
Communication press@ads-tec-energy.com For
ADS-TEC Energy – US Stephannie Depa Breakaway Communications
+1 530-864-0136 sdepa@breakawaycom.com GP
JOULE Connect GmbH: Jürn Kruse Communications GP JOULE Group
j.kruse@gp-joule.de
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