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ADS-TEC Energy and Paragon Mobility have signed a partnership and deployed the first series of ultra-fast, battery-buffered EV charging stations in France

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ADS-TEC Energy (NASDAQ: ADSE) has partnered with Paragon Mobility in France to deploy ultra-fast, battery-buffered EV charging stations. Paragon Mobility has acquired its first ChargePost EV chargers from ADS-TEC Energy, capable of charging up to 300 kW even over weak grid connections. The ChargePost system offers additional revenue opportunities through grid services, energy recovery, and digital advertising.

France, with over 206,000 new EV registrations since early 2024, is a key European EV market. Paragon Mobility, headquartered in Sophia Antipolis, is expanding its offering with ADS-TEC Energy's ChargePost, which can charge two vehicles simultaneously at up to 150 kW each. The system includes a 201 kWh battery storage unit supporting bidirectional use and can be networked to form a virtual power plant.

Paragon Mobility aims to transform EV charging infrastructure, saving customers time and money while offering flexible and available charging services. The company has been recognized on the SET100 list of promising climate tech companies and is teaming up with ex-F1 driver Sebastien Buemi.

ADS-TEC Energy (NASDAQ: ADSE) ha collaborato con Paragon Mobility in Francia per implementare stazioni di ricarica ultra-rapida per veicoli elettrici (EV) dotate di batterie di supporto. Paragon Mobility ha acquisito i suoi primi ChargePost EV chargers da ADS-TEC Energy, capaci di ricaricare fino a 300 kW, anche in condizioni di rete debole. Il sistema ChargePost offre ulteriori opportunità di guadagno attraverso servizi di rete, recupero energetico e pubblicità digitale.

La Francia, con oltre 206.000 nuove registrazioni di EV dall'inizio del 2024, è un mercato chiave per i veicoli elettrici in Europa. Paragon Mobility, con sede a Sophia Antipolis, sta ampliando la sua offerta con il ChargePost di ADS-TEC Energy, che può ricaricare due veicoli simultaneamente fino a 150 kW ciascuno. Il sistema include un unità di stoccaggio batteria da 201 kWh che supporta l'uso bidirezionale e può essere collegato in rete per formare una centrale elettrica virtuale.

Paragon Mobility punta a trasformare l'infrastruttura di ricarica per veicoli elettrici, risparmiando tempo e denaro ai clienti, offrendo servizi di ricarica flessibili e disponibili. L'azienda è stata riconosciuta nella lista SET100 delle promettenti aziende di tecnologia climatica e collabora con l'ex pilota di F1 Sebastien Buemi.

ADS-TEC Energy (NASDAQ: ADSE) se ha asociado con Paragon Mobility en Francia para implementar estaciones de carga ultrarrápidas para vehículos eléctricos (EV) con batería de respaldo. Paragon Mobility ha adquirido sus primeros cargadores ChargePost EV de ADS-TEC Energy, capaces de cargar hasta 300 kW incluso con conexiones de red débiles. El sistema ChargePost ofrece oportunidades de ingresos adicionales a través de servicios de red, recuperación de energía y publicidad digital.

Francia, con más de 206,000 nuevas inscripciones de EV desde principios de 2024, es un mercado clave para los vehículos eléctricos en Europa. Paragon Mobility, con sede en Sophia Antipolis, está ampliando su oferta con el ChargePost de ADS-TEC Energy, que puede cargar dos vehículos simultáneamente hasta 150 kW cada uno. El sistema incluye una unidad de almacenamiento de batería de 201 kWh que admite un uso bidireccional y puede ser interconectado para formar una planta de energía virtual.

Paragon Mobility tiene como objetivo transformar la infraestructura de carga de vehículos eléctricos, ahorrando tiempo y dinero a los clientes mientras ofrece servicios de carga flexibles y accesibles. La empresa ha sido reconocida en la lista SET100 de empresas prometedoras de tecnología climática y se ha asociado con el ex piloto de F1 Sebastien Buemi.

ADS-TEC Energy (NASDAQ: ADSE)는 프랑스에서 Paragon Mobility와 협력하여 배터리 버퍼링이 있는 초고속 전기차(EV) 충전소를 배치하였습니다. Paragon Mobility는 ADS-TEC Energy로부터 첫 번째 ChargePost EV 충전기를 확보하였으며, 이는 약한 전력망 연결에서도 최대 300 kW까지 충전할 수 있습니다. ChargePost 시스템은 전력망 서비스, 에너지 회수 및 디지털 광고를 통한 추가 수익 기회를 제공합니다.

프랑스는 2024년 초 이후 206,000건 이상의 새로운 EV 등록이 이루어졌으며, 주요 유럽 EV 시장입니다. 소피아 앤티폴리스에 본사를 둔 Paragon Mobility는 두 대의 차량을 각각 최대 150 kW로 동시에 충전할 수 있는 ADS-TEC Energy의 ChargePost로 서비스를 확장하고 있습니다. 이 시스템은 양방향 사용을 지원하는 201 kWh 배터리 저장 장치를 포함하며, 가상 발전소를 형성하도록 네트워크화할 수 있습니다.

Paragon Mobility는 EV 충전 인프라를 혁신하여 고객에게 시간과 비용을 절약하고 유연하고 접근 가능한 충전 서비스를 제공합니다. 이 회사는 유망한 기후 기술 기업들로 이루어진 SET100 리스트에 선정되었으며, 전 F1 드라이버인 세바스티안 부에미와 협력하고 있습니다.

ADS-TEC Energy (NASDAQ: ADSE) a établi un partenariat avec Paragon Mobility en France pour déployer des stations de charge ultra-rapides pour véhicules électriques (VE) avec des batteries de secours. Paragon Mobility a acquis ses premiers ChargePost EV chargeurs auprès d'ADS-TEC Energy, capables de charger jusqu'à 300 kW même avec de faibles connexions réseau. Le système ChargePost offre des opportunités de revenus supplémentaires grâce aux services de réseau, à la récupération d'énergie et à la publicité numérique.

La France, avec plus de 206 000 nouvelles immatriculations de VE depuis début 2024, est un marché clé pour les VE en Europe. Paragon Mobility, basé à Sophia Antipolis, élargit son offre avec le ChargePost d'ADS-TEC Energy, qui peut charger deux véhicules simultanément à jusqu'à 150 kW chacun. Le système comprend une unité de stockage de batteries de 201 kWh qui soutient l'utilisation bidirectionnelle et peut être mis en réseau pour former une centrale électrique virtuelle.

Paragon Mobility vise à transformer l'infrastructure de charge des VE, permettant aux clients d'économiser du temps et de l'argent tout en offrant des services de charge flexibles et accessibles. L'entreprise a été reconnue dans la liste SET100 des entreprises prometteuses dans le domaine des technologies climatiques et collabore avec l'ancien pilote de F1 Sebastien Buemi.

ADS-TEC Energy (NASDAQ: ADSE) hat sich mit Paragon Mobility in Frankreich zusammengetan, um ultraschnelle, batteriepufferte EV-Ladestationen zu installieren. Paragon Mobility hat die ersten ChargePost EV-Ladegeräte von ADS-TEC Energy erworben, die in der Lage sind, selbst bei schwachen Netzverbindungen bis zu 300 kW zu laden. Das ChargePost-System bietet zusätzliche Einnahmemöglichkeiten durch Netzservices, Energierückgewinnung und digitale Werbung.

Frankreich mit über 206.000 neuen EV-Registrierungen seit Anfang 2024 ist ein wichtiger europäischer EV-Markt. Paragon Mobility, mit Hauptsitz in Sophia Antipolis, erweitert sein Angebot mit dem ChargePost von ADS-TEC Energy, der zwei Fahrzeuge gleichzeitig mit bis zu 150 kW laden kann. Das System umfasst eine 201 kWh Batterispeichereinheit, die bidirektionale Nutzung unterstützt und zu einem virtuellen Kraftwerk vernetzt werden kann.

Paragon Mobility hat das Ziel, die EV-Ladeinfrastruktur zu revolutionieren, um den Kunden Zeit und Geld zu sparen, während flexible und verfügbare Ladedienste angeboten werden. Das Unternehmen wurde in die SET100-Liste der vielversprechenden Klimatechnologieunternehmen aufgenommen und arbeitet mit dem ehemaligen F1-Fahrer Sebastien Buemi zusammen.

Positive
  • Partnership with Paragon Mobility expands ADS-TEC Energy's presence in the key French EV market
  • ChargePost system offers high-power charging (up to 300 kW) even with weak grid connections
  • Additional revenue opportunities through grid services, energy recovery, and digital advertising
  • Versatile charging solution applicable for cars, buses, and trucks
  • ChargePost's battery storage unit supports bidirectional use and can form virtual power plants
Negative
  • None.

Insights

The partnership between ADS-TEC Energy and Paragon Mobility marks a significant development in France's EV charging infrastructure. With over 206,000 new EVs registered in France since early 2024, this collaboration addresses a critical market need. The deployment of ChargePost systems, capable of 300 kW charging even on weak grids, is a game-changer for rapid EV adoption.

Key benefits include:

  • Dual vehicle charging up to 150 kW each
  • 201 kWh battery storage for grid stabilization
  • Potential for additional revenue through digital advertising
  • Flexibility to charge buses and trucks

This partnership positions both companies to capitalize on France's growing EV market, potentially accelerating the country's transition to electric mobility. The ability to overcome grid limitations is particularly important for widespread adoption. However, the success will depend on the speed of deployment and user acceptance of these new charging solutions.

This partnership has broader implications for the energy sector beyond just EV charging. The ChargePost system's bidirectional capabilities and potential to form virtual power plants represent a significant step towards grid flexibility and energy optimization.

Key points:

  • Ability to use renewable or locally-generated electricity
  • Bidirectional energy flow for grid support
  • Potential for scaling storage capacity through networking
  • Opportunity for energy arbitrage (storing when cheap, using when expensive)

These features align with the growing trend of decentralized energy systems and smart grid technologies. For investors, this signals potential long-term value beyond the immediate EV market. It positions ADS-TEC Energy and Paragon Mobility at the intersection of transportation and energy sectors, potentially opening up new revenue streams and market opportunities as the energy landscape evolves.

  • With a focus on serving the market for high-quality optimized charging infrastructure, Paragon Mobility has developed a sustainable business model for a highly flexible, high-intensity, fast charging infrastructure in France
  • Paragon Mobility has acquired its first ChargePost EV chargers from ADS-TEC Energy, one of the global leaders in battery-buffered fast charging systems
  • ChargePost features charging up to 300 kW even over weak grid connections and delivers additional revenue opportunities with grid services, energy recovery, and digital advertising.

 

NÜRTINGEN, Germany--(BUSINESS WIRE)-- ADS-TEC Energy (NASDAQ: ADSE), a global leader in battery-buffered fast charging systems, today announced that it has signed a partnership with Paragon Mobility in France. More than 206,000 new EVs have been registered in France since the beginning of 2024, an important factor in the business growth of Paragon Mobility, making France one of the key markets for EVs in Europe.

ADS-TEC Energy partners with Paragon Mobility for roll out of ultra-fast, battery-buffered EV charging stations in France (Photo: Business Wire)

ADS-TEC Energy partners with Paragon Mobility for roll out of ultra-fast, battery-buffered EV charging stations in France (Photo: Business Wire)

Headquartered in the technology park of Sophia Antipolis, France, Paragon Mobility delivers a new class of energy optimization infrastructure with EV charging as a key service offering. In addition to designing, developing and deploying since 2021 its own line-up of battery-buffered modular containerized fast charging solutions named “Pods”, the company is now expanding its offering with ADS-TEC Energy’s ChargePost.

Paragon Mobility is deploying ChargePost because of its industry-leading features. Up to two vehicles can be quickly charged at the same time. It supports up to 300 kW or 150 kW when charging two vehicles simultaneously. ChargePost can also include two large 75-inch LED displays for digital advertising to generate new revenue streams.

Paragon Mobility can use renewable or locally-generated electricity to charge the ChargePost battery. Its 201 kWh battery storage unit supports bidirectional use to feed energy back into the grid when required. It can also boost or stabilize weak grid connections. Several ChargePost systems can be networked to form a virtual power plant, scaling storage capacity and marketing options. With this approach, electricity is stored when it is cheap or abundant for use when it is scarce or expensive.

ADS-TEC Energy's solutions and services give Paragon the flexibility to support more than car charging. Paragon Mobility already uses ChargePost for charging electric buses. Other customers are using ChargeBox and ChargePost to charge trucks.

Paragon Mobility has the goal of transforming EV charging infrastructure to save its customers time and money while offering a highly flexible and available charging service. It also aims to foster customer enthusiasm and acceptance by delivering peace of mind and impressive charging times, in a young and sometimes skeptical market.

As it gears up to contribute to the scaling of the energy transition in the French mobility sector, Paragon Mobility has already garnered the attention of top-tier clients and industrial partners and won prestigious awards. It has been featured on the SET100 list of the German Energy Agency DENA and World Energy Council of the most promising climate tech companies in 2023; its CEO and Co-founder Jean Lemaire was named Best Charging and Energy Distribution Infrastructure CEO (Europe) by EU Business News Magazine. The company recently announced it is teaming up with ex-F1 driver and former Formula E World Champion Sebastien Buemi.

“With Paragon Mobility, we have a strong and competent partner at our side who will implement exciting and inspiring projects with our products in France and elsewhere,” said Henrik Langwald, Senior Vice President Head of Sales at ADS-TEC Energy.

“Paragon Mobility defines itself by delivering highly optimized, flexible, high quality charging infrastructure even in the most constrained sites. With these first signature deployments with ADS -TEC Energy in France, combining super charging with battery storage in low grid connection sites and intensive applications, we have started to write down a remarkable page in energy transition,” said Jean Lemaire, CEO of Paragon Mobility

About ADS-TEC Energy

Based on more than ten years of experience with lithium-ion technologies, ADS-TEC Energy develops and produces battery storage solutions and fast charging systems including their energy management systems. Its battery-based fast-charging technology enables electric vehicles to charge ultra-fast even with weak power grids and is characterized by a very compact design. The company, based in Nürtingen, Baden-Württemberg, was nominated for the German Future Prize by the Federal President and was included in the "Circle of Excellence" in 2022. The high quality and functionality of the battery systems is due to a particularly high level of in-depth development and in-house production. With its advanced system platforms, ADS-TEC Energy is a valuable partner for car manufacturers, energy supply companies and charging station operators.

More information at: www.ads-tec-energy.com

About Paragon Mobility

Paragon Mobility ambitions to transform the energy, charging and grid infrastructure landscape. To this end we offer a modular, compact, mobile and highly flexible and effective energy management piece of infrastructure named the Energy Pod, which can fast charge multiple electric vehicles at the same time with a limited footprint on the grid.

The company was formed in 2019 and has been led by Jean Lemaire and a team combining 60+ years of experience in the deployment and financing at scale of energy transition infrastructure and is backed by private-equity investors. Today Paragon Mobility already delivers high quality energy management and electric vehicle charging services to large clients and in environments as diverse as industrial fleets, electric aviation, logistics, transports and motorsports and racetracks.

Paragon Mobility was selected in 2023 to feature on the SET100 list of the German Energy Agency DENA and World Energy Council, its solutions have been labelled by the Solar Impulse Foundation. Paragon Mobility is also part of the business acceleration program of Crédit Agricole.

More information at www.paragonmobility.com

And on our YouTube Channel https://www.youtube.com/@paragonmobility9840/featured

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 financial outlook for 2023, our expectations with respect to future performance and the anticipated timing of certain commercial activities. 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 30, 2024, which is available on our website at https://www.ads-tec-energy.com 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.

Media:

ADS-TEC Energy International:

Dennis Müller

SVP Product Marketing & Communications

press@ads-tec-energy.com



ADS-TEC Energy United States:

Stephannie Depa

Breakaway Communications

sdepa@breakawaycom.com

+1 530-864-0136



Paragon Mobility:

contact@paragonmobility.com

Source: ADS-TEC Energy

FAQ

What is the charging capacity of ADS-TEC Energy's ChargePost system deployed in France?

ADS-TEC Energy's ChargePost system deployed in France can charge up to 300 kW for a single vehicle or 150 kW when charging two vehicles simultaneously, even over weak grid connections.

How many new EVs have been registered in France since the beginning of 2024?

According to the press release, more than 206,000 new EVs have been registered in France since the beginning of 2024, making it a key market for EVs in Europe.

What additional features does the ChargePost system offer besides EV charging?

The ChargePost system offers additional revenue opportunities through grid services, energy recovery, and digital advertising. It can include two large 75-inch LED displays for digital advertising and has a 201 kWh battery storage unit supporting bidirectional use.

Who is ADS-TEC Energy (ADSE) partnering with for the deployment of ultra-fast EV charging stations in France?

ADS-TEC Energy (NASDAQ: ADSE) is partnering with Paragon Mobility for the deployment of ultra-fast, battery-buffered EV charging stations in France.

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