ADS-TEC Energy Demonstrates Ultra-Fast Charging Without Compromise at the EV Charging Summit & Expo

Rhea-AI Summary

ADS-TEC Energy plc (ADSE) unveils ChargeBox EV charging platform at EV Charging Summit & Expo, showcasing ultra-fast charging technology for EVs. The platform supports CCS1 and NACS charging plugs, with a charging capacity of up to 320 kW. The innovative solution offers quick deployment, lower costs, and flexibility, making it ideal for various locations like apartment buildings, hotels, supermarkets, and fleet operators.

Insights

Energy Industry Analyst

The introduction of ADS-TEC Energy's ChargeBox at the EV Charging Summit & Expo represents a significant advancement in the electric vehicle (EV) charging infrastructure sector. The ChargeBox's ability to deliver up to 320 kW of power even on grids with limited capacity addresses a critical bottleneck in the widespread adoption of EVs, which is the availability of fast-charging stations. This technology could potentially reduce the need for costly grid upgrades, which have been a major barrier to the deployment of ultra-fast charging stations.

From an energy perspective, the scalability and flexibility of the ChargeBox system could facilitate a more rapid expansion of charging networks, thereby supporting the growth of the EV market. This is particularly relevant as governments and corporations commit to reducing carbon emissions. The adoption of such technologies could also influence energy demand patterns, leading to increased investments in renewable energy sources to meet the anticipated rise in electricity consumption by EVs.

Financial Analyst

ADS-TEC Energy's unveiling of the ChargeBox platform may have positive implications for the company's financial performance and stock valuation. The ability to deploy ultra-fast chargers at a lower cost and without extensive infrastructure upgrades could give ADS-TEC a competitive edge in the rapidly growing EV charging market. As the EV market continues to expand, driven by both consumer demand and regulatory pressures, the demand for efficient and cost-effective charging solutions is likely to grow.

Investors should monitor the adoption rate of ChargeBox units, partnerships with residential complexes and the expansion into commercial venues like hotels and supermarkets. These factors could serve as indicators of the company's market penetration and revenue growth potential. Additionally, the company's stock may react positively to the successful deployment and operational efficiency of the ChargeBox, as it demonstrates the practical viability of the solution and could lead to increased sales and market share.

Sustainability Consultant

The deployment of ChargeBox technology has broader implications for sustainability in urban environments. By enabling ultra-fast charging in a compact form factor, ChargeBox can contribute to the reduction of greenhouse gas emissions by accelerating the transition to electric vehicles. For large apartment buildings and offices, the installation of such charging stations can be a part of their sustainability initiatives, potentially improving their environmental credentials and attractiveness to environmentally conscious tenants and employees.

Moreover, the transition to EVs supported by technologies like ChargeBox can lead to a decrease in urban air pollution. This is particularly important in densely populated areas where air quality is a significant public health concern. The utilization of ChargeBox in multi-family residential complexes also demonstrates a shift in the approach to EV charging infrastructure, promoting shared resources over individual charging points, which can lead to more efficient land use and energy consumption patterns.

• At the EV Charging Summit & Expo, ADS-TEC Energy is showcasing its battery-buffered, ultra-fast charging platform ChargeBox, which supports CCS1 today and will soon support NACS charging plugs
• ChargeBox charges ultra-fast even on a power-limited grid, enabling ultra-fast charging to become as ubiquitous as air conditioning and elevators for large apartment buildings and offices
• At the conference, the founder and CEO of ADS-TEC Energy, Thomas Speidel, highlighted how the company's unique business models will cut charging costs

LAS VEGAS--(BUSINESS WIRE)-- EV Charging Summit & Expo-- ADS-TEC Energy plc (NASDAQ: ADSE), a global leader in battery-buffered, ultra-fast charging technology, unveiled its innovative ChargeBox EV charging platform at the EV Charging Summit & Expo in Las Vegas, March 20-22, 2024.

ADS-TEC Energy's Founder and CEO Thomas Speidel (second from right) with his team at EV Charging Summit & Expo (Photo: Business Wire)

The ChargeBox has a charging capacity of up to 320 kW, even on power-limited grid connections. It currently supports CCSI charging plus and will soon support NACS charging plugs. This ultra-fast charging solution offers maximum setup flexibility and, compared to conventional DC chargers, can be deployed more quickly with lower cost as it requires no extensive construction or upgrades to high-powered electrical infrastructure.

This week ADS-TEC Energy unveiled the first U.S. deployment of the ChargeBox at a multi-family residential complex in North Miami Beach. This deployment allows drivers at the 470-unit complex to charge their EVs in just minutes and requires only two parking spaces. The complex managers decided against equipping parking spaces at great expense with slower Level 2 chargers which would block the spaces for many hours and are destined to become obsolete in a couple of years. For comparison, 100 Level 2 chargers of 11 kW each have a connected load of 1.1 MW and yet would not charge quickly. Instead, they decided to install the ChargeBox and are demonstrating how quickly and easily ChargeBox can be used without requiring expensive grid expansion.

A compact and efficient solution, ChargeBox is the ideal charging system for apartment buildings and hotels, supermarkets, filling stations, companies, car dealerships and fleet operators, who are increasingly switching to EVs.

The founder and CEO of ADS-TEC Energy, Thomas Speidel, spoke at the EV Charging Summit & Expo conference about the importance of sustainable infrastructure. He noted ChargeBox’s unique business models will make an important contribution to the nationwide adoption of EVs.

"Our aim is to make ultra-fast charging accessible to as many EV drivers as possible," said Thomas Speidel. "For residents of large apartment buildings, charging in just a few minutes with ChargeBox will become as common as air conditioning, valet parking or elevators. In city centers with limited space and in supermarket and office parking lots, ChargeBox will deliver ultra-fast charging even on power-limited networks. With this solution, we are boosting the U.S.’s EV charging infrastructure and doing our bit to encourage more people to opt for an electric vehicle."

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, an operating company incorporated in Germany (“ADSE GM”) and ads-tec Energy Inc., a U.S. subsidiary of ads-tec Energy GmbH (“ADSE US” and together with ADS-TEC Energy and ADSE GM, “ADSE”). Based on more than 10 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. It was nominated by the President of the Federal Republic of Germany for the German Future Prize and elevated to the "Circle of Excellence" in 2022. 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 point operators.

More information: https://www.ads-tec-energy.com/en/

View source version on businesswire.com: https://www.businesswire.com/news/home/20240322683608/en/

Media:

ADS-TEC Energy Europe:

Juliane Kunz

Head of PR Europe

press@ads-tec-energy.com

ADS-TEC Energy United States:

Stephannie Depa

Breakaway Communications

sdepa@breakawaycom.com

+1 530-864-0136

Source: ADS-TEC Energy plc

FAQ

What was unveiled by ADS-TEC Energy plc at the EV Charging Summit & Expo?

ADS-TEC Energy plc unveiled its ChargeBox EV charging platform at the EV Charging Summit & Expo.

What charging plugs does the ChargeBox platform support?

The ChargeBox platform supports CCS1 and will soon support NACS charging plugs.

What is the charging capacity of the ChargeBox platform?

The ChargeBox platform has a charging capacity of up to 320 kW.

Where was the first U.S. deployment of the ChargeBox?

The first U.S. deployment of the ChargeBox was at a multi-family residential complex in North Miami Beach.

Why did the complex managers choose the ChargeBox over Level 2 chargers?

The complex managers chose the ChargeBox over Level 2 chargers due to its quick charging capability, minimal space requirement, and cost-effectiveness.