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ADS-TEC Energy PLC (NASDAQ: ADSE) is a leading innovator in the field of battery-buffered, ultra-fast electric vehicle (EV) charging technology. The company specializes in the development, production, and marketing of advanced battery storage systems, charging infrastructure, and cloud-based services that enable users to efficiently manage and control their energy solutions. Based in Ireland and publicly listed on NASDAQ, ADS-TEC Energy operates internationally with significant footprints in Europe and the United States.
The company's flagship product, the ChargeBox, is a battery-buffered, ultra-fast EV charging solution that allows vehicles to be charged in a matter of minutes, even on power-limited grids. This cutting-edge technology is designed to address the growing demand for quick and reliable EV charging, particularly in large residential complexes, city centers, and commercial properties. The ChargeBox has been successfully deployed in various high-profile locations, including the Marina Palms Yacht Club and Residences in North Miami Beach, showcasing its ability to deliver fast charging without the need for extensive electrical upgrades.
ADS-TEC Energy's portfolio also includes the ChargePost, a multifunctional charging station that integrates battery storage and offers additional revenue opportunities through features such as advertising displays and bidirectional energy trading. This innovative product has received numerous accolades, including the German Innovation Award for its excellent design and functionality.
The company has established strategic partnerships with major automotive OEMs, utility companies, and charge point operators, enhancing its market presence and expanding its customer base. Notably, ADS-TEC Energy has entered into a service partnership with Porsche, providing remote services, diagnostics, and on-site support across Europe and North America. This collaboration underscores the reliability and high performance of ADS-TEC Energy's fast-charging systems.
Financially, ADS-TEC Energy is on a strong growth trajectory, with record revenues and profitability in recent quarters. The company reported a revenue of approximately EUR 107.4 million for FY 2023, marking a significant increase from the previous year. With ongoing projects, new product launches, and expanding partnerships, ADS-TEC Energy is well-positioned to lead the EV charging infrastructure market.
For more information, visit ADS-TEC Energy's official website.
ADS-TEC Energy (NASDAQ: ADSE) is investing
ADS-TEC Energy (NASDAQ: ADSE) has signed a master agreement with amperio for a significant expansion of its fast-charging infrastructure in Germany, starting with the installation of 101 ChargePost systems in 2023. The ChargePost is an all-in-one charging solution with up to 300 kW power, combining battery storage with two DC fast charging points in a compact design. This initiative aims to enhance the availability of ultra-fast charging stations, crucial for meeting the growing demand for electric vehicle charging in Germany.
ADS-TEC Energy (NASDAQ: ADSE) has partnered with GP JOULE CONNECT to deploy 30 ChargePost and 10 ChargeBox ultra-fast charging systems in 2023. This collaboration aims to enhance e-vehicle charging infrastructure without requiring extensive power grid expansion. The battery storage-based systems will be installed in Germany and across Europe, facilitating the transformation of energy systems. GP JOULE CONNECT specializes in sustainable mobility solutions, further supporting the initiative to promote climate-friendly mobility through advanced charging technologies.
ADS-TEC Energy (NASDAQ: ADSE) has launched ChargePost, a compact, battery-based charging system for electric vehicles, providing ultra-fast charging without grid expansion. Each unit supports up to 300 kW DC power, delivering over 100 kilometers of range in minutes. ChargePost features a small footprint, with a configurable battery capacity of 143 or 201 kWh, and includes options for advertising displays. Designed for diverse locations, it offers a quick installation and supports the transition to electric mobility, especially in urban and rural settings.
ADS-TEC Energy (NASDAQ: ADSE) has launched new installation options for its ultra-fast, battery-buffered ChargeBox system, enhancing flexibility for EV charge-point operators. The ChargeBox Dispenser can now be installed indoors, while the ChargeBox Booster can be installed entirely at ground level, eliminating the need for extensive grid infrastructure upgrades. This system allows for ultra-fast charging capabilities of up to 320 kilowatts, promoting easier installation in various environments, such as parking garages and showrooms. The new options are currently available in Germany, with plans for expansion to other regions.
ADS-TEC Energy (NASDAQ: ADSE) has partnered with P97 Networks and EvGateway to simplify the integration of ultra-fast EV charging for retailers, including over 66,000 locations using P97's platform. This collaboration features ADS-TEC's ChargeBox, which offers fast charging on existing low-power grids, alleviating infrastructure challenges. The system is certified within the EvGateway network for compliance with national utility standards. The solution helps retailers enhance customer loyalty programs and extend their service offerings while contributing to the broader adoption of electric vehicles.
ADS-TEC Energy plc (NASDAQ: ADSE) has been nominated for the German President's Award for Technology and Innovation for its innovative ChargeBox system. This ultra-fast charging technology enables electric vehicles to charge at 320 kW using existing, power-limited grids, thus reducing the need for costly electrical infrastructure upgrades. ChargeBox is currently operational at over 1,000 locations in Europe and the USA, contributing to climate neutrality in transportation. ADS-TEC Energy aims to enhance e-mobility acceptance while demonstrating the potential of battery-buffered charging systems.
ADS-TEC Energy (NASDAQ: ADSE) reported strong order momentum with bookings up over 100% year-over-year for H1 2022. The company’s order backlog exceeded €176 million, fueled by growth in Europe and the U.S. International revenue increased fourfold compared to H1 2021. Financials for H1 2022 showed revenues of €9.4 million but a gross loss of €4.8 million. The company projects FY 2022 revenue between €80 to €100 million, significantly higher than FY 2021. Notably, ADS-TEC plans to open a U.S. manufacturing plant in Q4 2022.
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