Noticia

• PowerGo has placed an order for its first 20 ChargeBox systems – predominantly for public charging stations, but also for fleet operators from the transport and logistics sectors

• PowerGo plans to place further orders for fast charging systems from ADS-TEC Energy, with order volumes in the tens of millions

Nürtingen, October 31, 2023 – ADS-TEC Energy (NASDAQ: ADSE), a global leader in battery-buffered, ultra-fast charging technology, announced that it has already successfully secured over 100 million euros in new orders forfast-charging systems. These orders will be promptly fulfilled in 2023 and 2024. The agreements primarily encompass additional orders from existing successful partners of ADS-TEC Energy, but also significant new customer business.

One example is a new strategic partnership with Dutch full-service charging point operator PowerGo which initially plans to install 20 ChargeBox systems across Spain and the Netherlands. It also plans to implement a significantly larger number of additional ultra-fast charging systems in other European countries, including Germany and Denmark. More details in PowerGo’s press release on October 19, 2023.

“My team and I are thrilled to see such a huge increase in orders for our strong, storage-based platforms. We see this customer confidence as an endorsement of our strategic direction for the company. The basis for this is a clear vision, leading customers and partners, as well as a strong team that is determined to succeed. We have exactly that, as well as stable investors with a long-term commitment,” says Thomas Speidel, CEO of ADS-TEC Energy.

• PowerGo plans to install ChargeBox systems in the Netherlands and Spain
PowerGo is a subsidiary of PowerField, which has established itself as a sustainable energy provider with the generation and storage of energy from solar parks in the Netherlands. PowerGo attaches particular importance to sustainability and aims to roll out and operate environmentally friendly charging solutions with the best service across the globe. The company has set itself the goal of becoming one of the largest charging station operators in Europe.

The first step in the collaboration with ADS-TEC Energy is the rapid installation of the first order of ChargeBox fast-charging systems in Spain and the Netherlands. They will be installed primarily in public spaces, for example in downtown areas, and will also be used by fleet operators in the transport and logistics sectors. All types of vehicles can be charged at each of the ChargeBox’s two high-performance charging columns, from cars and vans to trucks and buses. ADS-TEC Energy’s powerful and flexible charging solutions will benefit last-mile logistics in particular, largely because low power connections of less than 110 kVA at a charging location are sufficient to enable ultra-fast charging of up to 320 kW. This allows charging to a range of 100 km in just a few minutes almost anywhere, even with multi-shift operation of delivery vehicles.

• The perfect solution to customer requirements
The Netherlands is one of the most advanced markets for electric vehicles in Europe and the existing power grid has already reached its maximum capacity in many areas. This means reliable battery storage-based solutions such as ChargeBox are in high demand as they can provide up to 320 kW of charging power when connected to the existing power-limited grid, without the need for costly grid expansion.

• Great potential for strengthening the PowerGo partnership
Jean-Louis Bertholet, CEO of PowerGo, says of the partnership: “ADS-TEC Energy’s ultra-fast charging systems deliver impressive flexibility and speed in terms of their design, quality, and performance. This is exactly the kind of system we need to meet the ambitious demands of the market and the strong growth in e-mobility in countries with power-limited grids. This is why we are particularly pleased to be partnering with ADS-TEC Energy and look forward to a rapidly expanding, future-oriented collaboration.”

Thomas Speidel, CEO of ADS-TEC Energy, agrees: “A strategic partnership with an international company like PowerGo once again confirms how electric infrastructure can scale beyond known limitations. It demonstrates the urgent need to offer reliable, storage-based fast charging systems like ChargeBox and ChargePost. This is the only way the energy and mobility transition can be successful.”

Both partners see great potential for expanding the partnership in other European countries, such as Germany and Denmark.

• 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. It was most recently 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-operators.

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

• About PowerGo
PowerGo is a subsidiary of PowerField, a Dutch company working toward a sustainable future through solar energy.

PowerGo facilitates electromobility through fast and sustainable charging. The fast-charging stations are powered by certified sustainable solar energy. In this way, PowerGo is not only making an important contribution to the European energy transition, but also to the development of a European fast charging network. PowerGo’s goal is to become one of the leading charge point operators (CPOs) in Europe.

www.powergo.energy