NÜRTINGEN, Germany,
Feb. 4, 2022 /PRNewswire/
-- ADS-TEC Energy (NASDAQ: ADSE), a global leader in
battery-buffered, ultrafast charging technology, today announced
that Energie Steiermark, one of the largest energy companies in
Austria, has deployed ultra-fast
electric vehicle (EV) charging stations from ADS-TEC Energy.
Reaffirming its commitment to e-mobility, Energie Steiermark has
installed two ultra-fast charging points directly in front of the
main entrance of its corporate headquarters in Graz, Austria. The ADS-TEC Energy system
charges the EVs of customers, visitors and employees up to 320
kilowatts in a matter of minutes. The installation was affordable,
did not require securing permits or approvals, and uses existing
power grids.
With its dense network of charging stations, the Austrian
province of Styria is considered one of the showcase regions for
e-mobility in Europe. Energie
Steiermark, which provides energy and services throughout
Austria and internationally, is
planning to expand the region's fast-charging infrastructure by
deploying ADS-TEC Energy's battery-buffered technology more
broadly. Depending on the vehicle, the ADS-TEC Energy chargers
deliver capacities of up to 320 kilowatts, with quieter operation
than conventional systems. This enables electric cars with modern
800-volt technology to be charged in minutes in residential areas,
without the driver having to travel long distances to the charging
parks located on major highways.
After being installed in front of the Energie Steiermark
headquarters last May, the two green, futuristically-styled
charging columns quickly became extremely popular among customers,
visitors and employees, who use the service to charge their
vehicles even after short meetings or visits.
Energie Steiermark is currently determining additional locations
for installing ultra-fast charging stations in the region, a
process which is easier and less costly than other options; it does
not require investment in power grid expansion and can be set up
and installed within a few days without requiring time-consuming
construction of medium-voltage systems and transformer stations. It
also does not require securing building permits, approval
procedures and ongoing fees that would otherwise be necessary with
other charging technologies.
The product enabling the rapid deployment of ultra-fast charging
stations in power-limited grids is the ADS-TEC Energy ChargeBox,
which incorporates a battery storage system that continuously
charges itself slowly to release maximum charging power when
needed. The available connection line from the grid is used
directly for the charging process – in Graz it is 50 kilowatts — and the energy is
then stored in the ChargeBox battery. This approach ensures that
there is always enough energy and power available, even for many
charging cycles in a row.
The ChargeBox and individual charging stations can be installed
directly next to each other – as is the case in front of Energie
Steiermark's company headquarters – or also at a significant
distance of up to 329 feet (100 meters). Compared to systems
requiring a dedicated grid extension, ADS-TEC Energy's
battery-buffered fast-charging solution is typically much more
cost-effective. It also takes up significantly less space. This
makes development in urban locations much easier. In terms of its
capacity and performance, ADS-TEC Energy is the world leader of
this small design. All the necessary technology, such as the
battery unit with 140 kilowatt hours, power electronics, air
conditioning and control system, is housed in a footprint of less
than 16 square feet (1.5 square meters). The system operates
noiselessly even in maximum operation and is therefore well suited
for use in residential areas and next to multi-apartment
buildings.
Christian Purrer, Energie Steiermark board spokesman, said: "The
expansion of the infrastructure of e-charging stations is key to
the successful deployment of electromobility. With the ultra-fast
charging station from ADS-TEC Energy, we can easily charge electric
cars with up to 320 kilowatts within a few minutes, if necessary.
The charging station installed in front of our headquarters sets a
new standard in terms of convenient and flexible use of
electrically-powered vehicles. Thanks to our consistent expansion
of the charging infrastructure, today no household in Styria is
further than one mile (15 kilometers) from the nearest e-charging
station."
Martin Dreyer, Sales Manager at
ADS-TEC Energy, added: "Energie Steiermark is considered one of the
pioneers of e-mobility in Europe.
With the installation of our ultra-fast charging station directly
in front of the company headquarters, the company has set an
example that has already attracted a great deal of attention in the
industry in Europe and the
USA. We look forward to working
with Energie Steiermark to further advance the region's lead in
climate protection and e-mobility."
About ADS-TEC Energy
ADS-TEC Energy Inc. is a US subsidiary of ADS-TEC Energy
GmbH. ADS-TEC Energy GmbH is a subsidiary of ADS-TEC Energy, a
publicly-listed company in Ireland
and on NASDAQ. ADS-TEC Energy is drawing on more than ten years of
experience with lithium-ion technologies, storage solutions and
fast charging systems, including the corresponding 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
certain forward-looking statements within the meaning of Section
27A of the Securities Act and Section 21E of the Exchange Act,
including, but not limited to, statements regarding ADS-TEC Energy
PLC's proposed business and business model, the markets and
industry in which ADS-TEC Energy PLC and its subsidiaries
(collectively, the "ADSE Group") intend to operate, the anticipated
timing of the commercialization and launch of the ADSE Group's
business and appointments to ADS-TEC Energy PLC's board and
management.
When used herein, including any oral statements made in
connection herewith, the words "outlook," "believes," "expects,"
"potential," "continues," "may," "will," "should," "could,"
"seeks," "approximately," "predicts," "intends," "plans,"
"estimates," "anticipates," the negative of such terms and other
similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such identifying words. These forward-looking statements are based
on management's current expectations and assumptions about future
events and are based on currently available information as to the
outcome and timing of future events. Except as otherwise required
by applicable law, ADS-TEC Energy PLC disclaims any duty to update
any forward-looking statements, all of which are expressly
qualified by the statements in this section, to reflect events or
circumstances after the date hereof. ADS-TEC Energy PLC caution you
that these forward-looking statements are subject to risks and
uncertainties, most of which are difficult to predict and many of
which are beyond the control of ADS-TEC Energy PLC. These risks
include, but are not limited to, (1) risks related to the rollout
of ADS-TEC Energy PLC's business and expansion strategy; (2)
consumer failure to accept and adopt electric vehicles; (3) overall
demand for electric vehicle charging and the potential for reduced
demand if governmental rebates, tax credits and other financial
incentives are reduced, modified or eliminated; (4) the possibility
that ADS-TEC Energy PLC's technology and products could have
undetected defects or errors; (5) the effects of competition on
ADS-TEC Energy PLC's future business; (6) the inability to
successfully retain or recruit officers, key employees, or
directors following the business combination; (7) changes in
applicable laws or regulations; (8) the possibility that the novel
coronavirus ("COVID-19") may adversely affect the results of
operations, financial position and cash flows of ADS-TEC Energy
PLC; (9) the possibility that ADS-TEC Energy PLC may be adversely
affected by other economic, business, and/or competitive factors;
and (10) other risks and uncertainties indicated from time to time
in documents filed or to be filed with the SEC by ADS-TEC Energy
PLC. Should one or more of the risks or uncertainties described
herein and in any oral statements made in connection therewith
occur, or should underlying assumptions prove incorrect, actual
results and plans could differ materially from those expressed in
any forward-looking statements. Additional information concerning
these and other factors that may impact ADS-TEC Energy PLC's
expectations and projections can be found in ADS-TEC Energy PLC's
periodic reports and other SEC filings that are available publicly
on the SEC's website at http://www.sec.gov.
Contacts:
United States:
Barbara Hagin
Breakaway Communications
bhagin@breakawaycom.com
+1 408-832-7626
Scott Gamm
Strategy Voice Associates
scott@strategyvoiceassociates.com
+1 917-626-9515
Europe:
Burkhard Leschke Brand Relations GmbH
Burkhard Leschke
b.leschke@blbr.de
+49 16093803331
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SOURCE ADS-TEC Energy