LAS VEGAS, March 10, 2022 /PRNewswire/ -- GenZ EV
Solutions ("GenZ EV"), an American company dedicated to integrating
the world's best technologies, services and investment solutions to
help businesses navigate the transition into the era of eMobility,
and ADS-TEC Energy (NASDAQ: ADSE) will debut their ultra-fast,
battery-buffered charge system during the National Automobile
Dealers Association (NADA) Convention. ADS-TEC Energy, a leader in
battery technologies, storage solutions and fast-charging systems,
recently designated GenZ EV as distributor of its technologies for
the automotive industry across the Americas.
Auto dealers are the backbone of
electrification, tasked with introducing the technology deep into
local communities.
By 2030, 50 percent of vehicles sold in the U.S. are targeted to
be EVs. In the U.S., 18,000 auto dealers are at the forefront of
the EV charger infrastructure overhaul for reasons including: (1)
the proliferation of EV models expected at showrooms in coming
years, to be delivered charged; (2) the fact that batteries of
newer EV models have greater speed-of-charge capacity, essentially
outpacing the technology of most chargers; and (3) automakers´
mandates for more advanced charging stations at dealerships.
José Valls, CEO of GenZ EV Solutions, said, "GenZ EV was
named after the generation that triggered the inflection point for
mass adoption of EVs; but we chose to premiere the ultra-fast
charger and custom solutions at NADA because we believe that
automotive dealers are the backbone of electrification, tasked with
introducing the technology deep into local communities."
"We're excited to work with the experienced team at GenZ EV
to introduce our unique, ultra-fast charging technology to the U.S.
automotive industry, starting with automotive dealers attending the
NADA conference," said John
Neville, chief sales officer, ADS-TEC Energy. "GenZ EV
has put together a comprehensive suite of services that includes
product, financing and install, making it a one-stop-shop for
cutting-edge EV charging."
State-of-the Art Charging Speed: A next-generation charger,
ultra-fast, high-capacity
The GenZ EV charging system delivers up to 320kW even when
connected to power-limited grids. It achieves this by
accepting the available power from the utility grid (commonly 50kW
or 110kW), then boosting it with energy stored in an internal
battery buffer. The system maximizes output without costly,
long-term construction or burdensome regulatory requirements, to
surpass the 300kW dispensed by other ultra-fast chargers. The
energy can be delivered to one EV at up to 320kW or to two EVs
simultaneously dispensed at 160kW each (subject to vehicle's intake
capacity).
The GenZ EV ultra-fast charge system meets the requirements of
the most advanced EVs. A 100-mile range can be charged in under 10
minutes, depending on the vehicle. The maximum
speed-of-energy-intake is dictated by an EV´s battery and should
not be limited by the charger.Today, automakers are delivering EVs
with advanced battery systems that increasingly accept a charge
that only ultra-high-power chargers can dispense.
The system includes up to two sleek dispenser towers and an
ADS-TEC Energy ChargeBox backed by the internal battery, power
electronics, energy management, controls and air conditioning. It
is compact, quiet, flexible and ideal for premium charging
destinations.
Best-in-class Energy Storage: Efficient charging 24/7
With the GenZ EV system, speed is not achieved at the expense of
efficiency or high energy costs. It downloads the energy 24/7, at
low speeds, and stores it intelligently in its internal battery,
which has a nominal capacity of 140kW. This helps avoid grid energy
consumption during peak hours at high cost.
The charger's internal battery re-charges itself with the power
available from the grid. Electricity can be drawn, in parallel,
from the grid while EVs are connected for charging. This allows the
internal charger battery to be recharged right after the car's peak
demand has been served by the charger´s battery. Depending on the
available grid power, the optimum peak energy demand can be
achieved for both the EV and the internal battery.
Best-in-class Cost Savings: Simple, flexible, cost-effective
from equipment to installation
The GenZ EV charging solution can save customers about 30
percent in total cost-of-ownership over 10 years compared to
non-battery-buffered competitors requiring the expansion of utility
grid to provide high power rates. This is achieved through a
combination of factors including: (1) does not require expensive
utility grid upgrades and/or expansions; (2) may avoid expensive
peak-hour energy consumption; (3) may need less valuable space and
time for installation.
The charging system can be installed in multiple configurations
to maximize space and service capacity. A single dispenser
installation occupies only 17.5 square feet. With one charger and
two dispensers, the footprint can be expanded to create two
charging stations 100 yards apart.
360-degree Custom Solutions: Bespoke service and up to 100
percent financing
Beyond hardware, GenZ EV Solutions helps businesses navigate the
electrification landscape. A single point of contact guides
customers from the design, build, installation states to warranty,
servicing and long-term revenue-driving opportunities. Along the
way, GenZ EV partners with world-class experts. Charge
Infrastructure, an affiliate of Charge Enterprises (OTC PINK: CRGE)
("Charge"), is GenZ EVs preferred infrastructure provider of
bespoke and seamless end-to-end EV infrastructure solutions.
Together they service the automotive industry including automakers,
commercial, fleet, dealers and other sectors. GenZ EV also provides
access to lease and financing services, up to 100 percent, via
preferred partner Mitsubishi Capital. A number of custom-tailored
financing programs are available, including a ´Total Care Package´
in which costs are covered in monthly installments.
About GenZ EV Solutions
GenZ EV LLC, a private firm based in Miami, was founded by a team of entrepreneurs
at the crossroads of sustainability, technology and finance.
Inspired by Gen Z, the generation that triggered the inflection
point for mass-adoption of EVs, its mandate is to deliver
Intelligent Fast-charging Solutions to Power the Future of
eMobility.
The company is focused on integrating the world's best
technologies, services and investment solutions to help businesses
navigate the transition into the era of
electrification. World-class hardware sourced from ADS-TEC
Energy is coupled with a full suite of premium, custom services,
including up to 100 percent financing via Mitsubishi Capital. GenZ
EV's preferred infrastructure solutions provider is Charge
Infrastructure, providing a complete platform of services spanning
design, installation and after sales revenue-driving solutions
across industries.
Like its namesake generation, the team behind GenZ EV is deeply
committed to technology and the environment. Three percent of
profits will be invested into reforestation efforts in the U.S., to
be announced late 2022.
GenZ EV LLC is a GenZ Holdings Company, also owner of Keyfetch,
the technology and automotive warranty company. To learn more
about GenZ EV Solutions go to genz.com
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
View original content to download
multimedia:https://www.prnewswire.com/news-releases/genz-ev-solutions-and-ads-tec-energy-present-battery-buffered-ultra-fast-ev-charger-at-the-national-automobile-dealers-association-nada-convention-301500364.html
SOURCE GenZ EV Solutions