ADS-TEC Energy Conquers the Nordic Countries – Caverion Group to Become a Strong and Strategic Long-term Partner
February 29 2024 - 10:33AM
Business Wire
- ADS-TEC Energy is expanding its presence in the Nordic
countries, starting with Norway
- The company is partnering with Caverion – an experienced and
well-known partner in the field of industrial and CPO services
- ADS-TEC Energy is kick-starting the partnership by supplying
ChargePost, ChargeBox and C&I energy storage systems
- ADS-TEC products offer ultra-fast charging in limited grids and
on existing infrastructure, combined with multi-stream revenue
opportunities
ADS-TEC Energy (NASDAQ: ADSE) and the Caverion
Group sign a historic partnership agreement for Norway, serving as
the starting point for the Nordic countries. Together, they are
driving forward the expansion of fast-charging electric mobility
infrastructure in these countries. Caverion, an internationally
active maintenance company, will be the system integrator, taking
over the commissioning and maintenance of the company’s
fast-charging products with immediate effect. This makes it the
official service partner for ADS-TEC Energy in Norway.
Caverion – a strong partner in the Nordic countries
Caverion provides technical building services across all trades.
It plans and installs technical building systems and offers service
and maintenance over the entire life cycle of a building –
regardless of whether this is an office complex, industrial site or
infrastructure. Furthermore, it is a strong and trusted service
provider for leading CPOs in their markets. The company has 14,500
employees at 216 locations in ten countries. Partnering with
ADS-TEC Energy is the next logical step for its business.
“ADS-TEC products are innovative and a good solution for our
customers and partners who often have limited grid access,” says
Ove Kjelby, Head of Sales E-Mobility at Caverion. “Since they
enable ultra-fast charging from limited networks, they can utilize
existing infrastructure without expanding the grid. Furthermore,
ADS-TEC products are a good fit for CPOs that need to renew their
older chargers in a cost-efficient way, while still capitalizing on
the existing infrastructure.” He also points out the ability to
level off peaks due to the products’ technical finesse: “Since
ChargeBox and ChargePost can provide multi-stream revenues for our
clients, we are happy to include this offer in our range of
products and services.”
ADS-TEC Energy’s CEO Thomas Speidel is looking forward to a
long-term partnership: “For us, Caverion represents a partner in
Norway and the Nordic countries that offers quick, hands-on quality
services to customers and CPOs. This experienced and trusted
company is the perfect partner for bringing the full range of
high-quality maintenance and services to the world’s leading
e-mobility market.”
Fast charging without grid expansion
Fast-charging solutions from ADS-TEC Energy are an industry
benchmark: the battery-buffered platform solutions offer ultra-fast
charging with up to 320 kW and a small footprint – without the need
for complex, costly grid expansion. This means that electric
vehicles (EVs) can be charged within minutes, even if the grid
power is too low for fast charging. ADS-TEC Energy is supplying the
fast-charging solutions ChargePost, ChargeBox and C&I energy
storage systems. The ChargeBox is the most compact and efficient
solution in its class. Thanks to the various placement options for
the system components, the grid connection can be up to 300 meters
away from the charging point. The ChargePost also enables High
Power Charging (HPC) within minutes on a power-limited grid – and
takes ultra-fast charging to a new level with best-in-class
technologies. With a local presence, ADS-TEC Energy and Caverion
ensure fast and reliable service in Norway.
Norway is a global pioneer in e-mobility. More than 20 percent
of vehicles on Norwegian roads are now EVs. According to an
estimate from 2022, the country will need between 6,000 and 10,000
fast-charging points for EVs by 2030. Fast-charging solutions, such
as those from ADS-TEC Energy, will help the country to achieve this
goal without extensive structural changes.
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: ads-tec-energy.com
About the Caverion Group
Caverion stands for technical building equipment in all trades.
They plan and construct technical building systems and provide
service and maintenance. Caverion covers the entire life cycle of a
building – whether office complex, industrial plant, airport,
hospital or congress center. Caverion OY, based in Helsinki,
employs more than 14,000 people in ten countries in Northern,
Eastern and Central Europe.
More information: caverion.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240229940835/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
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