ADS-TEC Energy continues to advance in the Netherlands: joint venture as part of NXT Mobility / GP Groot wins tender for the northwest of the country
March 07 2024 - 8:38AM
Business Wire
- NXT 50five, the joint venture between 50five and NXT Mobility
as part of the GP Groot initiative, has won the MRA-Electric tender
to install and operate public rapid charging stations supplied by
ADS-TEC Energy
- The tender covers the installation, management and operation of
rapid charging points at up to 600 locations
- Most of the MRA-E area faces network congestion, making it
ideal for battery-buffered rapid charging solutions from ADS-TEC
Energy
- NXT 50five is already preparing the installation for the first
nine of up to 200 rapid charging stations
Rapid charging stations from ADS-TEC Energy (NASDAQ: ADSE) will
soon be more widely available in the Dutch provinces of
Noord-Holland, Utrecht and Flevoland as NXT 50five wins a
tender from the Metropolitan Region of Amsterdam – Electric
(MRA-E).
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ADS-TEC Energy rapid charging stations
will soon be more widely available in northwest Dutch provinces as
NXT 50five wins a tender from the Metropolitan Region of Amsterdam
– Electric (Photo: Business Wire)
This is the first time that municipalities in the Netherlands
have come together to launch a joint tender for rapid charging
stations. More than three-quarters of the 74 communities in the
northwest region are involved in this new milestone in the
implementation of a nationwide rapid charging network for electric
vehicles.
NXT 50five’s success demonstrates the benefits of
battery-buffered rapid charging solutions from ADS-TEC Energy, as
unlike conventional rapid charging stations, they are suitable for
many more locations and can be connected anywhere with minimal
effort.
Intelligent solution for areas with network
congestion
The majority of the MRA-E area faces network congestion. Given
the increasing demand for electric vehicles and the charging
infrastructure these require, NXT 50five can meet the challenges of
limited networks using ADS-TEC Energy products. The ultra-fast
platform solutions from ADS-TEC Energy are battery-buffered and
enable rapid charging speeds even on limited grids.
Erik Metselaar, Director of NXT Mobility, says: “This technology
enables us to lead the transition to sustainable mobility, even in
areas where the electricity grid does not allow it. It is a game
changer for the rollout of our network and for the future of
electric driving in the Netherlands.”
NXT 50five is one of the three companies awarded the concession,
along with Shell and TotalEnergies. Over a period of four years,
the joint venture will equip up to 200 locations. Implementation
has already started, with NXT 50five currently preparing the
installation of the first nine stations.
Thomas Speidel, CEO of ADS-TEC Energy: “Winning this tender
highlights the appeal of our products. Our technology allows rapid
charging infrastructure to be rolled out much faster. We’re
delighted with the positive synergies resulting from this joint
venture. Together, we’re accelerating our vision and commitment to
a sustainable mobility transition.”
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 NXT 50five NXT 50five is a partnership between NXT
Mobility and 50five aimed at developing a public rapid charging
network for electric vehicles. NXT 50five aims to accelerate the
transition to electric driving in the Netherlands by focusing on
setting up rapid charging stations in areas with network congestion
and providing charging services for cars and trucks. 50five is one
of the largest providers of electric vehicle (EV) charging
infrastructure in Belgium, Germany, the Netherlands, Luxembourg and
the United Kingdom. NXT Mobility offers charging solutions for
electric vehicles as well as environmentally and climate-friendly
fuels, and operates NXT Energy Hubs, the filling stations of the
future. NXT Mobility is part of the GP Groot Group.
Forward-looking Statements
This press release contains forward-looking statements within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue,” and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements include statements regarding our
expectations with respect to future performance and the anticipated
timing of certain commercial activities. There are a significant
number of factors that could cause actual results to differ
materially from the statements made in this press release,
including: the impact of the COVID-19 pandemic, geopolitical events
including the Russian invasion of Ukraine, macroeconomic trends
including changes in inflation or interest rates, or other events
beyond our control on the overall economy, our business and those
of our customers and suppliers, including due to supply chain
disruptions and expense increases; our limited operating history as
a public company; our dependence on widespread acceptance and
adoption of EVs and increased installation of charging stations;
our current dependence on sales to a limited number of customers
for most of our revenues; overall demand for EV charging and the
potential for reduced demand for EVs if governmental rebates, tax
credits and other financial incentives are reduced, modified or
eliminated or governmental mandates to increase the use of EVs or
decrease the use of vehicles powered by fossil fuels, either
directly or indirectly through mandated limits on carbon emissions,
are reduced, modified or eliminated; supply chain interruptions and
expense increases; unexpected delays in new product introductions;
our ability to expand our operations and market share in Europe and
the U.S.; the effects of competition; changes to battery energy
storage standards; and the risk that our technology could have
undetected defects or errors. Additional risks and uncertainties
that could affect our financial results are included under “Item 3.
Key Information – 3.D. Risk Factors” in our annual report on Form
20-F filed with the Securities and Exchange Commission (the “SEC”)
on May 11, 2023, which is available on our website at
https://www.ads-tec-energy.com/en/company/invest and on the SEC’s
website at www.sec.gov. Additional information will also be set
forth in other filings that we make with the SEC from time to time.
All forward-looking statements in this press release are based on
information available to us as of the date hereof, and we do not
assume any obligation to update the forward-looking statements
provided to reflect events that occur or circumstances that exist
after the date on which they were made, except as required by
applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240307093394/en/
Media Contacts: 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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