ADS-TEC Energy and Caverion extend their partnership to Denmark and Sweden

EQS-Media / 20.06.2024 / 14:30 CET/CEST

  * Caverion and the German company ADS-TEC Energy are expanding their
    cooperation to include the other Nordic countries of Denmark and Sweden
    just a few weeks after signing the agreement for Norway.

  * ADS-TEC Energy supplies battery-buffered fast charging solutions that
    enable ultra-fast charging with up to 320 kW on the limited grid - and
    thus almost anywhere, whether in the city or in the countryside.

  * Existing charging points with low capacity can be easily replaced with a
    solution from ADS-TEC Energy and upgraded to high charging capacity.

  * Caverion is the market leader for public charging stations in Norway -
    in 2023 every third fast charging station there was installed by the
    company.

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Nürtingen, Germany, 19. June 2024 - ADS-TEC Energy (ADSE) and Caverion have
signed a partnership agreement for the supply of battery-buffered fast
charging solutions that enable ultra-fast charging of electric vehicles with
up to 320 kW - without complicated and expensive grid expansion.

Caverion is the market leader for public charging stations in Norway. Last
year, the company installed one in three fast charging stations there and
has service contracts for around half of all chargers in operation.
The company's e-mobility team sees great opportunities in ADS-TEC Energy's
solution. "The limited capacity of the power grid is an obstacle to the use
of fast-charging stations in many places. With this solution, it is possible
to set up ultra-fast charging, says Ove Kjelby, Head of Sales e-mobility at
Caverion.
With its integrated batteries, ADS-TEC Energy ChargeBox and ChargePost
deliver fast charging whenever it is required. By using the existing grid
infrastructure, ADS-TEC Energy's chargers offer many times the charging
capacity of the grid's power connection, making it possible to charge EVs in
minutes. Furthermore, these solutions are a cost-effective way to upgrade
older, low-power AC charging stations. They also offer the flexibility of
being positioned up to 300 meters away from the grid connection.
ADS-TEC Energy and Caverion have been working together in Norway since
February 2024 and, based on this positive experience, the partnership is now
being extended further in the Nordic region.

"ADS-TEC Energy's products and their innovative solution for ultra-fast
charging in limited grids have also opened the eyes of our colleagues in
Sweden and Denmark, and we have therefore decided to expand the partnership
sooner rather than later," says Kjelby.
The Managing Director of ADS-TEC Energy, Thomas Speidel, is looking forward
to a long-term partnership. "We see great potential in the cooperation with
Caverion to offer fast, practical and high-quality services for customers
and owners of charging stations in the Nordic region. This experienced and
reliable company is the perfect partner because Caverion covers the entire
spectrum of high-quality maintenance and services in the world's leading
electromobility market."

More than 20 percent of vehicles on Norwegian roads are now electric cars.
According to an estimate from 2022, the country will need between 6,000 and
10,000 fast charging points for electric cars by 2030. Fast charging
solutions, such as those from ADS-TEC Energy, make a decisive contribution
to achieving this goal because they can be installed quickly and without
upgrading the power grid.

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: www.ads-tec-energy.com

Media Contact:
For ADS-TEC Energy -International
Juliane Kunz
Senior Press Officer
press@ads-tec-energy.com

For ADS-TEC Energy - US
Stephannie Depa
Breakaway Communications
+1 530-864-0136
sdepa@breakawaycom.com


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Issuer: ADS-TEC Energy GmbH
Key word(s): Energy

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   Language:       English
   Company:        ADS-TEC Energy GmbH
                   Heinrich-Hertz-Str. 1
                   72622 Nürtingen
                   Germany
   Internet:       www.ads-tec.de
   EQS News ID:    1927947

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