NHOA

REN and Atlante Establish Partnership to Develop Five Projects Using the Speed-E Grid Connection Solution

Regulatory News:

REN – Redes Energéticas Nacionais, operator of the Portuguese electricity and natural gas transmission networks, and Atlante, the company of NHOA Group (Paris:NHOA) dedicated to electric vehicles (EVs) fast and ultra-fast charging network, signed today, February 1st, a Memorandum of Understanding for the development of five projects in Portugal using the Speed-E grid connection solution, developed and patented by REN, in selected Atlante fastcharging stations.

Speed-E is an innovative solution that enables the charging of electric vehicles through a direct connection to the electricity transmission network, i.e. Very-High-Voltage transmission lines. By enabling a direct connection to the transmission network, in addition to providing significant power for electric vehicle charging purposes, the solution paves the way to the expansion of charging infrastructures to locations where the transmission network is present. In Portugal, this represents an extension of approximately 9,000 km. The solution ensures the power supply of multiple fast and/or ultra-fast chargers simultaneously, and its modular architecture also enables the customisation and progressive scalability of projects, according to customers' power requirements and an ever-growing EV penetration.

The partnership between REN and Atlante will result in the world's first EV fastcharging stations directly powered from Very-High-Voltage transmission lines. This underscores Atlante’s commitment to always implementing the most advanced technological solutions to deliver EV drivers an uncompromised charging experience, while mitigating the globally ever-increasing power demand.

For João Faria Conceição, REN’s COO: "This partnership reflects REN's ability to develop solutions that address the energy transition, while positively contributing to the decarbonisation of society. Atlante is an obvious partner for speed-E in Portugal, not only due to its broad experience in the charging sector but also its recognition, from the onset, of this innovative tool strategic potential to promote faster and safer charging of electric vehicles, thus mitigating future challenges related to an increased need for power availability".