ADS-TEC Energy Strategy Pays Off

E-Mobility Ramps-Up With Ultra-Fast Charging Solutions and Strong Strategic Partners amperio, GP JOULE CONNECT and JOLT Energy

ADS-TEC Energy (NASDAQ: ADSE), a leading provider of battery-based, ultra-fast charging systems in Europe and the U.S., today announced that strategic partners are successfully implementing its ultra-fast charging systems in a wide range of use cases, demonstrating the significant potential of battery-buffered, ultra-fast charging for rapidly scaling electric vehicle (EV) charging. ADS-TEC Energy's solutions do not require time-consuming, cost-intensive network expansion, making it possible for charge-point operators (CPOs) to bring the benefits of ultra-fast charging to inner cities and rural areas where grid expansion opportunities are limited but fast EV charging solutions are needed.

Experience with the simple planning, rapid installation and reliable operation of ADS-TEC Energy's ultra-fast charging systems and their use in diverse business models by strategic partners such as amperio, GP JOULE CONNECT and JOLT Energy over the past year and a half paints an extremely positive picture. ChargeBox and, since the end of last year, ChargePost, have shown sustained high performance with up to 320 kW – matched to the charging performance of vehicles with 400- and 800-volt charging technology. Applications range from municipal applications at public parking lots or in front of retail stores, gas stations, car dealerships and car rental facilities. In the future, the partners anticipate supporting ultra-fast charging for commercial vehicles, as well.

The exceptional performance is reflected in concrete evaluations of individual charging stations from customers. The partners reported that both the charging performance per charge and the energy throughput of well over 140 charging sessions per week (with approximately 6 MWh energy throughput), exceeded their expectations for ChargeBox, with no noticeable drop in charging power for each individual charging operation. These results come from a utilization study in the Stuttgart, Germany, region, where a disproportionately large number of Porsche Taycans have been charging at a ChargeBox installed at a public gas station with a peak charging power of 270 kW. The exemplary proof of concept, which can also be applied to other charging stations, is driving additional customer inquiries.