Press release
ADS-TEC Energy and JOLT Energy Deepen Long-Standing Partnership With Roll-Out Targets for an Ultra-Fast Charging Network in City Centers
By combining battery storage with a charging station, ADS-TEC Energy enables the rapid scale-up of charging infrastructure in inner cities without grid
About this update from Ads-tec Energy Plc
[{"type":"text","content":"\n\nBy combining battery storage with a charging station, ADS-TEC Energy enables the rapid scale-up of charging infrastructure in inner cities without grid expansion\n\n\n\nCharge point operator JOLT Energy (JOLT) relies on ADS-TEC Energy's battery-buffered charging solutions\n\n\n\nEUR 150 M funding for JOLT from infrastructure investors to build ultra-fast charging network in cities - deployment of over 1,000 charging points in the next 18 months announced\n\n\n\nFor 2023, JOLT has already ordered a high double-digit number of systems\n\n\n\n NÜRTINGEN, Germany--(BUSINESS WIRE)--\nADS-TEC Energy (NASDAQ: ADSE), a leading international manufacturer of battery storage-based platform solutions, and JOLT Energy today announced an extension of their long-standing collaboration to deploy ultra-fast charging stations in major cities in Europe and the United States. JOLT has already ordered a high double-digit number of systems for 2023, and more orders are expected in support of JOLT’s roll-out plan. The collaboration reflects the strong demand for a fast, convenient charging experience, especially in inner-city areas.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230517005162/en/ADS-TEC Energy, a leading international manufacturer of battery storage-based platform solutions, and JOLT Energy today announced an extension of their long-standing collaboration to deploy ultra-fast charging stations in major cities in Europe and the United States. JOLT has already ordered a high double-digit number of systems for 2023, and more orders are expected in support of JOLT’s roll-out plan. The collaboration reflects the strong demand for a fast, convenient charging experience, especially in inner-city areas. (Graphic: Business Wire)\nADS-TEC Energy’s battery-buffered, ultra-fast charging solutions provide charging power of up to 320 kW in power-limited, low-voltage energy grids, without the need for grid expansion. Waiting for grid expansion can take months, and in cities there is typically no space for electrical substations. Charging stations from ADS-TEC Energy, on the other hand, can be quickly integrated into existing sites with a minimum footprint. In addition to supporting the grid, the ADS-TEC Energy stations store excess renewable energy so it is available for charging an...