ADS-TEC Energy Wins “Overall Charging Station Technology of the Year” Award From AutoTech Breakthrough
13 October 2022 - 11:00PM
Business Wire
Annual Awards Program Recognizes Innovation in
Automotive and Transportation Technologies Around the Globe
ADS-TEC Energy (NASDAQ: ADSE), a global leader in
battery-buffered, ultra-fast charging technology, today announced
it has been recognized as “Overall Charging Station Technology of
the Year” in the third annual AutoTech Breakthrough Awards program.
The program is conducted by AutoTech Breakthrough, a leading market
intelligence organization that recognizes the top companies,
technologies and products in the global automotive and
transportation technology markets today.
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ADS-TEC Energy Wins “Overall Charging
Station Technology of the Year” Award From AutoTech Breakthrough
(Graphic: Business Wire)
ADS-TEC Energy’s proprietary approach to battery-buffered
electric vehicle (EV) charging allows ultra-fast (L3) charging on
existing, power-limited electrical grids, enabling widespread,
ultra-fast charging (up to 320 kW) on without additional
infrastructure power upgrades.
The technology can draw from sources as low as 50kW, making it
possible for fleet operators, municipalities, service stations,
auto dealerships and others, to quickly install ultra-fast EV
chargers to power their growing fleets of EVs and support their
EV-driving customers. It also allows for the introduction of
ultra-fast charging in locations where it was previously
unavailable due to power-grid limitations, such as remote and rural
areas.
The technology is available in the ADS-TEC Energy ChargeBox,
which consists of the ChargeBox Booster, handling energy conversion
and storage, and the ChargeBox Dispenser, which delivers the
ultra-fast charge to EVs, providing a full charge in as little as
10 minutes. It was developed in conjunction with Porsche, which was
first to deploy the system, installing ChargeBox in its dealerships
throughout Europe and the U.S., and ChargeBox is now being deployed
more widely.
“We are thrilled to receive this award from AutoTech
Breakthrough for technology we are incredibly proud of. For
businesses seeking to offer EV charging, we believe this technology
is truly a game-changer,” said Thomas Speidel, CEO, ADS-TEC Energy.
“With ChargeBox, we’re making it easier and more affordable for
businesses to install and offer EV charging, supporting the growing
market demand and mandates for electric vehicles in the U.S. and
Europe.”
The mission of the annual AutoTech Breakthrough Awards program
is to conduct the industry’s most comprehensive analysis and
evaluation of automotive and transportation technology categories,
including Connected Car, Electric Vehicles, Engine Tech, Automotive
CyberSecurity, Sensor Technology, Traffic Tech and many more. This
year's program attracted more than 1,500 nominations from over 15
different countries throughout the world.
“By 2030, 50% of vehicles sold in the U.S. are expected to be
EVs, yet it is doubtful that our existing power grid will be able
to handle this growth, as it is already woefully underpowered.
Research estimates that the U.S. will need to invest as much as
$125 billion in the grid to allow it to handle all of these EVs.
There is a major disconnect between what is required for the power
grid to support the growth of EVs, and what will be possible to
achieve over the next few years,” said Bryan Vaughn, Managing
Director of AutoTech Breakthrough Awards. “ADS-TEC Energy shows
that their battery-buffered charging technology can enable charging
operators to cost-effectively scale the charging infrastructure
that underpins an all electric-vehicle world without concerns over
the drain on the grid. Congratulations on being our pick for the
‘Overall Charging Station Technology of the Year’ award.”
About ADS-TEC Energy
ADS-TEC Energy Inc. is a U.S. subsidiary of the German ADS-TEC
Energy GmbH, which is a subsidiary of the publicly traded (NASDAQ)
Irish ADS-TEC Energy plc. 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. 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 on www.adstec-energy.com.
About AutoTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and
recognition platform for global technology innovation and
leadership, the AutoTech Breakthrough Awards program is devoted to
honoring excellence in automotive and transportation technologies,
services, companies and products around the world. The AutoTech
Breakthrough Awards program provides a forum for public recognition
around the achievements of AutoTech companies and solutions in
categories including Connected Car, Electric Vehicles, Engine Tech,
Automotive CyberSecurity, Sensor Technology, Traffic Tech, Vehicle
Telematics and more. For more information visit
AutoTechBreakthrough.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20221013005052/en/
Media for ADS-TEC Energy: Stephannie Depa Breakaway
Communications sdepa@breakawaycom.com +1 530-864-0136
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