Intelligent energy, networked – ADS-TEC Energy unveils decentralized energy platforms on a limited grid at Volta-Xchange

EQS-Media / 15.03.2024 / 14:36 CET/CEST

• In the past, energy was supplied by a handful of providers that served the market based on a centralized model via large-scale power plants
• The energy supply of the future turns this on its head: the model will be decentralized, intelligent and part of a network. There are many small providers of renewable energy that are expanding all the time and multiplying exponentially
• Taking maximum advantage of sustainable energy sources while covering peaks in demand on the existing grids calls for flexible storage facilities. The battery-buffered solutions offered by ADS-TEC Energy are one such option
• Battery-buffered solutions enable energy consumers and providers to act independently of the limited grid and inflexible energy suppliers. ADS-TEC Energy is unveiling energy platforms for limited grid capacities at Volta-Xchange.

NÜRTINGEN, Germany, March 14, 2024 – In February 2024, the Fraunhofer Institute for Solar Energy Systems ISE and the Fraunhofer Institute for Systems and Innovation Research ISI published a study looking at the potential offered by private charging infrastructure at residential and non-residential buildings. One of the findings of the study is that the low-voltage grid will not be able to cover the additional load that is expected to occur by 2030 – that is, without expensive, time-consuming upgrades. The study quotes a figure of up to EUR 9.5 billion to upgrade the grid. At Volta-Xchange in Stuttgart today, Felix Jaszczak, Product Marketing Manager at ADS-TEC Energy, presented battery storage solutions that do not require the grid to be upgraded. In addition, they are suitable for non-public charging infrastructure thanks to their ultra-fast DC charging capability.
“Back in the day, there were very few energy suppliers, and all of them were large, centralized entities,” states Jaszczak. “The future of energy is to have many smaller providers operating according to a decentralized model. Above all, this will result in small-scale power plants that are part of an intelligent network, source their power from renewable energy and supply it directly to consumers on site.” However, Jaszczak goes on to note that the use of renewable energy sources calls for highly flexible storage facilities due to the volatility of this type of energy. This is where battery storage enters the frame. Jaszczak explains that these systems can be charged using both existing and local generators: “Intelligent battery storage systems enable operators to be flexible in providing energy – even if the network is limited.”

Operating principles of a battery storage system
If a car can be fully charged to 190 kW but the grid connection can only supply, say, 100 kW, the battery storage system can cover the 90 kW shortfall. “ADS-TEC Energy products are even able to charge the battery storage system while the vehicle is charging,” states Felix Jaszczak. This is because charging in this manner works differently to, say, filling up with gas, he explains. While gas enters a car’s tank in a consistent manner, the charge for an electric vehicle is higher at the beginning of the charging cycle and lower at the end (this may vary depending on the type of vehicle). “During charging, the energy supplied switches constantly between full and lower capacity utilization. If a vehicle draws less energy than is provided by the grid, the battery storage system will charge up using the difference.” Towards the end of the cycle, every vehicle flattens its charging curve to protect the battery. This is used by the charging station’s internal battery storage system to recharge in parallel to the vehicle. “This means the next user can charge their vehicle straight away,” states Jaszczak. The company uses actual operating data and experiences from a large customer base to make this assertion.
The platform solutions provided by ADS-TEC Energy can all be linked to each other, with the result that many small-scale power plants join to become a single, decentralized plant. These storage solutions are designed to be flexible when it comes to recharging them, meaning more renewable energy can be used in the process. Another benefit is that the use of battery storage systems allows operators to act independently in periods of high network load – even today. By relying on the storage systems at these times, they save a great deal of money.
ADS-TEC Energy is the developer and producer of battery-assisted quick-charging solutions and battery storage systems for indoor and outdoor use. Its ChargePost and ChargeBox products enable ultra-fast vehicle charging of up to 320 kW on the low-voltage grid. Both products can be connected without the need for costly grid upgrades, require a minimal installation surface area and offer exceptional performance and versatility. In addition to the charging process, they offer operators multiple opportunities to generate revenue.

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

About Volta-Xchange
Volta-X is the new high-level business platform with professional and strategic exchange for a green and secure energy system. Selected decision-makers meet at the Volta-Xchange in the trade fair-free year to discuss the future energy system, exchange ideas and network. The current challenges posed by the transformation towards a CO2-neutral industry and society are highlighted and experiences presented.

More Informationen: www.messe-stuttgart.de/volta-x

Looking ahead to the future
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include statements regarding our expectations with respect to future performance and the anticipated timing of certain commercial activities. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: the impact of the COVID-19 pandemic, geopolitical events including the Russian invasion of Ukraine, macroeconomic trends including changes in inflation or interest rates, or other events beyond our control on the overall economy, our business and those of our customers and suppliers, including due to supply chain disruptions and expense increases; our limited operating history as a public company; our dependence on widespread acceptance and adoption of EVs and increased installation of charging stations; our current dependence on sales to a limited number of customers for most of our revenues; overall demand for EV charging and the potential for reduced demand for EVs if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of EVs or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; supply chain interruptions and expense increases; unexpected delays in new product introductions; our ability to expand our operations and market share in Europe and the U.S.; the effects of competition; changes to battery energy storage standards; and the risk that our technology could have undetected defects or errors. Additional risks and uncertainties that could affect our financial results are included under “Item 3. Key Information – 3.D. Risk Factors” in our annual report on Form 20-F filed with the Securities and Exchange Commission (the “SEC”) on May 11, 2023, which is available on our website at https://www.ads-tec-energy.com/en/company/invest and on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.

Media Contacts:
ADS-TEC Energy International:
Juliane Kunz
Head of PR International
press@ads-tec-energy.com

ADS-TEC Energy United States:
Stephannie Depa
Breakaway Communications
sdepa@breakawaycom.com
+1 530-864-0136

Dissemination of a Press Release, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:

English

Company:

ADS-TEC Energy GmbH

Heinrich-Hertz-Str. 1

72622 Nürtingen

Germany

Internet:

www.ads-tec.de

EQS News ID:

1860223

End of News

EQS Media