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NÜRTINGEN, Germany - ADS-TEC Energy (NASDAQ: ADSE), specializing in battery-based energy storage and fast-charging systems, has partnered with HyperFast to deploy its ChargePost charging stations across Belgium. The company, currently valued at approximately $657 million, has shown strong revenue growth of 168% over the last twelve months, according to InvestingPro data. HyperFast, a subsidiary of the Energy Solutions Group, the leading independent renewable energy producer in Benelux, is set to expand its charging infrastructure for electric vehicles (EVs) with ADS-TEC’s technology.
The collaboration involves the installation of more than a dozen ChargePosts, which are designed to provide up to 300 kW of charging capacity without the need for extensive grid upgrades. This solution is particularly beneficial in areas with limited grid capacity, a common challenge in the fast-growing EV market. While the company maintains a healthy current ratio of 1.47 and holds more cash than debt on its balance sheet, InvestingPro analysis reveals that improving profit margins remains a key challenge, with gross margins currently under 9%.
ADS-TEC Energy’s CEO, Thomas Speidel, emphasizes the importance of high-performance charging infrastructure to support the rapid growth of e-mobility. The ChargePost technology also offers financial benefits to operators, including energy trading and advertising space on optional large screens.
HyperFast’s charging network is integrated into the MobilityPlus charging network, granting users access to a broad range of charging stations. The strategic partnership with MobilityPlus is expected to quadruple HyperFast’s network by year’s end, all powered by green electricity from Energy Solutions Group.
Energy Solutions Group boasts over 325 sustainable energy projects, with a contracted portfolio of 1,035 megawatts, including large-scale battery storage. The group aims to save over 1 million tonnes of CO2 annually by 2027, furthering its commitment to the energy transition. For investors tracking ADS-TEC Energy’s progress, InvestingPro offers additional insights through its comprehensive financial health analysis and exclusive ProTips, helping navigate the company’s growth trajectory in the expanding EV infrastructure market.
ADS-TEC Energy, based on a decade of lithium-ion technology experience, is recognized for the high quality and functionality of its battery systems. The company was nominated for the German Future Prize and joined the "Circle of Excellence" in 2022.
This press release contains forward-looking statements regarding ADS-TEC Energy’s financial results and commercial activities. Potential risks include the impact of the COVID-19 pandemic, geopolitical events, and market acceptance of EVs. While analysts expect sales growth this year, the company’s stock has experienced a 21% decline year-to-date, trading near $12.22. The information provided is based on the current status and may change in the future.
The details of this partnership are based on a press release statement from ADS-TEC Energy.
In other recent news, ADS-TEC Energy announced a significant partnership with Q8 to supply ultra-fast charging systems in Belgium and the Netherlands. This collaboration will see the deployment of ADS-TEC Energy’s ChargePost and ChargeBox systems at Q8 service stations, addressing the demand for efficient electric vehicle (EV) charging solutions in regions with limited electrical grid capacity. The ChargePost system offers charging speeds of up to 320 kW and includes features like energy trading and advertising, enhancing its value. This partnership aims to support the growing e-mobility market in the Benelux countries, where EV registrations have been on the rise. ADS-TEC Energy is recognized for its innovative battery storage technology, which has been instrumental in overcoming grid capacity challenges. The company has been acknowledged in the "Circle of Excellence" and nominated for the German Future Prize, highlighting its contributions to the industry. Q8 plans to install more than 500 electric fast chargers in the region over the next five years, aligning with its transition towards sustainable mobility. These developments reflect a strategic effort to meet the evolving needs of the electric vehicle market.
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