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19/03/2024 18:30
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RNS Number : 4786H ADS-TEC Energy GmbH 19 March 2024
ADS-TEC Energy Unveils the Future of Ultra-Fast EV Charging for Residential
Complexes with Deployment at Marina Palms in Miami
EQS-Media / 19.03.2024 / 17:00 CET/CEST
· Battery-buffered, ultra-fast ADS-TEC ChargeBox overcomes challenges
faced by large multi-family residences to deliver EV charging to growing
populations of EV drivers.
· ChargeBox powers up EVs in minutes, yet typically requires no major
electrical upgrades or construction, and a single system can serve a sizable
population.
· Condominium association and homeowner association boards, property
managers and developers are all seeking the most cost-effective,
least-disruptive ways to integrate EV charging into existing and future
projects, and the Marina Palms deployment leads the way in Miami-and the
country-in showing how this can be done. With ChargeBox, ultra-fast charging
will soon be as ubiquitous as air conditioning and elevators at these
developments.
MIAMI, March 19, 2024 - ADS-TEC Energy plc
(https://www.ads-tec-energy.com/en/) (NASDAQ: ADSE), a global leader in
battery-buffered, ultra-fast charging technology, today unveiled the first
deployment of its ChargeBox
(https://www.ads-tec-energy.com/en/products/charging/system) at a
multi-family residential complex during a special ceremony at the Marina
Palms Yacht Club and Residences (https://marinapalms.com/) in North Miami
Beach. The solution allows EV drivers at the 470-unit residential property to
charge their EVs in just minutes yet required no extensive construction or
upgrades to high-powered electrical infrastructure.
Access to fast and readily available EV charging is one of the biggest hurdles
to the adoption of EVs. This challenge is compounded by the fact that almost
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.nahb.org%2Fother%2Fconsumer-resources%2Ftypes-of-home-construction%2Fmultifamily&esheet=53906792&newsitemid=20240307143979&lan=en-US&anchor=almost&index=4&md5=d914c5b37b396c6f426daef69753f1dd)
a third of U.S. housing is comprised
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.nahb.org%2Fother%2Fconsumer-resources%2Ftypes-of-home-construction%2Fmultifamily&esheet=53906792&newsitemid=20240307143979&lan=en-US&anchor=comprised&index=5&md5=35a7ab7dd3946d420940c88f302a3748)
of large, multi-family residences. According to the U.S. Department of
Energy, more than 80% of EV charging takes place at home, but in large
residential buildings, the charging landscape is much more complicated than in
single family homes and small multi-unit dwellings. Electrifying each or a
share of parking spaces with slower Level 2 chargers in a building with
several hundred apartments or condos is not a long-term solution as EVs ramp
up due to the space limitation and insufficient electrical wiring onsite. In
addition, Level 2 charging takes many hours. With ChargeBox from ADS-TEC
Energy, users can charge their EVs in minutes.
ADS-TEC Energy's Marina Palms deployment is significant as it showcases a
simple way to quickly deploy ultra-fast EV chargers and, in turn, speed up EV
adoption. Built-in batteries allow ChargeBox to draw power from existing
electrical grids, store it and then output the power at ultra-fast speeds of
up to 320kW per vehicle. This means that building management does not have to
invest in costly upgrades or time-consuming construction and enables
installation to be completed in weeks versus months, which is typical for
traditional fast chargers.
The benefits of ADS-TEC Energy's ChargeBox made it extremely appealing to the
Marina Palms Yacht Club and Residences Master Association and property
management company, First Service Residential. A single ChargeBox today
replaces several Level 2 chargers that were available to residents on a
first-come, first-served basis, requiring residents to patiently wait hours to
have their vehicle charged. The ChargeBox can easily service 100 EVs per week
using only two parking spaces, versus shared Level 2 chargers, which would
require 20 spaces for the same number of vehicles.
"At Marina Palms, the rapid increase in EVs made access to one of the six
Level 2 chargers exceedingly difficult and frustrating to our residents.
Charging took many hours. We realized we needed an alternative, but the
challenge was finding a more advanced, speedier charging technology that could
be installed in limited space, with minimal disruption and construction and
without requiring costly electrical upgrades," explained George Barriere,
general manager, FirstService Residential. "We found the ideal solution in the
ADS-TEC Energy ChargeBox. It has exceeded all expectations. We are very proud
to be the first to adopt it in Miami."
ADS-TEC Energy is taking the next important step, expanding into the U.S.
Already a major presence in the EV charging space in Europe, the ADS-TEC
Energy technology was first developed in conjunction with Porsche, which uses
ADS-TEC Energy chargers at dealerships worldwide. The Marina Palms project is
the blueprint for what is to come from the company in the year ahead. To meet
the demand for charging, ADS-TEC Energy will be deploying its ultra-fast
charging solutions at additional large residential complexes, city centers,
convenience stores and corporate campuses.
"Rewiring a multi-level parking structure for Level 2 charging is costly,
approximately $5,000-$15,000 per parking space, according to estimates our
customers have received. With ChargeBox, condominium associations, building
managers and investors can bypass Level 2 infrastructure that will be obsolete
in a couple of years and instead deliver the future…today: a premium,
ultra-fast charging solution that will power up their residents' cars and get
them back on the road in minutes," said Thomas Speidel, CEO, ADS-TEC Energy.
"Our deployment at the Marina Palms Yacht Club and Residences serves as a
model for other large condominium and apartment complexes in Miami and
elsewhere in the U.S. The lack of charging infrastructure is still a deterrent
in driver adoption of EVs. ADS-TEC Energy is solving this problem with our
solution. We look forward to rolling out additional installations across the
U.S. this year. The advantages we provide will be a huge step for the U.S. in
building a strong and reliable charging infrastructure."
In addition to the Marina Palms ChargeBox deployment, ADS-TEC Energy today
announced another important milestone; the appointment of Renato Gross as
senior vice president for the company's U.S. operations.
To learn more about how the ADS-TEC Energy ChargeBox can benefit multi-family
residential buildings, visit here
(https://www.ads-tec-energy.com/en/apartments) .
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, an operating company incorporated in Germany ("ADSE GM")
and ads-tec Energy Inc., a U.S. subsidiary of ads-tec Energy GmbH ("ADSE US"
and together with ADS-TEC Energy and ADSE GM, "ADSE"). Based on more than 10
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 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 point
operators.
More information: https://www.ads-tec-energy.com/en/
(https://www.ads-tec-energy.com/en/)
Media contacts:
For ADS-TEC Energy Europe:
Juliane Kunz
Head of PR, ADS-TEC Energy
press@ads-tec-energy.com (mailto:press@ads-tec-energy.com)
For ADS-TEC Energy United States:
Barb Hagin
Breakaway Communications
bhagin@breakawaycom.com (mailto:bhagin@breakawaycom.com)
+1 408-832-7626
Issuer: ADS-TEC Energy GmbH
Key word(s): Energy
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Language: English
Company: ADS-TEC Energy GmbH
Heinrich-Hertz-Str. 1
72622 Nürtingen
Germany
Internet: www.ads-tec.de
EQS News ID: 1862317
End of News EQS Media
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