ADS-TEC Energy GmbH signs-onto COP26 joint declaration on the transition to zero-emission vehicles
ADS-TEC Energy GmbH, a global leader in battery-buffered ultrafast charging technology, announced its support for the COP26 Presidency declaration that targets a net zero-emission future by 2030/2035. The Company, in partnership with Porsche AG, also announced it will be hosting a demonstration of its 2.1 MW ChargeTrailer with all-electric Porsche Taycan models charging at COP26 Transport Day on November 10 at Glasgow Airport.
ADS-TEC Energy’s battery-buffered technology platforms enable ultra-fast charging on existing low to medium capacity power grids, allowing for widespread integration of ultra-fast charging in areas where otherwise it would not be possible. The Company’s High Power ChargeTrailer is, to the Company’s knowledge, one of the most powerful mobile high power charging systems, with capacity to simultaneously charge 10 electric vehicles at 320 KW each. Its functionality is designed to provide ultra-fast charging speeds for larger vehicle fleets in areas with limited power supply. The demonstration of the Mobile High Power ChargeTrailer and all-electric Porsche Taycans, which is open to the public and will be co-hosted by Porsche, will be held in full view of the M8 at the front entrance to the Glasgow Airport.
“On behalf of ADS-TEC Energy I am happy to support the COP26 Presidency’s declaration on accelerating the transition to 100% zero-emission cars,” said Thomas Speidel, Founder and CEO of ADS-TEC Energy. “Rapid global adoption of zero-emission vehicles is vital to meet the goals of the Paris Agreement on climate change, and this transformation will not be possible without convenient, ultrafast charging. We are excited to be partnering with Porsche and to have the opportunity to demonstrate our ultra-fast charging capabilities at COP26 Transport Day. Our vision is to help accelerate the intelligent transition to an all-electric world, and our battery-buffered technology allows for a more rapid and effective transition to Zero Emission Vehicles.”
ADS-TEC Energy recently issued a White Paper on the adoption of electric vehicles and charging technology, which was released in conjunction with the Company’s participation in the Electric Vehicle Display hosted on October 20 by the Electrification Coalition, CHISPA and Plug In America at the U.S. DOT Headquarters. The full text of the White Paper can be found here – https://www.ads-tec-energy.com/fileadmin/download/doc/company/Energy_Whitepaper_EN_10-2021.pdf.
On August 11, 2021, ADS-TEC Energy and European Sustainable Growth Acquisition Corp., a publicly-traded special purpose acquisition company focused on identifying Europe-based, high growth, technology-enabled businesses that utilize green technologies, entered into a definitive agreement relating to a business combination that would result in ADS-TEC Energy becoming a public company upon the closing of the transaction. ADS-TEC Energy also announced its intention to list on the Nasdaq Capital Market (“Nasdaq”) upon the closing of the business combination. The combined company will be called ADS-TEC Energy plc and its ordinary shares and warrants are expected to list on Nasdaq under the new ticker symbols “ADSE” and “ADSEW”, respectively. In connection with the business combination, EUSG secured commitments of a fully subscribed $156 million Private Investment in Public Equity (“PIPE”) at $10 per share, which is anticipated to close one business day prior to the business combination.
