
ADS-TEC Energy plc (NASDAQ: ADSE), a leading global provider of battery-buffered ultra-fast charging technology, will unveil its cutting-edge EV charging platform, ChargeBox, at the NACS Show 2024, taking place at the Las Vegas Convention Center. The company will highlight how convenience stores (c-stores) can enhance customer traffic and increase revenue through this innovative amenity.
The ChargeBox features up to 320 kW of charging power and is compatible with both CCS1 and NACS plugs, offering operators unmatched flexibility. Additionally, it can save up to 65% on peak power demand charges compared to traditional DC chargers. Its compact design eliminates the need for costly utility upgrades, making it an ideal solution for convenience stores, gas stations, fleet operators, and other retailers looking to incorporate ultra-fast EV charging with significant benefits for their businesses and customers.
According to a study by Consumer Reports in March 2024, titled Charging the Future, installing EV chargers offers substantial economic advantages for businesses, including c-stores and gas stations. Notably, 89% of EV drivers reported making a retail purchase while charging.
Inland Stores, an ADS-TEC Energy customer, has seen both revenue growth and increased customer traffic after installing two ChargeBox systems at a Tallahassee, FL location.
“We love our ADS-TEC Energy ChargeBox systems,” stated Glennie Bench, president and COO of Southwest Georgia Oil Company Inc. “Not only has the revenue generated from our chargers exceeded our expectations, but ChargeBox customers also tend to spend more and stay longer. They appreciate the Level 3 speed and actively choose our store for EV charging over competitors.”
“Our aim is to empower c-store owners to enhance their services and attract EV drivers,” said Renato Gross, senior executive vice president of ADS-TEC Energy. “By adding ultra-fast EV chargers, these stores can become essential stops for EV drivers, encouraging them to spend time inside and make retail purchases. It’s a win-win for store owners and EV drivers alike.”
About ADS-TEC Energy
ADS-TEC Energy plc, incorporated in Ireland and listed on NASDAQ, serves as the parent company for ADS-TEC Energy GmbH, based in Germany, and ADS-TEC Energy Inc., its U.S. subsidiary. With over a decade of experience in lithium-ion technologies, ADS-TEC Energy specializes in developing and manufacturing battery storage solutions and fast charging systems, along with energy management systems. Its innovative battery-based fast charging technology allows electric vehicles to charge ultra-fast, even on low-powered grids, all within a compact design. The company has been recognized with a nomination for the German Future Prize and was elevated to the “Circle of Excellence” in 2022. With its advanced platforms, ADS-TEC Energy serves as a key partner for automotive OEMs, utility companies, and charge point operators.