ADS-TEC Energy GmbH Enters into Joint Venture with Polar Structure AB

Nürtingen, Germany, and Stockholm, Sweden – October 25, 2021 – ADS-TEC Energy GmbH (“ADS-TEC Energy” or “the Company”), a global leader in battery-buffered ultrafast charging technology, and Polar Structure AB (“Polar”), a platform for managing infrastructure related assets, today announced that they have entered into a Joint Venture Agreement under which Polar will be the preferred strategic distributor of ADS-TEC Energy technology platforms in the Nordic region.

The Joint Venture is focused around ‘infrastructure as a service,’ a new type of business model founded around the buildout of various services for sustainable community development and commercial retail including electric vehicle charging infrastructure and battery storage systems.  Polar, as part of the agreement, will place its first order of an ADS-TEC Energy charging system as well as a commercial battery system for e.g., peak shaving and ancillary services.

“Our mission has always been to bridge the private and public spheres and help drive the transformation to a more sustainable society, and partnering with ADS-TEC Energy to bring their differentiated charging platforms to the Nordic market helps us achieve that goal” said Tobias Emanuelsson, CEO and Founder of Polar. “We are excited to work with the ADS-TEC Energy team to help deliver ultra-fast charging solutions and battery storage systems on service agreements to enable a more resilient and future-proofed energy infrastructure.

“Polar is on the forefront of ensuring our infrastructure is positioned for the ongoing transition to an all-electric economy,” said Thomas Speidel, CEO and Founder of ADS-TEC Energy.  “The Nordics are leaders in building sustainable communities for the future, and as such, Polar represents an ideal partner that shares our vision and will help bring our industry-leading battery-buffered technology to the Nordic region, starting in Sweden. We are thrilled to create this Joint Venture and look forward to delivering our charging and battery technology platforms to new markets and customers.”

All news

Related posts

Polar Structure AB and Train Alliance Sweden AB (Publ) form a joint land company

Polar Structure AB and Train Alliance Sweden AB (Publ) form a joint land company, Polar Land AB, and initiates a strategic cooperation within the fram...

Read more

Polar Structure invests in Save-by-Solar

Polar Structure has today invested in the solar cell company Save-by-Solar and in connection with this started a jointly owned company with the aim of...

Read more

Polar Structure, Enequi and Train Alliance strengthens the Swedish electricity grid from Hallsberg

Polar Structures train service hall in Hallsberg, Sweden with Train Alliance as tenant, will be the collaboration project’s first commercial property...

Read more

Career

Team up?

To support our growth, we are constantly looking for the best talents that share our values and ambitions. Follow the link below to see all our current job openings.

Join us