The energy technology investment company Svelland Capital has signed a binding agreement to make a private investment in ADS-Tec, a manufacturer of storage units and battery-backed charging technology.
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By strengthening its financial position, ADS-Tec will have more flexibility to implement strategic initiatives and secure profitable development opportunities. "The fourth quarter of 2023 was the strongest in the company's history, both in terms of turnover and margins. We are confident that this development will continue in 2024," said Thomas Speidel, Managing Director of ADS-Tec.
Storage units are becoming system-critical
Svelland Capital's in-depth knowledge of the energy industry will also contribute to this "We have every confidence that ADS-Tec Energy will maintain and expand its position as a technology leader in critical charging infrastructure," said Tor Svelland, Managing Director of Svelland Capital.
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"Demand for electricity is growing rapidly and grid capacity is a bottleneck. The need for storage capacity becomes critical as we move from demand-driven centralised power generation to renewables and decentralised power generation," Tor Svelland emphasised. (su/mfo)
