Dutch GP Groot signs distributor contract with ADS-TEC Energy
HEILOO, The Netherlands and NÜRTINGEN, Germany, Dec. 15, 2021 /PRNewswire/ -- ADS-TEC Energy GmbH ("ADS-TEC Energy" or "the Company"), a global leader in battery-buffered ultrafast charging technology, and GP Groot, a Dutch wholesaler of fuels, gas and lubricants, operator of filling stations and provider of fuel card services sign a distributor contract for the Netherlands for the ultra-fast charging solutions of ADS-TEC Energy. The ultra-fast chargers are equipped with a booster battery that allows up to 320 kW ultra-fast charging even when connected to a power limited grid. The roll-out of ultra-fast charging is expected to address the growing problem of limited grid capacity. ADS-TEC Energy is currently in a business combination process with publicly listed European Sustainable Growth Acquisition Corp. (NASDAQ: EUSG), expected to close 4Q 2021, at which time the combined company is expected to trade on Nasdaq (NASDAQ: ADSE).
- GP Groot has been appointed by ADS-TEC Energy as the Dutch distributor of its ultra-fast charging systems.
- The first Dutch ADS-TEC Energy ultra-fast charging system will soon be put into service at one of the NXT Mobility filling stations.
- GP Groot brandstoffen en oliehandel is a wholesaler of fuels, gas and lubricants, operates filling stations and provides fuel card services.
- In addition to GP Groot inzameling, GP Groot recycling and GP Groot infra en engineering, GP Groot brandstoffen en oliehandel is one of the business units of GP Groot group.