Charging ahead: Moves by Schneider, ABB and Coulomb may help drive EV adoption
If fast charging and build out of a charging network are important to mass adoption of electric vehicles - then several announcements this week suggest progress. Here's a look (and you can read the full announcements from all three companies on page 2):
Schneider Electric - The company announced U.S. availability of its new EVlink DC Quick Charger for EVs. Schneider says users can charge 80% of their EV battery in less than 30 minutes using the charger. "We know more DC quick chargers will improve 'effective range' of electric vehicles helping to solve range limitations and encourage wider spread adoption," said Mike Calise, Director of Schneider's EV Power Business. "With easy access to fast and reliable chargers, people will be more comfortable buying and driving EVs."
ABB - Zurich-based ABB also believes its Terra 51 intelligent DC fast charger will help drive mass adoption of electric mobility in North America and toward that end will manufacture them in New Berlin, Wisconsin with availability expected the second half of this year. ABB says its fast charger "has proven to be a rock solid solution in Europe."
Scroll down for press releases from Schneider Electric, ABB and Coulomb Technologies ...
Schneider Electric Cuts Charging Time With New EVlink(TM) DC Quick Charger for Electric Vehicles
Global Energy Management Leader Announces Expanded EV Charging Station Product Line at EVS26 Symposium; New EVlink DC Quick Charger Allows Users to Charge 80 Percent of the Battery in Less Than 30 Minutes
PALATINE, IL, May 07, 2012 (MARKETWIRE via COMTEX) -- Schneider Electric, a global specialist in energy management, today announced U.S. availability of its new EVlink(TM) DC Quick Charger for electric vehicles (EVs). As part of Schneider Electric's comprehensive line of EV charging stations, the new EVlink DC Quick Charger further expands Schneider Electric's reach to EV drivers and stakeholders in settings such as public parking, shopping malls, gas stations and rest stops, fleet applications, car sharing programs and rental companies.
"By adding DC quick chargers to our portfolio, we're now offering customers one of the widest product ranges in the industry backed by Schneider Electric's leadership position in comprehensive energy management solutions," said Mike Calise, Director, Electric Vehicles, Power Business, Schneider Electric. "We are committed to offering EV charging solutions to help our customers manage their energy more efficiently while keeping safety and usability top of mind."
As states such as California promote the use of EVs, with Governor Brown recently signing an executive order laying the foundation for 1.5 million zero-emission vehicles on California's roadways by 2025, there is more need for DC quick chargers. "We know more DC quick chargers will improve 'effective range' of electric vehicles helping to solve range limitations and encourage wider spread adoption," said Calise. "With easy access to fast and reliable chargers, people will be more comfortable buying and driving EVs."
Schneider Electric uniquely offers a comprehensive range of energy management solutions to meet EV charging station owners' needs -- from EV charging station infrastructure, upstream distribution equipment, energy data collection to building management systems and smart grid applications.
Schneider Electric's EVlink DC Quick Charger provides a simple, efficient and safe way to quickly charge electric vehicles. Features include:
-- Quick charge: Takes less than 30 minutes to charge a typical battery
to 80 percent, allowing users to get back on the road in a matter of
-- Simple and reliable: Easy-to-use charger is built with proven and
trusted industry leading Schneider Electric components such as the
enclosure and drives.
-- Authentication: Offers options for Radio Frequency Identification
(RFID) authentication or credit card payment system.
-- Installation and maintenance services: Schneider Electric offers
advanced services to support pre-install and installed-base services
allowing for optimum installation, management, and maintenance of the
-- Standards compliance: Meets UL ratings to ensure proper safety for the
user and the vehicle. The EVlink DC Quick Charger is currently
CHAdeMO-compliant and will incorporate the SAE J1772(TM)
combo-coupler when the standard is finalized and released.
Schneider Electric's EVlink DC Quick Charger is currently available for purchase through Schneider Electric's authorized channel partners. For more information on Schneider Electric's products and solutions, please visit: www.schneider-electric.com/us .
Schneider Electric is exhibiting at the Electric Vehicle Symposium, EVS26, taking place May 6-9, 2012 in Los Angeles, CA. Come see Schneider Electric's electric vehicle charging solutions at booth 953.
-- For more info on the EVlink DC Quick Charger:
http://products.schneider-electric.us/products-services/products/electric-vehicle-charging-stations/fast-charging-electric-vehicle-charging-station/ -- For more information about EVlink charging solutions:
http://www.schneider-electric.us/sites/us/en/solutions/energy-efficiency/electric-vehicles/electric-vehicles.page -- Learn about and locate a Schneider Electric EcoXpert EV certified
www.schneider-electric.us/go/ecoxpert -- Watch a video of the EVlink charging solutions:
About Schneider Electric As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in Utilities & Infrastructures, Industries & Machine Manufacturers, Non-residential Buildings, Data Centers & Networks and Residential. Focused on making energy safe, reliable, efficient, productive and green, the company's 130,000 plus employees achieved sales of about 31 billion US dollars (22.4 billion euros) in 2011, through an active commitment to help individuals and organizations make the most of their energy.
ABB Launches Best-Selling Electric Vehicle Fast Charger in US Market
- Made in America: manufactured in New Berlin, Wisconsin the Terra 51 is an intelligent EV fast charger that will further drive mass adoption of electric vehicles in North America
- Having already delivered hundreds of DC fast chargers throughout Europe, ABB was recently awarded Europe’s largest tender for supplying the world’s first nationwide DC charging network in Estonia
ZURICH--(BUSINESS WIRE)--ABB, the leading power and automation technology group, today entered the US market for electric vehicle charging solutions with the launch of its best-selling Terra 51 direct current (DC) charger, marking the start of a massive infrastructure rollout that will further drive the mass adoption of electric mobility. The Terra 51 will be manufactured in New Berlin, Wisconsin and is available for delivery in the second half of this year.
The Terra 51 is an intelligent DC fast charger that reduces electric vehicle charging times from eight hours, using regular alternating current (AC), to as little as 15 to 30 minutes. The Terra 51 was initially launched in Europe in 2010 as the region’s first commercially available DC charging station and is well established as the leading fast charger in terms of installed base, reliability and functionality. ABB will showcase the Terra 51 and its robust and smart connectivity solutions for operators at the 26th International Electric Vehicle Symposium (EVS26) May 6-9 in Los Angeles.
The growing number of electric vehicles is driving a global market demand for charging solutions that include sophisticated monitoring systems and software to support the electric grid. ABB recently started rolling out the world’s first DC charging infrastructure with full nationwide network coverage of 200 chargers in Estonia.
"Our Terra 51 fast charger has proven to be a rock solid solution in Europe and we are now certifying this web-connected charger for the US market to serve the fast growing base of CHAdeMO cars such as the Nissan Leaf and Mitsubishi i. The ability to quickly recharge enables drivers to use their electric vehicle throughout the day without experiencing the typical range anxiety; fast charging will initiate further adoption of electric mobility,” said Hans Streng, Senior Vice President and General Manager of ABB’s Product Group EV Charging Infrastructure.
The Terra 51 comes standard with a full range of cloud-based services that provide connectivity, security, applications and support and enable operators to get the most out of their charging infrastructure. All Terra chargers are connected to a robust IT network providing software upgrades, remote maintenance, servicing and monitoring. Connectivity also puts more analysis and control functions in the hands of grid operators to help them ensure better power quality in the grid. The Terra 51 is CHAdeMO certified and will also be compliant with all the relevant US safety directives before start of deliveries.
The Terra 51 services all DC fast-charge capable cars that are currently on the market. At EVS26, ABB will also showcase the first prototype of a Terra 51 that supports the Combo charging standard, adopted by US and European carmakers.
"To be successful, we believe the US electric vehicle charging infrastructure needs to be open to any kind of electric car. Our connectivity solutions are designed to support all existing and future connection standards in the same network. The first Combo cars will be available at the end of 2013 and we’re ready to support that,” Streng said.
ABB is committed to driving the rollout of charging infrastructure by delivering the optimal charging solution for every possible location in the network - both in terms of functionality and affordability. Future product introductions in the US will include the Terra Smart Connect (SC), which is a more cost-effective "park and charge” solution for locations where people can easily spend one or two hours and do not necessarily require a 15-30 minute fast charge.
The Terra 51 and Terra SC are showcased at ABB’s booth #1137 at EVS26 in the LA Convention Center. For pictures and more information about the Terra 51, please visit http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.abb.com%2Fabblibrary%2FDownloadCenter%2F%3Fshowresultstab%3Dtrue%26categoryid%3D9AAC172658&esheet=50265710&lan=en-US&anchor=http%3A%2F%2Fwww.abb.com%2Fabblibrary%2FDownloadCenter%2F%3Fshowresultstab%3Dtrue%26categoryid%3D9AAC172658&index=1&md5=750c99fb027d23021599e0e3261cfe11
ABB (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.abb.com&esheet=50265710&lan=en-US&anchor=www.abb.com&index=2&md5=d27150b7f442504dbcabba2afb91e875) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 135,000 people.
May 7, 2012, 10:15 a.m. EDT
Coulomb Technologies Announces Completion of Series D Financing Raising $47.5 Million
Financing Led by Braemar Energy Ventures and Kleiner Perkins Caufield & Byers. Joined by Toyota Tsusho Corporation and Rho Ventures
CAMPBELL, Calif., May 07, 2012 (BUSINESS WIRE) -- Coulomb Technologies, Inc, the leading electric vehicle (EV) charging solutions provider, today announced that it has secured $47.5 million of financing. Braemar Energy Ventures and Kleiner Perkins Caufield & Byers led the financing and were joined by Toyota Tsusho Corporation and existing investor Rho Ventures. Existing investors including Voyager Capital, Siemens Venture Capital GmbH, Harbor Pacific Capital Partners and Hartford Ventures also participated. The financing will enable Coulomb to expand its operations and further grow the ChargePoint(R) Network, the largest network of independently owned charging stations in the world, and expand the deployment of its next generation cloud-based charging solutions for electric vehicles. Additionally, Coulomb will expand its position in both existing and new markets. Scott DePasquale from Braemar and Michael Linse from Kleiner Perkins have joined Coulomb's Board of Directors.
"Our new investors bring a wealth of industry acumen and expertise in driving commercial scale around innovative technologies," said Pat Romano, president and chief executive officer of Coulomb Technologies. "With this financing, we are well positioned to accelerate the deployment of our EV charging solutions and further solidify our position as the market leader. These funds enable us to provide cloud-based solutions to cities, retailers, employers, parking operators and property managers that will drive the adoption of clean transportation."
Coulomb has seen significant market adoption of its networked hardware and cloud-based service plans. EV drivers utilize the ChargePoint Network thousands of times a day to service their EV charging needs. Coulomb works closely with automobile manufacturers including Nissan, BMW, Ford, GM, and Fisker Automotive enabling their customers to easily find, reserve and pay for EV charging services. The ChargePoint Network provides the most feature-rich solution for station owners and EV drivers alike, with innovations in software services from mobile applications to vehicle telematics. Coulomb's charging solutions provide station owners the tools they need to help better manage their charging services, including the ability to track station utilization and energy costs, set pricing, process payments and provide driver support.
"Coulomb delivers EV charging solutions that go beyond simply providing charging stations," said Scott DePasquale, partner at Braemar Energy Ventures. "Coulomb was the first company to develop and patent networked EV charging solutions. Their approach holistically addresses the business needs in each distinct segment of the market. We look forward to supporting the company's worldwide growth in the coming years."
"Kleiner Perkins invests in pioneering industry leaders, companies that define their technology category, as Coulomb has with its ChargePoint solution," said Michael Linse, partner at Kleiner Perkins Green Growth Fund. "We invested in Coulomb because of its critical role in enabling clean vehicle technology, its innovative products and software, and the scale of the ChargePoint Network. 2012 has seen the release of mass-market plug-in vehicles from the major global manufacturers and Coulomb is there to support the industry with reliable high-quality charging solutions. ChargePoint continues to enhance the driver's experience by providing necessary infrastructure, driver services and innovative features that make the transition from petroleum to clean energy seamless."
About Coulomb Technologies, Inc.
Coulomb Technologies is the leading electric vehicle charging solutions company. Coulomb's ChargePoint Network is the largest online global charging network connecting electric vehicle drivers to charging stations in 14 countries. Coulomb also provides ChargePoint Network service plans and cloud-based solutions that handle all driver billing and support. Coulomb's products provide organizations the control and flexibility they need to optimize performance of their electric vehicle charging operations. The ChargePoint Network is currently dispensing over 462 Megawatt hours of energy each month, with drivers plugging in for more than 2600 charging sessions per day.
About Braemar Energy Ventures
Braemar Energy Ventures is a venture capital fund making early- to mid-stage investments in the energy technology sector. The firm's principals have invested in more than 60 companies in the sector and have more than 100 years of combined technical, operational and financial experience in energy and energy-related industries. Braemar partners with exceptional companies and management teams in both alternative and traditional energy markets that can contribute to a more profitable and efficient energy landscape through innovation and marketplace expertise. Additional information is available at www.braemarenergy.com .
About Kleiner Perkins Caufield & Byers
Since its founding in 1972, Kleiner Perkins Caufield & Byers has backed entrepreneurs in more than 500 ventures including AOL, Amazon.com, Citrix, Compaq, Electronic Arts, Genentech, Genomic Health, Google, Intuit, Juniper Networks, Netscape, Sun, Symantec, Verisign, WebMD and Zynga. KPCB portfolio companies employ more than 350,000 people worldwide. More than 150 of the firm's portfolio companies have gone public, and many other KPCB ventures have achieved success through mergers and acquisitions. KPCB focuses its global investments in three practice areas -- digital, greentech and life sciences -- and provides entrepreneurs with company-building expertise out of its offices in Silicon Valley, Beijing and Shanghai. For more information visit KPCB at www.kpcb.com .
Toyota Tsusho Corporation
Toyota Tsusho Corporation, a member of Toyota group is a general trading company that develops business together with over 400 consolidated Group companies in Japan and overseas and with customers around the world, via a global network covering Japan and more than 60 other countries worldwide. Toyota Tsusho's Green Mobility Solution Group focusing on electric mobility related business will work closely with Coulomb to focus efforts on next generation electric vehicle charging related business opportunities in Asia. For more information visit Toyota Tsusho at www.toyota-tsusho.com/english/ .
About Rho Ventures
Rho Ventures has a multi-stage investing strategy focused on high-growth companies in large markets. Rho Ventures' investments span new media, healthcare, IT, communications, energy technology and other disruptive technologies. Rho Ventures brings nearly 30 years of venture experience having invested in more than 200 companies, combined with its partners' deep sector expertise and its far-reaching network to assist each portfolio company. This approach has allowed Rho to participate in the growth of some of today's most innovative and successful companies. Rho Ventures is currently investing from Rho Ventures VI, a $510 million fund. The firm has offices in Palo Alto, New York and Montreal, with investments across the globe. www.rho.com .