ZapGo and AS Green Cube Innovation Have Formed a New Joint Venture Enabling Ultra-Fast Charging Units for Electric Vehicles in Norway

ZapGo’s Carbon-Ion™ (C-Ion®) Grid Storage
Solution Will Be Integrated Into Charging Stations in the Greater Oslo
Area

Aim to Benefit Norway’s Robust EV Market Enabling Charging in 350kW
to 1.2MW Range
With a Goal of 500km Driving Range From a
Five-Minute Charge

OXFORD, England & CHARLOTTE, N.C. & OSLO, Norway–(BUSINESS WIRE)–A joint venture between ZapGo Ltd and AS Green Cube Innovation of Norway
will commercialize the world’s first operational storage units to enable
ultra-fast chargers for battery electric vehicles (EVs), utilizing
ZapGo’s Carbon-Ion™ (C-Ion®) technology.

The joint venture (JV) aims to significantly reduce the time needed to
fully charge a car, truck, bus or ferry by enabling 350kW (kilowatt) to
1.2MW (megawatt) charging without the need for costly public
infrastructure investments. Rollout of the two initial charging units at
AS Green Cube Innovation’s existing charging stations in the greater
Oslo, Norway area will begin mid-2020.

“Norway is the ideal initial market for ZapGo’s ultra-fast charging
technology, due to the high concentration of electric vehicles in use,”
said Stephen Voller, CEO of ZapGo. “According to the Norwegian Road
Federation, about 60 percent of new car sales in March 2019 were EVs.
Drivers who live in apartments or travel long distances will require
much faster charging at service stations, because they will not want to
wait for hours queuing at public chargers and won’t be able to plug in
at home.”

“ZapGo’s C-Ion technology significantly reduces the time required to
charge batteries for cars, trucks, buses and ferries, while also
reducing the need for costly public infrastructure investments,” said
Jon Erik Brøndmo, Chairman of AS Green Cube Innovation. “The use of
ZapGo’s C-Ion technology at our fueling stations will cater to Norway’s
EV owners by greatly shortening their charging time. It is a true
win/win for Norwegian consumers, transportation companies, the public
sector and the environment.”

The design goal of a 350kW charger is to transfer around 100kWh
(kilowatt-hours) of energy in 15 minutes to a vehicle. 100kWh is
required to drive an electric sports utility vehicle (SUV) 300 miles (or
about 500km) at freeway or Autobahn speeds, with more than one passenger
and with normal air conditioning or heating. To transfer 100kWh in five
minutes would require a 1,200kW or 1.2MW charger.

ZapGo is a member of the EV international standards body CharIn, which
is also developing standards for 1.2MW electric trucks with the design
goal of transferring 1MWh of energy to an electric truck in one hour.
1MWh of energy is required to power a fully loaded 18-wheeler heavy
truck for 300 miles (or about 500km) at freeway or Autobahn speeds.

The new chargers have intelligence that recognize the type of vehicle
and adjust the maximum safe charge rate. As vehicles become available
that can be charged at these very high rates, the chargers will
automatically switch to the higher rate. For existing vehicles like the
Nissan Leaf that can be charged at 50kW or the Tesla Model S at 120kW,
the chargers step down accordingly.

The ZapGo and AS Green Cube Innovation JV will store the electric energy
at night and off-peak to provide EV drivers with cost-effective
electricity. Vehicles will then be charged from the stored energy, not
directly from the grid. This will also enable AS Green Cube Innovation
to provide capacity to charge multiple vehicles at the same time,
without upgrading the electrical connections to their sites.

About ZapGo Ltd

ZapGo Ltd is a technology company based at the Harwell Research Campus,
Oxford with a Charlotte, NC US Office. Using novel nano-carbon materials
and ionic electrolytes they produce an ultra-fast, safe, recyclable
charging power module that charges in minutes. ZapGo was selected as the
winner of the IDTechEx award for “Electric Vehicles: Most Significant
Innovation” at the 2019 IDTechEx Show! in Berlin, Germany in recognition
of its grid storage solution for EVs involving C-Ion technology. For
more information, please visit www.zapgo.com.

About AS Green Cube Innovation

AS Green Cube Innovation operates the Automat-1 and Eco-1 fueling
station chains in the Norwegian market, pioneers in the use of green
fuel. AS Green Cube Innovation is an innovative and modern energy
company that has taken the role of the price squeezer in the fuel
market. Automat-1 features automatic stations, that are clean, fast and
affordable. For more information, please visit https://www.automat1.no/om-oss/.

Norwegian Road Federation Market Data (Source: https://www.autoblog.com/2019/04/01/electric-vehicles-are-now-the-majority-of-cars-sold-in-norway/)

  • Almost 60 percent of all new cars sold in Norway in March 2019 were
    fully electric, a global record as the country seeks to end
    fossil-fueled vehicle sales by 2025.
  • Norway has exempted battery engines from the taxes imposed on diesel
    and petrol cars,
  • In 2018, Norway’s fully electric car sales rose to a record 31.2
    percent market share from 20.8 percent in 2017, far ahead of any other
    nation.
  • The surge of electric cars to a 58.4 percent market share in March
    2019 came as Tesla ramped up delivery of its Model 3 while Audi began
    deliveries of its E-Tron SUV.
  • Half of all cars sold in 2019 in Norway will probably be fully
    electric, according to the Norwegian Electric Vehicle Association.
  • Norway is the global leader in electric car sales per capita
  • Norway’s share of EVs (including plug-in hybrids) stood at 39 percent
    in 2017, ahead of second-place Iceland at 12 percent and Sweden at 6
    percent.
  • In China, the market share was 2.2 percent in 2017, and in the United
    States just 1.2 percent.

Contacts

AS Green Cube Innovation:
Jon Erik Brøndmo
jonerik@brostad.com

UK:
Stephen Voller
stephen.voller@zapgo.com

US:
Charles Resnick
charles.resnick@zapgo.com

Media:
DGI Comm
(212) 825-3210

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