ABB entered the EV-charging market in 2010, and to date has sold more than 17,000 ABB DC fast chargers across 80 countries.
The strategic partnership aims to leverage respective company technologies with regards AFC Energy’s zero emission, high efficiency fuel cell technology alongside ABB’s energy storage and market leading DC high power EV charge points.
Both companies have invested into a Commercialisation and Marketing Agreement, and Joint Product Development Agreement to showcase the supply of secure, reliable and flexible on-site power generation in ultra-rapid EV charging. Global EV charging market is expected to exceed US$140bn by 2030 with power network upgrades necessary to facilitate this level of deployment forecast to exceed £50bn in the UK alone.
The Commercialisation and Marketing Agreement will focus efforts on the joint marketing and deployment of integrated high power EV charging systems across key ABB markets including:
- Private vehicle hubs;
- Charge point operators;
- Logistics hubs and distribution centres;
- Public and private urban transportation (including bus depots);
- Marine (including port and marina charging); and
- Vertical Take off and Landing Craft (VTOLs).
Under the agreements, AFC Energy is afforded a Right of First Refusal across multiple years, to supply H-PowerTM fuel cell systems into ABB’s high power EV charging network of international customers where customer or site power demands are absent or require further resilience.
Both companies will jointly market the integrated product across the key addressable markets and will collaboratively develop a communications strategy for system branding and deployment.
The Joint Product Development Agreement (“JPDA”) defines the activities to be undertaken jointly by ABB and AFC Energy in designing principles of system operability, proof of concept testing and productization ready for customer sales. The final stage of work under the JPDA is expected to be completed in the second half of 2021.