Recent Updates — ADSEW

The permitting authority has confirmed that all application documents for a planned 1 GW / 4 GWh battery energy storage power plant at the Pulverdingen substation in Germany are complete, with the building permit expected shortly. The facility is intended to become one of Europe's largest battery storage systems, targeting grid connection in 2029 and delivering grid stability for Baden-Württemberg. ADS-TEC Energy plans to sell a majority stake in the project company while retaining a continuing interest and providing proprietary technology and long-term technical services. The company operates as a specialist in battery-based energy storage and fast-charging solutions.

ADS-TEC Energy reported unaudited first-half 2026 results showing total revenue of €7.4 million, down from €14.6 million in H1 2025, while operating loss improved to €26.3 million from €30.0 million. Net loss widened to €42.0 million due to non-cash warrant liability remeasurements, though net cash used in operations decreased by €11.5 million year-over-year to €18.7 million. The company advanced its 1 GW / 4 GWh SKM storage project in southern Germany, securing grid connection commitments and supplier agreements while pursuing financing. C&I battery storage order backlog reached €20.3 million as of June 30, with Q3 intake of €5.9 million and €77.3 million in active RFQs. The company operates in the energy storage and electric vehicle fast-charging infrastructure industry.