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innogy expands into the US with charger buy

Business news |
By Nick Flaherty


The transaction by innogy e-mobility US, a wholly owned subsidiary a leading technology provider for the electric vehicle (EV) charging market that ws set up a year ago this month, gives innogy a full DC charging portfolio for the North American market and access to increased production capabilities and expertise.

BTCPower will continue to operate as an independent company, with the current, experienced management team staying in place, overseeing operations and manufacturing both at the company headquarters in Santa Ana, CA and the newly expanded manufacturing facility in Cebu, Philippines.

“By investing in BTCPower, we are expanding our engagement in the US market,” said Martin Herrmann, Chief Operating Officer Retail at innogy. “The US eMobility market is currently booming, and is one of the most attractive markets for eMobility worldwide. Pioneering states like California and others are creating jobs and fostering investment by supporting strategic, long-term policies promoting emission-free vehicles. With the addition of BTCPower, innogy is well prepared for this growth both in the US and globally.”

innogy has already successfully collaborated with BTCPower on multiple projects and had excellent experiences with the team and the products. The BTCPower charging stations are integrated into innogy’s backend system and the BTC team have shown themselves to be extremely knowledgeable in all aspects of US EV charging infrastructure says innogy.

“We are extremely happy to have BTCPower join the innogy family. Frank Meza, BTCPower president and CEO, and his team have done a tremendous job creating one of the leading EV hardware companies in the US,” said Elke Temme, Senior Vice President eMobility at innogy SE. 

“It is an exciting time for us to become a part of the innogy team given the current developments within our industry,” said Frank Meza at BTCPower. “As more electrified transportation options become available, we will now be even better situated to charge them all.”

www.innogy.com

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