SUBSCRIBE
PROFILE

ADS-TEC Energy merges with EUSG

ADS-TEC Energy joins forces with European Sustainable Growth Acquisition, enabling it to be listed on Nasdaq. |ADS-TEC Energy groups with European Sustainable Growth Acquisition, enabling it to be listed on Nasdaq.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99€/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

ADS-TEC Energy groups with European Sustainable Growth Acquisition, enabling it to be listed on Nasdaq.

ADS-TEC Energy floats on Nasdaq

ADS-TEC Energy and European Sustainable Growth Acquisition Corp (EUSG) announce that they have entered into a definitive business combination agreement.
Upon closing of the transaction, the combined entity will be named ADS-TEC Energy and will be listed on the Nasdaq Capital Market.
The pro forma market capitalization of the combined company is approximately $580 million.
EUSG has also secured commitments of $156 million fully subscribed through a private placement of shares (PIPE) at $10 per share.
Part of the proceeds of the PIPE will be used to finance the cash consideration required to complete the business combination.
A significant portion of the transaction proceeds will be used to accelerate the expansion of ADS-TEC’s storage solutions, charging platforms and energy management solutions in the United States and Europe.
It will also enable further development and enhancement of the company’s existing technology platforms.
To facilitate this expansion, ADS-TEC intends to increase its presence and operations in the United States.

Committed to transition

“Our vision is to provide platforms accompanied by long-term services that will accelerate the intelligent transition to an all-electric world […] by offering charging speeds and capacities that would not be possible on existing networks. We will also strive to make electric vehicle charging accessible to all […]”, says http://energynews.pro/wp-content/uploads/2022/07/RENTEL-POWERPLUG-KLOET-061dd11042019-7.jpeg Speidel, CEO and founder of ADS-TEC Energy.

With hundreds of battery-buffered Charge Box platforms already delivered and certifications in the US and European markets, ADS-TE is well positioned for rapid global expansion.
This is because the need for ultra-fast charging capabilities is growing with the transition to an all-electric economy.
ADS-TEC Energy’s management team, led by http://energynews.pro/wp-content/uploads/2022/07/RENTEL-POWERPLUG-KLOET-061dd11042019-7.jpeg Speidel, will continue to manage ADS-TEC after the transaction.

  • Popular on energynews.pro
World Bank invests $430mn to support Tunisia’s energy interconnection
E.ON warns of uncertainty surrounding German grid revenue reform
ReNew to invest $9.33bn in India in large-scale energy portfolio
Caprock Midstream expands Texas gas network and appoints Steve Jones as CEO
Malaysia accelerates carbon taxation to safeguard industrial competitiveness
Sunsure Energy signs 19.36 MW hybrid solar-wind agreement with Deepak Fertilisers
Sunsure Energy will supply Deepak Fertilisers with 19.36 MW of hybrid solar and wind power, delivering 55 mn units of electricity annually to its industrial facility in Raigad, Maharashtra.
IonQ partners with University of Chicago to build next-generation quantum platform
IonQ will deploy a quantum computer and entanglement distribution network at the University of Chicago, strengthening its technological presence within the Chicago Quantum Exchange and accelerating its product roadmap.
VoltaGrid raises $5.0bn to deploy 4.3 GW of capacity by 2028
Texas-based energy solutions provider VoltaGrid secures record mixed financing to expand its decentralised power generation portfolio, primarily targeting hyperscale data centres.
IMCC and Maridive launch One Marine to capture offshore services demand
Kuwait's IMCC and Egypt's Maridive have formalised a joint venture based in Abu Dhabi to expand integrated offshore marine operations regionally and internationally.
Chevron strengthens post-Hess strategy and reassures markets on growth
In New York, Chevron outlines its long-term vision following the Hess integration, focusing on financial stability, spending reduction, and record production to consolidate investor confidence.
Electricity shortage threatens AI ambitions of American tech giants
Facing surging computing needs, US tech leaders are hitting an energy wall that slows down data centre construction and revives demand for gas and coal.
NextNRG posts 196% revenue growth in October
NextNRG's monthly revenue reached $7.39mn in October, more than doubling year-over-year, driven by the expansion of its technology platforms and energy services across the United States.
Enbridge commits $3bn to new projects while maintaining 2025 guidance
The Canadian group posted record Q3 EBITDA, sanctioned $3bn worth of projects, and confirmed its full-year financial outlook despite a drop in net income.
OMS Energy turns to AI and robotics to capture global pipeline inspection market
OMS Energy is accelerating investments in artificial intelligence and robotics to position itself in the growing pipeline inspection and maintenance sector, a strategic segment with higher margins than traditional equipment manufacturing.
Duke Energy expected to post Q3 growth driven by demand and revised rates
Duke Energy is set to release its third-quarter results on November 7, with earnings forecasts pointing upward, supported by strong electricity demand, new rate structures and infrastructure investments.
Engie maintains its 2025 targets despite pressure on energy prices
Engie maintains its 2025 earnings guidance despite falling energy prices and weaker hydro output, relying on its performance plan and a stronger expected fourth quarter.
Creekstone Energy raises funds for 10 GW AI energy campus in Utah
The funding round led by Trident Ridge and Pelion Ventures will allow Creekstone Energy to launch construction of its hybrid-generation site designed for AI-optimised data centres.
Air Products posts $394mn net loss in 2025 and streamlines energy project portfolio
The US group reported a $877mn operating loss for fiscal year 2025, impacted by $3.7bn in charges related to project exits and restructuring.
SLB launches Tela, an agentic artificial intelligence for upstream oil operations
SLB has unveiled Tela, an agentic artificial intelligence technology designed to automate upstream processes and enhance operational efficiency at scale.
Gibson Energy sets throughput record across terminals in Q3 2025
Gibson Energy reported record volumes in Canada and the United States, supported by the commissioning of key infrastructure and a cost reduction strategy.
TGS signs three-year strategic agreement with Chevron for offshore seismic acquisition
Norwegian provider TGS will mobilise its marine seismic resources for at least 18 months for Chevron under a three-year capacity agreement covering exploration and development projects.
Eversource posts $367.5mn profit in Q3 driven by electric distribution
Eversource Energy rebounded in the third quarter with a net profit of $367.5mn, driven by revenue increases in electric distribution and a sharp reduction in offshore wind-related losses.
Ameresco strengthens long-term visibility with $5.1bn order backlog
Ameresco posted a 5% increase in quarterly revenue, supported by stronger project execution and sustained demand for energy infrastructure solutions.
Primoris raises full-year forecast after 32% surge in revenue
US-based Primoris posted record quarterly revenue of $2.18bn, driven by strong momentum in its Energy and Utilities segments, and raised its earnings guidance for the full year 2025.
Constellation plans 5,800 MW of new capacity to secure Maryland’s power supply
Energy group Constellation proposes a massive investment in electricity generation and storage, with a planned capacity of 5,800 megawatts to meet rising energy demand in Maryland.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

START - 99€/year

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.