Strategic partnership between ABB and AFC Energy to create the next generation of high power sustainable electric vehicle (EV) charging solutions.
Utilizing ABB’s energy storage solution and market leading DC electric vehicle fast chargers along with AFC Energy’s zero emission, high efficiency hydrogen fuel cell, the strategic collaboration will deliver a fully autonomous, high power EV charging system, to provide an end-to-end solution for high power charging sites with limited grid connection.
With predictions suggesting that by 2040 there will be just under 500 million EVs on the road and 58 percent of all new passenger vehicle sales and 47 percent of the global fleet will be electric, getting the right infrastructure in place to fuel this, regardless of grid limitations, will be key. The Global EV charging market is expected to reach US$140bn by 2030, growing at an estimated CAGR of 31.2%, and power network upgrades will be critical to facilitate this level of deployment.
The collaboration between ABB and AFC Energy aims to support the delivery of the charging infrastructure required to meet this increasing demand. It will result in a new solution that will provide a secure, efficient, flexible and reliable local power supply, with zero emissions, and will be ready for deployment initially in the UK, Europe, United States and elsewhere, by the second half of 2021.
AFC Energy is a leading provider of hydrogen power generation technology, which can provide clean electricity for on and off grid applications. The company’s standard solution provides power for charging infrastructure where traditionally a diesel generator would be used. The partnership with ABB is the UK listed company’s first strategic collaboration with a global OEM. Electric Vehicle Outlook 2020, BloombergNEF