Bosch and ads-tec will jointly work in the market of electrical storage systems and management of these. To this end, Bosch Thermotechnology will acquire a 39% stake in ads-tec Energy GmbH, a wholly-owned subsidiary of ads-tec Group, Nürtingen. The agreement has already been signed and the transaction is only subject to the approval of the German antitrust authorities. The parties have agreed not to disclose the financial details of the agreement.
“In cooperation with ads-tec Energy, we can offer comprehensive systems for the local management of energy in buildings and housing developments, thus contributing significantly to the energy transition. Our investment in ads-tec is the perfect strategic fit for our future positioning as a digital climatic and energy company “, Uwe Glock Chairman of the Management Board of Bosch Thermotechnik explained.
“We hope to collaborate with Bosch Thermotechnology and welcome the new possibilities that this cooperation will open. Decentralized digital electric power systems will develop from a niche to become a regular feature of our daily life. Renewable energy, electric mobility and the increasingly essential role of electrical energy in the heat sector constitute the growth engines for new products and solutions ” Thomas Speidel, CEO of ads-tec and president of Bundesverband für Energiespeicher (BVES – Federal Association of Storage of Energy) said. Therefore, Bosch and ads-tec complement each other “seamlessly” and “we will jointly add value to our activities”, Speidel adds.
Bosch and ads-tec: two partners, one vision
Bosch and ads-tec, represented in this case by Glock and Speidel observe a great potential for the local management of electric power in cities and urbanizations. The smart coupling of the sector is key to meeting the demands of people on the supply of energy in their neighborhoods. For companies that operate in this sector it is essential to position themselves as solid suppliers of integrated systems solutions and services.
Sectoral coupling means that different forms of energy, such as electricity, gas and heat and cold, are connected and transformed through heat pumps, cogeneration units, fuel cells, photovoltaic systems with also in the future electric mobility increasingly present. An increasing number of these products and solutions are also being developed for private households, industrial companies, energy providers and infrastructure operators, with digitization and smart management playing a central role. In this context, the Internet of Things (IoT) also becomes the Internet of Local Energy Supply (ILES).