Tritium’s Veefil-RT was on display at the Department of Transport and Main Roads Ekka 2018 stand this year from 10-19 August, 2018.
”The event was a huge success with over 5000 individual public interactions. The display charger presented an opportunity to increase the public’s awareness of the technology and it also allowed the Department to show a real-life version of the Queensland Electric Super Highway. ” Queensland Department of Transport and Main Roads
In this video, Seshan Weeratunga, CIO and CXO at Tritium, explains how Salesforce and Persistent Systems are used to enhance our customer’s experience.
Video courtesy of Persistent Systems.
See LinkedIn post HERE.
Tritium is a finalist!
Tritium has been named a finalist in the Manufacturing category of the Premier of Queensland’s Export Awards at a function in Brisbane on Thursday 13 September 2018. These awards acknowledge the important contribution of businesses to the Queensland economy through job creation and increased prosperity in the community. Winners will be announced at a Gala Awards Dinner on 11 October 2018 in Brisbane.
”An extraordinary achievement for an Australian business to have over 95% of its revenue coming from exported products. This has been enabled by Tritium’s ability to develop world-leading electric vehicle charging technology.”
Marcelo Salgado, Chief Sales Officer
See the list of finalists in each category HERE
Find out more about these awards HERE
TRITIUM IS A FINALIST!
Tritium is a finalist in the 13th annual Lord Mayor’s Business Awards.
Read more: 2018 LORD MAYOR’S BUSINESS AWARDS FINALISTS UNVEILED
IN THE CATEGORY
Queensland Urban Utilities Award for Product Innovation
WHEN WILL THE WINNERS BE ANNOUNCED?
The winners will be announced at a Gala Dinner at Brisbane City Hall on 19 October.
Paul Sernia, Tritium’s Chief Product Officer and founder, appeared on ABC Radio’s Drive program with Steve Austin in Brisbane on 12 September 2018 to talk all things Electric Vehicles and the advances being made on the road, under the hood and in charging infrastructure.
You can listen HERE (skip to the 2:14:22 mark)
MEDIA STATEMENT
Brisbane, Queensland, Australia – January 29, 2019
Tritium assures safety of its high power EV Chargers
“Tritium’s high power Electric Vehicle chargers are safe and operational. Following news of possible issues with charging stations that use Huber + Suhner liquid-cooled, high-powered charging cables, we want to confirm to our customers, drivers and business partners that Tritium high power EV chargers use Phoenix Contact glycol liquid cooled cables, and there are no safety issues with these cables.
David Finn, Chief Executive Officer and Co-Founder, TRITIUM.
More information
For more information on Tritium’s Veefil DC fast-charging and high-powered charging systems please contact Watterson PR on [email protected] or by phoning +61 2 9929 7533.
About Tritium
Tritium is a world leader in fast-charging station technology with deployments in the United States, Europe, and Australia. The company specialises in the design and manufacture of DC fast chargers for electric vehicles (EV), power-electronic systems and battery energy-storage applications. Established in 2001, Tritium has deployed equipment in more than 26 countries around the world, gaining a reputation for providing high quality and reliable solutions. Its products are operational on every continent around the world and are to be found in submarines, UAVs flying at over 40,000ft, and even working in the extremes of Antarctica.
Brisbane, Australia, AUGUST 8, 2019 – Tritium, a world leader in electric vehicle (EV) DC fast charging technology, is undertaking an equity raising round to fund its growth on the back of a series of significant customer deals across the globe.
The company, founded in Brisbane and having already exported more than 3,000 DC fast-and high-powered chargers to more than 30 countries, will raise $30 million from a combination of existing and new, sophisticated investors, as its production needs accelerate in the coming months. The $30 million capital raise will value the company at $330 million.
“The raise has been very well backed by existing large shareholders and founders, with the full $30 million underwritten,” said David Toomey, Tritium’s Chief of Staff and Head of Corporate Development. “Tritium has proven itself a leader on the global stage in the most mature markets such as Norway and California, with large upside from mass market uptake in the EV sector still to come.”
In Australia, where the sector is still in its relative infancy, there are other promising signs with the rollout of infrastructure through the likes of Evie Networks, The NRMA, The Queensland Government and Chargefox.
Over the past four months, the company has secured deals across the world with:
In 2018 Gilbarco Veeder-Root, a Fortive Corporation (“Fortive”) (NYSE: FTV) business TOOK A STRATEGIC STAKE IN TRITIUM. This enabled Tritium to not only invest in growth activities, but also leverage Gilbarco’s operational, sales and distribution channels globally.
David Finn, CEO and co-founder, Tritium, said the run of customer wins this year is the commercial realisation of prior investments coming to fruition.
“The injection of capital from Gilbarco a year ago enabled us to deliver new products and expand our operations in the United States and Europe, and that additional operational power has led directly to our successes in those markets,” said Finn.
Tritium’s recent exponential growth has been driven by the acceleration into more diverse markets. Previously, the majority of the company’s success came through early adopters in the chargepoint operator sector, but now the traditional fuel retail, automotive, fleets and utilities are also starting to roll out EV charging infrastructure.
Finn is certain that the EV sector and resulting electrification of the transport industry is very close to a tipping point and Tritium’s high-speed charging solutions will accelerate this tipping point.
“There are very few opportunities around the world, let alone in Australia to invest directly in the e-mobility revolution while it’s on its upwards trajectory,” said Finn.
About Tritium
Tritium is a technology company that designs and manufactures the world’s most advanced DC fast-charging equipment for electric vehicles (EV). Established in 2001 to provide power-electronic systems and battery energy-storage applications, Tritium became one of Australia’s fastest-growing companies with the launch of its first DC fast charger in 2014. Since then, Tritium has become a leading global DC fast charging (DCFC) supplier with installations in more than 29 countries. Tritium currently holds around 50 per cent of the world-leading market in Norway and around 15 per cent of the wider global market for 50kW fast chargers. Tritium customers include The NRMA, Chargefox, Charge.net.nz, EDF Lumins, Fortum, Grønn Kontakt, IONITY and Stromnetz. Tritium’s global headquarters and main manufacturing plant is in Brisbane, Australia. Additional sales and manufacturing facilities in Amsterdam and the Los Angeles region ensure attention to key markets in Europe and the Americas.
For more, visit WWW.TRITIUM.COM.AU.
It is possible to unlock a 100 percent renewably powered grid — without any coal, nuclear or gas storage baseload — within the next several years. And any driver or homeowner could contribute to the solution by using electric vehicles (EVs) as mobile batteries that charge at one location when there’s a surge of renewable energy and deliver it back to the grid at another when it’s needed.
The storage potential of EVs is striking. Aggregating energy across one million EVs amounts to 50 to 100 GWh of storage capacity, according to industry analysts Brattle Group. Putting that into perspective, Tesla’s “big battery” in South Australia, currently the largest battery in the world, stores less than 1GWh.
With electric cars storing and transporting renewable power, we wouldn’t need to continue building expensive storage infrastructure. For utilities, this vast mobile power source could be a savior — or their downfall.
Batteries on wheels
EVs have more capacity than they need on a daily basis: The average daily car trip in the U.S. is about 30 miles, while most EVs have a range of 124 to 310 miles. Current base model vehicles with a 186.4-mile range on a 60 kW battery pack could run a typical house, including air conditioning, for four to five days. And despite some car owners’ concerns, discharging the battery won’t cause noticeable wear, because a typical battery’s life is longer than the lifetime of a vehicle.
Using vehicle-to-grid (V2G) technology, which allows vehicle batteries to store surplus energy from intermittent renewable resources like solar and wind, EV owners could power their homes with energy stored in car batteries or sell it back to utilities, balancing fluctuations in energy demand. Using real-time rates, utilities could encourage EV owners to charge up during the day, when there is excess (and therefore cheap) solar energy, and sell back to the grid during times of high demand.
EV owners would charge their vehicles using a high-powered charger (already coming on the market) while at work or out shopping, and then drive home and plug the car into their home charger. As demand for energy ramped up in the evening, utilities could purchase a bit of power from the full EV battery. There would still be plenty of power left in the vehicle, which could be topped up the next day. Meanwhile, drivers would earn more from selling their battery power than they paid for it.
Going with the flow
Two things need to happen to make this vision a reality. The first is widespread availability of bidirectional charging — technology that allows power to flow between an EV battery and the charger or power grid. Whereas EVs today only import electricity, and EV charging stations can only send electricity to the vehicle, V2G-enabled EVs could feed electricity from their batteries to the grid using bidirectional charging stations.
Japanese EVs already support bidirectional charging (Japan sees it as a disaster preparedness feature, allowing cars to provide energy if the grid goes down). Mitsubishi launched the V2G-enabled Outlander PHEV car in Denmark last year, and Honda recently invested in bidirectional charging at its European R&D site.
In the U.S., the National Renewable Energy Laboratory (NREL) is experimenting with V2G car and charger capabilities. On the charger side, Tritium is engineering a bidirectional DC charger (we assume our competitors are as well), and standards are en route: The Institute of Electrical and Electronics Engineers (IEEE) Electric Vehicle Charging Conformity Assessment Steering Committee is creating technical standards for a DC bidirectional EV fast charger.
Staying current: The utility opportunity
Second, utilities must develop grid-balancing programs that fulfill the potential of this new resource. Utilities hold the key to unlocking EV-to-grid capabilities, and there’s ample reason for them to use it.
Electric vehicles can increase the energy consumption of an average home by 25 to 30 percent, according to Duke Energy, and the NREL found up to a 38 percent increase in U.S. electricity consumption due to EV adoption. Further, Bloomberg New Energy Finance projects that EV electricity consumption will increase to about 33 terawatt-hours per year by 2025 and 551 terawatt-hours by 2040.
The business opportunity is clear, but utilities will have to act fast to hold on to it. Once home batteries coupled with rooftop solar become widely accessible and discharge from EV batteries can fill in any energy shortage, a large number of EV owners may choose to leave the grid in favor of powering their homes with a combination of solar energy and battery storage.
Incentivizing EV drivers to sell power back to the grid is the way to keep them hooked up. If utilities make it financially attractive, drivers will give them access to all those big, mobile battery packs when the sun isn’t shining. Most likely this means demand response using a real-time pricing signal, possibly targeted at whatever transformer the driver is connected to. If the incentives are right, drivers will be better off selling power back to the grid and charging according to grid needs than using their EV to top off their home battery.
In a 40 percent renewable energy penetration scenario, managed charging — which allows a utility or third party to control vehicle charging based on the grid’s needs — could also reduce the cost of delivering electricity to an EV in California from $1,400 to less than $600 per vehicle.
Challenges to charging
Even when bidirectional charging is market-ready, we’ll face a stack of interlocking regulatory barriers to deploying EVs as mobile batteries. For instance, most utilities are not allowed to operate generation assets, and presumably, a bidirectional EV would legally count as a generator. But most utility-scale generators have a minimum allowed size for power resources that can go into a regulated electricity market. A 10kW EV is too small, so EVs would have to be aggregated and operated as one large virtual device — the problem there is that many metering and utility regulations don’t allow aggregation.
These barriers can be overcome, however. Once people realize they can go off-grid entirely using their EVs and a solar array, utilities will press regulatory bodies for policies that will allow them to retain customers and revenue from the EV market. Letting this opportunity slip is a major risk to utilities. If they don’t create a price signal to interact with EVs during peak charging times, they won’t be ready for the strain of EV uptake on the grid.
A roadmap to renewable profitability
There’s an alternative future in which EVs become a grid resource, and it’s on the horizon. Once bidirectional charging becomes available and utilities incentivize customers to feed energy from their vehicles back to the grid, the transition to on-demand renewable power will occur.
States across the U.S. — including California, Texas and New Jersey — are busy rolling out EV charging infrastructure. Using EVs to help balance the grid, instead of simply adding energy demand to it, should be an easy choice for utilities as well as drivers.
ABOUT JAMES KENNEDY
James Kennedy, engineering director and co-founder of Tritium, runs the company’s research and development team, which takes bold new technology ideas from research to prototype and develops elegant solutions to engineering challenges. As Tritium’s “crystal ball gazer,” he envisions the charging needs of tomorrow’s electric vehicle market and turns them into reality.
ABOUT TRITIUM
At Tritium, we want everyone to enjoy clean, healthy and convenient cities. Our company is committed to energy freedom and we are continually developing technologies and products that will enable the world’s EV owners to maximize the benefits of their vehicles. As both a convenient mode of transport and a mobile energy asset. By designing a range of products which support the uptake of EV’s, Tritium’s aim is to lower the barriers that can prevent transition to e-mobility.
Tritium signs deal with IONITY for 100 high-power charging sites across Europe Trevor St Baker (Tritium chairman), David Finn (CEO and Founder Tritium), Marcus Groll (IONITY COO), Michael Hajesch (IONITY CEO)
IONITY has chosen Tritium as its technology partner for the construction of 100 high-power charging sites across Germany, France, UK, Norway and Sweden. The dedicated electric vehicle (EV) charging stations will have an average of up to six user units, each capable of delivering 350 kW of power for fast charging of modern EVs. All equipped with the Combined Charging System (CCS) used by a wide range of vehicle manufacturers.
“We chose to partner with Tritium because they have a world-leading technology and have shown they can develop and deliver their products quickly,” said IONITY CEO Michael Hajesch .
The deal follows closely on the installation of two new sites in Germany at Tank and Rast rest stops at Brohltal East and Brohltal West. As the first sites to go live for IONITY in Europe, these two sites each have six high-power user units and form part of a planned rollout of around 400 EV charging sites across Europe. This will ensure EV owners will always have access to a high-power charging station within 120 km.
“We already have a leading position in the European fast-charging market and could see that demand was really taking off. Which is one of the reasons we recently opened our new sales, testing and assembly facility in Amsterdam,” said David Finn CEO and Founder at Tritium. “This deal with IONITY shows just how fast the transition to EVs is happening.”
Each of the Tritium high-power chargers on the IONITY sites will deliver up to 350 kW, which can add 150 km of driving range to an EV in just five minutes. They include Tritium’s unique and innovative liquid-cooled technology and the complete charging infrastructure is extremely compact, typically up to 50%-75% smaller than other systems on the market.
About Tritium
Brisbane-based Tritium is a technology company that specialises in the design and manufacture of DC fast chargers for electric vehicles (EV), power-electronic systems and battery energy-storage applications. Established in 2001, it has gained a reputation with the world’s largest organisations and top universities for providing solutions when quality, reliability and performance are critical for success. Its products are operational on every continent around the world and are to be found in submarines, UAVs flying at over 40,000ft and even working in the extremes of Antarctica. Tritium’s headquarters are in Brisbane in Australia, with offices in Europe and the United States.
About IONITY
IONITY is based in Munich and was founded in 2017; it is a joint venture of the BMW Group, Daimler AG, Ford Motor Company and the Volkswagen Group including Audi and Porsche. IONITY’s mission is to build an extensive and reliable High-Power Charging network (HPC) for electric vehicles in Europe to make comfortable long-distance travel a reality. IONITY has been able to secure attractive national and international locations through its strong cooperation partners. IONITY is an internationally registered trademark.
WWW.IONITY.EU