WARSAW, Poland, Aug. 19, 2024 /PRNewswire/ -- Inbalance
grid, the largest Baltic EV charging network operator and
solution developer, has entered the Polish market through a
partnership agreement with Stokrotka, a large supermarket chain
with 1,000+ locations across the country. The company will install
276 charging points at Stokrotka's shops in 2024-2025 and will
pursue further expansion within Poland and beyond.
Inbalance grid will deploy its proprietary smart charging
stations across major Polish cities and smaller towns. This move
will establish Stokrotka as the most EV-friendly Polish supermarket
chain and strengthen Inbalance grid's position as it expands into
more CEE markets.
The companies have already finalized the design and
documentation stages of the project and the actual deployment will
start soon. Around 60 Stokrotka shops will be integrated into
Inbalance grid's network by the end of this year.
According to Stokrotka, the main reason for partnering with
Inbalance grid over other market players was the company's
technological edge, including expertise in IoT development and
integrations, the internationally and locally (UDT) certified
hardware and software designed in-house by the company, seamless
user experience, robust and scalable infrastructure, and speedy
project execution. Therefore, instead of just regular charging
hardware, Inbalance grid will deploy in Poland its IoT solution that connects building
management systems (BMS), PVs, parking systems and other
devices.
Inbalance grid is investing in Stokrotka-owned locations – the
same strategy that turned the company into the largest Baltic
charging point operator, trusted by major retailers and property
managers. All Stokrotka EV locations are designed with future
growth in mind: they have the infrastructure to easily add new
charging points as demand grows.
Inbalance grid's CEO Simonas Stankus says that the partnership
with Stokrotka will serve as a live demonstration of Inbalance
grid's break-through in R&D in action in Poland as the company looks forward to more
growth opportunities in the country, as well as in Czechia,
Bulgaria, Romania, Hungary and other CEE markets.
"European data suggests a shift towards EV charging at locations
users visit regularly, such as business and shopping centers.
However, these locations bring their own challenges, such as
limited electric infrastructure. We have been addressing these
hurdles from day one with our flexible and future-proof design and
smart IoT-based power balancing solutions that are easy to install
and accommodate future demand. This approach has helped us secure a
top spot in the Baltic states and enabled us to take solid new
steps in more European markets," Stankus explains.
Inbalance grid advocates for rational infrastructure expansion
and seeks a fine balance between AC and DC stations. Inbalance
grid's Baltic customers include the largest supermarket chains,
real estate developers, parking and mobility service operators. The
company also has a solid public sector footprint.
In August, Inbalance grid announced a partnership with Orlen
Baltics Retail, a gas station chain operating in Lithuania owned by Polish energy giant Orlen.
Inbalance grid has already started to install 174 fast EV charging
points across the Lithuanian Orlen network by the end of 2027,
including 15 charging parks for electric trucks and buses.
Inbalance grid has assigned up to 10 million
euros to this deal.
Inbalance grid is backed by venture capital funds such as
Contrarian Ventures, Coinvest Capital, Orion Ventures, EIT Urban
Mobility, private equity funds Equite and I Asset Management, as
well as private investors and business angels. The company is
headquartered in Vilnius,
Lithuania.
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