ADS-TEC Energy Reports 2024 Financial Results and Growth Strategy

ADS-TEC Energy, a leader in battery-based energy storage and fast-charging systems, reported their financial results for 2024, concluding on December 31. Revenue rose by 2.5% compared to 2023, reaching €110.0 million, while gross profit improved to €19.4 million from a previous gross loss. The company achieved a positive adjusted EBITDA of €2.2 million, a significant turnaround from the previous year’s negative figures.

The company's customer base tripled, now spanning Europe, the United States, and Canada. CEO Thomas Speidel highlighted the company’s transition to a resilient growth phase supported by recent €50 million financing and a shift towards recurring revenue streams.

Operationally, ADS-TEC Energy is expanding its North American presence and increasing service revenues. The company is negotiating over 300 projects at high-traffic locations, further solidifying its market position.