Electric Mobility: innogy Launches Subsidiary in the USA

Peter Terium, CEO of innogy SE: "We are firm believers in the future of electric mobility. For this reason, innogy is working constantly to drive forward the expansion of clean, climate-friendly mobility. In Germany, we are already the leader in terms of number of charging points. Now we want to continue this success in the U.S. For there too, electric mobility and climate protection are a mega-topic for many states and big cities – and we have the innovative solutions for tomorrow's traffic."

Martin Herrmann, COO Retail of innogy SE: "I am delighted that in Cameron Funk we have gained a pioneer in the American e-mobility industry. With his outstanding body of work, network in the industry and comprehensive experience, he will be leading our business in the US market."

As one of the founding members of the EVCA (Electric Vehicle Charging Association), Cameron Funk has contributed to the progress of electric mobility in the USA. He is very experienced in developing EV Charging programs for major OEM Auto Makers including an extensive public infrastructure EV Charging background. Funk: "I am excited to be given this opportunity to help shape innogy's entry into the e-mobility market in the USA as a representative of one of the top players in Europe. We have the right products and an excellent, highly motivated team, which will enable us to build a successful future in the USA."

From production to electricity sales

innogy e-mobility US LLC operates as a technology and service provider in the field of e-mobility. The new company is a wholly owned subsidiary of innogy SE. The company's portfolio spans the whole length of the value chain, from the production, marketing, supply and construction of charging solutions right up to the operation of charging infrastructure based on its in-house software. innogy also markets a range of additional services in connection with e-vehicle electricity.

US experience through cooperation with BTCpower

Over the course of other collaborations, innogy has already set foot in the US market for e-mobility. Now, with BTCpower, innogy has gained a hardware partner for high-speed charging systems, which have been upgraded with an increased range of functions thanks to the innovative IT system from Germany.

About innogy SE

innogy SE is Germany's leading energy company, with revenue of around €44 billion (2016), more than 40,000 employees and activities in 16 countries across Europe. With its three business segments Grid & Infrastructure, Retail and Renewables, innogy addresses the requirements of a modern, decarbonised, decentralised and digital energy world. Its activities focus on its
23 million customers, and on offering them innovative and sustainable products and services which enable them to use energy more efficiently and improve their quality of life. The key markets are Germany, the United Kingdom, the Netherlands and Belgium, as well as several countries in Central Eastern and South Eastern Europe, especially the Czech Republic, Hungary and Poland. In renewable power generation, the company is also active in other regions, e.g. Spain, Italy and the MENA region (Middle East, North Africa), with a total capacity of 3.7 gigawatts. As a leader of innovation in future-oriented fields like eMobility, we are represented in the international hot-spots of the technology industry such as Silicon Valley, Tel Aviv, London and Berlin. We combine the extensive expertise of our energy technicians and engineers with digital technology partners, from start-ups to major corporations. With planned capital investments of around €6.5- €7.0 billion (2017-2019), we are building the power market of the future and driving forward the transformation of the energy market.

innogy was formed from the restructuring of the RWE Group and started operations on 1 April 2016. Its IPO in October 2016 made innogy SE Germany's most valuable energy company.

innogy is colourful, flexible and full of energy – let's innogize!

SOURCE Innogy SE

Related Links

http://www.innogy.com