Supergas Energy, which is controlled by the Elco Group, today announces a contract through a wholly owned subsidiary in agreements with the Nisco Group Ltd. in an agreement to purchase charging systems for electric vehicles, including, among other things, charging stations and central charging management systems made by Green Motion, as well as cooperation and marketing Of the systems and examining additional options for business cooperation between the parties.
Nisco is a company that imports, manufactures and markets a wide range of products in the field of electricity and lighting, and is a representative in Israel of Green Motion, a Swiss company with over a decade of experience in cooperation with hundreds of authorities to manage, install and operate thousands of car charging stations in public and private spaces.
The agreement stipulates that Supergas Energy will contract with potential customers in entrepreneurship agreements to carry out projects for the construction of the systems for customers, including management, charging and sale of electricity in systems, while Nisco will provide Supergas Energy with the systems and other services in connection with systems and projects.
The field of transportation in Israel is in the midst of the electric vehicle revolution, according to BDO data according to which in 2021 more than 20,000 electric vehicles went on Israeli roads, twice as much as in 2020. This reached a significant tilt point where more than 5% of new sales are Electric vehicles. BDO’s latest forecast is that in 2025 the sales rate of electric vehicles out of the total sales of new private vehicles will be about 30% (about 215,000 electric vehicles), and in 2030 about 1.3 million electric vehicles will travel on Israeli roads, out of 4.5 One million private vehicles in total. The expectation for rapid growth stems from a number of advantages that exist in the Israeli market, such as the ability to generate electricity from natural gas from own and available sources, relatively cheap electricity prices, a market of early adapters, and technological capabilities.
The rapid growth of the electric vehicle market also brings with it various challenges, such as adjusting infrastructure, a sharp increase in electricity demand, planning the future electricity economy in light of increasing the percentage of renewable energies, and more. One of the significant challenges is the need to provide smart solutions for managing charging stations, since the electricity infrastructure is limited and not prepared for the expected high loads in electricity consumption. This challenge is gaining momentum in saturated construction buildings that are characterized by, among other things, a shortage of electricity in parking lots, a large number of consumers, pirated installations and collection and accounting challenges.
Through contracting with Nisco and other steps, Supergas Energy will offer solutions to these challenges by a smart and well-publicized charging management system that enables efficient and safe charging to a larger number of vehicles within the existing electricity infrastructure limit both in private saturated construction and office, commercial and industrial buildings. The management system centralizes all consumers, manages loads in a dynamic and safe manner, enables remote control, individual billing, fast handling of faults, etc.
Kfir Navon, CEO of Supergas: “Today we are updating on a deal that constitutes a first and significant entry into the field of electric vehicle charging stations and systems that is in line with Supergas’ business strategy to expand its areas of activity in the energy market and establish new growth engines. Through contracting with Nisco and other steps in the field of energy storage and discounted power supply, Supergas Energy will offer solutions to the challenges currently existing in this market by a smart and well-publicized charging management system that enables efficient and safe charging for a larger number of vehicles. As one of the leading energy companies in Israel, providing a wide range of energy services and solutions to about 400,000 private and business customers daily and with a franchise to supply electricity, we are prepared and ready to lead the field of electric vehicle charging in Israel, through entrepreneurship and innovation, proven performance and customer service infrastructure. ”.
Supergas, founded in 1953, was acquired in 2019 by the Elco Group. In June 2020, the company completed an initial public offering (IPO) in which it raised approximately NIS 270 million, and in July 2020, it issued a bond issue in which it raised approximately NIS 206 million.