The first marine fast charging network operator, Aqua superPower
(“Aqua”), and Tritium Holdings Pty Ltd (“Tritium” or the
“Company”), a leading global developer and manufacturer of direct
current (“DC”) fast charging technology for electric vehicles
(“EVs”), today announced a strategic partnership to electrify
transportation on global waterways. Aqua superpower has been
rolling out its network of marine fast chargers, with recent
installations along the Cote d’Azur and the Italian Riviera,
another in Venice, and a further 150 chargers planned next year,
with substantial deployment growth to come thereafter.
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As the demand for marine charging
infrastructure grows, Aqua is collaborating with Tritium, a global
leader in DC fast charging hardware and software, to deliver the
first global marine-specialised fast charging network. (Photo:
Business Wire)
As the electric mobility revolution continues to take hold on
the roads and in the skies, the shift towards electrification is
also gathering pace across the marine world. Aqua superpower
supports marinas, boat builders and boat owners in the drive to
bring electric power to the water and reduce the impact of boating
on marine ecosystems. As the demand for marine charging
infrastructure grows, Aqua is collaborating with Tritium, a global
leader in DC fast charging hardware and software, to deliver the
first global marine-specialised fast charging network.
“We elected to work with Tritium for their forward-thinking
technology, cutting-edge hardware architecture, and operational
cost benefits,” said Aqua superPower’s CEO, Alex Bamberg. “The
requirement for a joined-up network of reliable and fast marine
chargers to create charging hubs and corridors for electric boat
users is absolutely crucial if we are to secure the transition away
from liquid carbon fuels. The fully sealed design of Tritium’s DC
fast chargers and clarity of the user interface inherently provide
the robustness and ease of use needed in the marine and freshwater
environment.”
The charging speed provided by DC fast chargers is critical to
the growth prospects of the e-boat industry. Aqua’s strategy is to
supply reliable, high-speed charging to commercial and recreational
marine craft users internationally.
Tritium’s IP65-rated technology provides the fully sealed, safe,
and reliable charge that e-boat drivers need. The company’s RTM
fast charger model was an ideal solution for Aqua with its twin CCS
ports and simultaneous charging capability, enabling boat owners to
spend less time charging. This is of particular advantage to
commercial and working boat owners and operators, as the more
frequent duty cycles made possible by the chargers make e-boat
technology both more efficient and more beneficial for the
environments in which it is used.
“The existing high-profile installations in Monaco, Portofino
and Venice, together with other planned Aqua superPower and Tritium
projects around the world, will support the electrification of
marine transportation going forward. In the same way that passenger
vehicles have reached the tipping point, the future for boating is
an electrified fleet,” said Tritium’s CEO, Jane Hunter. “The Aqua
team comes with experience in creating fast charging networks. We
are delighted to work with them as a marine channel partner and
provide the technology to help them pursue their goal for a
dedicated marine fast charge network.”
Tritium’s robust, sealed-against-the-elements hardware combines
seamlessly with Aqua superPower’s network and user management
technology. The marine e-mobility ecosystem requires an easy and
reliable user interface providing clear guidance to recharging
points if adoption is to become widespread.
Aqua superPower’s network is accessible to marine users via the
Aqua secure app, RFID card and contactless payment, with ‘Plug and
Charge’ technology expected to be available in the future. The app
will enable users to view a map showing charger options and offer
navigational aids to guide them to their chosen location.
Aqua's adoption of Tritium’s technology will promote its mission
to reduce the impact of boating on the marine environment by
developing an all-electric and integrated global ecosystem of
marine fast chargers. The collaboration will expand clean
commercial water transport beyond luxury yachts, to ferries,
shuttles, and watercraft used for everything from laundry and food
delivery to fishing and passenger transport.
Notes to Editor
To download images: Aqua superPower Marine Charger
Installations
About Tritium
Founded in 2001, Tritium designs and manufactures proprietary
hardware and software to create advanced and reliable DC fast
chargers for electric vehicles. Tritium’s compact and robust
chargers are designed to look great on Main Street and thrive in
harsh conditions, through technology engineered to be easy to
install, own, and use. Tritium is focused on continuous innovation
in support of our customers around the world.
As announced on May 26, 2021, Tritium has entered into a
definitive agreement for a business combination with
Decarbonization Plus Acquisition Corporation II (NASDAQ: DCRN,
DCRNW, DCRNU) (“DCRN”), a publicly traded special purpose
acquisition company (SPAC), that would result in Tritium DCFC
Limited (“NewCo”), which will be the going-forward company,
becoming publicly listed. Completion of the proposed transaction is
subject to customary closing conditions, including approval of
DCRN’s stockholders, and is expected to occur in January 2022.
For more information, visit tritiumcharging.com.
About Aqua superPower
Aqua superPower is the first fully marinised dockside network of
fast chargers for electric boats. Each station provides AC and DC
charging with a current maximum power output of 150 kW, allowing DC
compatible powerboats to rapidly recharge and extend their
autonomy. Aqua has developed the first supercharger specifically
engineered and rated for use in marine environments. Built to IP65
standards and constructed using Hydro CIRCAL recycled aluminium,
Aqua superPower is a revolutionary and environmentally conscious
marine charging solution.
Aqua superPower is the first fast charge network company awarded
a grant under the Clean Maritime Demonstration Competition, funded
by the UK Department for Transport, and delivered with Innovate UK.
Led by the University of Plymouth with Plymouth City Council,
Princess Yachts Limited and Aqua SuperPower as Technology Partner,
Plymouth’s Marine e-Charging Living Lab (MeLL) will host the UK’s
first charging network for electric maritime vessels. Aqua
superPower’s marine fast charge technology and the MeLL project
were show cased at COP26 Glasgow.
The global electric boat market is expected to be worth over $20
billion by 2027. There are currently over 30 million recreational
boats in the world. According to Aqua superPower, assuming the boat
market continues to grow in line with historical trends, it is
likely there will be more than 1 million electric boats by 2030.
Regulation will accelerate this trend. More and more areas will
only be accessible to electric boats.
Source: IDTechEx, Electric Boats and Ships 2017-2027; Aqua
estimates
For more information visit: www.aqua-superpower.com
About Decarbonization Plus Acquisition Corporation II
Decarbonization Plus Acquisition Corporation II is a blank check
company formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with a target whose principal effort
is developing and advancing a platform that decarbonizes the most
carbon-intensive sectors. These include the energy and agriculture,
industrials, transportation and commercial and residential sectors.
DCRN is sponsored by an affiliate of Riverstone Holdings LLC and
represents a further expansion of Riverstone’s 15-year franchise in
low-carbon investments, having established industry leading, scaled
companies with more than US$5 billion of equity invested in
renewables.
Forward Looking Statements
Certain statements made in this document are “forward-looking
statements” with respect to the commencement of mailing of DCRN’s
definitive proxy statement (the “Proxy Statement”), the special
meeting of DCRN’s shareholders, the closing of the proposed
business combination and including statements regarding the
benefits of the business combination, the anticipated timing of the
business combination, the services offered by Tritium and the
markets in which it operates, and NewCo’s projected future results.
These forward-looking statements generally are identified by the
words “estimates,” “projected,” “expects,” “anticipates,”
“forecasts,” “plans,” “intends,” “believes,” “seeks,” “targets,”
“may,” “will,” “should,” “would,” “will be,” “will continue,” “will
likely result,” “future,” “propose,” “strategy,” “opportunity” and
variations of these words or similar expressions (or the negative
versions of such words or expressions) that predict or indicate
future events or trends or are not statements of historical matters
are intended to identify forward-looking statements. These
forward-looking statements are provided for illustrative purposes
only and are not intended to serve as, and must not be relied on by
any investor as, guarantees, assurances, predictions or definitive
statements of fact or probability regarding future performance,
conditions or results, and involve a number of known and unknown
risks, uncertainties, assumptions and other important factors, many
of which are outside NewCo’s, Tritium’s or DCRN’s control, that
could cause actual results or outcomes to differ materially from
those discussed in the forward-looking statements. Important
factors, among others, that may affect actual results or outcomes
include the inability to complete the business combination or the
private offering of ordinary shares in the capital of NewCo to a
certain investor (the “PIPE Financing”) in a timely manner or at
all (including due to the failure to receive required stockholder
or shareholder, as applicable, approvals, or the failure of other
closing conditions such as the satisfaction of the minimum trust
account amount following redemptions by DCRN’s public stockholders,
and the receipt of certain governmental and regulatory approvals),
which may adversely affect the price of DCRN’s securities; the
inability of the business combination to be completed by DCRN’s
business combination deadline and the potential failure to obtain
an extension of the business combination deadline if sought by
DCRN; the occurrence of any event, change or other circumstance
that could give rise to the termination of the proposed business
combination or the PIPE Financing; the inability to recognize the
anticipated benefits of the proposed business combination; the
inability to obtain or maintain the listing of NewCo’s shares on a
national exchange following the proposed business combination;
costs related to the proposed business combination; the risk that
the proposed business combination disrupts current plans and
operations, business relationships or business generally as a
result of the announcement and consummation of the proposed
business combination; NewCo’s ability to manage growth; NewCo’s
ability to execute its business plan and meet its projections;
potential disruption in NewCo’s employee retention as a result of
the business combination; potential litigation, governmental or
regulatory proceedings, investigations or inquiries involving
NewCo, Tritium or DCRN, including in relation to the business
combination; changes in applicable laws or regulations and general
economic and market conditions impacting demand for Tritium’s or
NewCo’s products and services; and other risks and uncertainties
indicated from time to time in the proxy statement/prospectus
relating to the proposed business combination, including those
under “Risk Factors” therein, and in DCRN’s other filings with the
SEC. Forward-looking statements speak only as of the date they are
made. Readers are cautioned not to put undue reliance on
forward-looking statement, and NewCo and DCRN assume no obligation
and do not undertake any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law. Neither
NewCo nor DCRN gives any assurance that either NewCo or DCRN will
achieve its expectations.
Important Information and Where to Find It
In connection with the proposed business combination, NewCo,
which will be the going-forward public company, filed a preliminary
registration statement on Form F-4, (as amended, the “Registration
Statement”) with the U.S. Securities and Exchange Commission (the
“SEC”), which includes a preliminary proxy statement of DCRN. The
Registration Statement is now effective, and the Proxy Statement
will be mailed to DCRN stockholders of record as of the close of
business on December 6, 2021. INVESTORS AND SECURITY HOLDERS OF
DCRN ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ALL
AMENDMENTS AND SUPPLEMENTS THERETO) AND THE EFFECTIVE REGISTRATION
STATEMENT AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE
SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT TRITIUM,
DCRN, NEWCO AND THE BUSINESS COMBINATION. Investors and security
holders will also be able to obtain copies of the Registration
Statement and other documents containing important information
about each of the companies once such documents are filed with the
SEC, without charge, at the SEC’s web site at www.sec.gov.
Participants in the Solicitation
DCRN and its directors and executive officers may be deemed
participants in the solicitation of proxies from DCRN’s
stockholders with respect to the proposed business combination. A
list of the names of those directors and executive officers and a
description of their interests in DCRN is contained in DCRN’s
filings with the SEC, including DCRN’s Annual Report on Form 10-K
for the fiscal year ended December 31, 2020, which was filed with
the SEC on March 31, 2021, and is available free of charge at the
SEC’s web site at www.sec.gov. Additional information regarding the
interests of such participants is set forth in the Registration
Statement for the proposed business combination when available.
NewCo and Tritium and their respective directors and executive
officers may also be deemed to be participants in the solicitation
of proxies from the shareholders of DCRN in connection with the
proposed business combination. A list of the names of such
directors and executive officers and information regarding their
interests in the business combination is contained in the
Registration Statement for the proposed business combination when
available.
No Offer or Solicitation
This document does not constitute a solicitation of a proxy,
consent or authorization with respect to any securities or in
respect of the proposed business combination. This document also
does not constitute an offer to sell or exchange, or the
solicitation of an offer to buy or exchange, any securities, nor
will there be any sale of securities in any states or jurisdictions
in which such offer, solicitation, or sale or exchange would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
will be made except by means of a prospectus meeting the
requirements of section 10 of the Securities Act of 1933, as
amended, or an exemption therefrom.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211222005085/en/
Tritium Media Contact Jack Ulrich
media@tritium.com.au
Tritium Investor Contact Caldwell Bailey ICR, Inc.
TritiumIR@icrinc.com
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