ZOOZ Power’s Strategic Shift: Introducing Energy Storage Systems and Enhanced Energy Management System
Tel-Aviv, Israel, March 18, 2025 – ZOOZ Power (Nasdaq and TASE: ZOOZ), a pioneering provider of advanced flywheel-based power boosters and energy management systems for ultra-fast Electric Vehicle (EV) charging solutions, is thrilled to announce a pivotal shift in its strategic focus. This evolution includes the introduction of Energy Storage Systems (ESS) and an enhanced Energy Management System (EMS), aiming to optimize EV charging performance and cost efficiency.
Energy Storage Systems: The Future of EV Charging
ZOOZ Power’s new ESS is designed to address the growing demand for reliable and efficient energy storage solutions for EV charging infrastructure. With this addition, ZOOZ Power aims to provide a more comprehensive suite of offerings, enabling charging station operators to manage energy storage more effectively and reduce their dependence on the grid during peak hours. The ESS will enable charging stations to store excess energy generated during off-peak hours and release it during peak hours, ensuring a stable charging experience for EV drivers.
Enhanced Energy Management System: Maximizing EV Charging Performance and Cost Efficiency
ZOOZ Power’s enhanced EMS will utilize advanced algorithms and real-time data analytics to optimize charging performance and energy efficiency. The system will be capable of predicting energy demand, adjusting charging speeds, and balancing the grid to minimize energy costs for charging station operators. This optimization will result in reduced energy consumption and lower operating expenses, making EV charging more cost-effective for consumers.
Expansion of Sales Team
To support the implementation of these new offerings, ZOOZ Power is expanding its sales team. The company aims to expand its reach within existing markets and enter new territories, focusing on growing its presence in Europe and North America. This expansion will enable ZOOZ Power to better serve its customers and address the increasing demand for reliable and efficient EV charging solutions.
Impact on Consumers
The introduction of ZOOZ Power’s Energy Storage Systems and enhanced Energy Management System will result in several benefits for consumers:
- Faster Charging Speeds: With the ability to store and release energy as needed, charging stations will be able to provide faster charging speeds, reducing wait times for EV drivers.
- Cost Savings: The enhanced Energy Management System will optimize charging performance and energy efficiency, resulting in lower energy consumption and operating expenses, which will ultimately be passed on to consumers in the form of lower charging fees.
- Reliability: The integration of Energy Storage Systems will ensure a more stable charging experience, even during peak hours when grid reliability may be compromised.
Impact on the World
The adoption of ZOOZ Power’s Energy Storage Systems and enhanced Energy Management System will contribute to a more sustainable and efficient EV charging infrastructure:
- Reduced Carbon Emissions: By optimizing energy consumption and storage, ZOOZ Power’s solutions will help reduce the carbon footprint of the EV charging industry.
- Grid Stability: The integration of Energy Storage Systems will help stabilize the grid by balancing energy demand and supply, ensuring a more stable power grid.
- Cost Savings for Utilities: By reducing the need for peak power generation and transmission, ZOOZ Power’s solutions will help utilities save on infrastructure costs and reduce overall energy consumption.
Conclusion
ZOOZ Power’s strategic shift towards Energy Storage Systems and an enhanced Energy Management System marks a significant step forward in the evolution of the EV charging industry. With these new offerings, ZOOZ Power aims to provide more reliable, efficient, and cost-effective charging solutions for consumers, while contributing to a more sustainable and efficient energy infrastructure for the world. This announcement is an exciting development for the future of EV charging and a testament to ZOOZ Power’s commitment to innovation and growth.
