Wanbang Digital Energy Co., Ltd, also known for its brand name Star Charge, a global leader in electronic vehicle (EV) charging solutions and microgrid technology, has signed a Memorandum of Understanding with Schneider Electric, the leader in the digital transformation of energy management and automation.
The parties intend to form a joint venture aimed at accelerating the adoption of EVs and revolutionizing smart energy infrastructure across Europe.
The planned joint venture will focus on developing and marketing prosumer products, solutions and services, tailored for residential, commercial and industrial sectors.
This includes a range of alternating current (AC) and direct current (DC) EV chargers, inverters, and energy storage systems designed to meet the diverse needs of the market.
The collaboration is directly aligned with Europe’s drive for sustainability, offering support and opportunities that are essential for success.
As environmental concerns rise, there is an urgent need for consumer engagement with smart energy solutions to facilitate a shift away from fossil fuels.
Benefiting from this trend, the joint venture is poised for significant growth in Europe, leveraging its innovative energy solutions and an extensive distribution network.
About Star Charge
Star Charge is a premium provider of comprehensive EV energy supply and storage solutions, with a global foot print spanning over 60 countries across six continents.
With a commitment to a greener future, the firm has delivered two million chargers worldwide, leading the industry in sales volume over the past decade according to Frost & Sullivan.
About Schneider Electric
Schneider’s aim is to empower everyone to make the most of energy and resources, uniting progress and sustainability for all. They call this Life Is On.
The company’s mission is to be your digital partner for Sustainability and Efficiency.
They drive digital transformation by integrating world-leading energy and process technologies, products, controls, software, and end-to-end connection services to the cloud, throughout the lifecycle, enabling integrated management for homes, buildings, data centres, infrastructure, and industries.
