Siemens invests in WiTricity to advance wireless charging for electric vehicles
PR96429
WATERTOWN, Mass., June 9, 2022 /PRNewswire=KYODO JBN/ --
-- The companies will work together to drive adoption of open,
interoperable standards in wireless charging for global electric
vehicle (EV) infrastructure
-- Siemens makes strategic investment in WiTricity and licenses
their technology for future wireless EV charging products
Siemens invests $25 million and acquires a minority stake in U.S.-based
WiTricity, a wireless charging technology company. Siemens and WiTricity will
work together to drive innovation in the emerging market for wireless EV
charging. This market is expected to reach $2 billion by 2028 in Europe and
North America alone, according to Siemens' calculations. The two companies seek
to bridge the gaps in the global standardization of wireless charging for
electric passenger and light duty commercial vehicles, to enable
interoperability between vehicles and infrastructure, as well as support market
penetration. In addition, both parties will collaborate to advance the
technical development of wireless charging
systems.
Photo - https://mma.prnewswire.com/media/1835998/WiTricity_1.jpg
"Combining Siemens' global footprint and EV charging portfolio with WiTricity's
innovative technology is the first step towards elevating our offering in the
wireless charging space. This will speed up deployment of wireless charging
technology, support standardization, and advance public charging infrastructure
with interoperable solutions for drivers' convenience," said Markus Mildner,
CEO of Siemens eMobility.
Siemens will also become a technology license partner, benefitting from
WiTricity's deep know-how and decade-long collaboration with global automotive
OEMs to develop proven, field-tested, interoperable wireless charging solutions.
Innovative and proven technology
A charging pad mounted on or in the ground exchanges power with a receiving
coil attached on the underside of the EV. There are no moving parts or physical
connectors. Instead, a magnetic field transfers energy between the charging pad
and the vehicle coil when the vehicle is over the charging pad. The system uses
resonant induction between the charger and receiver in order to provide high
efficiency at a variety of ground clearances, from low-slung sports cars to
SUVs.
Cost-effective, global availability, addressing customer demands
The ultimate goal of the collaboration is to accelerate the maturing of
wireless charging technologies together with OEMs and infrastructure partners
to simultaneously ensure their cost-effective availability worldwide. A recent
survey of more than 1,000 current and future EV owners interested in purchasing
an EV in the next two years indicated that wireless charging was one of the
highest-rated add- ons and a more preferred option to other amenities,
including park-assist, performance, or premium audio packages.
"Wireless charging enables a driver to just park and walk away, returning to a
charged vehicle. Wireless charging makes EVs more appealing for individual
owners and more cost-effective for commercial operators. We are excited to
partner with a leader like Siemens to help drive this new world of compelling
solutions," said Alex Gruzen, CEO of WiTricity. "Siemens and WiTricity share
the goal of improving EV ownership and fleet management with the matchless
simplicity and reliability of wireless charging".
Eliminating autonomous vehicle friction points
For autonomous vehicles to fulfill their promise key friction points will need
to be removed, such as charging, which today still requires human intervention.
Wireless power transfer will be the key technology to enable contactless
automatic charging with least maintenance requirements and pave the way to an
all-electric, fully autonomous mobility future.
This press release and a press picture is available at https://sie.ag/3xzfdOz
For further information on Siemens emobility, please see
https://new.siemens.com/global/en/products/energy/medium-voltage/solutions/emobility.html
About WiTricity
WiTricity ( http://www.witricity.com/ ) is the trailblazer in wireless charging
for electric vehicles, leading the development and implementation of magnetic
resonance technology across passenger and commercial vehicles alike. The
company's technology is backed by an extensive patent portfolio and is the
foundation for ratified global EV wireless charging standards including SAE,
ISO, and GB. Automakers and Tier 1 suppliers turn to WiTricity to help
accelerate the adoption of EVs by eliminating the hassle of plug-in charging,
setting the stage for future autonomy.
Source - WiTricity
CONTACT: Siemens AG Christian S. Wilson, Phone: +49 172 138 5608, E-mail:
christian_stuart.wilson@siemens.com; WiTricity Kaitlin Jarvis, Phone: +1
256-361-9396, E-mail: witricity@telemetryagency.com
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