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Stock impact report

Alleviating grid limitations: Introducing portable EV chargers [Yahoo! Finance]

QINETIQ GROUP PLC ADR (QNTQY) 
NASDAQ:AMEX Investor Relations: qinetiq.com/investors
Company Research Source: Yahoo! Finance
This in turn leads to charge and range anxiety amongst EV owners. To help combat this issue, UK based company, Solus Power, has developed a smart, rapid EV charging solution: portable charging devices. Solutions offered by the company include off-the grid mobile DC-to-DC rapid charging units that can be rolled to vehicles for convenient charging in commercial settings, as well as portable systems that can be stacked or slide underneath vehicles. These solutions not only allow off-peak energy usage to alleviate grid strain, but also double as energy storage units, contributing to grid stability and energy savings. The company has recently received financial backing from US investment firm, Marbanc International. The funding will enable Solus Power to expedite the development of its innovative portable charging technology to market and meet demand from defence, fleet, and private EV owners. We spoke to Stas Leonidou, CEO, Solus Power, to learn more about the technology solutio Show less Read more
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