Kempower partners with Finland's Kempower to build high-powered charging stations

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Kempower partners with Finland's Kempower to build high-powered charging stations

The goal of the partnership is to build a backbone of a national network of high-powered charge points.

Katri Taskinen, head of sales at the company's service stations in Finland said that the coverage of high-powered charging stations must be sufficient given the growing number of electric vehicles and that stations have enough capacity for multiple cars and drivers at the same time.

It's possible to fully recharge a drained battery in less than 30 minutes if a high-power charge station has a high-power charge station's output can exceed 150 kilowatts, depending on the charging solution and electric vehicle.

Kempower was one of the top performers on the Helsinki Stock Exchange in 2022 after its initial public offering in 2021. The company reported a profit of 3.2 million euros for the first half of the year on revenue of 65.8 million euros, an increase of 250 per cent from the previous year.

According to Helsingin Sanomat, the partnership's value is estimated to be four million euros over the next two years.

Its growth has been fuelled by the rapid proliferation of electric vehicles. The company has already announced a plan to enter the US in 2023 and said it will install charging stations along an over 5,300 kilometre highway in Western Australia.