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 for the company's service stations in Finland, said that the coverage of high-powered charging stations should be sufficient given the growing number of electric vehicles and that stations have enough capacity for multiple cars and drivers simultaneously.

The output of a high-power charge station can exceed 150 kilowatts based on the charging solution and electric vehicle, making it possible to fully recharge a drained battery in less than 30 minutes.

Kempower is one of the top performers on the Helsinki Stock Exchange in 2022, following its initial public offering in 2021. The operating profit increased by 3.2 million euros for the first half of the year, with 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 fueled by the rapid proliferation of electric vehicles. The company has already announced a plan to enter the US in the year 2023 and said that it will install charging stations along an over 5,300 kilometre highway in Western Australia.