Brisbane start-up driving the electric vehicle movement

Brisbane-based electric vehicle charging station Tritium has been awarded a deal to install their electric vehicle (EV) chargers at 2,500 charging stations throughout Great Britain.

The Queensland startup are known for their EV chargers which are the most powerful in the world, capable of providing 150km of power in five minutes.

With over 3,000 chargers located in 29 countries, Tritium is fast becoming the most popular EV charger providers in the world. They were also recently crowned one of the World’s Most Innovative Companies in the Energy category by Fast Company.

But the company has kept too its roots through its success, and despite having offices in America and the Netherlands, the global headquarters and research and development centre remain situated in the Brisbane suburb of Murarrie.

Tritium has come a long way since it was founded two decades ago when co-founders Dr. David Finn, Dr. Paul Sernia and James Kennedy joined forces to create a motor inverter for a solar-powered race car at the University of Queensland.

Fuelled by a passion for renewable energy and backed by Queensland Government grants, the trio turned their focus purely to DC fast charging for electric vehicles in 2011, technology believed to be crucial to breaking down the barriers to widespread EV adoption.

“Smaller grants we have received in the early days from the Queensland Sustainable Energy Innovation Fund were very instrumental in our decision to push ahead with Tritium instead of just going into the industry and getting a job. Even those small grants have ripple effects,” said CEO Dr. David Finn.

According to Finn, there are three factors currently impeding the take up of EVs. Vehicle diversity, or a lack thereof. Price. And not being able to improve upon the convenience of gas stations that have been built for combustion-engine vehicles.

“Most of the models for EV adoption assume that we won’t be able to get the charging infrastructure in place fast enough, and there’ll be an s-curve in adoption rates after 2030 because of this. But I don’t believe that. I believe that Tritium can bring a product to the marketplace that will make it cost effective to create the charging infrastructure in the public space.”

There is already a growing trend of renewable sources becoming more popular, and with current projections showing 10% of vehicles on the road being electric by the year 2025, it is coming to the point where car manufacturers must adapt or risk losing out.

“If you’re a vehicle manufacturer and you don’t have an electric vehicle offering, you’re facing declining revenues, which is exacerbated by the fact that mobility services are going to drop the total number of car sales anyway. You have to adapt and were seeing that vehicle manufacturers are adapting – not just because they are facing their demise, but because they see there are opportunities for them going forward.”

The first 100 Tritium charging stations in the UK are expected to be rolled out by the end of January, 2020.

Original source: Chief Entrepreneur | Electric dreams: How a Brisbane startup is recharging the wheels of the world.

26 July 2019