PARIS, May 7, 2024 – Wanbang Digital Energy Co., Ltd, also known for its brand name “StarCharge”, a global leader in electronic vehicle (EV) charging solutions and microgrid technology, has signed a Memorandum of Understanding with Schneider Electric (SU.PA), the leader in the digital transformation of energy management and automation. The parties intend to form a joint venture aimed at accelerating the adoption of EVs and revolutionizing smart energy infrastructure across Europe.

The planned joint venture will focus on developing and marketing prosumer products, solutions and services, tailored for residential, commercial and industrial sectors. This includes a range of AC/DC EV chargers, inverters, and energy storage systems designed to meet the diverse needs of the European market.

The collaboration is directly aligned with Europe’s drive for sustainability, offering support and opportunities that are essential for success. As environmental concerns rise, there is an urgent need for consumer engagement with smart energy solutions to facilitate a shift away from fossil fuels. Benefiting from this trend, the joint venture is poised for significant growth in Europe, leveraging its innovative energy solutions and an extensive distribution network.