Tetris Energy & Virta to develop a unique offering in Australia

As the roll-out of Australian electric vehicle charging infrastructure gathers momentum, businesses now have access to the combined benefits of the leading European smart charging technology platform and Australian infrastructure and energy experience.

Australia is emerging as one of the leading EV charging markets in the ASEAN region.

This growth is driven by most Australian states adopting targets of more than 50% of new EV car sales by 2030, creating demand for public and private charging infrastructure. The Australian Government’s Future Fuels and Vehicles Strategy (November 2021) targets 1.7 million electric vehicles on the road by 2030, with access to fast charging for up to 81% of the population, to be delivered in partnership with the industry.

“Now is the right time for Australian organisations to fast track their installation strategies in the soon-to-be multi-billion-dollar market. Tetris Energy and Virta’s goal is to be the optimal partner for them by bringing the best available solution from European markets,” said Mr Frank Boland, Director of Tetris Energy Pty Ltd.

Virta has operated in the world’s fastest-growing EV markets of Europe since 2015 and has over 500,000 active monthly EV drivers and access to over 250k charging points in its platform’s network and through roaming. In 2022, Virta has been ranked for the third consecutive year in Financial Times FT1000 Fastest Growing Companies in Europe.

Thousands of companies run on the Virta platform. Its ISO 27001 and SOC 2 certification guarantee high quality, meaning charging business operators can focus on their core businesses without reliability, maintenance or scaling issues.

Distinguishing features of the Virta platform include the bi-directional charging capability to allow V2G (Vehicle to Grid) charging, smart charging optimisation and demand management, and automated invoicing and platform management.

The Australian landscape and geographical distances pose unique challenges. “That is why we are extremely excited to enter the markets with Tetris Energy, who have in-depth knowledge and relationships within the Australian infrastructure and energy markets,” said Mr Elias Pöyry, Chief Business Development Officer in charge of the market expansions at Virta Ltd.

Tetris Energy is a specialist renewable energy development company with experience in delivering more than 600MW of renewable projects. The team works closely with its sister company, Tetris Capital, which has financed and developed more than AUD 15 billion in infrastructure projects.

“Tetris Energy is pleased to partner with Virta to leverage their global experience and generate additional value in the EV charging eco-system in Australia. Growth in EV charging infrastructure is complementary to the Tetris group’s interests in both renewables and social infrastructure assets,” Mr Boland said.

Under the terms of the signed MOU, the initial target is an EV charging portfolio valued at AUD 30 million (€20m). The role of Tetris will include site identification, development tasks and funding of EV Chargers.

Contacts and enquiries:

Frank Boland, Tetris Energy Ltd.
Frank.boland@tetrisenergy.com

Esa-Pekka Nykänen, Virta Ltd.
esa-pekka-nykanen@virta.global

About Virta

Virta is one of Europe’s fastest-growing companies and the fastest-growing EV charging company in the Financial Times TOP1000 ranking.

Virta operates in more than 50 countries globally, enabling EV charging services of over one thousand charging networks operating over 50 000 charging points on its smart charging platform. Including roaming, the Virta platform gives EV drivers access to 250 000 charging points globally. Since January 2022, Virta also operates in Asia-Pacific markets from its Singapore office. 

Virta has over 19 patent families, including trailblazing bi-directional charging technologies, and is the forerunner also in technological development measured by patents relative to investments in the company.

www.virta.global

Link to photo material
PW: VirtaPressMedia2021

About Tetris Energy

Tetris Energy is a specialist renewable energy development company delivering a range of solar PV and storage projects in Australia. Tetris Energy also provides energy solutions for social infrastructure projects (schools, hospitals, transport) for its sister company Tetris Capital.

Headquartered in Melbourne, Tetris Energy has recently completed seven solar and storage projects and has a large pipeline of renewable projects under development.

www.tetrisenergy.com